1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vredina [299]
3 years ago
14

Bonita uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $12.

00 each. During the month, the company made two purchases: 3100 units at $13.00 each and 12000 units at $13.50 each. Bonita also sold 13100 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month
Business
1 answer:
Lapatulllka [165]3 years ago
6 0

Answer:

$169,514

Explanation:

[(7,300 × $12) + (3,100 × $13) + (12,000 × $13.50] ÷(7,300 + 3,100 + 12,000)

=87,600+40,300+162,000÷22,400

=289,900÷22,400

=$12.94

Hence;

$12.94 × 13,100 = $169,514

Therefore using the average cost method, the amount of cost of goods sold for the month will be 169,514

You might be interested in
Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore,
anzhelika [568]

The combination of expansionary monetary policy and a self-regulating economy will cause real GDP will rise to the level above natural real GDP and the recessionary gap would hence turn into an inflationary gap situation.

<h3>What do you mean by monetary policy?</h3>

Monetary Policy refers to the control of the quantity of money available in an economy through which new money is supplied.

The self-regulating economy experiences a recessionary gap. The real GDP is less than the level of natural real GDP. The gap is been corrected by the rightward shift in the short-run aggregate supply curve.

Due to interplay, real GDP will rise to the level above natural real GDP and the recessionary gap turn into an inflationary gap.

Learn more about Monetary policy here:

brainly.com/question/3817564

#SPJ1

8 0
2 years ago
Which of the following is something that companies are likely to engage in with famous, well-publicized sports teams?
Gnoma [55]

Sponsorship.

Companies will partner with famous teams and players through sponsorship in order to advertise their product to fans.

5 0
3 years ago
Read 2 more answers
Expectancy theory implies that linking an increased amount of rewards to performance will increase motivation and performance. F
TiliK225 [7]

Cognitive evaluation theory would question the use of money as a motivator because external motivational tools may lower intrinsic motivation because people will start working to get the reward, NOT because they are intrinsically motivated or challenged.

4 0
3 years ago
In ________ teams, there is an expectation of increased productivity and quality of work life because employees are delegated gr
posledela

In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.

<h3>What is self managed team?</h3>

Self-managed team includes group of people a that work together to render a service or to sell and produce a good.

They do not work under any manage or require managerial supervision.

Therefore, In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.

Learn more on self managed team

brainly.com/question/7199325

6 0
2 years ago
Carlisle Enterprises, a specialty pharmaceutical manufacturer, has been losing market share for three years because several key
Olegator [25]

Answer:

It should obtain at least:  $  17,363,986.04

Explanation:

we have several cash flow of different magnitude. As thisi s a finite sum of cash flow, we solve using present value of each lump sum using our WACC as discount rate:

\frac{Nominal}{(1 + rate)^{time} } = PV

\frac{8,500,000}{(1 + 0.15)^{1} } = PV

\frac{7,500,000}{(1 + 0.15)^{2} } = PV

\frac{5,000,000}{(1 + 0.15)^{3} } = PV

\frac{2,000,000}{(1 + 0.15)^{4} } = PV

\frac{500,000}{(1 + 0.15)^{5} } = PV

Year      Nominal Cash Flow Present Value

1   8,500,000.00      7,391,304.35

2   7,000,000.00    5,293,005.67

3   5,000,000.00       3,287,581.16

4   2,000,000.00      1,143,506.49

5      500,000.00       248,588.37

Total Present value  17,363,986.04

8 0
3 years ago
Other questions:
  • When carter first moved into his neighborhood, he noticed hundreds of frogs on the roads after a rain storm. lately, carter has
    12·2 answers
  • Which of the following items are included in official U.S. GDP statistics? Instructions: In order to receive full credit, you mu
    8·1 answer
  • If Joey purchased a $100,000 house with a 20 percent down payment and borrowed the rest on a 30-year mortgage at 5% interest, wh
    5·1 answer
  • What is the varilbe for egotistic suicde?
    14·1 answer
  • Which of the following is used to describe government policies that restrain trade between states?
    15·1 answer
  • The money spent by firms in order to produce and sells their goods and services is called
    11·1 answer
  • Which of the following would be categorized as an opportunity cost?
    6·1 answer
  • Suppose that 2 years after the issue date (as in Part a) interest rates fell to 8%. Suppose further that the interest rate remai
    12·1 answer
  • XYZ Corporation's standards call for 1,000 direct labor-hours to produce 250 units of product. During October the company worked
    11·1 answer
  • Marie purchases a test to use for customer service representative applicants. The vendor that sells her the test explains that t
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!