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
thomas owes $438 on his credit card and was unable to pay more than the minimum payment of $20. unfortunately he mailed the paym
Kazeer [188]

Answer:

$575.82.

Explanation:

Since Thomas owes $ 438 on his credit card, but only paid the minimum of $ 20, his debt is now $ 418 (438 - 20). A late fee of $ 39 will be added to this value, which will raise said sum to $ 457 (418 + 39). In turn, the interest rate for unpaid card balances is 26% per month. Therefore, next month his balance will be $ 575.82 (457 x 1.26).

7 0
2 years ago
Glendale Paving currently has 45,000 shares of stock outstanding that sell for $38 per share. Assume no market imperfections or
Aloiza [94]

Answer:

$31. 15

Explanation:

From the question we are required to find the new stock price considering that no market imperfections or tax effects exist.

stock dividend = 22 percent

Amount per share = $38

At a a stock dividend of 22 percent, new share price would be

= $38(1 / 1.22)

= $31.15

3 0
3 years ago
Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its aver
blsea [12.9K]

Answer:

$12.45

Explanation:

Calculation to determine what the contribution margin per unit sold is closest to:

First step is to calculate the Variable cost per unit using this formula

Variable cost per unit = Direct materials per unit + Direct labor per unit + Variable manufacturing overhead per unit + Sales commissions per unit + Variable administrative expense per unit

Let plug in the formula

Variable cost per unit = $5.15 + $5.30 + $1.95 + $0.60 + $0.55

Variable cost per unit = $13.55

Now let determine the Contribution margin per unit using this formula

Contribution margin per unit = Selling price per unit - Variable cost per unit

Let plug in the formula

Contribution margin per unit = $26.00 - $13.55

Contribution margin per unit = $12.45

Therefore the contribution margin per unit sold is closest to:$12.45

4 0
2 years ago
Limon, an agent for mindwonder games llc, executes an unauthorized contract with now marketing, inc. the deal is highly advantag
anygoal [31]

The contract in the scenario is considered to be valid even if the contract is unauthorized because both of the parties have agreed on the contract and therefore, it is considered to be valid and made use of even if there is no authorized personnel involved.

6 0
2 years ago
Read 2 more answers
When a buyer finances a newly built home with a federal housing administration loan, what does the fha require the builder to do
AveGali [126]

A client finances a newly constructed home with a federal housing management mortgage,  the FHA requires the builder is The FHA set requirements for production and underwriting and insures loans made through banks and other private creditors for domestic building.

Finance is described because of the control of cash and consists of activities inclusive of making an investment, borrowing, lending, budgeting, saving, and forecasting. There are 3 primary forms of finance: (1) private, (2) company, and (3) public/government. The finance subject includes 3 fundamental subcategories: personal finance, corporate finance, and public (authorities) finance. customers and organizations use monetary services to collect economic goods and obtain economic desires.

Financing is the technique of providing finances for enterprise activities, making purchases, or making an investment. financial establishments, which include banks, are in the enterprise of offering capital to companies, consumers, and investors to help them attain their dreams.

Learn more about Finance here:

brainly.com/question/12890843

#SPJ4

5 0
1 year ago
Other questions:
  • Within a PPF framework, explain each of the following: (a) a disagreement between a person who favors more domes-tic welfare spe
    15·1 answer
  • ___________ Involves decisions that result in brand-new markets, products, and often new businesses by acquiring new assets to d
    13·1 answer
  • A ________ specifically details how you plan to find customers and sell your product.
    15·1 answer
  • A city ordinance allows only two hot-dog stands to operate in the city's downtown area. If someone who would like to add another
    12·1 answer
  • What is behavioral tracking?
    7·1 answer
  • Suppose a student has 3 hours of time to spend at her apartment before afternoon classes. She has the option of doing laundry, s
    10·1 answer
  • The amount of interest is determined by multiplying the amount in savings by the:
    6·1 answer
  • A firm has just paid its annual dividend of $5.64 a share. Thereafter the dividend is expected to increase at a rate of 2% a yea
    6·1 answer
  • A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary lo
    14·1 answer
  • A recent college graduate with a major in economics attends a job fair but has not yet found a job. this graduate is counted as
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!