Answer:
$7,750
Explanation:
The computation of the net income for the first year is shown below:
but before that following calculations needed
The Cost of production is
= Direct material + Direct labor + Manufacturing overhead
= $11,625 + $11,000 + $10,000
= $32,625
The Unit product cost is
= $32,625 ÷ 7,250 units
= $4.50 per unit
Now
Cost of goods sold = Number of units sold × cost per unit
= 4,500 units × $4.50
= $20,250
And, finally
Net Income = Sales revenue - COGS - general, selling, and administrative expenses
= (4,500 units × $7) - $20,250 - $3,500
= $7,750
Answer:
USING LIFO METHOD
Nov 1 Opening inventory 20 [email protected]$19 = 380
Nov 4 Sales 10 [email protected]$19 = (190)
Nov 10 Purchases 30 [email protected]$20 = 600
Nov 17 Sales 20 [email protected]$20 = (400)
Nov 30 Purchases 10 [email protected]$21 = <u>210</u>
Cost of merchandise sold <u> 600 </u>
The correct answer is B
Explanation:
In LIFO method of inventory valuation, most recent stocks are issued first. For instance, sales of 10 units in November 4 will be issued from the November 1 opening inventory and valued at the price of opening inventory.November 17 sales will be issued from November 10 purchases and valued at the price of November 10 purchases.
Sally is most likely in the formal operational stage of development. This answer based on Piaget's 4 stages of cognitive development which describes the stages of human's mental development. Piaget's 4 stages of cognitive development consist of the sensory motor, the preoperational, the formal operational, and the concrete operational stage<span>. Sally is in the second stage of this theory. This is because she already has developed her logical thinking.</span>
Answer:
Stock A will be preferable for the risk averse Investors.
Explanation:
The reason is that risk is the measure of the vulnerability of the returns on the investment made which means if the return on the investment has greater vulnerability of returns then it is highly risky. So the risk averse investor would prefer stock A with lower risk.
(Special comments:
It must be noted that the higher return shows that the investment is also highly risky because nobody is going to give you more with low risk associated investments. This means lower return on Stock B is also preferable here for the risk averse investor because it carries lower risks.)
