Using the average score to describe a sample is an example of ____

Cost Flow Methods The following three identical units of Item LO3V are purchased during April: Item Beta Units Cost April 2 Purc

Lelechka [254]

Answer:

a. Gross Profit =$89, Ending Inventory = $640

b. Gross Profit =$83, Ending Inventory = $631

c. Gross Profit =$86, Ending Inventory = $634

Explanation:

FIFO

a.Gross Profit

Sales ( 1 unit × $403) $403

Less Cost of Sales ( 1 unit × $314) ($314)

Gross Profit $89

b. Ending Inventory

Ending Inventory = Units Left × Earliest Price

= 2 units × $320

= $640

LIFO

a.Gross Profit

Sales ( 1 unit × $403) $403

Less Cost of Sales ( 1 unit × $320) ($320)

Gross Profit $83

b. Ending Inventory

Ending Inventory : 1 unit × $314 = $314

1 unit × $317 = $317

Total = $631

Weighted Average Cost method

a.Gross Profit

Sales ( 1 unit × $403) $403

Less Cost of Sales ( 1 unit × $317) ($317)

Gross Profit $86

b. Ending Inventory

Ending Inventory = Units Left × Average Price

= 2 units × $317

= $634

4 0

3 years ago

The life cycle for software development includes seven steps, which are identified below. Recall the development life cycle and

lukranit [14]

Answer:

werwerwerwerwerwer

Explanation:

7 0

2 years ago

A buyer will receive a utilities bill for an estimated $400 at the end of the month. At closing, the seller has used an estimate

MrMuchimi

Answer:

Dr Seller Account $100

Cr Buyer Account $100

Explanation:

The property sold on 15th of the month by Mr. A to Mr. B and the utility bill received later of this month would be split between Mr. A and Mr. B. The basis for the split of the utility bills would be the share that Mr. A utilized the facilities and in this scenario, it is $100. Hence the buyer Mr. B has receivable of $100 and the seller Mr. A has a liability payable of $100 amount.

Hence the buyer will debit the bill by $100 receivable and the Seller will debit the bill owed to buyer by $100.

3 0

3 years ago

Suppose a foreign investor who holds tax-exempt Eurobonds paying 10.50% is considering investing in an equivalent-risk domestic

timurjin [86]

Answer:

14.58%

Explanation:

Return on Bond is the actual rate that is received by an investor on investment in bond.

As per given data

After Tax return = 10.50%

Tax Rate = 28%

Deduction of 28% withholding tax will be made on the return of the bond in that country where investment is made and investor will have return net of tax.

We can calculate the after tax return on the bond as follow

After tax return = Before tax return x ( 1 - Tax rate )

10.5% = Before tax return x ( 1 - 28% )

0.105 = Before tax return x ( 1 - 0.28 )

0.105 = Before tax return x 0.72

Before tax return = 0.105 / 0.72

Before tax return = 0.1458 = 14.58%

4 0

3 years ago

When venturing into a foreign country for business, which controllable risk will you most likely face?

OLEGan [10]

The answer would be C worker strikes due to cultural differences

4 0

3 years ago

Using the average score to describe a sample is an example of _____.