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jeka57 [31]
3 years ago
15

Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods

Business
2 answers:
SIZIF [17.4K]3 years ago
7 0

Answer:

LIFO ending inventory $   544.00

Weighted average:      $    565.44‬

FIFO ending invetory:  $   590.00

Explanation:

weighted-average:

1,449 / 41 = 35,34

Ending Inventory

16 x 35.34

LIFo we pick the first 16 units as the latest were sold:

8 units at $ 33  =  $ 264

8 units at $ 35  =  $ 280

Total ending inventory $ 544

FIFo we pick the last as the first one are the first being sold

15 units at 37 = 555

1 unit at 35 =       35

total ending      590

Kitty [74]3 years ago
3 0

Answer:

a) FIFO

Inventory = $590

b) LIFO

Inventory =  $544

C) WAM

Inventory = $565,46 = $565

Explanation:

a) FIFO

Inventory = $555 +$ 35 = $590

Dec purchase = $555

Aug 7 = $35

b) LIFO

Inventory = 280 +264 = $544

Jan  = $264

AUG = 8 * $35 = $280

C) WAM

Inventory

WAM = $1449/41 = $35,34 *16 = $565,46

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Which of the following is/are tactics used by interest groups to influence public opinion? Publicizing voting records of members
Shalnov [3]

Answer:

Publicizing Voting Records and Publishing Research.

Explanation:

As they seek to influence the public opinion and not the government in this question, lobbying would be out as it is a tactic to influence congress members directly and not the public. Publishing voting records could be a valid tactic if said vote records were in favor of the group interest. Funding and publishing research is a valid tactic as well because it serves as a platform to get facts and data to the public, influencing its decision (in the scenario a research findings benefits the interest groups vision, obviously).  

3 0
3 years ago
Which of the following is an incorrect statement regarding variances?
laiz [17]

Answer:

The answer is B.

Explanation:

Variance is the difference between the expected sales(revenue), price, material quantity, material cost(expense) and the actual sales, price or material quantity.

Sometimes, expected or budgeted sales or price might be higher than actual sales or price, if this happens the variance is an unfavorable one.

And if it is the actual that is higher or more than the budgeted or expected sales or price, we say it is a favourable variance.

4 0
3 years ago
A purely competitive firm should produce in the short run if its total revenue is sufficient to cover its:
Leokris [45]

Answer:

D. total variable costs

Explanation:

A purely competitive firm should produce in the short run if its total revenue is sufficient to cover its <u>total variable costs</u>.

In short run, fixed cost had to be incurred even if it shuts down. So it should operate as long as price is greater than average variable cost.

8 0
3 years ago
Flemington Farms is evaluating an extra dividend versus a share repurchase. In either case, $15,000 would be spent. Current earn
lesya [120]

Answer:

correct option is a) 24.87; 24.87

Explanation:

given data

spent = $15000

current earnings = $2.80 per share

stock currently sells = $75 per share

shares outstanding = 2,800

top find out

PE ratio

solution

first we get here dividend per share that is express as

dividend per share = \frac{spent}{outstanding\ share}   ................1

dividend per share = \frac{15000}{2800}

dividend per share = $5.3571

and price after dividend will be here as

price after dividend = stock currently sells - dividend per share    ............2

price after dividend = $75 - $5.3571

price after dividend = $69.6429

so  PE ratio will be

PE ratio is = \frac{69.6429}{2.80}

PE ratio is = 24.87

and

now we get share  repurchased  that is

shares repurchased = \frac{spent}{stock\ currently\ sells}    .......3

shares repurchased = \frac{15000}{75}      

shares repurchased = 200      

so EPS will be  as

EPS is = 2.80 × \frac{2800}{2600}

EPS = 3.015  

so PE ratio will be as

PE ratio is  = \frac{75}{3.015}

PE ratio is = 24.87

correct option is a) 24.87; 24.87

7 0
3 years ago
How does an understanding of management and organizational behavior lead to organizational effectiveness and efficiency
ioda

Answer: Understanding the organizational behavior and management can lead to effectiveness and efficiency.

Explanation:

Each and every organization have a proper set of rules and regulations that helps in running the organization effectively.

The goals can be achieved only when the organizational behavior and management is made clear to the employees.Understanding the work make the work done in a effective manner.

The efficiency of the organization is increased by doing the work with the better understanding of the management and organizational behavior.

7 0
3 years ago
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