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
a_sh-v [17]
3 years ago
10

In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 240 units at

$8, (2) 340 units at $10, and (3) 440 units at $11. Assuming there are 140 units on hand at the end of the period.b)Compute the cost of the ending inventory under the average-cost method, assuming there are 140 units on hand. (Round answers to 0 decimal places, e.g. 125.)
Business
1 answer:
alisha [4.7K]3 years ago
8 0

Answer:

$1,395

Explanation:

Total cost of Inventory purchased

= (No. of units × Per unit price) +  (No. of units × Per unit price) +  (No. of units × Per unit price)

= (240 × 8) +(340 × 10) +(440 × 11)

= 1,920 + 3,400 + 4,840

= $10,160

Number of units purchased = 240 + 340 + 440

                                              = 1,020

Average cost per unit = total cost /No. of units

= 10,160 /1,020

= $ 9.9608 per unit

Cost of ending inventory = 140 × 9.9608

= $1,395

You might be interested in
The "blank" represents the title comopany ad facilitates the final transaction ?
stellarik [79]

Answer:

the blank is "closing agent"

hope it helped!

8 0
3 years ago
according to the midpoint method, the price elasticity of demand for oranges between point x and point y is approximately0.05 ,
Shtirlitz [24]

Yes According to the Mid Point Method The degree to which customers are receptive to price changes is gauged by their price elasticity of demand.

<u>WORKING OF MID POINT METHOD</u>

Demand is considered to be elastic if consumer behaviour changes significantly in reaction to a minor change in price, as opposed to inelastic if customers alter their purchasing behaviour very little in response to a large change in price.

  • The percentage change in quantity subtracted from the percentage change in price represents the price elasticity of demand. The following formula may be used to calculate the percentage change in the number of oranges requested in this area using the midpoint method:

To learn more about Mid Point Method, Click the links

brainly.com/question/27961894

#SPJ4

4 0
2 years ago
The Drogon Co. just issued a dividend of $2.80 per share on its common stock. The company is expected to maintain a constant 4.5
djyliett [7]

Answer:

9.54%

Explanation:

we can use the dividend growth model (Gordon model) to calculate the cost of equity (Re):

current stock price (P₀) = next future dividend (Div₁) / [cost of equity (Re) - constant growth rate (g)]

Div₁ = $2.80 x 1.045 = $2.926

$58 = $2.926 / (Re - 0.045)

Re - 0.045 = $2.923 / $58 = 0.05045

Re - 0.045 = 0.05045

Re = 0.05045 + 0.045 = 0.0954 = 9.54%

7 0
3 years ago
This résumé format focuses on the tasks or skills that an applicant can perform:
exis [7]
It seems that you have missed the given choices for this question, but anyway, here is the correct answer. The answer that would best fit the given description above would be FUNCTIONAL. This resume format that focuses on the tasks or skills that an applicant can perform is called the functional format. Other choices include chronological, electronic and scannable. Hope this answer helps.
8 0
3 years ago
Read 2 more answers
Central Perk orders their organic coffee filters from a South American supplier that mails them as inexpensively (hence, as slow
Damm [24]

Answer:

1495 filters are considered as safety stock.

Explanation:

d = 80 filters, std devd= 5, L = 14 days, std dev L= 2 days

Std dev dL = Sq rt ( Lσ d2 + d 2σ L2  ) = sq rt ( 350 + 25600) = 161 filter

z= 2.33 at 99% SL

safety stock = 2.33 X 161 = 375 filter

Reorder point = dL + Safety stock = 80 X 14 + 375 = 1495 filters

3 0
3 years ago
Other questions:
  • A company recently paid out a $4 per share dividend on their stock. Dividends are projected to grow at a constant rate of 5% int
    8·1 answer
  • Melissa, the hotel manager, knows that the number of guests at her hotel has significantly decreased. Therefore, corporate has m
    6·1 answer
  • Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2016, that pay interest semiannually on June 30 and December 31
    14·1 answer
  • What common misconseptions about paying taxes exist? check all that apply​
    14·1 answer
  • Debbie likes working in the banking industry because there is a lot of structure and certainty, and the daily work is routine. d
    7·2 answers
  • Find the no-arbitrage cross exchange rate. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dollar-yen exchange
    15·1 answer
  • Do you agree with the idea of NBA teams requiring fans to place deposits for season tickets for the following year? What about t
    14·1 answer
  • 3. Is it better to have your interest compounded annually, quarterly, or daily? Why?
    6·2 answers
  • Mention any two errors which can be revealed by trial balance.​
    12·1 answer
  • By definition, empirical probability is equal to:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!