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nirvana33 [79]
4 years ago
10

Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be

ginning inventory at cost and retail were $60,000 and $120,000, net purchases at cost and retail were $312,000 and $480,000, and sales during the first six months totaled $490,000. The estimated inventory at June 30, 2021, would be:
Business
1 answer:
enyata [817]4 years ago
5 0

Answer: $68,200

Explanation:

Estimated inventory = Difference between Goods available for Sale at Retail Price and Actual Sales made * Cost Retail Ratio

Retail value of Goods Available for Sale

= Retail Price of Beginning Inventory + Retail price of Purchases

= 120,000 + 480,000

= $600,000

Difference between Goods available for Sale at Retail Price and Actual Sales made

= 600,000 - 490,000

= $110,000

Cost to retail price ratio

= (Cost of Beginning Inventory + Cost of Purchases) / (Retail Price of Beginning Inventory + Retail Price of Purchases)

= (60,000 + 312,000) / (120,000 + 480,000)

= 62%

Ending inventory

= 110,000 × 62%

= $68,200

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Answer: a) the type of exposure to Geomyces destructans; whether the bats became sick with WNS

Explanation: The independent variable refers to the variables employed by the experimenter to use as a tool to observe changes in the dependent variable. In an experimental study, the independent variables are usually the different controls adopted for the experiment. In the scenario above, the independent variable is the type of exposure to Geomyces destructans which each of the groups are exposed to. These variation in control in which the different groups are exposed to may result in different response within the group which is the change in WNS. These response due to exposure to different control is called the dependent variable.

6 0
3 years ago
Caldwell Company manufactures two products, Product A and Product B. The company's overhead costs consist of setting up machines
Molodets [167]

Answer:

$96,080

Explanation:

Calculation of Caldwell Company amount of overhead applied to Product A using activity-based costing.

First step is to use ABC, Overhead assigned to Product A :

Using this formula

[(Number of machine setups for Product A / 1,000) * Machine setup Overhead costs] + [(Number of machine hours for Product A / 30,000) * Machining Overhead costs] + [(Number of inspections for Product A / 1,500) * Inspecting Overhead costs]

Hence:

Let plug in the formula

= [(240 / 1,000) * $105,000] + [(22,200 / 30,000) * $50,000] + [(660 / 1,500) * $77,000]

= $25,200 + $37,000 + $33,880

= $96,080

Therefore Caldwell Company amount of overhead applied to Product A using activity-based costing will be:$96,080

8 0
3 years ago
By 1990, ____________ began receiving significant numbers of idiosyncratic and novel fonts from outside designers. recognizing t
anastassius [24]
The correct answer is:  "<span> Émigré </span><span>Fonts " .
_________________________________________________________
       "</span>By 1990,  <u>  </u><u>Émigré </u><u>Fonts </u><u> </u><span> began receiving significant numbers of idiosyncratic and novel fonts from outside designers. recognizing the originality of many of these submissions, partners Zuzana Licko and Rudy Vanderlans began to license and distribute the designs."
________________________________________________________</span>
3 0
4 years ago
3. Which of the following statements about the marginal product of labour is correct?
GarryVolchara [31]
The answer is B I believe
8 0
4 years ago
The Clyde Corporation's variable expenses are 25% of sales. Clyde Corporation is contemplating an advertising campaign that will
ddd [48]

Answer:

Effect on income= $40,275 increase

Explanation:

Giving the following information:

The Clyde Corporation's variable expenses are 25% of sales.

Increase in fixed costs= $18,900

Increase on income= $78,900

T<u>o calculate the effect on income, we need to use the following formula:</u>

Effect on income= increase in contribution margin -  increase in fixed costs

Effect on income= (78,900*0.75) - 18,900

Effect on income= $40,275 increase

3 0
3 years ago
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