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yawa3891 [41]
3 years ago
6

In emerging markets, consumer incomes and buying power are

Business
1 answer:
Brums [2.3K]3 years ago
7 0
The global economy continues along its low-growth path, but there are a number of bright spots. In the U.S., despite the political uncertainty, a strengthening consumer is driving strongerr growth. A large fiscal stimulus under the new administration could well provide another boost to the U.S. economy. And in many emergingg marketss the rebound that began in 2016 appears to have momentum, supported by higher commodities prices and structural reforms. Europe remains challenged by uncertainty about the future of the European Union, low growth and high unemployment. 
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In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following ord
Dahasolnce [82]

Answer:

Find the detailed answer below

Explanation:

January 1     300 units at $5      $1,500

January 8     500 units at $9       $4,500

January 29 910 units at $10       $9,100

1,110 units are available at the end of the month. That means 600 units were sold

A. Under FIFO

1. Cost of goods available for sale:

        $1,500 + $4,500 + $9,100 = $15,100

2.   Cost of goods sold

         300 units at $5      $1,500

         300 units at $9      $2,700

          Total             $4,200

3. Ending inventory

           200 units at $9       $1,800

           910 units at $10      $9,100

           Total              $10,900

B. Under LIFO(Last in First Out)

1.  Cost of goods available for sale:

        $1,500 + $4,500 + $9,100 = $15,100

2.  Cost of goods sold

        600 units at $10      $6,000

        Total       $6,000

3. Ending inventory

       310 units at $10      $3,100

      500 units at $9        $4,500

      300 units at $5        $1,500

      Total        $9,100

C. Weighted average cost flow assumption: Cost of goods available for sale / total units

1. Cost of goods available for sale:

     $1,500 + $4,500 + $9,100 = $15,100

2. Cost of goods sold

      $15,100 / 1,710 = $8.83

      $8.83 x 600 = $5,298

3. Ending inventory

       $8.83 x 1,110 = $9,801.3

Under perpetual Inventory System

Between January 9 and January 28. The prevailing price that will be used to sell the inventory will be the price at January 8($9)

1. Cost of goods available for sale:

$1,500 + $4,500 + $9,100 = $15,100

2.  Cost of goods sold

        600 units at $9     $5,400

        Total           $5,400

3. Ending inventory

       1,110 units at $9      $9,990

      Total            $9,990

6 0
2 years ago
Income tax is the only type of tax collected in most states within the United States. True or False?
Ratling [72]
The ansewer is False




8 0
3 years ago
Read 2 more answers
Most frequent pattern mining algorithms consider only distinct items in a transaction. however, multiple occurrences of an item
AfilCa [17]
فکر کنم الگوریتم eclat کارآمد باشه . چون تراکنش ها رو دسته بندی میکنه

8 0
2 years ago
Read 2 more answers
In preparing a company's statement of cash flows for the most recent year, the following information is available:
Butoxors [25]

Answer:

- $ 138,000

Explanation:

The investment activities includes the transaction done on purchasing the equipment and selling the land.

Thus, for the given question

The list of investment activities:

Purchase of Equipment = - $ 149,000  

Proceeds from Sales = $ 130,000  

Purchase of Land = - $ 119,000

here, the negative sign depicts the amount is paid

thus, the net cash flow from the investment activities

= - $ 149,000 + $ 130,000 + (- $ 119,000)

or

the net cash flow from the investment activities = - $ 138,000

3 0
2 years ago
Read 2 more answers
A company's assets include patents, copyrights, and technology that are superior to those of the competition.
ankoles [38]

Answer: False

Explanation: Patents, copyrights ans technology are intangible assets, that is, those assets that do not have any physical existence, and these assets must be included in the balance sheet of the company whether they are superior to those of the competition or not.

Hence, from the above explanation we can conclude that the given statement is incorrect.

4 0
2 years ago
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