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Ymorist [56]
3 years ago
12

McCarthy Company has inventory... McCarthy Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, i

t purchased 20 units at $205 each. 11 units are sold on October 4. Using the FIFO perpetual inventory method, what is the value of inventory after the October 4 sale
Business
1 answer:
KatRina [158]3 years ago
6 0

Answer:

Ending inventory= $3,485

Explanation:

Giving the following information:

Beginning inventory= 8 units for $200 each

On October 2= purchased 20 units at $205 each.

11 units are sold on October 4.

u<u>nder the FIFO (first-in, first-out) inventory method, the ending inventory is calculated using the cost of the last units incorporated into inventory.</u>

Ending inventory= 17*205= $3,485

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Ruby is 25 and has a good job at a biotechnology company. She currently has $10,000 in an IRA, an important part of her retireme
kirill115 [55]

Answer:

a. How much will Ruby’s IRA be worth when she needs to start withdrawing money from it when she retires?

the future value of Ruby's IRA = $10,000 x 21.725 (FV factor, 8%, 40 periods) = $217,250

b. How much money will she have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal?

she needs to accumulate $875,000 - $217,250 = $657,750 during the next 40 years

the annual contribution = FV / FV annuity factor = $657,750 / 259.057 (FV annuity factor, 8%, 40 periods) = $2,539.02 per year

6 0
3 years ago
Abbot laboratory is embarking on a sophisticated technology that requires special skills. to address this problem, the company h
r-ruslan [8.4K]
The answer to this question is Human resource manager
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8 0
2 years ago
The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account
a_sh-v [17]

Answer:

See below

Explanation:

Assets =

Liabilities + Stockholder's equity

Accounts receivables $34,000(+)

Revenue $34,000(+)

Cash $26,000(+)

Accounts receivables $26,000(-)

Bike equipment $19,000(+) Notes payable $19,000(+)

Cash $3,400(-)

Retained earnings $3,400(-)

The first transaction increases asset(account receivable) by $34,000 while revenue(stockholder's equity) increased by the same amount

The cash receipt of $26,000 increases assets cash by $26,000 and decreases an asset , account receivable by the same amount

The purchase of an asset by note payable increases asset, bike equipment by $19,000 while liabilities note payable also increases by $19,000

The payment of utilities for $3,400 decreases asset cash by $3,400 while stockholder's equity retained earnings decreases by same amount.

7 0
3 years ago
In the short run, with predetermined prices, when output is greater than planned aggregate expenditures:
katen-ka-za [31]

Answer:

The decrease in production, is the right answer.

Explanation:

The decrease in production because if the output is more than planned aggregate expenditure then the equilibrium point will be at a lower point. Thus, in order to reach the equilibrium level, the production has to decrease. Moreover, if the output is lower than the planned aggregate expenditure then the production should be increased to reach the equilibrium point.

5 0
3 years ago
As the marginal propensity to consume (MPC) increases, the spending multiplier:______.a. remains the same. b. increases. c. decr
Effectus [21]

Answer:

b. increases ; 2.5

Explanation:

MPC stands for Marginal Propensity to Consume. In economics, the MPC may be defined as the metric that quantifies the induced consumption. It is the concept that determines that the increase in the spending of personal consumer occurs with increase in the disposable income.

It is estimated that as the MPC increases, the spending multiplier also increases. MCP is the ratio of consumption function to the disposal income change. When the MCp is 0.6, then the multiplier becomes 2.5 if there is no imports and taxes involved.

5 0
2 years ago
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