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mihalych1998 [28]
3 years ago
11

The following information pertains to Company A's Year 1 inventory activities:

Business
1 answer:
NikAS [45]3 years ago
8 0

Answer:

1 & 5) FIFO Ending Inventory $ 10,800

2) moving average:   $  10,400

3) weighted average $  9,520

4) LIFO                       $  8,800

Explanation:

January 1 Beg Inv  90 $40 subtotal: $   3,600

May 15 Purchase 160 $65 subtotal:<u>  $ 10,400   </u>

                units:   250          total:       $ 14,000

April 11 Sale 50 $70

July 25 Sale 30 $75

Total sales   80 units

Ending Inventory: 250 - 80 = 170 units

<u> FIFO </u>the ending inventory is compose of the last nits

As it follows a crhonological order is the same under periodic and perpetual:

We start from the top

May 15th 160 at 65$   $10,400

170 - 160 units = 10 units

January 1 Beg Inv  10 units at  $40 = $ 400

Total ending inventory: $ 10,800

<u>Moving average: </u>

the average is calculate based on the aailable good at hand before eahc purchase:

At April 11th the company's available goods are the beginning invenory thus the COGS is

50 units x 40 dollars each = 2,000

Then, at July 25th the inventory available is:

40 units at $40 dollars          =    1,600

and 160 units at 65 dollars   = <u> 10,400  </u>

total   200 units at                    12,000

Average: $12,000 / 200 units = $60 per unit

COGS: 30 units x $60 = 1,800

Total cost: 2,000 + 1,600 = 3,600

Ending inventory: 14,000 - 3,600 = 10,400

<u>Weighted average:</u>

we divide total goods available over the total units purchased:

14,000 / 250  = 56 dollar per unit

ending inventory 170 units x 56 per unit = $ 9,520

<u>LIFO:</u>

the last units are sold while the first are ending inventory we start from the top part :

January 1 Beg Inv  90 $40 subtotal: $   3,600

170 units - 90 units = 80 units

May 15 Purchase 80 $65 subtotal:   $<u>   5,200  </u>

                                      Total             $    8,800

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3 0
3 years ago
Pierre's Ice Cream Company produces ultra-rich ice cream, which it sells in Cleveland, Ohio, and other neighboring places. Last
boyakko [2]

Answer:

The actual return on investment was 16.67%

Explanation:

the Return on Investment, will be the net income copared with the own funds (equity). So, we will compare the 50,000 net income with the owner's equity 300,000

50,000/300,000 = 0.1667 = 16.67%

The return on investment is 16.67% This means for every dollar of equity the comany earn 16.67 cent

It also means the company will return their entire investment in:

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3 years ago
2. Should the U.S. government support U.S. tobacco company interest abroad if they are using harmful tactics
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This actions are harmful and the results are usually detrimental.

Therefore, U.S. government should not support U.S. tobacco company interest abroad if they are using harmful tactics.

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4 0
2 years ago
You are considering investing $1,000 in a complete portfolio. The complete portfolio is composed of Treasury bills that pay 5% a
astra-53 [7]

Answer:

amount to be investment in risky portfolio =  $405

amount invest in security x = $243

amount invested in security Y = $162

Explanation:

given data

investing = $1,000

Treasury bills = 5%

optimal weights of X = 60 %

optimal weights of Y = 40 %

expected rate of return x =  14%

expected rate of return y = 10%

solution

we know that

                      weight                     return                     return from risky port

X                     60 %                         14 %                       8.4 %

Y                     40 %                          10 %                       4%

total                                                                                 12.4 %

so here

return from risky portfolio is = 12.4 %

and

return from risk free investment = 5 %

so 'we consider here investment in risky portfolio = x

so investment in risk free  = 1 - x

so we can say that

12.4 % × x + 5 % × (1-x) = 8 %

solve we get

x = 0.405

so investment in risky portfolio = 0.405

so investment in risk free  =0.595

and

amount to be investment in risky portfolio = $1000 × 0.405

amount to be investment in risky portfolio =  $405

and

amount invest in security x = $405 × 60%

amount invest in security x = $243

and

amount invested in security Y = $405 × 60%

amount invested in security Y = $162

4 0
3 years ago
A.J., a 20-something college graduate, was recently hired as a financial-analyst assistant for a large company. He recalled that
Helga [31]

Answer:

prepare an expense record, and make certain that his credit is good so he can continue to spend more than he makes

Explanation:

Since in the question it is mentioned that an individual is recently hired as a financial analyst for a big company he remebered that how he can manage his personal finance and the financial concerns so in order to maintain its approach with respect to his own finance we should suggest that first prepare the record of an expense and also certain about the good credit score so that he is able to spend more

Therefore the first option is correct

4 0
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