Answer:
COGS 463
Explanation:
FIFO method:
begining inventory: 10 units at $ 14
March 2nd purchases: 10 units at $ 26
March 6th purchases: 6 units at $ 21
It sold 23 units:
We will take units from the top, which are the frist units until fulfil the order.
23 - 10 units at $ 14 = 13
After using the beginning inventory, we are still short, so we use next units:
13 - 10 units at $ 26 = 3
we are still short by 3 units, so we move to next units:
3 - 3 units at $ 21 = 0
We use 3 units from the last purchase and we complete the request.
Now we calculate cost of goods sold
Total COGS:
10 x 14 = 140
10 x 26 = 260
3 x 21 = <u> 63 </u>
Total 463
We depreciate assets over their useful lives instead of just expending them in the year they were acquired because let's say, when we exhaust a 5 year asset in a year, the 1st year is understated because the whole expense of the asset has been fully utilized in just 1 year, while the remaining 4 years are overstated,
18 ticket takers should Madge hire, if Madge is the manager at a sports arena that draws an average 3,500 patrons per event and each ticket taker can process 200 event-goers per event.
Explanation:
The given is,
Madge is the manager at sports arena
3,500 patrons per event
Ticket takers can process 200 event-goers per event
Step: 1
Let, x - No. of ticket takers
Formula to calculate ticket takers,
Substitute the values,
= 17.5
x ≅ 18 ticket takers
Madge should hire 18 ticket takers.
Result:
18 ticket takers should Madge hire, if Madge is the manager at a sports arena that draws an average 3,500 patrons per event and each ticket taker can process 200 event-goers per event.
Answer:
true
Explanation:
Its an easier way to get your cash
:)