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olga_2 [115]
4 years ago
15

Ntercontinental, Inc., uses a perpetual inventory system. Consider the following information about its inventory: July 1, purcha

sed 10 units for $910 or $91 per unit; July 3, purchased 15 units for $1,590 or $106 per unit; July 14, sold 20 units; July 17, purchased 20 units for $2,300 or $115 per unit; July 28, purchased 10 units for $1,190 or $119 per unit; July 31, sold 23 units.
Using FIFO, the cost of goods sold for the sale of 23 units on July 31 is ____ and the inventory balance at July 31 is _____.

Business
1 answer:
enot [183]4 years ago
6 0

Answer:

Using the FIFO (First in First Out) method, the COGS (Cost of goods sold) is $2,600 and the ending inventory is $1,420.

Explanation:

The table showing the COGS and ending inventory by using the method of FIFO:

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For Crane Company, sales is $1700000 (8500 units), fixed expenses are $480000, and the contribution margin per unit is $60. What
const2013 [10]

Answer:

The Margin of safety is $100,000

Explanation:

Price = Sales / number of units = $1,700,000 / 8500 = $200

Contribution margin ratio is the ratio of contribution margin to the sales value. It measure the ratio that contributes in the recovery of fixed cost and making profit.

Contribution margin ratio = Contribution margin / Sale price = $60 / $200 = = 0.3 = 30%

Break-even is the level of sales at which business has no profit no loss situation.

Break-even point = Fixed cost / Contribution margin ratio = $480,000 / 30% = $1600,000

Margin of safety is the level of sales at which the business is safe from making loss. Margin of safety measures the profit after the break-even point.

Margin of Safety = Total sales - Break-even point = $1,700,000 - $1,600,000

= $100,000

6 0
4 years ago
Kim wants to invest in Beta Company’s crowdfunding equity fund. In the current 12-month period, Kim has invested $25,000 in othe
iren [92.7K]

Answer:

$65,000

Explanation:

According to Regulation Crowdfunding, an individual can invest 10% of their annual income across all crowdfunding offerings in a 12-month period.

Kim's annual income = $900,000

Kim's investing limit on crowdfunding offerings = $900,000

Since Kim haad already invested $25,000 in another offering, she can only invest $65,000 in Beta's crowdfunding (= $90,000 - $25,000).

6 0
4 years ago
The company eio wants you and your team to check the security of the network by simulating an attack by malicious individuals. h
m_a_m_a [10]

The answer is "conduct a penetration test".


A penetration test, informally known as a pen test, is an approved simulated assault on a PC framework, performed to assess the security of the framework. The test is performed to recognize the two shortcomings, including the potential for unauthorized parties to access the framework's features and information, and additionally its strength, empowering a full risk assessment to be done.

3 0
3 years ago
Read 2 more answers
You sold 100 shares of stock today for $30 per share that you paid $20 for 6 years ago. Determine the average annual rate of ret
MrRa [10]

Answer:

7%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.  

Given that,  

Present value = 100 shares × $20 per share = $2,000

Future value = 100 shares × $30 per share = $3,000

PMT = 0

NPER = 6 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  the answer would be 7%

8 0
4 years ago
The management of a multinational corporation establishes an efficient, specialized human resource (HR) department to manage its
Sonbull [250]

Answer:

promoting individual growth and development

Explanation:

According to my research on human resources responsibilities, I can say that based on the information provided within the question this lines up with the human resource management goal of promoting individual growth and development. This is because the career planning sessions focus on helping individuals achieve more within the career that they have chosen while the fitness center helps them become healthier. Therefore both are helping growth and development in different ways.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
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