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emmasim [6.3K]
3 years ago
14

A company's inventory records report the following:

Business
1 answer:
AlexFokin [52]3 years ago
4 0

Answer:

Closing value of inventory = $357 for 21 units

Explanation:

As for the provided information we have,

Under FIFO method we know,

FIFO means First In First Out, under this the goods bought at earliest are sold earliest.

That means first opening inventory is sold, then the inventory purchased at the earliest.

Now we have,

Opening Inventory = 27 units @ $17 = $459

Purchases:

Aug 5              22 units @ $16 = $352

Aug 12             26 units @ $17 = $442

Provided 54 units are sold on Aug 15, that means, opening inventory of 27 units, 22 units bought on Aug 5, and 54 - 27 - 22 = 5 units from purchases on Aug 12.

Therefore, after sale units left = 26 - 5 = 21 units

Thus, closing value of inventory = $357 for 21 units

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The given statement " When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cost packaging. The company would most likely choose a minimal promotions strategy with few, if any, broad communications " is TRUE.

Explanation:

The marketing mix relates to the series of measures or strategies used by a corporation to sell a commodity or product on the marketplace.

The 4Ps represent a traditional marketing blend, including price ,product ,promotion and place.

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5 0
3 years ago
Suppose the U.S. Treasury offers to sell you a bond for $747.25. No payments will be made until the bond matures 5 years from no
8090 [49]

Answer:

r = 6.00%

Explanation:

given data:

bond price = $747.25

V = \frac{P}{(1+r)^n}

747.25 = \frac{1000}{(1+r)^5}

(1+r)^5= \frac{1000}{747.25}

1.33824  =(1+r)^5

taking log on both side

5 ln (1+r)= ln 1.33824

ln (1+r)= \frac{0.291355477}{5}

ln (1+r) = .05827

1+r =e^{0.05827}

1+r =1.06

r=0.06

r = 6.00%

5 0
3 years ago
Propose an expansion strategy. Which information, that based on the current costing system or that based on the ABC system, is m
zloy xaker [14]

Answer:

There are various expansion strategies. See attached document

Explanation:

Download docx
7 0
3 years ago
Suppose Baa-rated bonds currently yield 6%, while Aa-rated bonds yield 4%. Now suppose that due to an increase in the expected i
Leviafan [203]

Answer:

Initial confidence index 66.67%

New confidence index 71.4%

Explanation:

Calculation of what would happen to the

confidence index

Using this formula

Confidence index=(Average yield for high grate bonds)/(Average yield for intermediate graded bonds)

Let plug in the formula

Initial confidence index=4%/6%

=0.6667 ×100

=66.67%

Due to increase in the yields the New Confidence Index will be;

New confidence index

=(4%+1%)/(6%+1%)

=5%/7%=0.7142857 or 0.714

0.714×100=71.4%

Hence, the New Confidence index tend to indicates slightly higher confidence and the reason for the increase in the index is the expectation of higher inflation.

6 0
3 years ago
Assume a perfectly competitive constant-cost industry is initially at long-run equilibrium. Now suppose that a decrease in marke
Brums [2.3K]

Answer:

The correct answer will be option B.

Explanation:

A decline in the market demand will cause the demand curve to shift to the left. This leftward shift in the demand curve will lead to a decrease in the price as well as quantity. As the price of the commodity decline, the supply will get reduced as well. This is because supply and price are directly related.  

A reduction in supply will cause the supply curve to shift to the left. This leftward shift in the supply curve will cause an increase in the price until it reaches the initial level.

At this point, the quantity will be lower than earlier but the price will remain the same.

3 0
3 years ago
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