Answer: $154.00
Explanation:
If the company is using FIFO, they would have sold off the earliest purchases first. As the sold 6 letters in October, the letter left from the first purchase is:
A to G = 7 letter
= 7 - 6
= 1 letter
Remaining inventory = 1 letter at $10.50
H - L = 5 letter
= 5 * 12.50 = $62.50
M through to R = 6 letter
= 6 * 13.50
= $81
Total ending inventory = 10.50 + 62.50 + 81
= $154.00
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<em>Note: Options are most likely for a variant of this question. </em>
Answer:
Sue will have more money than Neal as long as they retire at the same time
Explanation:
Both Neal and Sue invest the same amount ($5,000) at same interest rate (7%). In the compound interest rate formula only the time is differ. When they retire at age 60, Sue has 5 years more than Neal meaning Sue earn more interest than Neal.
When raising prices they need to be careful because it may drive customers away and when lowering them they need to make sure they are still making profits.
If you're looking for a formula then it would be y= 500x - 41 or f(x)= 500x -41
y=mx + b ; m = 500, b= -41
500 being the additional unit and -41 being the decreasing revenue.
- Miriam
Answer:
Under classified balance sheet, common stock and retained earnings are reported separately
Explanation:
Under equity section of balance sheet, common stock and retained earnings are line items i.e they are reported under equity section of balance sheet separately.
The total of these two should also be separated i.e the total is a line item also. And this forms the total equity provided there are no other line items for the for the period again.