Answer:
the average cost per unit that should be used to determine the cost of the units sold on January 28 is $ 59.00
Explanation:
The Weighted Average Cost Method calculates the new cost of Inventory with each purchase of Inventory.
The Perpetual Inventory System records the cost of inventory sold with each sale made.
<u>Calculation of the new cost of Inventory with each purchase of Inventory :</u>
January 10:
Cost per Unit = Total Cost / Total Number of Units
Cost per Unit = (( 600 units × $55 per unit ) + ( 1000 units × $59 per unit )) / 1600 units
= $ 57.50
January 20:
Cost per Unit = Total Cost / Total Number of Units
Cost per Unit = (( 1600 units × $57.50 per unit ) + ( 800 units × $62 per unit )) / 2400 units
= $ 59.00
There were no further purchases from this point
Thus cost per units remains at $ 59.00
Therefore the average cost per unit that should be used to determine the cost of the units sold on January 28 is $ 59.00
Answer:
The correct answer is subprime mortgages.
Explanation:
Subprime mortgages are loans that are provided to those individuals who have low credit scores. These individuals do not qualify for conventional mortgages because of low credit score. They may have a high debt to income ratio or other signs showing a higher risk of default. A higher interest rate is charged on these loans.
Defaults on subprime loans have been blamed for the financial crisis of 2008.
Answer: double coincidence of wants
Explanation:
Coincidence of wants simply refers to a situation whereby two parties have something that the other person wants, therefore they then exchange the products they have. It should be noted that no financial compensation is involved. This simply has to do with trade by barter.
If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their double coincidence of wants will be satisfied.
Answer:
The correct answer is Option A.
Explanation:
The concept of double entry says for every debit entry, there must be a corresponding credit entry. This is necessary for the journal entries to balance, that is, the total of the debit balance must always equal the credit balance.
The building purchased by BOC is an asset. So there is need to debit that account to recognize the asset. Since there was an outflow of cash to the tune of $50,000, we need to credit cash while the remaining balance being financed by mortgage will be credited to recognize the liability.
6% annual output must be sacrificed in the transition.
Annual output is the sum of the Annual Production for a given year plus the amount of Poly Purge recycled for that year, or a fraction thereof.
A unit of annual output is the total amount of products or services produced in a certain time frame (for instance, a year). The number of units of a single good produced by a company in a certain period of time, such as a month or a year, is its output. something created, for example. steel output, mineral, agricultural, or industrial production. B: Intellectual or creative output Literature. C: The quantity a person produces in a specific period of time.
Learn more about annual output here
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