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Ksivusya [100]
3 years ago
5

A company purchased 100 units for $30 each on january 31. it purchased 400 units for $20 each on february 28. it sold a total of

470 units for $110 each from march 1 through december 31. if the company uses the last-in, first-out inventory costing method, calculate the amount of ending inventory on december 31. (assume that the company uses a perpetual inventory system.)
Business
1 answer:
PolarNik [594]3 years ago
7 0
<span>The answer is "$900".

A company purchased 100 units for $30 each on January 31.
</span><span>it purchased 400 units for $20 each on February 28.</span><span> 
it sold a total of 470 units for $110 each from march 1 through December 31.
method used = </span><span> last-in, first-out inventory costing method
it means last 400 units from February and 70 units from January were sold.
So, only 30 units left from January that are for $30 each.
Thus, </span><span> the amount of ending inventory on December 31 = 30 x $30 =$900</span>
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15 blankets; 35 meals

Explanation:

First, we compute Opportunity Cost (OC).

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OC of meals = 2/8 = 0.25 blanket

In Felinia,

OC of blanket = 1/5 = 0.2 meals

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Since Felinia can produce blankets at lower OC (0.2 < 4), so

Felinia has comparative advantage and specializing in blankets.

Total blankets produced with trade = 5 x 10

                                                           = 50

Since Caninia can produce meals at lower OC (0.25 < 5), so

Caninia has comparative advantage and specializing in meals.

Total meals produced with trade = 8 x 10

                                                       = 80

After trade,

Total blankets produced = 10 + 25

                                         = 35

Decrease in blanket output = 50 - 35

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Total meals produced = 40 + 5

                                     = 45

Decrease in meals output = 80 - 45

                                            = 35

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2 years ago
In Appellia, it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources t
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Answer:

b. diminishing returns to specialization.

Explanation:

Diminishing returns is also called diminishing productivity. It states that as additional unit of input is used in production it will get to a stage where more of input will be required to maintain output levels.

If the same level of input is used it will result in reduction in output over time.

This is exemplified in this secanrio where it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources to increase output from 13 tons to 14 tons, and 12 units of resources to increase output from 14 tons and 15 tons.

It takes more input to increase output by 1 ton

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The major drawback of taking out a loan to start a company is?
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Green Frog is an environmentally friendly firm in the cosmetics industry. Even though Green Frog is environmentally friendly, th
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D) Growth in earnings per share averaging 15% or better annually for the next five years

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First of all, objectives must be well defined and measurable. That is why increasing profitability is a good idea but not a very good strategic objective, since a 0.00001% growth in profits will still comply with it. The same applies with growing market share.

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3 years ago
In 2016, Saratoga Company had the following financial data: Operating income $320,000 Interest received $50,000 Interest paid $9
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In 2016, Saratoga Company had the following financial data: Operating income $320,000 Interest received $50,000 Interest paid $90,000 Dividend received $100,000 Dividend paid $150,000 Dividend of $100,000 was received from Findlay Inc. which is one of the companies that Saratoga company invest. As of the end of 2016, Saratoga Company owns 35% of Findlay, Inc.

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From the given information:

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Interest paid = $90000

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Therefore:

Saratoga Company Total Income = Operating income + Interest Received + Dividend Received  - Interest Paid - Dividend paid

Saratoga Company Total Income = $320,000 + $50,000 + $100,000 - $90,000 - $ 150,000

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According to the table given ;

The table tax percentage = 34 %

= $230,000  × 0.34

= $78,200

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