1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>
You might be interested in
A lessor is a party who acquires a right to the possession and use of goods under a lease.a) trueb) false
Anika [276]

Answer: FALSE

         

Explanation: In simple words, a lessor refers to an individual who , under a contract of lease, lets another individual to use his or her assets in return of any kind of rent or one time payment.

The individual who pays the rent in return of right to use the asset of the lessor is called a lessee. Lessor is actually the owner of the asset.

Hence the given statement is false.

6 0
3 years ago
Debt investments not classified as trading or held-to-maturity securities are called available-for-sale securities.
AlexFokin [52]

It is completely inappropriate to mention that debt investments not classified as trading or held-to-maturity securities are called available-for-sale securities. Therefore, the statement given above is false.

<h3>What is the significance of debt investments?</h3>

Investments in the loan instruments or similar classes are regarded as debt investments. These investments cannot be bought or sold or traded in the open market, as unlike equity investments, they are backed by a date of maturity.

Therefore, the statement given above regarding the significance of debt investments is false.

Learn more about debt investments here:

brainly.com/question/20358839

#SPJ4

4 0
11 months ago
Which NIMS Management Characteristic refers to personnel requested through appropriate authorities and established resource mana
sergey [27]

Answer:

A. Dispatch/ Deployment

Explanation:

NIMS refers to National Incident Management System that is basically created by the Federal Government in order to keep a regulated and national approach that is comprehensive for the incident management.

The Dispatch and Deployment characteristic provide that no resources shall be dispatched before the prior approval of management, and that the resources shall be deployed only when the management asks for such deployment.

This basically establishes the importance of authorities and personnel that is higher management.

7 0
3 years ago
For product costs associated with a particular product to be reported on the income statement: Group of answer choices The produ
m_a_m_a [10]
Inventory is important
3 0
3 years ago
What are companies doing to respond effectively to increasing segmentation of the marketplace? Following a traditional sales mod
N76 [4]

Answer: The answer is C. Using more narrowly targeted marketing messages.

Explanation: Market Segmentation is basically the act of dividing a large market into smaller groups, which can now easily be targeted and serviced.

In an increasingly segmented marketplace, the best option for companies it so make sure that they tailor their marketing messages to the segmented market chunk.

Basically, in order for companies to retain the loyalty of their market segment, or to get new customers, they have to make sure that their marketing messages are more narrowed and specific, in order to hold the attention of their target audience.

Using more narrowly targeted marketing messages will guarantee that the target market gets the message clearly and prompt them to patronize the company.

7 0
3 years ago
Other questions:
  • What is true of someone with a low credit score I they probably make payments on time II they may not be able to rent the apartm
    13·1 answer
  • The manager of Dukey’s Shoe Station estimates operating costs for the year will include $480,000 in fixed costs. Required: a. Fi
    10·1 answer
  • Which of the following would most likely be required when Implementing an AML program? (Select all that apply.)
    6·2 answers
  • Consider Pacific Energy Company and U.S. Bluechips, Inc., both of which reported earnings of $961,000. Without new projects, bot
    13·1 answer
  • Strategic planning: a. requires managers to set short-term goals to increase market share. b. involves integrating all of the pr
    7·1 answer
  • Which statement best describes the economic relationship between
    11·1 answer
  • On April 1, a company purchased two units of inventory, A and B. The cost of unit A was $640, and the cost of unit B was $550. O
    8·1 answer
  • If the government places a $2 tax per bag of potato chips on the producers, what would the consumers of potato chips observe? a.
    8·1 answer
  • Janice, a citizen of Nevada, was injured by a defective product manufactured by Hot Plates, Inc., a company incorporated in Cali
    13·1 answer
  • In 2019, Ivanhoe Company had a break-even point of $385,000 based on a selling price of $7 per unit and fixed costs of $115,500.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!