After computing the cost of inventory that was sold, The Cost of Goods sold is given as $1,334.30.
<h3 /><h3>The calculations related to the exercise are as follows:</h3>
From the information provided (see full question attached),
Inventory at hand as at November 1:
- there are 29 Units of Inventory at the cost of $5.90 dollars each.
Purchases:
- 118 units are purchased at $6.30 dollars each;
- 59 units are purchased at $6.15 dollars each; and
- 88 units are bought at $6.50 dollars each.
If at the end of the period there are 25 units each form the purchases above and 7 from the existing inventory as at Nov. 1st, then the cost of goods sold is:
((29-7) X 5.9) +((118-25) x 6.3) + ((59-25) x 6.15) + ((88-25) x 6.5))
= $1,334.30
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Answer:
evaluation and trial
Explanation:
In low involvement goods such as a new pack of gum or candy bar the evaluation and trial stages are often reversed. This is mainly due to there being very low risk for trying out a new unrecognized brand of such a product, this combined with the amount of time needed in order to evaluate other options greatly outweighs the benefit. Therefore most individuals try the product out instead of evaluating all options which isn't done for higher risk purchases.
Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.
Given that land was bought by Bob for $16390, the price is increasing at the rate of 6%, price of land today is $46817.
We are required to find the time for which Bob need to own the land so that the price of the land is $46817 today.
Compounding means calculating amount on the principal and the amount added interest.
Rate of increasing the price of land be 6%.
Price when Bob bought the land=$16390.
Price of land today=$46817.
It is like compounding of interest and the sum is calculated as under:
S=P*
In the above equation P is theamount at beginning,r is rate of increasing and n is the number of years.
46817=16390
46817/16390=
=2.8564
=
(Approximately)
From both the sides we will get n=18.
Hence Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.
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Answer:
$570
Explanation:
The computation of the interest deduction is shown below:
= Interest paid × number of months ÷ (total number of months in a year)
= $3,420 × 2 months ÷ 12 months
= $570
The interest which is deducted in year 0 under the cash method of accounting is $570
And, the two months is calculated from the November 1 to December 31
We simply apply the interest paid formula.
<u>".30"</u> is one most likely to find between hours spent studying each week and cumulative gpa among college students.
The correlation coefficient is a statistical measure that figures the quality of the connection between the relative developments of the two factors. The scope of qualities for the relationship coefficient limited by 1.0 on a flat out esteem premise or between - 1.0 to 1.0. In the event that the relationship coefficient is more prominent than 1.0 or not exactly - 1.0, the connection estimation is inaccurate. A connection of - 1.0 demonstrates an immaculate negative correlation, while a connection of 1.0 demonstrates a flawless positive correlation. A connection of 0.0 shows zero or no connection between the development of the two factors.
