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Zina [86]
3 years ago
6

Hoover Company purchased two identical inventory items. The item purchased first cost $45.50. The item purchased second cost $50

.75. Then Hoover sold one of the inventory items for $70. Based on this information, the amount of:
Business
1 answer:
Eva8 [605]3 years ago
7 0

Answer:

The gross margin is $21.875

Explanation:

I think your question is missed of key information, allow me to add in and hope it will fit the original one.  

Based on this information, the amount of gross margin is:

My answer:

Given that:

  • first cost $45.50
  • second cost $50.75
  • one of the inventory items for $70

When using the weighted average method, you divide the cost of goods available for sale for the number of units available for sale, which brought the average cost weighted for each unit.

=> Weighted Cost = (44.5x 1) + (50.75 x 1)] / 2 = $48.125

=> Gross margin is: Sell price - Weighted Cost

$70 - $48.125 = $21.875

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Dafna11 [192]

Answer:

Commercial banks, required reserve, loans, deposits, create.

Explanation:

The main function of commercial banks is to accept deposits and then to lend the same money (minus required reserves) back out. Banks make a profit by charging a higher interest rate on loans than the interest rate they pay on deposits. Through the loan process, banks are actually able to create money.

The major function of commercial banks is

1. Accepting deposits from people and business organzations.

2. Giving loans to Customers to be paid at a specific period of time at an agreed interest rate.

Required reserve is the minimum amount of money which in required for a commercial Bank to hold/save out of every deposit. If the required reserve is 10% of every deposit, a customer customer deposited $100. The required will be $10 which the bank will hold. The remaining $90 is the balance which banks can loan out to Customers.

Commercial Banks make profit by charging a higher interest rate on loan and lower interest rate on deposits. For example: 7.5% interest rate on loan and 2.5% interest rate on deposits. The 5% difference is the bank Profit.

5 0
3 years ago
Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2012:
diamong [38]

Answer:

a. $1,765,000

Explanation:

Total stockholder’s equity on December 31, 2013  =  Total equity at end 2012 – amount paid for 3,000 shares were reacquired at $28 per share – amount paid for 3,000 shares were reacquired at $35 per share + amount collect from 1,800 shares of treasury stock were sold at $30 per share + net income of $450,000

=  $1,450,000 – 3,000 * $28 – 3,000 * $35 + 1,8000 *$30 + $450,000 = $1,765,000

4 0
3 years ago
Identify strategies to promote the development of the human resources field in business
Naya [18.7K]

Answer:

  1. Develop a thorough understanding of your company’s objectives
  2. Evaluate your HR capability
  3. Analyze your current HR capacity in light of your goals
  4. Estimate your company’s future HR requirements
  5. Determine the tools required for employees to complete the job
  6. Implement the human resource management strategy
  7. Evaluation and corrective action

3 0
3 years ago
Why are businesses working or failing in today's society?
Mumz [18]

Answer:

well in society today as corona virus grows so do prices which makes it harder for people to buy things they used to. Companies are starting to shut down do to people not being able to buy anything or not being able to afford things or the product is bad. Do to all of this companies are failing tho some are using this to their advantage and are thriving.

Explanation:

hope this helps

4 0
3 years ago
Margaret is the new director of research at a well-known pharmaceutical company. She has been asked to design a set of research
Salsk061 [2.6K]

Answer:

double - blind experiments.

Explanation:

Double - blind experiment -  

It is an experimental method , which helps to avoid any impartiality and any error due to biasing .

The experiment give rise to very accurate results , which is very important for any experiment .

Hence , the new director Margaret , need to design a set of double - blind experiments .

7 0
3 years ago
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