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
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

You might be interested in
Financial functions format calculated values as currency, with _______. Question 3 options: a) positive cash flow appearing in r
Vlada [557]

Answer:

d) negative cash flow appearing in red font.

Explanation:

Colour coding is a type of excel formatting for financial modelling.

Color coding allows anyone to immediately pick up your model and know what can be changed (assumptions) and what should not be altered (formulas).

Example:

negative cash flow (Cash outflow) of the company appears in red font while positive cash flow (Cash inflow) of the company appears in green font.

3 0
3 years ago
You are analyzing a project and have developed the following estimates. The depreciation is $11,000 a year and the tax rate is 3
77julia77 [94]

Answer:

no option is correct, check the question to see if it was copied correctly and check the work to verify my answer

$1,430

Explanation:

worst case scenario:

2,500 units sold at $16 = $40,000

variable cost per unit $14 x 2,500 units = $35,000

contribution margin = $5,000

fixed costs = $8,500

depreciation expense = $11,000

cash flow = [(contribution margin - fixed costs - depreciation) x (1 - tax rate)] + depreciation

cash flow = [($5,000 - $8,500 - $11,000) x 0.66] + $11,000 = $1,430

8 0
2 years ago
You plan on making a $235.15 monthly deposit into an account that pays 3.2% interest, compounded monthly, for 20 years. At the e
erma4kov [3.2K]

Answer:

Monthly payment = $769.27

Explanation:

First we have to determine the future value of the ordinary annuity:

Payment = $235.15

N = 20 * 12 = 240

Rate = 3.2% / 12 = 0.267%

Using a financial calculator and the FV function, the FV = $78,910.41

Again, using the financial calculator or Excel, you can determine the monthly payment:

N = 10 / 12 = 120

Rate = 0.267%

PV = $78,910.41

FV = $0

Monthly payment = $769.27

8 0
3 years ago
Alex withdrew $500,000 from an account that paid 5 percent annual interest and used the funds to purchase real estate. After one
oksano4ka [1.4K]

Answer:

a) 25,000

Explanation:

The computation of the economic profit is shown below;

Economic profit is

= Revenue - Explicit cost - Implicit cost

= $550,000 - $500,000 - $500,000 × 5%

= $550,000 - $500,000 - $25000

= $25,000

Hence, the economic profit on this deal was $25,000

Therefore the correct option is a.

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

7 0
2 years ago
Scholarships, grants and work-study money all reduce the _____ of higher education.
Allushta [10]
I think the answer is A but i could be wrong
6 0
2 years ago
Other questions:
  • Sea Company reports the following information regarding its production costs:
    12·1 answer
  • Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cas
    10·1 answer
  • According to Adam​ Smith, which of the following is necessary for the proper functioning of the market​ system?
    7·1 answer
  • Kunkel Company makes two products and uses a conventional costing system. A single plantwide predetermined overhead rate is comp
    10·1 answer
  • The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot
    5·1 answer
  • The pattern of planned human resource deployments and activities that are intended to enable an organization to achieve its goal
    13·1 answer
  • What is the role of mining in a business​
    9·2 answers
  • Hospitals, colleges and universities, and museums fall into the ______ category of business customers. reseller market governmen
    5·1 answer
  • How do you promote an event with no money?.
    13·1 answer
  • On december 1, hansen co. Borrowed $100,000 cash from national bank by signing a 90-day, 6% interest-bearing note. On december 3
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!