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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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melamori03 [73]

Answer:

$50,000

Explanation:

Data provided in the question:

Interest owned by Gladys Peel in the capital and profits of the partnership  = 50%

Fair market value = $10,000

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Now,

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Therefore,

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Hence,

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<h3>What is a subsidized direct loan?</h3>

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It is also one that provides an interest subsidy because the department of education (ed) pays the interest while you're in school, during your grace period and during deferment.

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