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Alex787 [66]
3 years ago
9

A company had beginning inventory of 12 units at a cost of $15 each on March 1. On March 2, it purchased 12 units at $24 each. O

n March 6 it purchased 7 units at $20 each. On March 8, it sold 28 units for $63 each. Using the perpetual FIFO inventory method, what was the cost of the 28 units sold?
Business
1 answer:
Tema [17]3 years ago
4 0

Answer:

The cost of the 28 units sold is $548

Explanation:

In the given question,  

On March 1 it purchase 12 units for $15 = 12 units × $15 = $180

On March 2 it purchase 12 units for $24 = 12 units × $24 = $288

On March 6 it purchase 7 units for $20 = 7 units × $20 = $140

And, on march it sold 28 units for $63 each  

The 28 units could be taken from  

12 × $15 = $180

12 × $24 = $288

And remaining 4 units × $20 = $80

So, the total cost of units sold = $180 +$288 +$80 = $548

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lilavasa [31]

Answer:

Margin of safety= $260,000

Explanation:

Giving the following information:

Sales= $485,000

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<u>To calculate the break-even point in sales dollars, we need to use the following formula:</u>

Margin of safety= (current sales level - break-even point)

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2 years ago
Dave, a graphic designer, has applied for a job at Animatrix Co., an animation studio. When he is called for the interview, Dave
Alex_Xolod [135]

Answer:

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Which of the following statements is CORRECT? Select one: a. The capital structure that minimizes a firm's weighted average cost
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Answer:

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Explanation:

The optimal capital structure is estimated by calculating the mix of debt and equity that minimizes the weighted average cost of capital (WACC) while maximizing its market value. The lower the cost of capital, the greater the present value of the firm’s future cash flows, discounted by the WACC. Thus, the chief goal of any corporate finance department should be to find the optimal capital structure that will result in the lowest WACC and the maximum value of the company (shareholder wealth).

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Answer:

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