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
Sidana [21]
3 years ago
8

Effie company uses a periodic inventory system. details for the inventory account for the month of january, 2013 are as follows:

units per unit price total balance, 1/1/13 200 $5.00 $1,000 purchase, 1/15/13 100 5.30 530 purchase, 1/28/13 100 5.50 550 an end of the month (1/31/13) inventory showed that 140 units were on hand. how many units did the company sell during january, 2013?
Business
1 answer:
a_sh-v [17]3 years ago
4 0

Answer: 260

Periodic inventory is a system of inventory in which updates on inventory are made on a periodic basis. If purchases made by Effie company in January are (200+100+100=400) and units on hand at the end of the month is 140, then the company sales for the month is (400-140) or 260.

You might be interested in
A firm's bonds have a maturity of 10 years with a $1,000 face value, a 9 percent semiannual coupon, are callable in 5 years at $
Sladkaya [172]

Answer:

Yield to maturity is 3.94%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Coupon payment = $1,000 x 9% = $90/2  = $45 semiannually

Selling price = P = $1080

Number of payment = n = 10 years x 2 = 20

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $45 + ( 1000 - 1080 ) / 20 ] / [ (1,000 + 1080 ) / 2 ]

Yield to maturity = [ $45 - 4 ] / 1040 = $41 /1040 = 0.394 = 3.94%

4 0
3 years ago
Concord Corporation had 807000 shares of common stock outstanding at December 31, 2021. In addition, it had 150000 stock options
Radda [10]

Answer:

846,000 shares

Explanation:

According to the scenario, computation of the given data are as follows:

Outstanding common stock = 807,000 shares

Outstanding option stock = 150,000

option price = $37

Market price of common stock = $50

So, 150,000 - (150,000 × $37 ÷ 50)

= 150,000 - 111,000

= 39,000

So, Number of shares = 807,000 + 39,000

= 846,000 shares

7 0
3 years ago
when a market allocation of resources maximizes the total surplus received by all members of society we say there is
crimeas [40]

Whenever there is maximization of total surplus that is been received by those that are part of society by market allocation of resources then there is market Efficiency.

  • Economic efficiency can be regarded as economic state whereby there is allocation of resource to serve each individual or entity in way that everyone is satisfied while minimizing waste and inefficiency.

Therefore, When there is  an economy efficiency,  there would be maximization of total surplus.

Learn more at:brainly.com/question/15520856?referrer=searchResults

8 0
3 years ago
In January, Donna’s dad, who is 75 years old, agreed in an email with his financial advisor that he wanted to take a distributio
andrey2020 [161]

I believe this shouldn't affect him since he is 75 years old, past the 65 retirement age. So the $50K from this IRA can be withdrawn tax free. If he moved the funds to a checking account BEFORE 65, then it would be taxable. Check with a financial advisor.

3 0
3 years ago
org303 According to the textbook, the most important reason for organizations to rely on research is that it ultimately
Leviafan [203]

Answer:

Explanation:

The most important reason for organizations to rely on research is that it ultimately provides the organization with insight on how a specific decision will perform in the target market and what effects it will have on the company. This is because research provides valuable information such as a target population's interests, hobbies, spending behaviors, needs, likes/dislikes, etc. All of which are factors that help determine if that population will buy a certain product and increase the organizations revenue.

7 0
3 years ago
Other questions:
  • "You never get a second chance to make a good first impression," captures the importance of the __________ step in the selling p
    10·1 answer
  • Tommy McCartney is a sixteen-year-old high school student. He has worked forty hours per week at the local convenience store ove
    11·1 answer
  • 2. The La Salle Bus Company has decided to purchase a new bus for $95,000 with a trade-in of their old bus. The old bus has a BV
    13·2 answers
  • A firm has a fixed cost of $200 in its first year of operation. When the firm produces 99 units of output, its total costs are $
    14·1 answer
  • Malcolm was involved in an auto accident. He was judged to be 20% at fault in the accident and the other party was judged to be
    5·2 answers
  • Accidental puncture by a sharp object contaminated with the pathogen.
    8·2 answers
  • Club Co. appropriately uses the equity method to account for its investment in ChipCorp. As of the end of 2013, Chip's common st
    15·1 answer
  • Two independent companies, Hager Co. and Shaw Co., are in the home building business. Each owns a tract of land held for develop
    5·1 answer
  • The forest resource of nepal is degading day by day .write the reasons​
    14·2 answers
  • charles was a relatively new and inexperienced leader assigned to an experienced workgroup with long-standing performance norms
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!