Answer:
(1) $2,720
(2) $2,220
Explanation:
Given the following sequence:
300 units at $6, 400 units at $7 and 200 units at $8
(1) FIFO method
Ending inventory = 360 units
Cost of ending Inventory:
= 200 units at $8 + 160 units at $7
= 200 × $8 + 160 × $7
= 1,600 + 1,120
= $2,720
(2) LIFO method
Cost of ending Inventory:
= 300 units at $6 + 60 units at $7
= 300 × $6 + 60 × $7
= 1,800 + 420
= $2,220
Last year, being a non-leap year, there were 365 days
So, number of hours in last year = 365 x 24 = 8760
Total number of man-hours spent in the National park = 3100000 x 22, i.e. number of visitors x hours spent by each visitor
We can find out average number of visitors in the park at any time during that hour as = (3100000 x 22)/8760 = 7785.388 visitors
Answer:
Income is money that you receive usually after doing work.
Explanation:
Gross Income is income before taxes and expenses, while net income is income after expenses and is your profit margin.
Answer:
The correct option is D) reduce test scores by 4.56 for every school district.
Explanation:
Based on the information in the question, the relationship between test scores and the student-teacher ratio can be mathematically written as follows:
x = 698.9 - 2.28y .................... (1)
Where,
x = test scores
y = student-teacher ratio
The a slope of (-2.28) indicates the amount by which x will change whenever there is a change in y.
Therefore, when there is a decrease in the student teacher ratio by 2 (i.e. y = 2), we will have:
Change in x = -2.28 * 2 = -4.56
The negative sign therefore indicate that the test scores will reduce by 4.56 for every school district. Therefore, the correct option is D) reduce test scores by 4.56 for every school district.
Pretty sure its D. Hope it helps
