The gross profit for the period would be $81.
<h3>What is FIFO?</h3>
According to the accounting principle known as first in, first out (FIFO), assets that are bought or acquired first are also the first to be sold. According to FIFO, the inventory still on hand is made up of products that were bought last.
Given that, the company made the first purchase at $62; second purchase at $69, and third purchase at $60.The company sold two units for a total of $212 and used FIFO costing.
Cost price of first two items = $62 + $69
= $131
The company sold two units at $212
Gross profit = $212 - $131
= $81
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Answer:
Price of stock = $55.08
Explanation:
The price of a stock is the present value of the future dividends discounted at the required rate of return.
P = D/(r-g)
<em>P-price of stock today, D- Dividend in year's time, r- required rate of return,</em>
<em>g- growth rate in dividend</em>
Using the following parameters:
P =?, r- 11%, g- 5.1%
P = 3.25/(0.11-0.051)
P = 55.08474576
Price of stock = $55.08
The answer to this is microprocessors. Hope this helps :D
Answer:
The correct answer is C
Explanation:
The Tort law is the area of law which allows an individual or a person to sue the another person or the company due to the harm or the injury suffered by an individual or person. In this, the person obtain compensation for losses occurred or caused by the person who will be called as defendant.
So, the most common and usual remedies are injunctions and the money damages.
Many of today's automobiles come daytime running lights equipped with automatic.
<h3>
What is daytime running lights ?</h3>
- Daytime running lights are used to increase a vehicle's visibility during the day and warn other motorists when/if they are in their blind spot.
- This increases visibility and safety.
- This feature is very helpful for motorcycle safety because daytime running lights make motorcycles more visible.
- After you turn on your automobile, if the DRL warning light is still on, your headlights may have a bad bulb or a bad circuit.
- During the day, most drivers turn their headlights off. A DRL enhances road safety by helping drivers see other vehicles quickly.
When did DRL become mandatory?
- Since 2011, all new vehicles and small vans sold in the EU have been legally required to have DRLs installed in the front.
- Although some manufacturers opt to install them there as well, it is not obligatory.
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