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gogolik [260]
3 years ago
5

A company had the following purchases and sales during its first month of operations: January 1 Purchased 10 units at $4.00 per

unit January 9 Sold 6 units at $12.00 per unit January 17 Purchased 8 units at $5.50 per unit January 27 Sold 7 units at $12.00 per unit Using the Perpetual weighted average method, what is the value of cost of goods sold? (Round weighted average costs per unit to 2 decimal places.) $40.00. $59.00. $25.00. $24.00. $23.35.
Business
1 answer:
iragen [17]3 years ago
4 0

Answer:

$59.00.

Explanation:

Because it is perpetual method we will check the inventory available at the moment of each sale.

<u />

<u>First sale:</u>

Inventory Available Jan 1st 10 units at $4

sales 6 units COGS $4 = 24

<u>Second Sale:</u>

Inventory Available Jan 1st   4 units at $4         $16

                               Jan 17th  8 units at  $5.5     $44

Total 12 untis at $60 = 60/12 = $5 per unit

sales 7 units COGS $5 = 35

Total COGS 35 + 24 = 59

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Wizard Co. purchased two machines for $250,000 each on January 2, 2005. The machines were put into use immediately. Machine A ha
faltersainse [42]

Answer:

75,000

Explanation:

The straight-linedepreciation is calculate by dividing the acquisition value over the useful life

Machine A useful life is for 5 years

250,000 / 5 years = 50,000 per year

Machine B useful life is:

2 years in development project and then 8 years in a production division

total useful life for 10 years

250,000/ 10 years = 25,000

<u>Total development expense: </u>

machine A depreciation 50,000  + machine B depreciation 25,000 = 75,000

development expense 75,000

      acc depreciation machine A   50,000

      acc depreciation machine B   25,000

4 0
3 years ago
Atom Endeavour Co. issued $21 million face amount of 4.0% bonds when market interest rates were 4.46% for bonds of similar risk
Eduardwww [97]

Answer:

A. $840,000

B. Discount

C. Annual interest expense on these bonds will be more than  the amount of interest paid each year.

Explanation:

Data

Bonds issued = $21,000,000

Coupin rate = 4.0%

Market Interest rate = 4.46%

Requirement A: Annual interest amount

Interest amount = Bonds issued x coupon rate

Interest amount = $21,000,000 x 4.0%

Interest amount = $840,000

Requirement B: Whether it is Premium or Discount?

Bonds that Atom Endeavour Co. issued are discount as you can clearly see in the data that the market rate is higher than the coupon rate. Investors who will buy these bonds surely expect a capital gain.

Requirement C:

The discount on the issue of bonds is amortized to interest expense over the life of the bond, therefore the interest expense on these bonds will be more than the amount of interest paid each year,

3 0
3 years ago
What is the distinction between​ cross-sectional data and​ time-series data?
AleksAgata [21]

Answer:

B. ​Cross-sectional data provides information about economic behavior at an instant in​ time, while​ time-series data provides information about how an economic variable behaves over time.

Explanation:

There are two types of data, transverse data and time series data. Cross-sectional data is data that exists at a single point in time. For example, data from an observational survey or sales from a firm. Time series data are data that require intertemporal analysis, such as a country's inflation and GDP data, which should be analyzed for evolution. In other words, time series data are analyzed in a manner dependent on the previous period. Current month's inflation depends on the previous month's inflation analysis.

4 0
3 years ago
As a member of a team project at​ school, you are meeting with your teammates to determine what tasks are required to complete t
grigory [225]
To keep the team on​ schedule, you propose that members use a​ LOG so the project will be completed on time.
4 0
3 years ago
Your local toy store just announced that it will pay a $4 dividend next year, $3 the following year, and then a final liquidatin
topjm [15]

Answer:

It would sell for 761.49 dollars

Explanation:

Generally, stock prices are determined on stock market based on supply and demand mechanism. However, according to the discount dividend model present value of stock could be calculated as dividend per share/(cost of capital equity-growth rate). Growth rate between year 1 and 2 is 3-4/4 equals to -0.25%. From year 2 until year 3 it is 46-3/3 equals to 14.33%. Now we can take arithmetic average of these two and we get 7.04%( 14.33-0.25/2). Finally share could sell today for 46+3+4/(14-7.04%) equals to 761.49 dollars

8 0
3 years ago
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