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guapka [62]
3 years ago
9

A company has beginning inventory of 10 units at a cost of $10 each on February 1. On February 3, it purchases 20 units at $12 e

ach. 12 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 12 units that are sold?
a) $120
b) $124
c) $128
d) $130
e )$140
Business
1 answer:
Gre4nikov [31]3 years ago
7 0

Answer:

b) $124

Explanation:

FIFO means first in, first out. Under this principle, goods that were purchased or produced earlier will be the first ones on sale.

The value of the goods sold in our case will be as follows.

The first ten items   @ $10: 10X10 =$100

Two items to make   [email protected] $12: 2x12=$24

 

Total cost: $100+$24= $124

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If the price level increases by 0.2 percent for every $100 billion increase in the money supply, by how much might prices rise i
Gala2k [10]

Answer:

3%

Explanation:

Increase in money supply ($ billion) = Increase in reserves / Reserve ratio

Increase in money supply ($ billion) = 150 / 0.1

Increase in money supply ($ billion) = 1,500

Increase in price level = (Increase in money supply / 100) * 0.2

Increase in price level = (1,500/100) * 0.2

Increase in price level = 3%

8 0
3 years ago
Johnson and Johnson targeted the adult market with its baby powder and shampoo. In _____, Johnson and Johnson increased the cons
andrey2020 [161]

In <u>modifying the market</u>, Johnson and Johnson increased the consumption of the current product.

<h3>What is market modification?</h3>

Market mofification can be defined as the way in the a manufaturer  target the market so as to attract potentials customers.

Most producer tend to make use of  market modication as a marketing strategy so as to have more advantage over other competitors by reaching their competitors  customers and to as well increase sales.

Therefore in <u>modifying the market</u>, Johnson and Johnson increased the consumption of the current product.

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5 0
2 years ago
Luxguard Home Paint Company produces exterior latex paint, which it sells in one-gallon containers. The company has two processi
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The cost of ending work in process inventories and of units transferred out of the Base Fab Department in April is  $851,00  and $999,000and  $1850,000

The calculation of this question and working of solutions is in tabular form which is attached to this answer.

What is Cost?

The cost is of two types - Variable and Fixed . Variable costs exchange based on the amount of output produced. Variable costs may include labor, commissions, and raw materials. constant costs continue to be the same no matter production output. fixed charges may additionally include hire and rental bills, coverage, and interest payments.

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5 0
2 years ago
If competitors can copy or match the products and services the firm offers, it will be difficult to develop a sustainable compet
balu736 [363]

Answer:

resources that are valuable, rare, costly to imitate, and non-substitutable

Explanation:

If competitors can copy or match the products and services the firm offers, it will be difficult to develop a sustainable competitive advantage through product excellence. A firm can, however, develop an advantage through product excellence with resources that are valuable, rare, costly to imitate, and non-substitutable

Apart from product excellence, Intangible assets that have no physical presence like Brand reputation, trademarks and intellectual property are all intangible assets unlike physical resources, cannot buy from the market by other competitors. They are developed within a company and constitute the source of sustainable competitive advantage.  

In particular, the resources that generate competitive advantage are those that possess the VRIO characteristics,which implies that they are  

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Rare, hence there will be no competitive parity

Imitate, - are costly and difficult to imitate hence they cannot be copied

Organised to Capture Value - which means they are non-substitutable.

4 0
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natta225 [31]
First, it is an example of POOR MANAGEMENT. The whole scenario is an example of sexual harassment.
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3 0
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