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enot [183]
3 years ago
5

A corporation uses a FIFO perpetual inventory system. August 2, 25 units were purchased at $12 per unit. August 5, 10 units were

purchased at $13 per unit. August 15, 12 units were sold at $25 per unit. August 18, 15 units were purchased at $14 per unit. What was the dollar amount of the ending inventory for the month of August?
Business
1 answer:
mamaluj [8]3 years ago
4 0

Answer:

The dollar amount of the ending inventory for the month of August is $460

Explanation:

FIFO Perpetual chart is attached.

FIFO Perpetual chart shows purchases , sales and balance of each period.

The balance at the end of August is

Units Unit Cost Total

 10              12         $120,00

 10              13          $130,00

 15              14          $210,00

Total=$460

Units 35

Download xlsx
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In the field of quality control, the science of statistics is often used to determine if a process is "out of control". Suppose
devlian [24]

Answer:

probability = 0.008

probability = 0.0256

Explanation:

we know here probability of defective is 0.2

so probability of not defective is 1 - 0.2 = 0.8

as we know 3 item is arrive off process line in succession

so The probability that an item is defective is

as P(defective) = 0.20

as all item are independent so

probability that all three items are defective is

probability = 0.20  × 0.20  × 0.20 = 0.008

and

probability that exactly 3 of next 4 are defective

so number of way that can choose 3 out of 4 is

= \frac{4!}{3! ( 4-3)!}

= 4

so as all are independent probability is

probability = ( the number of way to choose 3 out of 4 ) × ( 3 item defective ) × ( 1 item not defective )

probability = _4 C_3 × 0.2³ × ( 1- 0.2)

probability = 4 × 0.008 × 0.8

probability = 0.0256

4 0
4 years ago
A bond had a price of $1,946.61 at the beginning of the year and a price of $1,982.79 at the end of the year. The bond's par val
julsineya [31]

Answer:

The percentage return on the bond is 8.02%

Explanation:

The return on the bond comprises of the increase or decrease in bond's price plus the coupon earned by investors on the bond in the year.

The difference in market price is considered that is the amount could be sold for in the market price at that point in time.

The return on the bond is computed thus:

closing price minus opening price ($1,982.79-$1,946.61)=$36.18

plus coupon received($2000*6%)                                    =$120

total return                                                                             $156.18

% return =total return/opening price

               =$156.18/$1946.61

                =8.02%

4 0
4 years ago
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Which payment type is best if you are trying to stick to a budget?
Gala2k [10]
D.cash advance................
8 0
3 years ago
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Refer to Scenario 15.1. The campaign was so successful that Rick decided to host a special event to announce the winner. On the
Dmitry_Shevchenko [17]

Answer: Public relations

             

Explanation: Public relations is the technique of maintaining the dissemination of information deliberately between an individual or group of individuals and the citizenry.

Public relations may include a company or person that uses subjects of public interest and media articles that do not involve direct payment to be exposed to their audiences.

In The given case, Rick was intentionally using media sources for making people aware and interested towards his project. Hence we  can conclude that the given case is an example of public relations.

6 0
4 years ago
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely
MaRussiya [10]

Answer: Wholesaler

Explanation:

Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a wholesaler.

A wholesaler involves someone who buys goods from the manufacturer or producer in bulk, that is large quantities and then sell to the retailers after which the retailer then sells to the consumers

Here, Television Haven is a whilesaler while the department store is a retailer.

5 0
3 years ago
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