1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LuckyWell [14K]
3 years ago
14

Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1

Beginning Inventory 265 $ 153 6/5 Purchase 465 $ 173 11/10 Purchase 165 $ 213 During the year, Maxim sold 530 units. What is cost of goods sold using the average cost method? (Do not round intermediate computations.)
Business
1 answer:
Setler [38]3 years ago
7 0

Answer:

Cost of goods sold as per average cost method = $92,458.5

Explanation:

As for the information provided as follows:

Opening Inventory             265 units     @         $153 each      = $40,545

Purchase                             465 units     @         $173 each      = $80,445

Purchase                             165  units     @         $213 each      = $35,145

Total data                            895 units                                        = $156,135

Average cost per unit = $156,135/895 = $174.45

In average cost method simple average is performed, whereas in weighted average weights are assigned.

Sale is of 530 units

Cost of goods sold as per average cost method = $174.45 \times 530 = $92,458.5  

You might be interested in
The U.S. Treasury has Kleine Toymakers is introducing a new line of robotic toys, which it expects to grow their earnings at a m
nevsk [136]

Answer:

The present  value of the dividends to be paid out over the next six years if the required rate of return is 15 percent is $6.57

Explanation:

Solution:

Given that

The present value =∑ ⁿ t=1 cf/ (1 +r)t

where cf= cash flow

r =the required rate of return

t = the number of years

Now

The present value will be:

cf₁/(1+r)^1 + cf₂/(1 +)^2 + cf₃/(1+r)3 + cf₄/(1 +r)^4) + cf₅/(1 +r)^5 + cf₆/(1+r)^6

Hence,

cf₁, cf₂ cf₃ = 0 as the firm does not expect to pay dividend in the next three years

Note: Kindly find an attached document of the part of the solution to this given question

6 0
3 years ago
Different beverages may be absorbed a slightly different rates because of _________?
pochemuha
The drinks chemical Makeup
6 0
3 years ago
Read 2 more answers
3. What advantages will Dr. Olsen's responsibility as manager of Physician and Patient Services provide to your project
vlada-n [284]

Answer:

The potential benefits of this type of situation are articulated below.

Explanation:

  • This could help throughout the knowledge of quality health services or could update new policies and procedures on health organizations that will be of benefit to something like the construction process.
  • Might well encourage you to understand how to manage financial affairs. What about an offer to customers, expenses, and so on.

6 0
3 years ago
What responsibilities does the team leader have in a collaborative project such as designing a formal report
rodikova [14]

Answer and explanation:

Leaders are always the ones who direct teams into achieving the collective goals the group has set. On writing a formal report, the leader must identify the members capable of gathering precise data that will support the report ideas. After that information is collected, the first draft must be written with the conclusions all the team members came up with. Then, the final report must be elaborated with the approval of most parts of the team to finally handle the report to the leader so he or she can present it.

6 0
3 years ago
Read 2 more answers
Ambassador Corp. sells household cleaners producing a revenue stream that has remained unchanged in the last few years. The firm
My name is Ann [436]

Answer:

$7.50

Explanation:

According to the scenario, computation of the given data are as follows,

Price of stock = $46.88

Required rate = 16%

So, we can calculate the dividend by using following formula,

Dividend = Price of stock  × Required rate

By putting the value, we get

Dividend = $46.88 × 16%

= $7.50

Hence, dividend paid by this company is $7.50.

7 0
3 years ago
Other questions:
  • The wireone company manufactures high-quality coated electrical wire in two departments, weaving and coating. materials are intr
    11·1 answer
  • Monopolistic competition is characterized by excess capacity because: firms are always profitable in the long run firms charge a
    12·1 answer
  • A local bank pays 100% of its earnings out in dividends. If earnings continue to grow at 2% per year and the most recent annual
    13·1 answer
  • Sharon Tate has a mutual fund and she has all dividend income and capital gains income used to purchase additional shares in her
    11·2 answers
  • 54) Marika is a senior journalist at a news agency. She goes on a temporary leave for six months and travels around different pa
    6·1 answer
  • When using _____, the seller pays all or part of the actual shipment charges and does not pass them on to the buyer.
    9·2 answers
  • Kristen Lu purchased a used automobile for $16,750 at the beginning of last year and incurred the following operating costs:
    7·1 answer
  • The Tuck Shop began the current month with inventory costing $10,000, then purchased inventory at a cost of $35,000. The perpetu
    13·1 answer
  • Metlock Windows manufactures and sells custom storm windows for three-season porches. Metlock also provides installation service
    12·1 answer
  • A decrease in the price of toothpaste in a tube can lead to a decrease in the purchase of toothpaste in a pump. This means:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!