Why do market fail? <br> A) merit good <br> B) storage<br> C) misusing the powers

Wolfe Company had the following beginning inventory and purchases during 2018 Date Transaction Number of units Unit Cost 1/1 Beg

forsale [732]

Answer:

Wolfe Company

The amount of:

LIFO FIFO Weighted Average

Ending inventory $50,500 $65,100 $58,005

Cost of goods sold $113,200 $98,600 $105,698

Explanation:

a) Data and Calculations:

Date Transaction Number of units Unit Cost Cost Value

1/1 Beginning inventory 2,000 $22.00 $44,000

4/12 Purchase No. 1 2,300 $26.00 59,800

7/11 Purchase No. 2 800 $28.00 22,400

10/5 Purchase No. 3 1,250 $30.00 37,500

Total inventory available 6,350 $163,700

Wolfe sold 4,100

Ending Inventory 2,250

LIFO

Ending Inventory = $50,500 (250 * $26 + 2,000 * $22)

Cost of goods sold:

4/12 Purchase No. 1 2,050 $26.00 53,300

7/11 Purchase No. 2 800 $28.00 22,400

10/5 Purchase No. 3 1,250 $30.00 37,500

Total cost of goods sold = 4,100 $113,200

FIFO:

Ending Inventory = Cost of goods available for sale - Cost of goods sold

= $65,100 ($163,700 - $98,600)

Cost of goods sold:

1/1 Beginning inventory 2,000 $22.00 $44,000

4/12 Purchase No. 1 2,100 $26.00 54,600

Total cost of goods sold = $98,600

Weighted average:

Weighted average cost = $25.78 ($163,700/6,350)

Ending inventory = $58,005 (2,250 * $25.78)

Cost of goods sold = $105,698 (4,100 * $25.78)

4 0

3 years ago

One year ago, Alpha Supply issued 15-year bonds at par. The bonds have a coupon rate of 6.5 percent, paid semiannually, and a fa

Masja [62]

Answer:

option (C) - 6.11%

Explanation:

Data provided :

Coupon rate one year ago = 6.5% = 0.065

Semiannual coupon rate = $\frac{0.065}{2}$ = 0.0325

Face value = $1,000

Present market yield = 7.2% = 0.072

Semiannual Present market yield, r = $\frac{0.072}{2}$ = 0.036

Now,

With semiannual coupon rate bond price one year ago, C

= 0.0325 × $1,000

= $32.5

Total period in 15 years = 15 year - 1 year = 14 year

or

n = 14 × 2 = 28 semiannual periods

Therefore,

The present value = $C\times[\frac{(1-(1+r)^{-n})}{r}]+FV(1+r)^{-n}$

= $\$32.5\times[\frac{(1-(1+0.036)^{-28})}{0.036}]+\$1,000\times(1+0.036)^{-28}$

or

= $32.5 × 17.4591 + $1,000 × 0.37147

= $567.42 + $371.47

= $938.89

Hence,

The percent change in bond price = $\frac{\textup{Final price - Initial price}}{\textup{Initial price}}\times100\%$

= $\frac{\textup{938.89-1,000}}{\textup{1,000}}$

= - 6.11%

therefore,

the correct answer is option (C) - 6.11%

4 0

3 years ago

Upply and demand

Gennadij [26K]

C.

When a product is overstocked, owners will usually price the product less so that it will sell out more quickly.

3 0

3 years ago

Which term can be defined as the net income that a firm reinvests in itself?

KengaRu [80]

Answer:

retention ratio

Explanation:

Retention ration is the portion of net income retained by a firm to grow its business rather than being declared and paid as dividened.

When a company makes profit at the end of financial period, the company can either retain part of its earning for business expansion, declare part as dividends paid to shareholder or combine both.

Where a firm now reinvest the portion of the profit earned in itself, it is called retention ratio.

6 0

3 years ago

2022 altima’s xtronic cvt includes adaptive ratio control, which ________.

Flura [38]

Considering the automobile analysis, the 2022 Altima's X-Tronic CVT includes adaptive ratio control, which "<u>varies transmission response depending on the driving situation."</u>

<h3>The 2022 Altima's X-Tronic CVT </h3>

2022 Altima's X-Tronic CVT is one of the latest brand vehicles made by the Nissan manufacturer. The vehicle is finely designed to give users modern features and functions.

The 2022 Altima's X-Tronic CVT comes with adaptive ratio control, which "<u>varies transmission response depending on the driving situation</u>, "enhancing the ease of navigation system when driving through the road.

Hence, in this case, it is concluded that the correct answer is "<u>varies transmission response depending on the driving situation."</u>

Learn more about automobile features here: brainly.com/question/25981194

4 0

3 years ago

Why do market fail? A) merit good B) storage C) misusing the powers