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
konstantin123 [22]
3 years ago
13

Wildhorse Co. uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:

Business
1 answer:
OLEGan [10]3 years ago
6 0

Answer:

Ending inventory=  $1514

Explanation:

Giving the following information:

Beginning inventory: 320u*$5.00= $1600

Purchase, (1/15/2017)= 160u*5.70= $912

Purchase, (1/28/2017)= 160u*5.90= $944

Ending inventory= 260u

The company uses FIFO (first in, first out).

What is the value of ending inventory?

Ending inventory= 160u*5.90 + 100u*5.70= $1514

You might be interested in
Identify each of the following organizational characteristics with the business organizational form or forms with which it is as
Softa [21]

Answer:

The correct answers are: (a) Corporation; (b) Corporation; (c) Sole Proprietorship; (d) Sole Proprietorship and Partnership; (e) Corporation.

Explanation:

A series of associated characteristics are identified, according to the Missouri Small Business and Technology Development Centers. Depending on the structure of the organization, it is divided into Sole Proprietorship, Partnerships, Corporations. For example, a corporation is a company, a group of people or an organization authorized to operate as a single entity (legal entity).

Registered corporations have legal personality and the owners are the shareholders, whose legal responsibility is limited to their investment. Generally the shareholders do not manage the corporation, it is common that they choose a board of directors to control the operations.

------

NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

3 0
3 years ago
A collaborative selling environment makes the sales pitch more challenging for salespeople.
Lapatulllka [165]

Answer: True

Explanation:

Collaborative selling has to do with the collaboration and interaction between the customers and the salespersons.

A collaborative selling environment makes the sales pitch more challenging for salespeople. Working together in this case requires patience and problem solving skilss and this ultimately leads to more success, enhance customers satisfaction and also leads to achievement of organizational goals.

6 0
3 years ago
Gail Co. has determined the cost of its 12/31/Year 1 inventory on a moving-average basis to be $200,000. Information pertaining
sineoko [7]

Answer:

C) $0

Explanation:

Gail determined that its inventory's worth by using the lower of cost or net realizable value (NRV). All the inventory accounting methods use this valuation method except LIFO or retail.

In this case the NRV of the inventory is the selling price minus selling costs = $215,000 - $10,000 = $205,000, but the inventory's cost is already lower since the average cost is only $200,000. Therefore the inventory's value is reported at its cost, so there is no reason why a write-down should be recognized.

6 0
3 years ago
Which of the following would violate the efficient market hypothesis?
jeyben [28]

The efficient market theory would be violated if investors earned extraordinary returns months after a company announced unexpected profits. Thus, the correct option is (d.) Investors earn abnormal returns months after a firm announces surprise earnings.

<h3>What exactly is the hypothesis of an efficient market?</h3>

The efficient-market hypothesis is a financial economics concept that asserts asset prices represent all available information. Because market prices should only react to fresh information, it is impossible to continually "beat the market" on a risk-adjusted basis.

Because the EMH is expressed in terms of risk adjustment, it can only offer testable predictions when combined with a specific risk model. As a result, financial economics research has focused on market anomalies, or departures from specified risk models, since at least the 1990s.

To learn more about Efficient-market hypothesis, click

brainly.com/question/28529377

#SPJ4

4 0
1 year ago
Main cause fir collision 2 words
fomenos
Are you talking about car collision? If you are the answer would be drunk driving and/or distracted driving which both fall under the same category.
5 0
3 years ago
Other questions:
  • For which of the following businesses would a process cost system be appropriate? a.custom furniture manufacturer b.boat repair
    5·1 answer
  • Lenders always accept applications for credit.<br><br> True<br> False
    10·2 answers
  • When a firm is coordinating the flow of all goods, services and information among channel members, and throughout the channel, i
    12·1 answer
  • You deposit $5,000 in an account earning 5% interest compounded semi-annually for 2 years and 7% interest compounded quarterly t
    9·1 answer
  • Sal was recently promoted at work and was having a difficult time with several staff members who seemed to just do the work the
    13·1 answer
  • The availability of the product processed, prepared, in proper condition, and/or ready to use is referred to as:
    11·1 answer
  • A pizza company that was entering the Denver market for the first time ran a promotion offering two pizzas for the price of one
    12·1 answer
  • New Harvest Bakery acquired all the outstanding common stock of Red Rock Bakery for $70,300 in cash. The book values and market
    11·1 answer
  • Lauren could tell something was not right. She has always thought that sales representatives were always pleasant to the custome
    10·1 answer
  • In Mynex Company completes Job No. 26 at a cost of $4,500 and later sells it for $7,000 cash. A correct entry is:________.a. deb
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!