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dexar [7]
3 years ago
5

Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $39,000 in inventory. During t

he quarter the company purchases $9,250 of new inventory from a vendor, return $850 of inventory to the vendor, and took advantage of discounts from the vendor of $290. At the end of the quarter the balance in inventory is $31,000.
Required:
1. What is the cost of goods sold?
A. $17,250B. $17,750C. $8,000D. $16,110
Business
1 answer:
vladimir2022 [97]3 years ago
4 0
D. 16,110

39,000+9,250=48,250
48,250-(850+290)=47,110
47,110-31,000=16,110
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Answer:

Explanation:

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b) Maximum inventory ( I - max) = (Q/p) (p-d) = (2338/655)(655-80) = 3.5695 x 575 = 2052.46 or rounded off to 2052 units

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5 0
2 years ago
Chris made a $6925 purchase on his credit card that has an annual interest rate of 18% that compounds continuously. If he does n
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Answer:

$11,883.35

Explanation:

The formula for calculating continuous compounding is given below

F=p*e^it

In this question:

F=future value of the amount borrowed today=?

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t=number of years=3 in this case

F=6,925*e^18%*3

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Answer:

yes

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If you have to buy it yourself you will have the risk of losing hard earned money, so you end up conteplating weather you really want it.

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The answer to this question is letter B. expense ratio.
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