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
Luden [163]
3 years ago
5

Assume Hadley Co has the following purchases of inventory during the first month of operations Number of Units Cost per unit Fir

st Purchase 310 3 Second Purchase 220 4.9 Assuming Hadley sells 290 units at $11 each, what is the value of her ending inventory if she uses weighted average
Business
1 answer:
Ivanshal [37]3 years ago
8 0

Answer:

Ending inventory cost= $948

Explanation:

Giving the following information:

First Purchase=  310 units for  $3 each

Second Purchase= 220 units for $4.9 each

Units sold= 290

First, we need to calculate the weighted average cost:

Weighted average cost= (3 + 4.9)/2= $3.95

Ending inventory (units)= 240 units

Now, ending inventory cost:

Ending inventory cost= 240*3.95= $948

You might be interested in
Which of the following characteristics distinguish a multinational corporation? a. Top management is expected to take a global p
Lemur [1.5K]

Answer: The correct answer is "d. All of these".

Explanation: All are characteristics of a multinational corporation. Since a multinational company is one that is not only established in its country of origin, but also established in other countries to carry out its commercial activities both for sale and purchase and production in the countries where they have been established.

a. Top management is expected to take a global perspective. - With a global perspective we mean that the top management must develop its strategies taking into account socioeconomic factors not only of the country where they belong but of the world, since in a multinational company it could affect externalities that occur in any part of the world.

b.The corporation is controlled by a single management authority. - Despite being a multinational company, there must be only one administrative authority that allows a clearer vision of the future of the company and establishes the objectives of long, medium and short term.

C. It is managed as an integrated worldwide business system. - Being a company located in many countries to be managed in an efficient way that maximizes benefits should be managed as an integrated worldwide business system that allows obtaining relevant data for decision making.

5 0
3 years ago
Which organization was one of the five services that merged to form the current Coast Guard?
True [87]

Answer:

The modern Coast Guard was formed by a merger of the U.S. Revenue Cutter Service and the U.S. life-saving on 28 january 1915

6 0
2 years ago
Jack and Mary, a married couple, report taxable income of $280,000, which includes $200,000 from Jack's solely owned S corporati
Strike441 [17]

Answer:

$32,140

Explanation:

The QBI  on $280,000(57.3% of Taxable income)                  $160,700

Eligible Deduction of 20% on QBI                                            $32,140

4 0
3 years ago
Rajan Company's most recent balance sheet reported total assets of $2.10 million, total liabilities of $0.70 million, and total
andrew11 [14]

Answer:

0.5.

Explanation:

Assets - Liabilities = Owner's Equity.

As the name states, the debt to equity ratio is simply obtained by dividing total debt (liabilities) by the total equity, total assets should not be included:

DER = \frac{0.70}{1.40} =0.5

Rajan Company's  debt to equity ratio is 0.5.

4 0
3 years ago
Why are rules protecting private property some of the most important rules in a free market system?
Firlakuza [10]

Rules protecting private property are some of the most important rules in a free market system, because people need to own resources or assets in order to make free choices.

6 0
3 years ago
Read 2 more answers
Other questions:
  • HElP PLEEEASE!!
    15·2 answers
  • he Snella Company reports 2015 Pre-tax Net Income of $10,000. The following items exist:Premiums Paid for Key Officer Life Insur
    8·1 answer
  • Your auto insurance policy has a $200 monthly premium and $700deductible. What is the maximum amount you will have to pay out-of
    14·1 answer
  • Your boss would like your help on a marketing research project he is conducting on the relationship between the price of soda an
    12·1 answer
  • You have been using a variety of nested IF functions to calculate costs in your spreadsheet when a colleague stops by and commen
    14·1 answer
  • On October 15, 2018, a 5% stock dividend was declared and distributed. The fair value of the common stock on this date was $31.8
    8·1 answer
  • A politician, surrounded by a crowd of people, comes under gunfire. The would-be assassin is using a fully automatic firearm. A
    7·1 answer
  • Help with an opening message
    10·1 answer
  • On May 20, White Repan Service extended an offer of $108,000 for land that had been priced for sale at $140,000 On May 30 White
    7·1 answer
  • On July 8, Compusoft receives $300,000 from a customer toward a cash sale of $1.10 million for customized computer equipment to
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!