Answer:
the average cost per unit that should be used to determine the cost of the units sold on January 28 is $ 59.00
Explanation:
The Weighted Average Cost Method calculates the new cost of Inventory with each purchase of Inventory.
The Perpetual Inventory System records the cost of inventory sold with each sale made.
<u>Calculation of the new cost of Inventory with each purchase of Inventory :</u>
January 10:
Cost per Unit = Total Cost / Total Number of Units
Cost per Unit = (( 600 units × $55 per unit ) + ( 1000 units × $59 per unit )) / 1600 units
= $ 57.50
January 20:
Cost per Unit = Total Cost / Total Number of Units
Cost per Unit = (( 1600 units × $57.50 per unit ) + ( 800 units × $62 per unit )) / 2400 units
= $ 59.00
There were no further purchases from this point
Thus cost per units remains at $ 59.00
Therefore the average cost per unit that should be used to determine the cost of the units sold on January 28 is $ 59.00
Answer:
Tom is responsible for his negligence.
Explanation:
Tom was a flower delivery so he should have a valid driving license. The florist was on his delivery route and he just stopped to take a water bottle. Since he might be in hurry as flowers are perishable and it is responsibility of the delivery man to deliver the flowers fresh to its customers. He took an illegal turn in hurry and hit the motorcycle. The motorcyclist can claim the repair expense from tom since it is his negligence.
Answer:
c) Debt of $20 million and assets of $570 million
Explanation:
Line of credit increases liability in a company's Balance sheet only when it is used. Thus, PBC (Peanut Butter & Chocolate) Company will have debt of $20 Million and Assets of $570 Million
Answer:
true
Explanation:
Based on the information provided within the question it can be said that the statement being made is completely true. Like mentioned in the statement, in an oligopoly the few BIG sellers in a market have complete control over the price. In this scenario Toyota, Ford and GM are the big sellers and when one adjusts their prices the other tend to adjust their prices accordingly in order to not lose their customers to the competition.
