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
prohojiy [21]
3 years ago
15

Coachlight Inc. has a periodic inventory system. The company purchased 205 units of inventory at $9.50 per unit and 310 units at

$10.50 per unit. What is the weighted average unit cost for these purchases of inventory? (Round your final answer to two decimal places.)
Business
1 answer:
lukranit [14]3 years ago
5 0

Answer:

Weighted average cost per unit = $10.10

Explanation:

We know,

Under weighted average unit cost, the cost for purchased inventory = Total inventory costs ÷ total inventory in units

Given,

Total inventory in units = 205 + 310 = 515 units

Total inventory costs = (205 units × $9.50) + (310 units × $10.50)

= $1,947.50 + $3,255 = $5,202.50

Therefore,

Weighted average cost per unit = $5,202.50 ÷ 515 units

Weighted average cost per unit = $10.10

Therefore, the company will use this cost per unit to determine cost of goods sold and ending inventory.

You might be interested in
Briefly describe a customer experience you have personally encountered where you were unsatisfactory when you purchased a good.
sattari [20]

Answer: Faulty Mother board ordered on AliExpress

Explanation:

A while back my Laptop developEd power issues wasn’t turning on, took it down to the technician who told me it had board issues as it wasn’t responsive. And the only solution was me getting a new mother board. Well i ended up ordering the board from Abroad on Aliexpress the board arrived damaged Was bent all efforts to get a refund or a replacement was proving difficult as the seller and AliExpress were hell bent on frustrating me. At the end was refunded but that was like over a month was one hell of an experience.

6 0
3 years ago
When a country has a comparative advantage in producing a certain good, a. the country should import that good. b. the country s
dedylja [7]

Answer:

None of the option is correct.

Explanation:

Principle of comparative advantage states that a country has a comparative advantage in producing a certain goods if the opportunity cost of producing those goods is lower than the other country. A country is exporting a commodity in which it has a comparative advantage and importing a commodity in which it has a comparative disadvantage.

7 0
3 years ago
Suppose there are 75 million people in the labor force. The labor force participation rate is 60% and the unemployment rate is 8
max2010maxim [7]

Answer:

a). The number of people in the working age population=125 million

b). The number of people who are part of the working-age population but not part of the labor force=50 million

c). The number of unemployed workers=6 million

d). The number of unemployed workers=69 million

Explanation:

a).

The labor force is the total number of people who are employed and also the unemployed who are looking for work.

The labor participation rate is a percentage expressed as;

Labor participation rate=(total number of employed+unemployed looking for work)/Total number in working age population

where;

total number of employed and unemployed looking for work=75 million

labor participation rate=60%

total number in working age population=p

replacing;

(60/100)=75 million/p

60 p=75 million×100

p=75 million×100/60

p=125 million

The number of people in the working age population=125 million

b). Working age population but not labor force=Total working age population-labor force

=(125-75)=50 million

The number of people who are part of the working-age population but not part of the labor force=50 million

c). Unemployment rate=(number of unemployed persons/labor force)×100

where;

number of unemployed persons=x

Unemployment rate=8%

labor force=75 million

replacing;

8/100=x/75 million

x=75 million×8/100=6 million

The number of unemployed workers=6 million

d). Labor force=number of employed workers+number of unemployed workers

where;

labor force=75 million

number of employed workers=y

number of unemployed workers=6 million

replacing;

75 million=y+6 million

y=(75-6) million

y=69 million

The number of unemployed workers=69 million

5 0
2 years ago
Roman loves corn bread. He buys corn meal and wheat flour in order to make corn bread. His recipe calls for two cups of corn mea
ale4655 [162]

Answer:

(B) U(c,f)=min{2c,f}

Explanation:

This is an example of Leontif utility function which states that the preferences of a consumer is to a constant ratio of quantities of two or more goods in his demand bundles and having an extra unit of a single good will not increase the utility of the consumer and will make the extra unit to waste. But having more units of all the goods in the demand bundle which maintain the constant ratio will increase the utility of the consumer.

A good example usually used in economics is that of a pair of shoe. Having one right and one left of a type of shoe gives a consumer utility at a constant ratio of 1:1, and increasing each leg by multiple of one at every point in time will increase the utility of the consumer, while increasing just only one makes the utility not to change. For instance, having only two left shoe will not give the consumer any utility and make both the left shoe useless.

In the question, the ratio of cups of corn meal, denoted by c, and cups of flour, denoted by f, is 2:1. This implies that to increase the utility of the consumer, c has to increase by a multiple of 2 at every point in time while f has to increase by one at the same point in time to maintain the constant ratio of 2:1. Increasing only c by 2 or only f by 1 will maintain the constant ratio and it will lead to a waste of the increased unit of the affected commodity.

Therefore, option (B) U(c,f)=min{2c,f} is the correct answer that gives a constant ratio of 2:1 = 2c:f.

I wish you the best.

7 0
3 years ago
What effect might use of outdated or incorrect information have on a business?
Viefleur [7K]

Answer:

it could misslead or make there buisness fail

Explanation:

7 0
3 years ago
Other questions:
  • The discovery of a large oil deposit off a nation's shores would be what type if economic variable?
    13·2 answers
  • Each time a politician or celebrity writes a book, bookstores can expect at least some customers to want the book, but whether o
    8·1 answer
  • Which slogan is an example of corporate advertising rather than brand advertising?
    5·1 answer
  • Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
    11·1 answer
  • Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow f
    12·1 answer
  • Diego has been hired as a consultant to review a company’s contracting and purchasing procedures. He began by reviewing recent c
    7·1 answer
  • Which of the following represents an opportunity for generating a new product?
    5·1 answer
  • if there was a shirt that looks identical but came out in two different seasons how do you explain the price difference to the c
    5·1 answer
  • Beatrice invests $1,410 in an account that pays 3 percent simple interest. How much more could she have earned over a 4-year per
    13·1 answer
  • Khi nào bán hết 1 tỷ gói mè
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!