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
djyliett [7]
3 years ago
5

Davidson Electronics has the following: Units Unit Cost Inventory, Jan. 1 5,000 $ 8 Purchase, April 2 15,000 10 Purchase, Aug. 2

8 20,000 12 If Davidson has 7,000 units on hand at December 31, the cost of ending inventory under the average-cost method is ______
Business
1 answer:
arlik [135]3 years ago
4 0

Answer:

$71,400

Explanation:

Average cost method uses a simple average of all items as follows:

Total cost = (15000 x 8) + (15000x 10) + (20000 X 12) = $510,000

Total inventory = 15000+15000+20000 =50,000

Average cost  = total cost  / total inventory = 510000/50000

= $10.2

Cost of ending inventory =  7000 units x $10.2 = $71400

You might be interested in
The daily profit p in dollars of a company making tables is described by the function upper p left parenthesis x right parenthes
Assoli18 [71]

The following equation of parabola is given:

p(x)= - 5 x^2 + 240 x - 2475

where p(x) = y

This is a standard form of the parabola. We need to convert this into vertex form of equation. The equation must be in the form:

y – k = a (x – h)^2

Where h and k are the vertex of the parabola. Therefore,

y = - 5 x^2 + 240 x - 2475

y = -5 (x^2 – 48 x + 495)

Completing the square:

y = -5 (x^2 - 48 x + 495 + _) - (-5)* _

Where the value in the blank _ is = -b/2

Since b = -48        therefore,

y = -5 (x^2 – 48 x + 495 + 81) + 405

y – 405 = -5 (x^2 – 48 x + 576)

y – 405 = -5 (x – 24)^2

Therefore the vertex is at points (24, 405).

The company should make 24 tables per day to attain maximum profit.

4 0
3 years ago
Determine the future value of $21,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1,
Marat540 [252]

Answer:

(a) $43,656.90

(b) $33,698.70

(c) $43,967.70

Explanation:

Future Value of annuity shall be:

(a) 10% for 8 years, Semiannually compounded

In this since the interest is compounded semiannually, the effective interest rate = 10/2 = 5%

Future Value of $1 in 8 years with 10% interest compounded semiannually = 2.0789

Value of $21,000 = $21,000 \times 2.0789 = $43,656.90

(b) 12% for 4 years, Quarterly Compounded

In this since the interest is compounded quarterly, that is 4 times in a year, effective interest rate = 12/4 = 3%

Future value of $1 in 4 years with 12% interest compounded quarterly = 1.6047

Value of $21,000 = $21,000 \times 1.6047 = $33,698.70

(c) 36% 25 months, Monthly

In this since the interest is compounded monthly effective interest rate = 36/12 = 3%

Therefore, Future Value of $1 in 25 months @36% compounded monthly = $2.0937

Value of $21,000 = $21,000 \times 2.0937 = $43,967.70

7 0
3 years ago
For 2012, Everyday Electronics reported $22.5 million on sales and $18 million of operating costs (including depreciation). The
sammy [17]

Answer:

$1,575,000

Explanation:

Net operating profit before taxes:

= Sales - operating costs

= $22,500,000 - $18,000,000

= $4,500,000

Net operating profit after taxes:

= Net operating profit before taxes - Taxes

= $4,500,000 - ($4,500,000 × 0.35)

= $4,500,000 - $1,575,000

= $2,925,000

Economic Value Added:

= Net Operating Profit After Taxes - (Operating Capital × Weighted Average Cost of Capital)

= $2,925,000 - (15,000,000 × 9%)

= $2,925,000 - $1,350,000

= $1,575,000

3 0
3 years ago
Mcmurtry corporation sells a product for $180 per unit. the product's current sales are 12,900 units and its break-even sales ar
Sedaia [141]

14%

Margin of Safety:

[(current sales - break even)/current sales] * 100

(12900-11094)/12900] *100

(1806/12900)*100

.14*100 = 14%

6 0
3 years ago
Assume starbucks increased its spending on advertising by 35 percent to increase sales in its current markets. Which growth stra
poizon [28]

We can see here that if we assume that Starbucks increased its spending on advertising by 35 percent to increase sales in its current markets. The growth strategy this​ represents is: (d) Market penetration.

<h3>What is market penetration?</h3>

Market penetration actually refers to the success recorded by an organization or company in the selling of their goods and services to a specific market. Sales volume of the existing goods or services is actually used to measure market penetration.

The options that complete the question are:

(a) Market development

(b) Divesting

(c) Diversification

(d) Market penetration

(e) Product development

Thus, if Starbucks was able to increase its spending on advertising by 35 percent in order to increase sales in its current markets, then they had market penetration.

Learn more about market penetration on brainly.com/question/1172265

#SPJ1

5 0
2 years ago
Other questions:
  • A company has the following loan activity—Additional loan from bank: $19,000; Ending cash
    14·1 answer
  • A hurricane destroys 50% of the nation's oil refining capability. aggregate supply will
    6·1 answer
  • For the year ended December 31, 2015, Lopez Company has implemented an employee bonus program equal to 3% of Lopez’s net income,
    7·1 answer
  • An investment adviser has a soft dollar arrangement with DEF Brokerage Company. An investment adviser representative brings a bi
    8·1 answer
  • Which of the statements below is FALSE?
    15·1 answer
  • Consider the economies of Gobbledigook and Hermes, both of which produce agricultural products using only land and labor. The fo
    6·1 answer
  • Complete the following passage concerning macro economics.
    9·1 answer
  • Ken just purchased new furniture for his house at a cost of $16,700. The loan calls for weekly payments for the next 6 years at
    11·1 answer
  • At what age can you start working?
    10·2 answers
  • How would non repayment of loan affect the economy of the country?​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!