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
quizlit Businesses finance their operations using a mixture of ______. debt, such as issuing bonds, and equity, such as issuing
Blababa [14]

Answer:

The correct answer is debt, such as issuing bonds, and equity, such as issuing stock.

Explanation:

Any of the capitals mentioned in each company has an exact measure, its deficit or excess are difficult situations that make the difference between losing or successful companies. Although when talking about financial resources, the desired situation is that they exceed the needs of the company, it is also true that if they exceed prudent levels, they fail to comply with a primary mandate of the business world: profitability, generate maximum profits with the least amount possible of assets or capital.

The sources of financing can be internal or external and at the same time have a link in the form of capital contributions or in the form of debt. Inmates refer to the ability to generate retained earnings and / or cash flows that can be reinvested in growth processes. In many cases the internal cash generation does not run at the same speed of the growth processes, this happens when the surpluses only partially cover what is required to leverage the expansion. In these cases, internal sources via capital are considered. On the other hand, the company can also resort to internal sources via labor liabilities or through provisions, which have a behavior by debt modality.

3 0
4 years ago
A good investment should do one or both of which two things? A. Grow in value or produce income B. Raise prices or increase dema
cluponka [151]
A. Grow in value or produce income
8 0
3 years ago
Read 2 more answers
Henry Hacker, a professional golfer who was having trouble with his driver, decided to skip the next two tournaments on the PGA
goblinko [34]

Answer:

The earnings foregone by skipping the two tournaments on the PGA tour is cost of opportunity

Explanation: The cost of opportunity of an economic decision that has several alternatives is the value of the best unrealized option. In other words, it refers to what a business stops earning, when choosing an alternative among several available. In this case are the prizes the golf player lost for not playing the tournments.

5 0
4 years ago
You are thinking of building a new machine that will save you $ 1 comma 000 in the first year. The machine will then begin to we
Lorico [155]

Answer:

Present Value= $14,285.71

Explanation:

Giving the following information:

You are thinking of building a new machine that will save you $1,000 in the first year.

The machine will then begin to wear out so that the savings decline at a rate of 2 % per year forever.

Interest rate= 5%

We need to use the formula of a perpetual annuity. Because of the wear out, we need to sum it to the interest rate the 2%

PV= Cf/(i-wear put)

PV= 1,000 / (0.05 + 0.02)= $14,285.71

6 0
4 years ago
Use the following 10% interest factors. Present Value of Ordinary Annuity Future Value of Ordinary Annuity 7 periods 4.86842 9.4
katen-ka-za [31]

Answer:

The cost of the machine will be $85,358.88‬

Explanation:

To calculate the present value of the machine is given by:

Present value=$16000*Present value of annuity factor(10%,8)

=$16000*5.33493

= $85,358.88‬

5 0
3 years ago
Other questions:
  • Davidson international has 13,700 shares of stock outstanding at a price per share of $28. the firm has decided to repurchase 50
    5·1 answer
  • Justin is a manager at InnoApp Inc., a web-based applications company. In an attempt to promote new ideas, Justin decides to all
    6·2 answers
  • To include the personal assets and transactions of a business's owner in the records and reports of the business would be in con
    13·1 answer
  • A team of scientists and dentists collaborates to develop a toothpaste that can instantly whiten teeth. A meeting is held so tha
    9·1 answer
  • The Gabbana Company’s maintenance costs are a mixed cost. At the low level of activity (40 direct labor hours), maintenance cost
    8·1 answer
  • The adjusted trial balance of Pacific Scientific Corporation on December 31, 2021, the end of the company's fiscal year, contain
    11·1 answer
  • The price of good x has a pattern such that p = $3 on monday through thursday of every week, and p = $2 on fridays. if speculato
    5·1 answer
  • Careers of the future are easy to predict.<br> False or true
    12·2 answers
  • How is the annual percentage rate (APR) on a loan different
    14·1 answer
  • What would be the answer for part b?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!