Answer:
Instructions are listed below.
Explanation:
Giving the following information:
For specific identification, ending inventory consists of 390 units, where 370 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
We weren't provided with enough information to answer the requirement. But, I can give you the answer using simulated numbers.
<u>Under specific identification, the company calculates the ending inventory and cost of goods sold with the exact units that were sold or remain in inventory.</u>
For example:
Beginning inventoy= $15 per unit
Jan. 30: $17 per unit
Jan. 20: $16 per unit
Ending inventory= 370*17 + 5*16 + 15*15= $6,595
Answer:
c. N = 7, I/Y = 4, PV = 37,000
Explanation:
In financial Calculator the following key wii be pressed to calculate the the balance of the account (Future value)
For the number of year enter N = 7
Interest per year enter I/Y = 4
For present value enter PV = 37,000
This will calculate Malissa's account balance after 7 years which is $48,689.
So the correct answer is c. N = 7, I/Y = 4, PV = 37,000.
Answer:
Balance of payments (BOP)
Explanation:
The balance of payments is referred to details of the transaction that held between two entities either in the same country or outside the country of a particular time period.
when the transaction was done for another country, there is a deduction of credit from the balance of payment and when transaction was done for the same country then credit is added to the BOP
Answer:
B. $140,000.
Explanation:
Inventory purchases refers to the amount of goods or merchandise bought during a particular period by merchandisers or sellers such as retailers, wholesalers, or distributors with aim of selling them to customers.
Inventory purchases can be determined using the formula for computing the cost of goods sold as follows:
Cost of goods sold = Beginning inventory + Inventory purchases - Ending inventory
Substituting the values in the question into the formula above and solve for inventory purchases, we have:
$145,000 = $18,000 + Inventory purchases - $13,000
Inventory purchases = $145,000 + $13,000 - $18,000 = $140,000
Therefore, inventory purchases equal <u>$140,000</u>.
