Based on the cost of the inventory to Windsor Inc, and the FIFO method, the gross profit for the month is C. $1,520
<h3>What is Windsor's gross profit?</h3>
FIFO means that the earlier goods are sold first.
210 units were left on hand which means that none of the Purchase on the 28th of January was sold.
The 15th Janaury purchase sold:
= 130 - (210 - 130)
= 50 units
The sales revenue is therefore:
= (260 + 50) x 9
= $2,790
The cost is:
= (260 x 4) + (50 x 4.60)
= $1,270
Gross profit is:
= 2,790 - 1,270
= $1,520
Find out more on FIFO at brainly.com/question/24137318.
#SPJ1
Answer: 1. a. The existence of a no-fault law.
2. d. $17,000
Explanation:
1. For Jane to prove that Famous was indeed negligent, she definitely does not need the No - Fault law. This is a law that is mostly applicable to motor vehicle accidents and means that the individual parties are responsible for whatever injuries they sustain and the person who actually caused the accident is irrelevant. The main aim of this is to reduce the damages claims that one can be put on Insurance which increase insurance premiums.
<em>If this law was to be applied here, Jane would</em> <em>be responsible for her own injuries and her suit would fail. </em>
2. Jane missed 2 weeks of work and in each week she earns $5,000.
She also had medical expenses of $4,000 and estimated pain and suffering of $3,000.
The general damages therefore are the two weeks she missed plus the medical expenses and the pain and suffering.
= 5,000 ( 2) + 4,000 + 3,000
= 10,000 + 7,000
= $17,000
The four types of entrepreneur described by Arthur Cole were the Innovator, the Organization Builder, the Over-Optimistic Promoter, and the Calculating Investor.
Answer is A) Investor.
