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4 years ago

Beginning inventory, purchases, and sales for an inventory item are as follows:

Business

1 answer:

Sergio039 [100]4 years ago

5 0

Answer:

Option (D) is correct.

Explanation:

Sale from beginning inventory = (Beginning inventory - sales units) × selling price per unit

= (24 - 17) × $15

= 7 × $15

= $105

Sale from September 17th purchase:

= (Beginning inventory - sales units of Sept 5 and Sept 30) × $20

= (24 - 17 - 8) × $20

= 1 × $20

= $20

Therefore,

Cost of good sold on Sept 30 = Sale from beginning inventory + Sale from September 17th purchase

= $105 + $20

= $125

Ending inventory:

= ( Beginning inventory - Sept 5 Sale + Sept 17 Purchase - Sept 30 Sale) × per unit purchasing price

= (24 - 17 + 10 -8) × $20

= 9 units × $20

= $180

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In an experiment, the ______ group receives the manipulation of the independent variable.

Anvisha [2.4K]

I think it would be the dependent group..?

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3 years ago

A company is considering investing in a new machine that requires a cash payment of $47907 today. The machine will generate annu

swat32

Answer:

12%

Explanation:

Calculation for the internal rate of return if the company buys this machine

Using this formula

IRR = Initial investment/Annual Cash flow

Where,

Initial investment =$47,907

Annual Cash flow =$19,946

Let plug in the formula

IRR= $47,907/$19,946

=2.402

Using PV factor table = 2.402

IRR = 12%

Therefore internal rate of return if the company buys this machine will be 12%

8 0

4 years ago

Monty currently has a Visa card from his bank with the following terms: 18% on purchases, 24% on cash advances with a 4% cash ad

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The annual percentage yield on Monty's default or penalty rate equals to 42.58%.

<h3>What is the meaning of APY?</h3>

APY is an acronym for Annual percentage yield.

The percentage yield referred to the real rate of return that is earned on an investment after taking into account the effect of compounding interest.

Given that the Visa card has an original default or penalty rate of 36%, the annual percentage yield on Monty's default or penalty rate equals to 42.58%.

Read more about annual percentage yield

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3 0

2 years ago

Which of the following is correctly matched? Select one: a. equilibrium - balance of inputs and outputs b. steady state equilibr

Kruka [31]

Answer:

The correct answer is d. All of these are correctly matched.

Explanation:

In economics, an economic equilibrium is a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables do not change. It is the point at which the quantity demanded and the quantity offered are equal. A market equilibrium, for example, refers to the condition in which the market price is established through competition so that the amount of goods and services desired by buyers is equal to the amount of goods and services produced. by the sellers. This price is usually called the equilibrium price and tends to remain stable as long as demand and supply do not vary.

8 0

3 years ago

Smith Corporation makes and sells a single product called a Pod. Each Pod requires 3.0 direct labor-hours at $11.20 per direct l

nordsb [41]

Answer:

$792,960

Explanation:

Data provided

Number of pods = 23,600

Direct labor hours = 3

Direct Labor Rate per hour = $11.20

The computation of Budgeted direct labor costs is shown below:-

Budgeted Direct labor Cost = Number of pods × Direct Labor Hours required per pod × Direct Labor Rate per hour

Budgeted Direct labor Cost = 23,600 × 3 × $11.20

= $792,960

3 0

3 years ago