Hooper Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 200 units that co
st $130 each. During the month, the company made two purchases: 300 units at $138 each and 150 units at $140 each. The company also sold 500 units during the month. Using the periodic weighted-average cost method, what is the cost of ending inventory?
For the current month, the beginning inventory consisted of 200 units that cost $130 each. During the month, the company made two purchases: 300 units at $138 each and 150 units at $140 each. The company also sold 500 units during the month.
Absolute Advantage is the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group. Comparative Advantage is the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity. The producer that requires a smaller quantity inputs to produce a good is said to have an absolute advantage in producing that good. Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another
The reconciliation statement reconciles the bank statement balance to the cash book balance. The reconciled balance in the cash account is derived after considering all transactions that happened during the year that should have been recognized but were yet to.
Given the following Reconciling items;
deposits in transit, $2,600; This has been captured in the books and need not be adjusted for.
bank service charges, $140; This is yet to be recorded in the books hence it will be deducted from the cash balance.
outstanding checks, $950; This has been recognized in the books hence no further adjustments are required.
and interest credited to the bank account during the month but not recorded on the company’s books, $60.; This will be added to the cash balance
False, The ratio of estrogen to progesterone does not remains constant throughout pregnancy. Estrogen levels rise and progesterone levels fall in preparation for labor to begin.
<h3>What is Estrogen and progesterone ?</h3>
The two key hormones in a woman's body are progesterone and estrogen. These steroid hormones are in charge of giving the body its unique female traits.
The ovaries are a pair of ova-producing organs that support the health of the female reproductive system by creating egg cells.
The ovaries are an endocrine gland that secretes hormones, notably estrogen and progesterone, that are essential for normal reproductive development and fertility in addition to their function in ova production.
Therefore, it is False that, The ratio of estrogen to progesterone remains constant throughout pregnancy into labor.