Answer:
$190.75
Explanation:
In this question, we are asked to use weighted average method to find the cost to which the 14 units sold is closest to.
We proceed as follows;
On April one, there were 9 items in the inventory with a cost of $13 per item. The total cost here would be 13 * 9 = $117
On April 18th, we had 15 items at $14 cost per piece which gives a total of 14 * 15 = $210
On April 29, 14 units were sold. We need to find the cost to which this was closest using the weighted cost approach.
The total costs for April 1 and 18 would be $117+ $210 = $327
The weighted average cost per unit on both dates is $327/24 = $13.625
The cost of 14 units sold would be = 14 * $13.625 = $190.75
Probability assigned:|
x 30 60 120 180
P(x) .10 .40 .40 .10
Answer:
Jane
Price of Groupon for a revenue of $300 is:
$3
Explanation:
a) Data and Calculations:
Expected Sales volume:
Number of Tubes x 30 60 120 180
Probability P(x) .10 .40 .40 .10
Expected values 3 24 48 18
Total = 93 tubes
Groupon price = $300/93 = $3.23
b) Jane's price for each Groupon will be the rent revenue per day divided by the expected number of tubes to rent daily. The expected number of tubes is derived by multiplying each expected number of tubes by its probability and then summing up the results.
The journal entry for the purchase of the stock for the trading securities portfolio is that Securities account debited and bank account credited.
Given that Slick Rocks management purchased the Sandstone stock for the trading securities portfolio instead of the available-for-sale securities portfolio.
We are required to form the journal entry that are required by the facts presented in the case.
A journal is basically a detailed account which records all the financial transactions of a business to be used for the future reconciling of accounts.
The journal entry will be as under:
Securities account debited and bank account credited. If we know that which security is being purchased then we can name that securities also.
Hence the journal entry for the purchase of the stock for the trading securities portfolio is that Securities account debited and bank account credited.
Learn more about journal at brainly.com/question/14279491
#SPJ4
I think the correct answer from the choices listed above is option A. The loan type that requires you to make loan payments while you’re attending school would be unsubsidized federal loan. For this type, y<span>ou are responsible for paying the interest on a Direct Unsubsidized Loan during all periods. Hope this answers the question.</span>
Answer:
B. False
Explanation:
Land held for possible plant expansion would NOT be included as an operating asset when computing return on investment (ROI).
Return on investment (ROI) is used to measure the profitability of an investment. It helps to compare the gain or loss from an investment in relation to its cost.
Return on investment can be used to determine
1. Profitability of a stock investment,
2. Profitability of the purchase of a business investment
3. Profitability of a real estate business
ROI = Net return / cost of investment × 100
Net return= Final value of investment - initial value of the investment
