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True [87]
4 years ago
11

Tree Seedlings has the following current-year purchases and sales for its only product. The company uses a periodic inventory sy

stem. a. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. b. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. c. Compute the gross margin for each method.

Business
1 answer:
sergij07 [2.7K]4 years ago
8 0

This question is incomplete. The complete question, answer & explanation for this question is given in the attachment below.

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David, a trader, wants to buy 1,000 shares of XYZ stock, while a second trader, Alexis, is willing to sell 1,500 shares of the s
Mariana [72]

Answer:

Market Maker's Net Profit = $850

Explanation:

David will buy the 1,000 shares he wished to buy at the Market Maker's sell price of $34.85 (since he is buying from the Market Maker).

Alexis, will sell her 1,500 shares to the Market Maker at the Market Maker's buy price of $34.

Therefore, excluding any inventory effect, the Market Maker's net profit from David's transaction

= sales price less purchase price

= (1,000 * 34.85) - (1,000 * 34) (the other 500 units the Market Maker purchased from Alexis will be in inventory and will not be considered)

= 34,850 - 34,000

= $850.

7 0
3 years ago
The reason that most business professionals use the extemporaneous style of speaking is?
stiks02 [169]

The reason that most business professionals use the extemporaneous style of speaking is an answer to a question about current events.

What is business?

The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.

The most of the business are the used this extemporaneous style of speaking is chance to the employer and employee to the participation of the answering the question about the current project and business policies.

As a result, the business professionals use the extemporaneous style of speaking is answer to a question about current events.

Learn more about on business, here:

brainly.com/question/15826604

#SPJ4

4 0
2 years ago
Check my work Check My Work button is now disabledItem 6Item 6 10 points Suppose the supply curve of portable radio rentals in G
GaryK [48]

Answer:

900 or 9 hundred

Explanation:

Given that :

the supply curve = P = 5 + 0.1Q

the Demand curve = P = 20 – 0.2Q

The relation of both above yields the equilibrium price and quantity .

SO;

5 + 0.1Q =  20 – 0.2Q

5 - 20 = -0.2Q - 0.1Q

-15 = -0.3Q

Q = -15/-0.3

Q = 50 hundreds of unit per day

Q = 5000 per day

So;

P = 5 + 0.1Q

P = 5 + 0.1 (50)

P = 5  + 5

P = $10

Therefore; the equilibrium price is $10

the equilibrium quantity is 5000

Similarly; the portable radio imposes $2.70 per day in noise costs on others.

∴ in order to deduce the social marginal cost curve ,w e need to shift the private marginal cost curve up by $2.70  for every unit.

Now; the social marginal cost curve will be ;

P = (5 + 2.7) + 0.1Q

P = 7.7 + 0.1Q

In order to determine the  social optimum ; we relate the  social marginal cost with demand curve as follows:

7.7 + 0.1Q =  20 - 0.2Q

0.1Q + 0.2Q = 20 - 7.7

0.3Q = 12.3

Q = 12.3/0.3

Q = 41 hundred unit per day

Q = 4100 per day

Recall :

P = 7.7 + 0.1Q

P = 7.7 + 0.1(41)

P = 7.7 + 4.1

P = $11.8

Finally; the equilibrium  number of portable radios rented is 5000 - 4100 = 900 or 9 hundred

6 0
3 years ago
Two leading home appliance companies, Redwood Inc. and Boxer Technologies, are in competition for market share. In their quest f
SVETLANKA909090 [29]

Answer:

Option B                      

Explanation:

Open innovation framework includes strategic, controlled transfers of knowledge with actors beyond an organization's borders, seeking to incorporate their expertise and experience into the creative cycle of the organisation itself.

Whereas, A closed development is focused on the assumption that the businesses itself produce developments. The innovation cycle usually occurs exclusively inside the business, from the production of concepts to the creation and advertising.

Thus, from the above we can conclude that the correct option is B.

4 0
4 years ago
Johnson Trucking Company wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven
BARSIC [14]

Answer:

Variable cost per unit= $1.16 per mile

Explanation:

Giving the following information:

January 16,200 $22,650

February 17000 $23,250

March 18400 $25,450

Apri 16500 $22,875

May 17400 $23,550

June 15300 $21,850

<u>To calculate the variable cost per mile under the high-low method, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (25,450 - 21,850) / (18,400 - 15,300)

Variable cost per unit= $1.16 per mile

7 0
3 years ago
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