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Aleksandr-060686 [28]
3 years ago
6

For most American households, the largest expenses in their budget will likely be... * Clothes, Entertainment, Food Food, Housin

g, Transportation Food, Insurance, Transportation Clothes, Food, Housing
Business
1 answer:
oee [108]3 years ago
4 0

Answer:

Food, Housing, and Transportation

Explanation:

Just like in many households in most countries the top expenses are always Food, Housing, and Transportation. This is because these three categories fall under necessities. Individuals need food to survive every single day. They also need a place to stay to protect themselves from the harsh conditions outside and to call home. Transportation may not be a huge expense for some, it still is one of the largest expenses for most American Households. People need to get to and from work on a daily basis as well as to other important locations such as schools, hospitals, grocery stores etc.

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Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan.1 Inventory 26 units at
Mila [183]

Answer:

a. $26,400

b. $20,520

c. $24,140.64

Explanation:

a. The computation of inventory cost by the first-in, first-out method is shown below:-

Inventory cost under first-in, first-out method = Number of units × Unit cost of 3rd purchase

= 48 × $550

= $26,400

b. The computation of inventory cost by the last-in, first-out method is shown below:-

Inventory cost by Last in first out method = (Jan 1 units × Jan 1 Inventory per unit) + (Number of units - Jan 1 units) × Feb. 19 Inventory per unit

= (26 × $400) + (48 - 26) × $460

= $10,400 + $10,120

= $20,520

c. The computation of inventory cost by the average cost method is shown below:-

Average cost per unit = (26 × $400) + (57 × $460) + (62 × $540) + (60 × $550)

= $10,400 + $26,220 + $33,480 + $33,000

= $103,100

Per unit cost = Inventory cost ÷ Total number of units

= $103,100 ÷ (26 + 57 + 62 + 60)

= $103,100 ÷ 205

= $502.93

Inventory cost under average cost method = Per unit cost × Number of units

= 48 × $502.93

= $24,140.64

Therefore we have applied the formulas.

4 0
3 years ago
Bank A quotes a bid rate of $.300 and an ask rate of $.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $.306 an
alexdok [17]

Answer:

B. $1,639 ​

Explanation:

To do arbitraje we will ask at Bank A for $0.305

and then bid in Bank B at $0.306

As the transactions has no cost we are doing a profit by using the exchange as they allowed. Doing this procedure will at some point eliminate the difference in exchange rate for these bank as the purchase will rise the ask rate for Bank A and the sale will decrease the bid rate.

500,000 \times \frac{0.306}{0.305}

Total: 501639,3442622951

The profit will be for: 501,639.34 - 500,000 = 1,639.34

7 0
3 years ago
Alpha Company is looking at two different capital​ structures, one an​ all-equity firm and the other a levered firm with ​$2.52
horrorfan [7]
Look on jiskha you will find your answer I promise
4 0
3 years ago
Parker Corp., which operates on a calendar year, expects to sell 3,000 units in October, and expects sales to increase 10% each
pogonyaev

Answer:

total revenue = is 99300

Explanation:

given data

expects to sell in October = 3,000 units

expects sales to increase  = 10%

Sales price stay constant = $10 per unit

solution

we get revenue hereby the sum of revenue of oct + nov + dec

revenue = price × quantity    .........................1

total revenue = is 99300

8 0
3 years ago
Cadillac is preparing to build a new assembly plant in the United States. Although it would be slightly cheaper to build cars in
il63 [147K]

Answer:

A

Explanation:

Cadillac is responding to one of the geographic demographic trends in the United States, which has been migration into the Sun Belt. Building a plant in Louisiana, which is in the Sun Belt, would greatly reduce transportation cost, compared to a plant in Michigan.

4 0
3 years ago
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