1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergiy2304 [10]
3 years ago
13

The following lots of Commodity Z were available for sale during the year.

Business
1 answer:
quester [9]3 years ago
5 0

Answer:

The year end closing inventory is $1256

Explanation:

The LIFO or Last In First Out method of inventory valuation follows that the latest or last purchased inventory will be the one that is sold first. Thus, under this method, the inventory that is purchased at start will be the one that will be left at the end and will form up the ending inventory.

The ending inventory of 24 units means that these units will comprise of inventory from the beginning of the period.

Thus, out of these 24 units, 8 units will be from the beginning inventory and the remaining from the first purchase (24 - 8 = 16).

The cost of ending inventory will be,

8 units at $49 per unit =   $392

16 units at $54 per unit  = $864

The total amount of closing inventory is = 392 + 864 = $1256

You might be interested in
Riverside Ranch is a horse breeding facility. Dynasty Stables is a customer looking for a new stallion for its breeding program.
marshall27 [118]

Answer: a. an express warranty

Explanation:

An EXPRESS WARRANTY refers to spoken or written promises or guarantees made by the seller about the performance of a product when negotiating with a buyer.

For example, "this product is guaranteed against wear and tear for at least 2 years".

Roy Mustang in this scenario made an explicit promise about the effectiveness of the Stallion and as such that constitutes an EXPRESS warranty.

It is worthy of note that for Express Warranties, the word Warranty does not even need to be included for the promise to be a warranty.

5 0
3 years ago
Personal selling can take place in all situations except when
olasank [31]

Answer:

Through the newspaper ads.

Explanation:

Personal selling is one of the ways of selling of products by various businesses where the seller and the customers come in direct contact or face to face in order to discuss the features, benefits, and worthiness of any product that the seller is interested in selling This can be done through direct face to face interaction, on telephones, through video conferencing, and also on the internet but not through newspaper ads.

8 0
4 years ago
Aaron has entered into a contract with wilson
swat32
Yes very true !!!!!!
8 0
3 years ago
Event sponsorship is not an effective public relations tool. The most common publicity-based tool is the press conference. Marke
Mariana [72]

Public relations (PR) is the process of maintaining a favorable image and building associated with events, sponsorships and other PR-related activities.

<h3>What is Public relations?</h3>

The practice of managing and disseminating information from an individual or organization to the public in order to influence their public perception is known as public relations. The distinction between public relations and publicity is that PR is controlled internally, whereas publicity is not controlled and is contributed by third parties.

Public relations professionals create and maintain a positive public image for a business or organization. They generate media, ranging from press releases to social media messages, that shape public opinion of the company or organization and raise brand awareness.

To know more about Public relations follow the link:

brainly.com/question/20313749

#SPJ4

7 0
1 year ago
According to kaplan and norton, _______ maps are "visual representations of a company's critical objectives and the crucial rela
Yuki888 [10]
Strategy Map  - A strategy map is very crucial for an organization to accomplish its objectives. It allows businesses to devise and implement a good company strategy, find gaps in the strategy, describe the strategy to employees, and test the strategy to allow for adjustments if necessary.
8 0
4 years ago
Other questions:
  • Piedmont Hotels is an all-equity company. Its stock has a beta of .94. The market risk premium is 7.5 percent and the risk-free
    12·1 answer
  • The local government uses property taxes to pay for goods and services in the community. true or false
    12·2 answers
  • In order to perform management functions, a manager must possess the ability to think in abstract terms in order to see the "big
    6·1 answer
  • On October 1, the accounts receivable account balance was $115,020. During October, $449,350 was collected from customers on acc
    8·1 answer
  • Investment advisors at your local bank branch office
    5·1 answer
  • Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments
    12·1 answer
  • In a large metropolitan market, it is relatively easy to set up a law office. The ease of entry explains why you will find hundr
    10·1 answer
  • How do banks make profits?
    11·2 answers
  • Sunland Inc. took a physical inventory at the end of the year and determined that $789000 of goods were on hand. In addition, Su
    10·1 answer
  • there is a growing emphasis on strategic supply management processes and less on purchase transactions.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!