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zubka84 [21]
3 years ago
11

Vargas Company uses the perpetual inventory method. Vargas purchased 600 units of inventory that cost $7.00 each. At a later dat

e the company purchased an additional 1,000 units of inventory that cost $8.00 each. Vargas sold 700 units of inventory for $11.00. If Vargas uses a FIFO cost flow method, the amount of cost of goods sold appearing on the income statement will be:
Business
1 answer:
otez555 [7]3 years ago
6 0

Answer:

COGS= 5000

Explanation:

under the fifo method first come firs out

600*7   =  4200

100*8    =  800

Total Cost (4200+800) = 5000

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A situation in which both unemployment and inflation rates are high is known as ______.
faust18 [17]

Stagflation is a condition in which both the unemployment rate and the inflation rate are high. Stagflation is characterised by slower economic development, low employment rates, and increased inflation rates. Stagflation is the occurrence of low economic growth, high unemployment.

In terms of economics, stagflation, sometimes known as recession-inflation, is a state in which unemployment is consistently high, the economy is growing slowly, and the inflation rate is high or rising. When inflation and economic stagnation coexist, this is known as stagflation. The economy is in a state of stagnation due to rising unemployment.

The term "stagflation" was first used in the 1970s, a period of both high inflation and rising unemployment. Stagflation wasn't commonly acknowledged until the middle of the 20th century.

To know more about stagflation, click here:-

brainly.com/question/28177756

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7 0
7 months ago
"A mutual fund manager of a "high technology" fund feels that the market for this sector will remain flat in the next coming mon
qaws [65]

Answer:  C.  narrow-based calls

Explanation:

Narrow based calls would include calls from one industry. The mutual fund is an "High technology" firm which means that it is a narrow based fund for instance as it is interested only in one industry being the High Tech industry.

The manager should invest in Narrow based calls that focus on the sector if he anticipates that the market will remain flat for the sector. Narrow based Calls are more volatile because they are specific and with the volatility comes higher premiums to be charged.

Should he wish to make income against the portfolio, he should sell these knowing that the options will not be called as the market will remain flat.

5 0
3 years ago
The amount of assets per dollar of equity capital is called the Question 9 options: A) equity ratio. B) equity multiplier. C) as
S_A_V [24]

Answer:

The correct answer is letter "B": equity multiplier.

Explanation:

The Equity Multiplier is a simple proportion used to calculate the financial leverage of the company. <em>The Equity Multiplier ratio is calculated by dividing the total assets by total equity</em>. When the company purchases major assets it can fund such acquisitions through debt or stock issuance. A high Equity Multiplier indicates that the company used more debt than equity to finance its purchases of assets.

6 0
3 years ago
Nico is buying a home for $625,000. His earnest money deposit is 8%. He wants to avoid private mortgage insurance (PMI) on his c
qaws [65]

Answer: $106,250

Explanation: Conventional loans often require 20% down to avoid PMI ($125,000), and Nico has paid a $50,000 deposit ($625,000 x .08). Closing costs are $31,250 ($625,000 x .05).

He needs $106,250 to close ([$125,000 - $50,000] + $31,250).

4 0
2 years ago
In June, an investor purchased 200 shares of Oracle (an information technology company) stock at $37 per share. In August, she p
Iteru [2.4K]

Answer:

the  weighted mean price per share is $38.76

Explanation:

The computation of the weighted mean price per share is given below:

= (200 shares × $37 per share + 270 shares × $36 per share + 490 shares × $41 per share) ÷ (200 shares + 270 shares + 490 shares)

= ($7,400 + $9,720 + $20,090) ÷ (960 shares)

= $37,210 ÷ 960 shares

= $38.76

Hence, the  weighted mean price per share is $38.76

4 0
2 years ago
Read 2 more answers
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