All categories

2 years ago

Beginning inventory, purchases, and sales for Product XCX are as follows:

Business

1 answer:

9966 [12]2 years ago

4 0

Answer:

Cost of merchandise sold = $483 , Closing stock = $227

Explanation:

Perpetual inventory system includes updates done, when sale or purchase transaction happens

Opening Stock = 26 units (price 15). Value = 26 x 15 = 390

Sale = 13 units, price 15. So, sales cost value = 13 x 15 = 195

Purchase = 20 units (price 16). Value = 20 x 16 = 320

Sale = 18 units, price 16. So, sales cost value = 18 x 16 = 288

Total sales cost value, or cost of merchandise sold = 195 + 288 = 483

Closing stock = Opening stock + purchase - sales cost

= 390 + 320 - 483

= $227

You might be interested in

three-fourths of the burden, and sellers bear one-fourth of the burden. b. one-half of the burden, and sellers bear one-half of

zubka84 [21]

The correct option is: For each unit of the good that is sold, buyers bear <u>one-half of the tax burden and sellers bear one-half of the tax burden.</u>

<u>Explanation</u>:

Incidence of tax is a term referred in economics which deals with division of taxes. Tax incidence refers to division of tax among the buyer and seller for a product. The tax incidence is related to the price elasticity of supply and demand.

When a product is sold, the buyer of the product is charged with one-half of the tax burden and the seller of the product bears the other-half of the tax burden.

The incidence of tax can be observed in two ways:

i) Formal incidence

ii) Effective incidence

7 0

2 years ago

The Jameson Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% p

belka [17]

Answer:

Jameson's current stock price, P0 is $18.62

Explanation:

Required rate of return = Risk free rate + Beta*Market risk premium.

= 4.00% + 1.15*5.00 %

= 9.75 %

Current stock price, P0

= Expected dividend per share/(Required rate of return - Growth in dividends)

= (0.75 + 5.50%*0.75)/(0.0975 - 0.055)

= $18.62

Therefore, Jameson's current stock price, P0 is $18.62

5 0

3 years ago

Suppose disposable income increases by $ 2,000 . As a result, consumption increases by $ 1,500 . Answer the questions based on t

timama [110]

Answer:

Increase in savings resulting directly from the given change in income

= increase in income - increase in consumption = $2000-$150 = $500

Marginal propensity to save = increase in savings/increase in income = 500/2000 = 0.25

Explanation:

3 0

2 years ago

Under the Uniform Securities Act, which of the following negates a client's right to a civil suit for damages?

mart [117]

Answer:

C) I only.

Explanation:

According to the Uniform Securities Act, A civil case underneath the provisions of the United States must be filed in 3 years of the alleged infringement, or 2 years from the detection of the breach, whatever comes first.

Also, The passing of the consultant or the client doesn't really eliminate a civil liability prima facie case. Waivers to statements agreed to sign by the customer waiving adherence by the consultant with the provisions of this act on which the suit is focused aren't ever legitimate on the examination.

Therefore the option i is correct

8 0

2 years ago

Suppose that you just short sold 100 shares of Quiet Minds stock for $85.00 per share.

qaws [65]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

4 0

2 years ago