Answer:
Ending inventory value= $9,127
Explanation:
Giving the following information:
January: 17 units at $127
February: 27 units at $137
May: 22 units at $147
September: 19 units at $157
November: 17 units at $167
<u>Using the specific identification method, we need to multiply each unit for its specific cost.</u>
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Ending inventory:
January= 9*127= 1,143
February= 11*137= 1,507
May= 13*147= 1,911
September= 11*157= 1,727
November= 17*167= 2,839
Ending inventory value= $9,127
Question is incomplete. I will try to answer to the best of my ability.
Answer and Explanation:
The credit terms '3/15, n/60' and '2/10, n/30' mentioned in the question signifies the terms in which riverbed has sold its product to the buyer.
3/15, n/60 means that if the buyer pays with 15 days since the transaction takes place then the buyer would receive 3% on the receivable.
However, if they fail to pay within 15 days then the buyer would have to pay the full amount within 60 days.
Similarly, 2/10, n/30 means 2% discount within 10 days since the transaction took place. Otherwise full payment after 10 day.
Sales grow before any new fixed assets are needed is $156,480.
Fixed assets , additionally known as lengthy-lived assets or property, plant, and equipment, are a time period utilized in accounting for belongings and belongings that cannot without difficulty be converted into cash. fixed properties are one of a kind from modern assets, along with coins or bank accounts, due to the fact the latter is liquid belongings.
currently operating = 94 percent
current sales = $740,000
Full capacity sales = current sales/ Current capacity utilisation
= 500000/0.94
= $531,914.89
Percentage of fixed assets to full Capacity Sales = Fixed Assets / full Capacity Sales
= 400000/531914.89
= 0.752
Total Fixed assets Needed for New Sales = 74000*0.752
= 556480
Additional Fixed Assets needed = 556480 - 400000
= $156,480 answer.
Learn more about fixed assets here:-brainly.com/question/25746199
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What are the choices, if any?
In most companies, the highest corporate titles would be CEO, COO, Vice President, CFO and/or Manager.
Answer:
Gain and loss accounts
Explanation:
Gain and loss accounts are a form of temporary accounts that are utilized to gather combined sales and purchases that has an effect on the profit or loss of business activities over a given period, which is typically in a year. For example, the loss on property sold account.
Hence, in this situation, the correct answer to the question is known to be a GAIN and LOSS ACCOUNT.
