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Elza [17]
3 years ago
11

Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 10 units at $12 p

er unit. August 18 Purchase 15 units at $15 per unit. August 29 Sale 20 units. August 31 Purchase 14 units at $16 per unit. What is the per-unit value of ending inventory on August 31
Business
1 answer:
Yuri [45]3 years ago
4 0

Answer:

The per-unit value of ending inventory on August 31= $15.42

Explanation:

<em>The weighted average method of inventory determines the average cost per unit of inventory each time a new batch is received The explanation is completed using the table below with notes underneath</em>

The

Date     Narration          Qty        Unit cost($)      Total cost

Aug 2   Purchase          10             12                        120

Aug 18  Purchase            15             15                     <u>225 </u>

                                     25           13.8  *                    345

Aug 29                      <u> ( 20)</u>            13.8                    <u>(276 )</u>

                                      5                                          69

Aug 31                           <u>14</u>                 16                   <u> 224 </u>

Aug 31                          19            15.42 **                 293

Notes

*The average cost of 13.8 is the division of 345 by 25.

**The average cost of $15.42 is the division of 293 by 19

The per-unit value of ending inventory on August 31= $15.42

               

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nataly862011 [7]

Answer:

$78

Explanation:

Gifts made to customers or employees are deductible up to $25 per customer or employee:

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total tax deductions = $78

8 0
3 years ago
You have an outstanding student loan with required payments of $500 per month for the next four years. The interest rate on the
irina [24]

Answer:

<em>n = 33.8108479</em>

Explanation:

We will calculate the current principal

And then calculate the time period it takes with a higher payment of 675 dollars per month:

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C $ 500

time      48 ( 4 years x 12 months per year)

rate 0.0075 (9% annual divide by 12 months)

500 \times \frac{1-(1+0.0075)^{-48} }{0.0075} = PV\\

PV $20,092.3909

Now we recalculate n:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

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time n

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675 \times \frac{1-(1+0.0075)^{-n} }{0.0075} = 20092.39\\

<u>from the annuity formula we solve as we can until arrive at this situation:</u>

(1+0.0075)^{-n}= 1-\frac{20092.39\times0.0075}{675}

(1+0.0075)^{-n}= 0.77675122

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<em>n = 33.8108479</em>

5 0
3 years ago
Necesito saber si es cierto o falso
Zanzabum

La respuesta correcta es Falso

Explicación:

El excedente de producción se refiere a la cantidad de dinero que obtiene un productor al producir y vender un producto. En este contexto, el excedente de producción puede ser calculado si al precio o valor de compra se resta el costo de oportunidad de producirlo (costo por producir un bien específico en vez de sus alternativas), así como otros costos de producción. De acuerdo a lo anterior la premisa es falsa porque el costo de oportunidad debe ser restado y no sumado al precio para saber cual fue la ganancia o excedente de producción.

6 0
3 years ago
Shoe Barn Inc. is a privately owned firm with few investors. Investors forecast their earnings per share (EPS) to reach $2 this
Mariana [72]

Answer:

$24

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Using this formula

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Therefore the estimated intrinsic value of the Shoe Barn Inc.'s stock is $24

4 0
3 years ago
Forey, Inc. competes against many other firms in a highly competitive industry. Over the last decade, several firms have entered
crimeas [40]

Answer:

The market that characterizes the industry in which Forey competes is a market where competition is at its greatest possible level and it is a perfectly competitive market and the reason is because its returns decrease with the entering of new firms, also four-firm concentration ratio and Herfindahl Hirschman index are both quite small, so no one has significant market power to set or even influence the market price. In the short-run Forey Inc’s profit will decrease as more and more new firms enter the market and in the long-run Forey Inc will receive only normal (zero) economic profit.

4 0
3 years ago
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