Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Purchases:
40 units at $100·
70 units at $80·
170 units at $60
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.
First, we need to calculate the average purchase cost.
Average cost= (100*40 + 80*70 + 60*170)/280= $70.7
Now, we can calculate the value of ending inventory:
Inventory= $70.7*10= $707
Answer:
B. -21.85%.
Explanation:
Calculation for the annual return on the stock
First step is to calculate the Number of periods
Number of periods = 2 * 365 days in a year
Number of periods= 730
Second Step is to calculate the Daily return using this formula
Daily return = (Future value / initial value)^1/n - 1
Let plug in the formula
Daily return = (26.85 / 41.57)^1/730 - 1
Daily return = (0.645898)^1/730 - 1
Daily return = 0.999401 - 1
Daily return = -0.00059861*100
Daily return = -0.059861%
Last step is to calculate annual return
Using this formula
Annual return=Daily return/ Numbers of days in a year
Annual return = -0.059861% * 365
Annual return = -21.85%
Therefore the annual return on the stock if returns are compounded daily will be 21.85%
Answer: These could be categorized as follows :-
Explanation:
a. Accounts receivable = Asset in balance sheet
b. Sales = Revenue in income statement
c. Equipment = Asset in balance sheet
d. Supplies expense = Expense in income statement
e. Cash = Asset in balance sheet
f. Accounts payable = Liability in balance sheet
g. Retained Earnings = Equity in balance sheet
h. Revenue = Revenue in income statement
i. Contributed Capital = Equity in balance sheet
j. .Cost of Goods Sold = Expense in income statement
k. Notes Payable = Liability in balance sheet
l. Selling and Administrative Expenses = Expense in income statement
The answer is Europe and Australia.
According to the United Nations' Human development Index, many countries with very high development are located in Europe and Australia. As defined in Wikipedia, Human development index is a composite statistic of life expectancy, education and income per capita indicators, which are used to rank countries into four tiers of human development.
