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skad [1K]
2 years ago
7

Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in

ventory 500 $2.40 Apr. 20 Purchase 400 2.50 Dunbar sold 700 units of inventory during the month. Ending inventory assuming FIFO would be: Select one:
A. $500.
B. $470.
C. $490.
D. $480.
Business
2 answers:
Afina-wow [57]2 years ago
4 0

Answer:

Option (A) is correct.

Explanation:

Dunbar sold 700 units during the month.

Dunbar uses FIFO inventory system,

Number of units available for sale = Beginning Inventory + Purchases

Number of units available for sale = 500 + 400

Number of units available for sale = 900

700 units sold includes 500 units of beginning inventory and 200 units of April 20 purchases.

Ending Inventory = Number of units available for sale - Number of units sold

Ending Inventory = 900 - 700

Ending Inventory = 200 units

Ending Inventory includes 200 units of April 20 purchases :

Ending Inventory = 200 units × $2.50

Ending Inventory = $500

Nady [450]2 years ago
3 0

Answer:

option (A) $500

Explanation:

Given:

Date             Transaction            Number of Units       Unit Cost

Apr. 1     Beginning inventory         500                        $2.40

Apr. 20 Purchase                            400                        $2.50

Now,

Number of units sold = 700

Number of units available for sale = Beginning Inventory + Purchases

= 500 + 400

= 900

Now,

using the LIFO approach,

700 units that has been sold includes 500 units of beginning inventory and 200 units of April 20 purchases.

Therefore,

Ending Inventory = Number of units available for sale - Number of units sold

= 900 - 700

= 200 units

Cost of ending inventory = 200 units × $2.50

= $500

Hence,

The correct answer is option (A) $500

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of every day scarcity could it be how the desert doesn't really have water so the desert has a scarcity of water scarcity is a basic economic problem that Society faces because the world sometimes runs out of things that we need so certain people have to make loopholes to get to get around them another example is how during the coronavirus we had a scarcity of sanitizer Clorox wipes bleach and toilet paper

7 0
3 years ago
Jim is evaluating project that will pay him $5,000 per year for 5 years, and then cost him $4,000 per year for 12 years. Jim’s o
FinnZ [79.3K]

Answer:

4.25%

Explanation:

We need to calculate the net present value of the cash flows to determine the  IRR.

NPV = PV of Cash inflows - PV of Cash outflows

As the cash inflow and outflow are fixed for specific period of time so, we will use the annuity formula to calculate the NPV.

NPV = [ $5,000 x ( 1 - ( 1 + 18% )^-5) /18% ] - [ ( $4,000 x ( 1 - ( 1 + 18% )^-12) /18%) x ( 1 + 18%)^-6 ]

NPV = $15,636 - $7,102 = $8,534

We need NPV on a higher rate of 10%

NPV = [ $5,000 x ( 1 - ( 1 + 10% )^-5) /10% ] - [ ( $4,000 x ( 1 - ( 1 + 10% )^-12) /10%) x ( 1 + 10%)^-6 ]

NPV = $18,954 - $15,385 = $3,569

IRR = Lower rate + [ Lower rate NPV / (Lower rate NPV - Higher rate NPV) ] (higher rate - lower rate)

IRR = 10% + [ 3,569 / ($3,569 - $8,534) ] (18% - 10%)

IRR = 4.25%

4 0
3 years ago
Before Kraft introduced Philadelphia Single Size Cream Cheese Spreads, it test marketed them in California markets to see if the
Nitella [24]

Answer:

The right option is (a)

Explanation:

Experimental research is a technique that helps to analyse the initial consumer response before officially launching the project. Kraft has launched an experimental research in California market to test their product and to analyse if the serving was acceptable with the new product. Experimental research generally helps to determine the flaws and loopholes in a product.

4 0
2 years ago
There are three main reasons why monetary policy doesn’t always work. Match each reason with its explanation.
evablogger [386]

Answer:

3. People don’t act as the Fed hopes.

a. The Fed can create conditions meant to encourage people to, for example, borrow more money. But if people are fearful of going into debt when their employment situation is uncertain, they may not respond to the Fed’s incentives.

  • people make heir personal decisions based on what they expect to happen in heir future

1. The long run is different from the short run.

b. Although an expanded money supply can briefly stimulate economic growth, eventually the economy will return to the same level of productivity, just at higher prices for goods and wages.

  • equilibrium is the key word regarding the long run

2. People adjust their expectations.

c. Fed actions are most effective when they come as a surprise. When people have figured out in advance what the Fed is going to do, the Fed’s actions don’t have as much impact.

  • People's expectations can result in the failure of economic policies. For example, if households expect higher inflation, they might take loans or accelerate their purchases.

8 0
2 years ago
Joe is a warehouse custodian and also maintains the accounting record of the inventory held at the warehouse. An assessment of t
evablogger [386]

Answer:

Letter B is correct

Explanation:

Segregation of duties occurs when duties and responsibilities are separated between employees of an organization. There are functions within a company where segregation is most common, usually in positions that require special permits, approvals, reviews, and registrations which is what happens in the matter. It is used to prevent conflicts between personal interests, mistakes and fraud.

3 0
2 years ago
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