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Evgesh-ka [11]
3 years ago
15

Delta Diamonds uses a periodic inventory sistem. The company had five one- carat diamonds available for sale this year: one was

purchased on June 1 for $500, two were purchased on July 9 for $550, and two were purchased on September 23 for $600 each. On December 24, it sold one of the diamonds that was purchased on July 9. Using the fifo method, its ending inventory ( after the December 24 sale) equals
Business
1 answer:
blsea [12.9K]3 years ago
4 0

Answer:

$2300

Explanation:

The FIFO method is one in which inventory purchased first is sold first. Given that the company had five one- carat diamonds available for sale this year: one was purchased on June 1 for $500, two were purchased on July 9 for $550, and two were purchased on September 23 for $600 each. On December 24, the one was purchased on June 1 for $500 was sold

Ending balance

= 2 * $550 + 2 * $600

= $1100 + $1200

= $2300

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A father and mother are planning a savings program to put their daughter through college. Their daughter is now 8 years old. She
Anna71 [15]

Answer:

$4,102.57

Explanation:

we must first calculate the future costs of college:

cost of college year 1 = $16,200 x (1 + 2%)¹⁰ = $19,747.71

cost of college year 2 = $19,747.71 x 1.02 = $20,142.66

cost of college year 3 = $20,142.66 x 1.02 = $20,545.51

cost of college year 4 = $20,545.51 x 1.02 = $20,956.42

in order to determine how much money does the family need to have before college starts we must discount the cost of college by 7.5%:

PV cost of college year 1 = $19,747.71

PV cost of college year 2 = 20,142.66 / 1.075 = $18,737.36

PV cost of college year 3 = $20,545.51  / 1.075² = $17,778.70

PV cost of college year 4 = $20,956.42  / 1.075³ = $16,869.09

total = $73,132.86

the future value of the grandmother's deposits:

$13,000 x (1 + 7.5%)¹⁴ = $35,781.77

$2,900 x (1 + 7.5%)¹² = $6,907.16

total = $42,688.93

that means that you will need to save $73,132.86 - $42,688.93 = $30,443.93 by the time your child turns 18

you will make 4 deposits and their future value will be:

deposit x 1.075¹⁰ = 2.0610D

deposit x 1.075⁹ = 1.9172D

deposit x 1.075⁸ = 1.7835D

deposit x 1.075⁷ = 1.6590D

total = 7.4207D

yearly deposit = $30,443.93 / 7.4207 = $4,102.57

4 0
3 years ago
How do u write the abbreviation in full ??? Please help
BabaBlast [244]
What’s the Acronym? (A acronym is like LOL, or OMG)
7 0
3 years ago
Read 2 more answers
One of the most important features of a filing and record keeping system is that it works for you and meets your needs true or f
MA_775_DIABLO [31]

Answer:

True

Explanation:

In record keeping using the filling method, it is done in-order to keep track of all the important documents and information regarding to the company. <em>This record keeping system could employ the manual method or writing with hand or the electronic method of storing such information using the computer or other electronic device.</em>

7 0
3 years ago
Sometimes conflict can be healthy critically discuss the statement​
Ad libitum [116K]

Answer:

Yeah that's right, sometimes conflict can be healthy and have good effect on us like:

awareness, presence of mind, being alert and strong and changing your life into better one's. Conflicts help you to develop oj how you see the world as where you live. It helps us to become strong and intelligent everyday.

7 0
3 years ago
Hope Springs makes the bottles of water, puts them into storage, and fills orders as they come in from inventory. This is an exa
svlad2 [7]

The type of  supply-chain strategy uses by Hope Spring to fills orders as they come in from inventory is called the pull supply-chain strategy.

The pull supply strategy is a manufacturing strategy that is influenced by consumer's demand because the demand are used to decide the level of procurement, production and distribution of product.

This strategy is very effective to prevent against wastage or over-production since the level of demand for the product determine the level of producing such product.

Therefore, in conclusion, the example of this is known as Pull supply-chain strategy.

Learn more about this here

<em>brainly.com/question/17830486</em>

3 0
3 years ago
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