1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
An example of global dependency is when products are produced and used in the same country? True or false
alexandr402 [8]

Hello there,

An example of global dependency is when products are produced and used in the same country?

Answer: False

8 0
3 years ago
Refer to the following selected financial information from Shakley's Incorporated. Compute the company's profit margin for Year
nekit [7.7K]

Answer:

Profit margin = 9.74%

Explanation:

We know,

Profit Margin = (Net income after tax/Net sales) x 100

Profit margin is a profitability ratio that measures the company's overall performance. It also show how company performs financially.

Given,

Year 2,

Net Sales = $484,000

Net income after tax = $47,150

Therefore,

Profit Margin = \frac{47,150}{484,000}

Profit Margin = 9.74%

Hence, company is performing financially well.

4 0
2 years ago
Patty took a cash advance of $1,500. Her new credit card charges an Annual Percentage Rate of 21%. The transaction fee for the c
natali 33 [55]
I honestly don’t kno

4 0
3 years ago
Ruth has a home office that she shares with her husband, Barret. She keeps track of her business profits and expenses in several
myrzilka [38]

Answer:

unlock the user cells and then protect the worksheet

Explanation:

In order for Ruth's husband, Barret not to alter other cells of the worksheet files, she has to unlock the user cells and then protect the worksheet.

By unlocking the user cells and protecting the work sheet, she has prevented her husband, Barret from making a change to other cells of the worksheet.

A worksheet refers to a sheet of paper on which one performs work. The worksheet Ruth used in he home office is the computer based work sheet (software) where she keeps records of her business transactions.

4 0
2 years ago
"A firm finances itself with 30 percent debt, 60 percent common equity, and 10 percent preferred stock. The before-tax cost of d
Nutka1998 [239]

Answer:

WACC = Ke(E/V) + Kd(D/V)(1-T)  + Kp(P/V)

WACC = 15(60/100) + 5(30/100)(1-0.3) + 10(10/100)

WACC = 9 + 1.05 + 1

WACC = 11.05%

Explanation:

Weighted average cost of capital is a function of cost of common stock and the proportion of common stock in the capital structure plus after-tax cost of debt and proportion of debt in the capital structure plus cost of preferred stock and the proportion of preferred stock in the capital structure.  Ke = Cost of equity or common stock, kd = cost of debt and kp = cost of preferred stock.

7 0
3 years ago
Other questions:
  • The subject has $8,000 pool and a $2,000 chimney but no porch. a comparable that sold for $199,000 has a $3,000 porch but no poo
    6·1 answer
  • Sonny Corporation has a simple capital structure of 100,000 shares of $1 par common stock and 20,000 shares of 5 percent preferr
    5·1 answer
  • Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous c
    11·2 answers
  • In the management hierarchy _____ includes managers who set the overall direction of a firm, articulating a vision, establishing
    7·1 answer
  • The current yield on Google's common stock is 4.8%. The company just paid a $2.10 dividend. The rumor is that the dividend will
    12·1 answer
  • The market for footballs is perfectly competitive. If all else is held constant and the price of leather decreases, we would exp
    8·1 answer
  • Jane recently accepted a position as an Associate Professor of Management at Central State University. She has found that nearly
    7·1 answer
  • Insurance companies facilitate the transfer of risk from Multiple Choice those who have a low-risk tolerance to those with high
    15·1 answer
  • PLEASE HELP ME ILL MAKE YOU BRAINLIEST
    12·1 answer
  • A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. if the business discards this plant asset, the
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!