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Oksi-84 [34.3K]
2 years ago
11

The inventory data for an item for November are:a. Nov. 1: Inventory 20 units at $19b. Nov. 10: Purchased 30 units at $20c. Nov.

4: Sold 10 unitsd. Nov. 17: Sold 20 unitse. Nov. 30: Purchased 10 units at $21Using a perpetual system, what is the cost of the merchandise sold for November if the company uses LIFO?a. $610b. $600c. $590d. $580
Business
2 answers:
spin [16.1K]2 years ago
6 0

Answer:

c.$590

Explanation:

The LIFO system is one in which items are last purchased are sold first. this may not be the best system of inventory valuation for items with expiry dates.

Given that the company sold 10 and 20 units on Nov 4 and Nov 17

The sale on Nov 4 would have been the items purchased on Nov 1 while the sale on Nov 17 must have been from the purchase made on Nov 10

Hence Inventory sold cost

= $19 * 10 + $20 *20

= $590

Zigmanuir [339]2 years ago
4 0

Answer:

the cost of the merchandise sold for November if the company uses LIFO is c. $590

Explanation:

LIFO Inventory System sells the Inventory recently acquired first followed by the Older Inventory Acquired.

<u>Cost of the merchandise sold for November - Calculation</u>

November 4 : 10 units × $19    =$190

November 17 : 20 units × $20 =$400

Total                                          =$590

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shusha [124]

Answer:

The correct answer is C) c-type conflict.

Explanation:

Type C conflict is that conflict that arises from differences of opinion related to problems and affective conflict refers to the emotional reactions that can occur when disagreements become personal. Cognitive conflict includes disagreements related to goals, resource allocation, reward distribution, policies and procedures, and homework assignments. Affective conflict results from feelings of courage, distrust, fear, and resentment; as well as personality clashes. Cognitive conflict is strongly associated with improvements in the performance of work teams while affective conflict is strongly associated with decreased performance of work teams.

4 0
3 years ago
Warner Corporation purchased a machine 7 years ago for $405,000 when it launched product P50. Unfortunately, this machine has br
maxonik [38]

Answer:

1. $46,550

2. $405,000

3. $450,600

Explanation:

1. Computation of differential cost regarding the decision to buy the model 200

Differential cost = Cost of a new model 300 - Cost of a new model 200

Differential cost = $396,350 - $349,800

Differential cost = $46,550

So, the differential cost regarding decision to buy model 200 is $46,550.

2. Sunk costs are the costs which are already incurred by the entity in the past and which are not relevant to decision made today. In this case, sunk cost is the cost of the machine purchased seven years ago for $405,000.

3. Opportunity cost is the profit forgone by chosen alternative course of action. In this case, the Opportunity cost regarding the decision to invest in the model 200 machine is $450,600.

6 0
3 years ago
Suppose an early freeze affects the market for oranges. The equilibrium quantity in this market will not change after the change
BlackZzzverrR [31]

Answer:

2) perfectly vertical

Explanation:

When the price elasticity of demand is perfectly inelastic, the demand curve is perfectly vertical. This means that the quantity demanded will remain the same no matter what price.

In this scenario, the supply curve for oranges shifted to the left due to the early freeze, which results in a price increase at every level of quantity demanded. Since the demand is perfectly inelastic, the new equilibrium price will be determined by the how much the supply curve shifts.  

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3 years ago
what is a patent registration, design registration, NDA( non disclosure agreement, and a trademark registration
nata0808 [166]

Answer:

find all answers in the explanation below

Explanation:

Patent Registration: This can be defined as the registration of the protection an invention to ensure that no one can make a copy of the said invention elsewhere. A patent registration is usually done after obtaining a patent right. A patent is the protection of an invention or idea to ensure that it is not produced or sold, etc by another individual. Patents are usually issued by the Patent and Trademark Office

Design Registration: This is the registration of a design such that it cannot be used elsewhere by another person. The registration of a design helps to protect the external look of an invention or product to ensure it is unusable anywhere else.

Non disclosure agreement: This is a legal contract that exists between two parties in which confidential messages, information, etc exchanged between them cannot be revealed to a third party. A non disclosure agreement is also called a confidential agreement or secrecy agreement or confidential disclosure agreement, etc among other names.

Trademark Registration: This can be defined as the registration of the protection of a company's mode of identity with its customers. Trademarks range from signs to symbols, to words, etc.

Cheers.  

8 0
3 years ago
How have newer work models made the workplace more efficient?
Lelu [443]

Explanation:

  • Don't be Afraid to Delegate. While this tip might seem the most obvious, it is often the most difficult to put into practice. ...
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8 0
2 years ago
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