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
Oksi-84 [34.3K]
3 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]3 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]3 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

You might be interested in
Sally has been working really hard lately and asks her manager for a raise. Her manager tells her that she is already the highes
alukav5142 [94]

Answer:

C. hacking

Explanation:

Hacking is a term used to describe an unauthorized access to a computer data base for illegal purposes. It also means breaking into an organization's security data system either to corrupt data, steal information or disrupt certain activities.

Most hackers demand for monetary returns or cause collateral damage having gained unathourized access into an organization's data base.

There are several ways of hacking which includes;

Phising scam: An attempt to have access into a computer by making a user open an attachment or provide confidential information.

Malware attack: is a type of hacking attack which after being carried out, cripple activities of an entire organization including its business associate, government parastatals, customers etc in exchange for money.

Code break: This is where a secret software is installed to allow users hit a company' s data base through strings.

Organizations are beginning to expend money on their security systems by constantly updating them against any internal and external attack.

3 0
3 years ago
What is the relationship between gold standard and the concept of representative money?
ANTONII [103]
<span>It is the value of the gold that backs the value of representative money.</span>
5 0
3 years ago
Which of the following does NOT provide for incentives based on standards that are expressed in terms of time period per unit of
Lisa [10]

Answer:

a. Merrick System

Explanation:

Merrick System does not provide for incentives based on standards that are expressed in terms of time period per unit of production

6 0
3 years ago
Carmen is in the process of buying a car. She knows she needs a car loan, but she is unsure about which financial institution sh
lakkis [162]
She should take out a loan with a loan of 5 years period. In the cost and benefit term, it would better to take out the shorter loan period because automobile price tends to decrease in the following year after it has been bought. However, Carmen will not be able to fulfill the 4-year loan payment for each month, because the average auto loan interest rate for a person with 620 credit score is 9.48%. Carmen able to pay 7.72% ((48 x 150)-(8,500-3,000))/(8,500-3,000) interest on 4-year loan and 12.72% ((60 x $150)-($8,500-$3,000))/($8,500-$3,000) on 5-year loan<span>. It would be a safe decision to choose the 5-year loan because Carmen still able to pay the loan interest. </span>
3 0
3 years ago
Trend-Line Inc. has been growing at a rate of 6% per year and is expected to continue to do so indefinitely. The next dividend i
vodka [1.7K]

Answer:

a. $125

b. $80

c. $45

Explanation:

a. If the market expects a 10% rate of return on Trend-Line, at what price must it be selling? (Do not round intermediate calculations.)

Current selling price = Next dividend / (Rate of return - Growth rate) = $5 / (10% - 6%) = $125.

b. If Trend-Line’s earnings per share will be $8 next year, what part of its value is due to assets in place? (Do not round intermediate calculations.)

The value due to assets in place = Next year earning per share / Market rate of return = $8/10% = $80.

c. If Trend-Line’s earnings per share will be $8 next year, what part of its value is due to growth opportunities? (Do not round intermediate calculations.)

The value due to growth opportunities = Current selling price - The value due to assets in place = $125 - $80 = $45.

3 0
3 years ago
Other questions:
  • Journalize the following foregoing transactions of the buyer, assuming that the company uses the perpetual inventory system. Ref
    14·1 answer
  • The _________________________ adds insight into what the organization must do to respond to adverse events, minimize the damage
    7·1 answer
  • Match the job descriptions with the job titles.
    5·1 answer
  • Select the correct answer.
    11·1 answer
  • Brief, Inc., had a receivable from a foreign customer that is payable in the customer’s local currency. On December 31,2017, Bri
    14·1 answer
  • The advertising department for the Pennzoil Corporation is working on a print advertisement for a new product. At this point, th
    8·2 answers
  • ______________ knowledge refers to the entrepreneur's possession of information, technology, know-how, and skills that provide i
    14·1 answer
  • Assume that France and Morocco can both produce grain and dates, and that the only limited resource is the farming labor force,
    10·1 answer
  • the bookkeeper for Blue Spruce Equipment Repair made a number of errors in journalizing and posting, as described below. For eac
    9·1 answer
  • How did Joe Biden get president?<br> ⇔∈∉∧⊇←²³√∛·×÷±≈≠≥≤≡≅⇒,㏒
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!