Find a convenient and reasonable unit of measurement to use, then divide the cost of the package by the number of units chosen in that package.
Answer:
Number = 1,490
Cost of goods available for sale = $75,200
Explanation:
Computing the number as:
Number = (Beginning inventory + Purchases + Purchases) - Sales
Number = (1,220 + 310 + 270) - 310
Number = 1,800 - 310
Number = 1,490
Computing the cost of goods available for sale as:
Cost of goods available for sale = Total cost of beginning inventory + Total Cost of purchase + Total Cost of purchase
Cost of goods available for sale = $17,600 + $27,900 + $29,700
Cost of goods available for sale = $75,200
Answer: A preferred stock's nominal (par) value is important in that it is used to calculate its dividend while the nominal value of common stock is an arbitrary value assigned for balance sheet purposes. In economics, nominal value refers to the current monetary value and does not adjust for the effects of inflation.
Explanation:
Hope it helps
Answer:
$ 714,550
Explanation:
straight line depreciation:
cost $29,900,000
avoidable interest
AKA interest capitalized through building account $ 592,000
Building posted in the accounting: 30,942,000
salvage value: <u> ( 2,360,000)</u>
<em>amount subject to depreciation 28,582,000</em>
useful life of he building 40 years
depreciation per year: 714,550