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Dovator [93]
3 years ago
13

Sackett Corporation had a beginning inventory of 10,000 units, which were purchased in the prior year as follows: Units Unit Pri

ce September 4,000 $2.00 October 4,000 $2.10 December 2,000 $2.30 In the current year, Sackett purchases an additional 12,000 units (7,000 in June at $2.50 and 5,000 in November at $2.70) and sells 16,000 units. Using the FIFO method, what is Sackett’s ending inventory?
Business
1 answer:
Strike441 [17]3 years ago
7 0

Answer:

Sackett’s ending inventory is $16000

Explanation:

given data

                      Units              Unit Price

September    4,000            $2.00

October         4,000            $2.10

December     2,000            $2.30

to find out

FIFO method what is Sackett’s ending inventory

solution

we know here that unit sold = 16000 units

available for sale = 22000

so ending inventory = 22000 - 16000

ending inventory = $6000

so

unit included 6000 is latest purchase are

so November purchase 5000 @ 2.7 is = $13500

and June purchase 1000 @ 2.5 is = $2500

so total will be = $13500 + $2500

total = $16000

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Answer:

5.57%

Explanation:

Assuming that pure expectation theory holds, then the compounded returns of 1 year treasury security rate multiplied by the compounded return of 1 year security rate 1 year from now is equal to the compounded return of the 2 year treasury rate.

1 year treasury security rate = 4.25%

1 year treasury security rate 1 year from now = 6.9%

To solve, we have

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x = 1.0557 - 1

x = 0.0557

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3 years ago
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Answer:

<h2><em><u>correct option is </u></em></h2>

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3 years ago
The ________ takes into account such costs as deteriorated customer relations and lost sales
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The <u>Full cost view of maintenance</u> takes into account such costs as deteriorated customer relations and lost sales.

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7 0
2 years ago
A function related to public relations that includes creating sales literature, meeting displays and promotions is
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Answer:

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4 years ago
Hilda owes a significant amount of debt to a doctor's office, and they hired a collection agency to take up those claims. The co
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Answer: c. is violating the Fair Debt Collection Practices Act.

Explanation:

A person being in debt does not mean that they will lose their rights. They are still citizens and certain rights will be protected and these are shown in the Fair Debt Collection Practices Act.

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