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Vitek1552 [10]
3 years ago
15

Unland Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:

Business
1 answer:
Wewaii [24]3 years ago
6 0

Answer:

Ending inventory= $1706

Explanation:

Giving the following information:

Units Per unit price Total

1/1/2017: 290 *$5.00=  $1450

1/15/2017: Purchase,  140*$5.10= $714

1/28/2017: Purchase,  140*$5.30= $742

At the end of the month (1/31/2017) inventory showed that 230 units. If the company uses LIFO (last-in, first-out)

Ending inventory= 140*5.30+140*5.10+50*5= $1706

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Apple invented the modern smart phone but Android con trolled 80 percent of the world market in 2016 because of:__________.
timofeeve [1]

Answer:

Stimulus diffusion

Explanation:

In simple words, When a concept spreads from its historical flame outwards, the original thought is altered by the future followers which is known as stimulus diffusion. Given of the manner civilization adjusts to various environmental, economic, as well as political contexts, mostly all cultural evicting will include some form of stimulus dissemination.

Thus, from the above we can conclude that the correct answer is stimulus diffusion.

7 0
3 years ago
Suppose that in the market for loanable funds, the governement is currently running a deficit, and net exports are negative. The
balu736 [363]

Answer:  4. Demand will shift inwards, lower rates and decreasing lending.

Explanation:

People demand loanable funds for spending on consumption and investment. If there is a recession, people will buy less goods and companies will invest less as well.

This will reduce the demand that people and companies have for loanable funds. The demand will therefore shift inwards to the left and lead to lower rates and decreased lending.

5 0
3 years ago
A shift in the demand curve for pretzels increases the price of pretzels from $1.25 to $1.75 and its quantity demanded from 30 m
Sever21 [200]
Initial price, P₀ = $1.25
Initial demand, Q₀ = 30 million

New price, P₁ = $1.75
New demand, Q₁ = 35 million

By definition, price elasticity is
\eta = \frac{(Q_{1}-Q_{0})/(Q_{1}+Q_{0})}{(P_{1}-P_{0})/(P_{1}+P_{0})}
η = (5/65)/(0.5/3)
   = 0.4615

Answer: η = 0.46 (nearest hundredth)

This means that greater demand makes it possible to increase the price. Usually, this is not the case because lowering the price increases sales.

6 0
3 years ago
Marina and Nolan formed the MN Partnership. Marina contributed $20,000 of cash in exchange for her 50% interest in the partnersh
Natasha_Volkova [10]

Answer:

A) $25,000.

Explanation:

Marina's adjusted basis for her partnership interest at the end of the year = $20,000 (Marina's cash contribution) + $5,000 (Marina's share in the partnership's net taxable income) - $8,000 (distributions received by Marina) + $8,000 (Marina's share in the partnership's recourse liabilities) = $25,000

8 0
2 years ago
Knowledge Check 02 On February 28, the Jewelry store remits $975 of sales tax collected from its customers to the government. Pr
kodGreya [7K]

Answer:

Please refer to the below

Explanation:

Journal entry as seen below

Feb 28 Sales tax payable Dr $975

Cash Cr $975

Since Jewelry store collected the sales tax from its customers, sales tax account will be debited because it reduces the balance in the account while cash account will be credited because the balance therein increases due to the sales tax collected.

7 0
3 years ago
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