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2 years ago

Required information

Business

1 answer:

Triss [41]2 years ago

4 0

Answer:

1. Ending inventory = $3519

2. Cost of Goods Sold = $21030

3. Sales Revenue = $27279

4. Gross Profit = $6249

Explanation:

FIFO method of inventory valuation is whereby the stock that first comes into the business, leaves first. This is common in perishable inventory such as vegetables or fruits.

Jan 1. Beginning inventory: 53 units x $45 = $2385

Total

53 units x $45 = $2385

Apr 7. Purchase 133 units x $47 = $6251

Total

53 units x $45 = $2385

133 units x $47 = $6251

Jul 16. Purchase 203 units x $50 = $10150

Total

53 units x $45 = $2385

133 units x $47 = $6251

203 units x $50 = $10150

Oct 6. Purchase 113 units x $51 = $5763

53 units x $45 = $2385

133 units x $47 = $6251

203 units x $50 = $10150

113 units x $51 = $5763

1. Ending inventory = 502 - 433 = 69 hence,

69 units x $51 = $3519

2. Cost of Goods Sold =

[$2385 + $6251 + $10150 + (44 units x $51)] = $21030

OR $24549 - 3519 = $21030

3. Sales Revenue =

433 units x $63 = $27279

4. Gross Profit = Sales Revenue - Cost of Goods Sold hence,

$27279 - 21030 = $6249

Read more on opportunity cost here:

brainly.com/question/1549591

#SPJ4

3 0

1 year ago

Crumbie, a cereal company, not only provides nutritional information on the packaging box of its products but also goes a step a

omeli [17]

The answer is: Consumerism

Consumerism refers to a view that encourage the purchase of goods and services. Companies can contribute to consumerism during their marketing campaign. During the campaign, they would do many things to make their products seems desirable , which would encourage the consumers to buy their products.

7 0

2 years ago

"Expected Return Ecolap Inc. (ECL) recently paid a $0.46 dividend. The dividend is expected to grow at a 14.5 percent rate. At a

skad [1K]

Answer:

15.7%

Explanation:

The price of a stock can be modeled by the present value of the stream of future dividends discounted at a rate equal to the return expected.

The equation, when the dividends are expected to grow at a constant rate, less than the return rate is:

$Price_0=\dfrac{Div_1}{r-g}$

Where:

Price₀ is the current price: $44.12

Div₁ is the dividend to be paid a year from now: $0.46 × 1.145 = $0.53

g is the expected constant growth rate: 14.5% = 0.145

r is the expected return

Then, you can solve for r:

$r=\dfrac{Div_1}{Price_0}+g$

$r=\dfrac{\$ 0.53}{\$ 44.12}+0.145=0.157=15.7\%$

4 0

2 years ago

(a) When an anti-assignment clause exists in a contract, a court will not enforce it because it is against public policy.

lidiya [134]

Answer:

a. FALSE

b. A contract cannot forbid the assignment of the right to receive funds . Assignments also cannot be restricted for the transfer of real estate , also called a restraint against alienation . A contract cannot prohibit the assignment of checks or promissory notes, also called negotiable instruments . The right to receive damages in a contract for the sale of goods also can be assigned, even if the contract forbids it.

4 0

2 years ago

Nelson Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annu

Katyanochek1 [597]

Answer:

14.74 %

Explanation:

Accounting rate of return = Average Profits / Average Investment x 100

therefore,

Accounting rate of return = ($100,000 - $65,000) / $237,500 x 100

= 14.74 %

where,

Average Investment = ( initial investment + scrape value ) ÷ 2

3 0

2 years ago