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DerKrebs [107]
3 years ago
10

You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of

Business
2 answers:
Alex3 years ago
6 0

Answer:

You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of  your balance will remain?

The percent balance will remain 90%

Explanation:

$1725.25 - $167.50= $1557.75

percentage left= 1557.75/1725.25 X 100

percentage left= 90.291= 90.30%

maw [93]3 years ago
4 0

Answer:

D

Explanation:

Account balance =1725.25

Amount to be withdrawn =167.50

What would be remaining =1725-167.50 =1557.75

Percentage remaining = 1557.75/1725.25 *100 =90.3

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Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 23 units $16 5 Sale 1
Allisa [31]

Answer:

(a) the cost of the goods sold for the September 30 sale and

  • COGS = $415

(b) the inventory on September 30.

  • Ending inventory = 9 units at $17 = $153

Explanation:

date        transaction           units         unit price          total

1              beginning inv.        23                $16               $368

5             sale                        -13                                    ($208)

17            purchase               24                 $17               $408

30           sale                       -25                                    ($415)

30           ending inv.              9                 $17               $153

When we use first in, first out (FIFO) inventory method, the price of the units sold are calculated using the oldest units in inventory.

The COGS of the units sold on Sept. 5 = 13 units x $16 = $208

The COGS of the units sold on Sept. 30 = (10 units x $16) + (15 units x $17) = $160 + $255 = $415

Ending inventory = 9 units at $17 = $153

4 0
3 years ago
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production
Blizzard [7]

Answer:

$3,500

Explanation:

Under variable costing method, product costs are calculated on variable manufacturing  costs only.

Step 1 : Determine unit Product Cost

Product Cost = Variable Manufacturing Costs

                      =  $ 35

Step 2 : Determine the units in Inventory

Units in Inventory = Opening Stock + Production - Sales

                              = 0 +  7,210 - 7,110

                              = 100 units

Step 3 : Determine Inventory value

Inventory value = Units x Cost per unit

                           = 100 units x $ 35

                           = $3,500

Conclusion :

the ending inventory of finished goods under variable costing would be: $3,500

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