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Ainat [17]
3 years ago
14

EA4.

Business
1 answer:
mart [117]3 years ago
8 0

Answer:

$1,000

Explanation:

As we know that

Cost of material used = Beginning balance of inventory + purchase made during the month - ending balance of inventory

$900 = $200 + purchase made during the month - $300

$900 = -$100 + purchase made during the month

So, the purchase made during the month would be

= $900 + $100

= $1,000

We simply added the purchase to the beginning inventory and deduct the ending inventory

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Swifty Industries had the following inventory transactions occur during 2014: Units Cost/unit 2/1/20 Purchase 55 $46 3/14/20 Pur
kykrilka [37]

Answer:

$3,785

Explanation:

FIFO Inventory valuation method requires that the Inventory which is purchased first should be sold first and inventory Purchased at last should be sold at last.

As we know Gross profit is the Net of Sales and Cost of Goods Sold.

Sales                            $9,800

Cost of Goods Sold    <u>($6,015)</u>

Gross Profit                  <u>$3,785</u>

All workings are made in an MS Excel File, which is attached with this answer Please find it.

Download xlsx
5 0
3 years ago
A computer shop with three processes (repair, upgrade, and checkout) has two types of customers (upgrade and repair/enhance). A
netineya [11]

Answer:

2upgrade and 21 repair \enhance

6 0
2 years ago
Why is communication believed to be the foundation of covenantal relationships?
dalvyx [7]
<span>Communication is believed to be the foundation of covenantal relationships because it is the only way to share our ideas and our feelings with one another. In a relationship, two people work together to make the other better. Through difficult times and accomplishments the couple grows together and the goal is to make the other person a better version of themselves. Communication allows the couple to explore these moments fully so that they can each be understood and have the opportunity to understand.</span>
3 0
3 years ago
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of re
irinina [24]

Answer:

March 15,

Dr. Dividend                $20,520,000

Cr. Dividend Payable $20,520,000

April 13,

Dr. Dividend Payable $20,520,000

Cr. Cash                      $20,520,000

Explanation:

A dividend is announced and paid after some days, so the journal entries for both event will be recorded separately.

At The time of Declaration no payment is made, only a liability is created against the dividend payment.

Dividend Value = $0.095 x 216,000,000 shares =  $20,520,000

Payment will be made by debiting the dividend payable account to adjust the liability account and Crediting cash for the payment of cash dividend.

8 0
3 years ago
An index model regression applied to past monthly returns in Ford’s stock price produces the following estimates, which are beli
Neko [114]

Answer:

(1.32%)

Explanation:

The computation of the abnormal change in Ford’s stock price is shown below:

Given that

rF = 0.1% + 1.1rM

If the market index rises by 10.2%

So, now the equation is

= 0.1% + 1.1 × 10.2%

= 0.1% + 11.22%

= 11.32%

And, the stock price rises by 10%

So, now the abnormal change in Ford stock price is

= 10% - 11.32%

= (1.32%)

7 0
3 years ago
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