Answer:
Ending Inventory 31,900
COGS 65,300
Explanation:
![\left[\begin{array}{cccc}$Date&$Cost&$Units&$Subtotal\\Beginning&20&100&2,000\\P1&22&1,800&39,600\\P2&26&800&20,800\\P3&29&1,200&34,800\\Total&&3,900&97,200\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%24Date%26%24Cost%26%24Units%26%24Subtotal%5C%5CBeginning%2620%26100%262%2C000%5C%5CP1%2622%261%2C800%2639%2C600%5C%5CP2%2626%26800%2620%2C800%5C%5CP3%2629%261%2C200%2634%2C800%5C%5CTotal%26%263%2C900%2697%2C200%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Ending Inventory: 3,900 available - 2,800 = 1,100
As we use FIFO the 1,100 untis from ending inventory will be from the newest purchase:
1,100 units at 29 = 31,900
then we can calculate COGS as the difference between the cost of goods available for sale and the ending inventory
97,200 - 31,900 = 65,300 COGS
Answer:
The sustainable growth rate is 16.52%
Explanation:
To compute the substantial growth rate, first, we have to calculate the retention ratio. The formula to compute the retention ratio is shown below:
= 1 – payout ratio
= 1 – 0.16
=0.84 or 84%
Now, we use the formula of substantial growth rate which is shown below:
= (Return on equity × retention ratio) ÷ { 1 - (Return on equity × retention ratio)}
where,
Return on equity = (Net income ÷ total equity) × 100
= ($3,640 ÷ $21,560) × 100
= 16.88%
= (16.88% × 84%) ÷ ( 1 - 16.88% × 84%)
= 0.141792 ÷ (1 - 0.141792 )
= 0.141792 ÷ 0.858208
= 0.1652 or 16.52%
Answer:
South American country should lower price
Explanation:
The elasticity of demand can be computed by finding the derivative of the demand function as D(p)=75-3*p^2
the elasticity of demand=-p*D'(p)/D(p)
D'(p) is the derivative of D(p)
elasticity of demand=-p*d/dp(75-3p^2)/(75-3p^2)
d/dp(75-3p^2)=0-(2*3p^2-1)
=-6p
elasticity of demand=-p*-6p/75-3p^2)
=6p^2/(75-3p^2)
since p=$3
elasticity of demand=6*(3^2)/(75-3(3^2)
=6*9/(75-3*9)
=54/(75-27)
=1.125
Since elastic of demand is greater than 1 , a reduction in price would lead more revenues as more small % change reduction in price would bring about more % increase in quantity demanded
Based on the financial cost incurred if supply is disrupted and the probability that this happens, the number of suppliers the manager should use is Two (2) suppliers.
<h3>How many suppliers should be used?</h3>
If 3 suppliers are used, the probability of disruption would be:
= Probability of super event + (1 - Probability of super event) x Probability of unique event^ number of suppliers
= 5% + (1 - 5%) x 10%³
= 0.145
The payoff would be:
= 2 million x 0.145 + 30,000
= $191,900
With two suppliers:
= 2 million x (5% + (1 - 5%) x 10%²) + 30,000
= $169,000
With one supplier :
= 2 million x (5% + (1 - 5%) x 10%) + 30,000
= $320,000
The lowest cost is with 2 suppliers so this should be chosen.
Find out more on probability of disruption at brainly.com/question/16625463.
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