1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivenika [448]
3 years ago
11

Assume that Bee Bees Fish Store uses a periodic LIFO inventory system. Its ending inventory consists of 13 fish. Calculate the d

ollar value of its ending inventory.
Jan. 1 Beginning Inventory 10 @ $12
Jan. 5 Purchase 10 @ $15
Jan. 30 Purchase 10 @ $18
Jan. 8 Sale 17 fish

(A) $225
(B) $285
(C) $165
(D) $130
Business
1 answer:
pogonyaev3 years ago
7 0

Answer: The answer is $165

Explanation

Date Qty Price Value Qty Price Value Qty Value

Jan1 10 12 120- - - 10 120

Jan5. 10 15 150 - - 20 270

Jan 8 - - - 17 15 255 3 15

Jan30 10 18 180 - - - 13 165

You might be interested in
Sheen Awnings reported net income of $90 million. Included in that number were depreciation expense of $3 million and a loss on
Serggg [28]

Answer:

The Sheen’s cash flows from operating activities is $95 million

Explanation:

Cash flows from operating activities :

The cash flow from operating activities includes all those activities which are of short term period. Like changes in working capital or we can say increase in currents assets or decrease in current assets or increase/decrease in current liabilities.

The increase in current liabilities increase the cash balance, hence it is added and decrease in current liabilities decrease the cash balance. But in the case of current asset, it is opposite.

The depreciation expense and loss on sale of equipment is added. So, we take them in the computation part.

The cash flow from operating activities is equals to

= Net income + depreciation expenses + loss on sale of equipment - increase in accounts receivable +  increase in accounts payable - increase in inventory

= $90 + $3 + $2 - $1 + $4 - $3

= $95 million

Hence, the Sheen’s cash flows from operating activities is $95 million

8 0
3 years ago
Money is a ______ of some item or group of items that is used as a medium of exchange.
Naily [24]

The fact that money can be used as a medium of exchange is as a result of it being a <u>stock </u>of some items.

<h3>What can money do?</h3>

Money allows for us to trade goods and services which makes it invaluable as a medium of exchange.

The reason money can do this is because it can be denoted as the stock or value of some items.

Find out more on the purposes of money at brainly.com/question/3182649.

4 0
2 years ago
Miller Fruit wants to expand its citrus grove operations. The firm estimates that it needs $8.6 million to buy land and establis
sergeinik [125]

Answer:

2.072 rights

Explanation:

Amount needed to buy the land = $8.6 million = $8,600,000

stock outstanding = 540,000

Market price per share = $34.80

subscription price = $33 a share

Now,

Number shares to be issued = ( Amount needed ) ÷ ( subscription price )

= $8,600,000 ÷ $33

= 260606.06 shares

1 rights will be issued per stock

thus,

number of rights required for purchase

= ( stock outstanding ) ÷ ( Number shares to be issued  )

= 540,000 ÷ 260606.06

= 2.072 rights

3 0
3 years ago
Excess return portfolio performance measures
Crank

Answer:

The answer would be E

Explanation:

Excess return, also known as alpha, is a measure of how much a fund has under or outperformed the benchmark against which it is compared.

metric allows investors to compare sets of funds against each other, in order to see which fund has generated greater excess returns.

8 0
3 years ago
What functions would it be most important for a project management software program to have?
Mariana [72]

Answer:

Explanation:

Question

Rocks around mid-oean risend automatic updates to the project teamhow earthquakes happen  

create calendars and schedules, manage project budgets, an

create calendars and schedules, manage project budgets, and enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project teamd enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project team

C. changes in the earth's crust

create calendars and schedules, manage project budgets, and enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project team

5 0
3 years ago
Other questions:
  • Vincente is conducting research to test the hypothesis that the social contagion effect is weak in adults. His finding that adul
    15·1 answer
  • A withholding allowance is a _____.
    11·1 answer
  • You purchased 50 shares of a stock at $100 per share. Your stock value dropped 5% in one year. If the stock were to continue to
    11·2 answers
  • The private equity firm Clarence Partners is looking at a leveraged buyout
    6·1 answer
  • A few years ago the British government was considering​ retiring, or buying back from​ investors, some outstanding consols that
    5·1 answer
  • True False All other variables held constant, investments paying simple interest have to pay significantly higher interest rates
    13·1 answer
  • A $25,000 price tag on a new car is an example of money as
    12·1 answer
  • Hii. Look at the pic plz.
    11·2 answers
  • Gus has applied for a home equity line of credit from his federally insured bank so that he can make some renovations to his kit
    11·1 answer
  • which of the following statements is most accurate about creating effective podcasts? a. podcast hosts should consider general a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!