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andriy [413]
3 years ago
10

Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identifica

tion, ending inventory consists of 390 units, where 370 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Business
1 answer:
Dahasolnce [82]3 years ago
4 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

For specific identification, ending inventory consists of 390 units, where 370 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.

We weren't provided with enough information to answer the requirement. But, I can give you the answer using simulated numbers.

<u>Under specific identification, the company calculates the ending inventory and cost of goods sold with the exact units that were sold or remain in inventory.</u>

For example:

Beginning inventoy= $15 per unit

Jan. 30: $17 per unit

Jan. 20: $16 per unit

Ending inventory= 370*17 + 5*16 + 15*15= $6,595

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Answer:

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Non Bank Institutions provide avenues for transforming an economy's savings to capital investment.

One way they do this is by underwriting new issues of securities for corporations, states, and municipalities needed to raise money in the capital markets.

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3 years ago
Before beginning to compose a successful business message, you need to collect necessary information by conducting informal or f
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You must first gather the relevant data by completing either formal or informal research before you can start to write a good business message. Frequently, the data you gather while conducting research aids in the development of your message.

<h2>Which of the following best sums up a message with a long-term impact?</h2>

A message that is highly complicated and has a long-term impact should be delivered verbally." Identify whether the claim is accurate or not. Despite the possibility that audiences will accept imprecise, vague, or conflicting business communications.

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5 0
2 years ago
Many classic entrepreneurs are _____ who start small and plan to keep their business small. Group of answer choices interpreneur
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Many classic entrepreneurs are micropreneurs who start small and plan to keep their business small.

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3 0
1 year ago
The reporting method that includes in the cost of inventory (and cost of goods sold) all product costs, including both fixed and
Vlad [161]

Answer:

The answer is absorption costing.

Explanation:

This method is used to indicate that all costs have been absorbed by the units produced, and  includes the following costs (fixed and variable):

1. Direct labor.

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3. Fixed manufacturing overhead.

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7 0
3 years ago
An investor is in a 30% combined federal plus state tax bracket. If corporate bonds offer 9% yields, what yield must municipals
Yuki888 [10]

Answer:

0.063 or 6.3% (or more)

Explanation:

Given:

Combined Tax Bracket = 30% = 30/100 = 0.30

Yields of corporate Bonds = 9% = 9/100 = 0.09

Yield to Shift Investors to choose municipal bonds = ?

Calculation:

Yield from corporate bond = (After tax yield) x Yield rate of corporate Bonds

                                              = (0.70) x (0.09)

                                              = 0.063 or 6.3%

Working note:

After tax yield = (1 - tax rate )

After tax yield = (1 - 0.30 )

After tax yield = (0.70)

so, they must give 6.3% yield

7 0
3 years ago
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