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
anastassius [24]
3 years ago
7

Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases

(listed in chronological order of acquisition):· 40 units at $100· 70 units at $80· 170 units at $60Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year. Ending inventory using the average cost method (rounded) is:Select one:a. $650b. $707c. $1,000d. $600
Business
1 answer:
Firlakuza [10]3 years ago
7 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Purchases:

40 units at $100·

70 units at $80·

170 units at $60

Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.

First, we need to calculate the average purchase cost.

Average cost= (100*40 + 80*70 + 60*170)/280= $70.7

Now, we can calculate the value of ending inventory:

Inventory= $70.7*10= $707

You might be interested in
If a fishing boat owner brings 10,000 fish to market and the market price is $7 per fish, she will have $70,000 in total revenue
Alex777 [14]

Answer:

$10,000

Explanation:

Given that

Total revenue is $70,000

Total fixed cost is $40,000

And, the total variable cost is $10,000

According to the given situation, the computation of profit is shown below:-

Profit = Total Revenue - Total Fixed cost - Total variable cost

= $70,000 - (10,000 × $4) - 10,000

= $70,000 - 40,000 - 10,000

= $10,000

Therefore for computing the profit we simply applied the above formula.

6 0
3 years ago
You have informed users that you need to bring the machine down at the end of the day to perform routine maintenance. However, p
Rom4ik [11]

Answer:

shutdown -h +15 It is time for a shutdown!

Explanation:

shutdown -h +15 It is time for a shutdown!

5 0
4 years ago
Melanie works in the public relations department at a major university. She is the editor of an internal newspaper, called Updat
Maurinko [17]

Options:

A) employee affairs

B) corporate relations

C) internal relations

D) employee relations

E) house communications

Answer:D) employee relations.

Explanation: Employee Relations is a term used in the field of human resources management to describe the various steps and actions put in place by an organisation in order to ensure a high performing,motivated and a positive relationship with its staff.

THROUGH AWARDS AND OTHER REWARD SYSTEMS ORGANISATIONS CAN EFFECTIVELY MAINTAIN A POSITIVE EMPLOYEE RELATIONSHIP.

6 0
3 years ago
ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP
Elodia [21]

Answer:

D. $80,000

Explanation:

When costs are incurred during manufacture, they are debited to the Work In Process Account.

Note that, ABC charges direct materials to WIP and indirect materials are charged to the Factory Overhead account.

Total Direct Materials = Total Materials Issued to Production - Indirect Materials Issued to Production

therefore,

Total Direct Materials = $110,000 - $30,000 = $80,000

Conclusion :

The debit to Work-in-Process Inventory account for materials is $80,000

3 0
3 years ago
Andre is considering an investment in Bristol Inc. and has gathered the following information. What is the expected standard dev
liberstina [14]

Answer:

c. 24.78%

Explanation:

For computing the expected standard deviation first we have to find out the expected rate of return which is shown below:

Expected rate of return = Respective return × Respective probability

=(0.4 × -10) + (0.2 × 10) + (0.4 × 45)

= 16%

Now we have to find out the total probability which is shown below:

Probability Return Probability × (Return - Expected Return)^2

0.4                  -10         0.4 × (-10-16)^2         = 270.4

0.2                    10         0.2 × (10 - 16)^2        = 7.2

0.4                   45         0.4 × (45 - 16)^2       = 336.4

Total                                                                   = 614%

As we know that

So

Standard deviation= [Total probability × (Return - Expected Return)^2 ÷ Total probability]^(1 ÷2)

= (614)^(1 ÷ 2)

= 24.78%

8 0
3 years ago
Other questions:
  • N increase in buyers' income in the market for radios will _______ the market price and ________ the market quantity of radios,
    8·1 answer
  • Fed could change its inflation target temporarily to offset the effect of an aggregate demand shock (a-bar). In this problem, yo
    10·1 answer
  • With practical illustration, how can managers leverage on organizational behavior components to maximize business success
    8·1 answer
  • Which statement best describes capitalism
    15·1 answer
  • Time Warner shares have a market capitalization of billion. The company is expected to pay a dividend of per share and each shar
    8·1 answer
  • The opportunity cost of earning an advanced collage degree is that
    8·1 answer
  • Millie withdraws $1,000 from her checking account so she can have $1,000 in cash. If no other changes occur, M1 will
    6·1 answer
  • "Planning sessions, workshops, formal reports, and personal conversations are all part of the internal __________ that is necess
    5·1 answer
  • On January 1, 2020, Cheyenne Company purchased 40% of Santos Corporation 465,000 outstanding shares of common stock at a total c
    11·1 answer
  • PLEASE!!!! Lucinda is paid
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!