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]
2 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]2 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
Transatlantic air travel in business class has an estimated elasticity of demand of 0.62, while transatlantic air travel in econ
marusya05 [52]

The reason that the elasticity of demand is 0.62 for business and 0.12 for economy is because the economy class is more elastic than that of the business.

When the flight ticket of those flying business class is raised, they would not be affected much because they are rich and can afford it. They do not care much about the raise in price.

For the average flyer using the economy flight, raising the price of the ticket would affect him and he may end up reducing his demand for it.

Read more on brainly.com/question/10423637?referrer=searchResults

5 0
3 years ago
Jose goes to an all-you-can-eat buffet at a Chinese restaurant and consumes three plates of food. He does not go back for a four
kkurt [141]

Answer:

The marginal utility of the fourth plate is zero or below zero

Explanation:

The reason is that the law of diminishing marginal utility says that the marginal utility of a product declines upon continuous consumption of that item. This means that the utility before the consumption of first buffet was high and when the second buffet was consumed by the same person the utility was further reduced and so on. This means that the utility must be positive which if is higher enough then the customer is will to pay and eat the buffet again. If it is zero or below zero the customer is not willing to pay for the buffet. This is the reason the person doesn't ordered the item again.

You can not eat the same buffet for all the 365 days. This means the taste of a tasty food fades away after some time or I would say that the utility is gone. Same is the case when you will keep using cellphone for a period and then sell it or dispose it because the item doesn't entertains you or in other words the utility has significantly fallen and is almost zero or below zero.

5 0
3 years ago
Explanation of the fair trade logo​
inn [45]

~Hello There!~

The fair trade logo means that the cost of the product provides a fair living wage for the workers that produced/created the items.

Hope This Helps You!

Good Luck :)

Have A Great Day ^_^

- Hannah ❤

5 0
3 years ago
Dream, Inc., has debt outstanding with a face value of $6 million. The value of the firm if it were entirely financed by equity
Deffense [45]

Answer:

$650,000

Explanation:

For computing the decrease in the  expected bankruptcy costs, first we have to determine the total firm value in each case which is shown below:

Total firm value = Equity + Debt × corporate tax rate

                          = $17,850,000 + $6,000,000 × 0.35

                          = $17,850,000 + $2,100,000

                          = $19,950,000

Now the total firm value based on market share

= Equity + Debt

= 350,000 shares × $38 + $6,000,000

= $13,300,000 + $6,000,000

= $19,300,000

The difference would be

= $19,950,000 million - $19,300,000

= $650,000

5 0
2 years ago
Unlike other car rental agencies that are based in airports to serve travelers, wheelz-on-rent has a network of neighborhood off
scZoUnD [109]

It can be concluded that the Wheelz On Rent most likely practices the concentrated marketing. Concentrated marketing is a type of strategy in which the products are being made and produced because of a specific segment of the population of the consumer of that they are likely to be made for a specific segment.

7 0
3 years ago
Other questions:
  • Tell me about a time when you decided to sacrifice short-term gain for long term-success for your company?
    7·1 answer
  • Herman, who is not a dependent, states he wishes to claim EITC this year for his 35-year-old dependent child. Both reside in the
    8·1 answer
  • Which statement is strongly a sustainable future to alleviate the risks posed by today's production and consumption patterns?
    8·1 answer
  • True or false
    9·1 answer
  • Anupam's company manufactures industrial ladders. He is concerned that consumerswho do not understand ladder safety will purchas
    7·1 answer
  • A ________ is best described as a voluntary arrangement between firms that involves the sharing of knowledge, resources, and cap
    8·2 answers
  • You will pay $7,000 now to purchase a perpetuity which will pay you and your heirs $340 at the end of each year, forever. What i
    9·2 answers
  • On December 1, Macy Company sold merchandise with a selling price of $9,000 on account to Mrs. Jorgensen, with terms 4/10, n/30.
    7·1 answer
  • bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 5,600 direct labo
    12·1 answer
  • Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39.1 million ca
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!