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Shkiper50 [21]
3 years ago
10

Hale Company purchased two identical inventory items. The item purchased first cost $22.00. The item purchased second cost $25.0

0. Hale sold one of the inventory items for $40.00. Based on this information: A. the amount of ending inventory is $22.00 if Hale uses the LIFO cost flow method. B. the amount of gross margin is $15.00 if Hale uses the weighted average cost flow method. C. the amount of cost of goods sold is $25.00 if Hale uses the FIFO cost flow method. D. the amount of gross margin is $15.00 if Hale uses the FIFO cost flow method
Business
1 answer:
Novay_Z [31]3 years ago
6 0

Answer:

The correct answer is A. the amount of ending inventory is $22.00 if Hale uses the LIFO cost flow method

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The internal rate of return (IRR) refers to the compound annual rate of return that a project generates based on its up-front co
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Answer:

The answer and procedures of the exercise are attached in the following archives.

Explanation:

Consider this explanation too

The IRR is the project’s expected rate of return, assuming that intermediate cash flows also earn the IRR. If this return exceeds the cost of the capital invested in the project, the excess value goes to the firm’s shareholders. Therefore, independent projects whose IRR is greater than the WACC should be accepted.

Therefore in this case WACC of the project is 7% and IRR of the project is 1.86% which is less than WACC of the project. Hence the firm reject the project delta.

Calculation of IRR is based on Cash inflows and outflows for the number of years so that increase in cost of capital will not affect IRR.

5 0
3 years ago
People who want to buy a house typically ask the bank for a ___ over a 10-to-30 year period
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The answer is mortage according to edgnuity i just took the test and got a 100
5 0
3 years ago
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Rocoe Company produces a variety of garden tools in a highly automated manufacturing facility. The costs and cost drivers associ
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Answer:

Explanation:

Overhead allocation:

Unit level = $35,960/5800 * 480 = 2,976

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Facility level = 45,600/38,000 * 12,000 = 14,400

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7 0
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Leila is giving a speech about a new café that recently opened near her college campus. Her audience consists of her fellow clas
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Answer: Discussing about the services and inexpensive items in the menu.

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She can also persuade them by telling them the services provided by cafe. The nearness of the cafe from the campus could save time of the students, thus it could be a good point to attract the students.

8 0
3 years ago
Suppose the price of gasoline in July 2004 averaged $1.35 a gallon and 15 million gallons a day were sold. In October 2004, the
Alenkinab [10]

Answer:

0.15

Inelastic

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price  

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

change in quantity demanded = 14 million  - 15 million =  -1 million  

average of both demands = (14 million + 15 million  ) / 2 = 14.50 million

Midpoint change in quantity demanded =  -1 million  / 14.50 million = -0.069

midpoint change in price = change in price / average of both price

change in price = $2.15 - $1.35 = $0.80

average of both prices = ( $2.15 + $1.35 ) / 2 = $1.75

midpoint change in price = $0.80 /  $1.75 = 0.457

-0.069 / 0.457 = 0.15 demand is inelastic  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

 

6 0
3 years ago
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