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3 years ago

The following units are available for sale during the year:

Business

1 answer:

irakobra [83]3 years ago

8 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

January 1 Beginning Inventory 10 units at $18 each

April 3 Purchase 30 units at $20 each

August 31 Purchase 28 units at $25 each

September 29 Purchase 17 units at $30 each

Ending Inventory= 21 units

First, we need to calculate the ending inventory using the FIFO (first-in, first-out) method.

The ending inventory is calculated using the cost of the last units incorporated into inventory.

Ending inventory= 17*30 + 4*25= $610

Now, we need to calculate the ending inventory using the LIFO (last-in, first-out) method.

The ending inventory is calculated using the cost of the firsts units incorporated into inventory.

Ending inventory= 10*18 + 11*20= $400

Finally, we need to calculate the ending inventory using the weighted-average inventory method.

average cost= (18 + 20 + 25 + 30)/4= $23.25

Ending inventory= 21*23.25= $488.25

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Answer:

What is the probability that the next student to purchase a meal plan will be assigned to the Commons?a. 0.33

Explanation:

P(A) = (No. of ways A can occur)/(Total no. of possible outcomes)

P=1/3

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3 years ago

Read 2 more answers

Sheffield Corp. estimates its sales at 150000 units in the first quarter and that sales will increase by 15000 units each quarte

Varvara68 [4.7K]

Answer:

183,750

Explanation:

Data provided in the question:

Sales in the first quarter = 150,000 units

Increase in sales each quarter = 15000 units

Ending inventory = 25% of the current sales units

Now,

Ending inventory of first quarter = 25% of Units produced in the first quarter

= 0.25 × 150,000

= 37,500

Units produced in the first quarter = Sales + Ending inventory of first quarter

= 150,000 + 37,500

= 187,500

Units to be produced in the second quarter

= Sales in second quarter - Ending inventory of first quarter + Ending inventory

= [ 150,000 + 15,000 ] - 37,500 + 25% of [ 150,000 + 15,000 ]

= 165,000 - 37,500 + 41,250

= 168,750

Units to be produced in the Third quarter

= Sales in third quarter - Ending inventory of second quarter + Ending inventory

= [ 150,000 + 15,000 + 15,000 ] - 41,250 + 25% of [ 150,000 + 15,000 + 15,000 ]

= 180000 - 41,250 + 45,000

= 183,750

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3 years ago

If a frozen pizza plant is the cost object, classify each of the following costs as direct or indirect, respectively: property i

emmainna [20.7K]

Answer:

Indirect

Direct

Iindirect

Explanation:

Direct cost is the cost that can be traced back to the cost object whereas the indirect cost cannot be traced back. Cost object is something to which the costs are assigned. in this case the cafeteria workers are directly working with the cost object:Frozen pizza plant, hence the cost is directly associated with that. Janitorial supplies and property insurance cost does not directly relate to The cost object given here so it will be classified as indirect cost.

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3 years ago

Three employees believe that their pay is too low. One of them quits, the second complains to management about the low pay, and

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Answer and explanation:

The EVLN (Exit, Voice, Loyalty, Neglect) model explains how employees react differently in front of dissatisfaction at work. In such a way:

Exit: implies quitting or requesting a change of roles within the same organization.
Voice: involves providing constructive suggestions about a stressful situation.
Loyalty: implies waiting for the issue to be solved by others.
Neglect: involves reducing labor efficiency to harm the company's performance.

Thus, in the example, the exit (employee who quits), voice (employee who complains), and loyalty (employee who does nothing) reactions are used by employees even if they share the general idea that payments are low.

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3 years ago

An effective price ceiling will cause consumers to: Instructions: In order to receive full credit, you must make a selection for

photoshop1234 [79]

Answer:

gain surplus from paying a lower price

Explanation:

An effective price ceiling will cause consumers to "gain surplus from paying a lower price."

This is based on the idea that an effective price ceiling usually leads to prices being below the equilibrium price or equates to a lower price.

At this point, the buyers demand more of the products, while the sellers have a lower incentive to produce more. And therefore, the quantity demanded will exceed the quantity supplied.

Hence, consumers gain excess (more demands) by paying a lower price.

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3 years ago