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
Karolina [17]
3 years ago
15

Determine the cost of merchandise sold for the transaction on October 8 using the perpetual inventory system and the LIFO method

. Date Item Units Cost Total Beginning inventory 5 $10 $50 October 4 Purchase 8 12 96 October 8 Sale 6 October 20 Purchase 15 14 210 October 25 Sale 12
a.$96
b.$72
c.$210
d.$62
Business
1 answer:
Ira Lisetskai [31]3 years ago
7 0

Answer:

b.$72

Explanation:

The computation of the cost of merchandise sold using the LIFO method for October 8 is shown below:

Since on October 8, the 6 units are sold

So under the LIFO method, the 6 units rate is taken from the October 6 i.e $12

So, the cost of merchandise sold is

= 6 units × $12

= $72

All the other information which is mentioned in the question is not relevant. hence, ignored it

You might be interested in
In the movie 9 to 5​, Maria Delgado worked mornings and her​ sister, who came in a few minutes before Maria​ left, worked the sa
labwork [276]
This type of flexible work arrangement is known as SHIFT.
In shift arrangement, the hours in the days are often divided equally into night and day sections, which are handle by different employees. Sometimes, a day work may be divided into three shift depending on the policies of the concerned company.

3 0
3 years ago
Read 2 more answers
Jeff was in a department store standing near a clothing rack. Store security felt that he was acting suspiciously because he was
liraira [26]

Answer:

c. No; the facts of this situation do not provide reasonable grounds for a stop and search. Any attempt to do so by store security could result in a claim of false imprisonment.

Explanation:

According to the situation described in the question above, store security has no right to stop and search for Jeff. Therefore, the letter c is the most correct answer to this question.

Jeff's actions in the store do not provide sufficient reasons for there to be any kind of stop and research, as the facts in the situation do not provide enough information about an illegal act, so if store security forces a situation there could be legal damage to the store .

Therefore, it is essential that stores adopt a theft prevention strategy, with an effective security system and a team prepared to carry out correct approaches.

4 0
3 years ago
1) The Pet Company has recently discovered a type of rock which, when crushed, is extremely absorbent. It is expected that the f
Olenka [21]

Answer:The Pet Company has recently discovered a type of rock which, when crushed, is extremely absorbent. It is expected that the firm will experience (beginning now) an unusually high growth rate (20%) during the period (3 years) when it has exclusive rights to the property where this rock can be found. However, beginning with the fourth year the firm's competition will have access to the material, and from that time on the firm will assume a normal growth rate of 8% annually. During the rapid growth period, the firm's dividend payout ratio will be relatively low (20%), to conserve funds for reinvestment. However, the decrease in growth will be accompanied by an increase in dividend payout to 50%. Last year's earnings were $2.00 per share (E0) and the firm's cost of equity is 10%. What should be the current price of the common stock?

Explanation:

5 0
3 years ago
You have a rich aunt who wants to give you money. She offers you two choices: Choice 1: You receive $100 starting today once a y
ValentinkaMS [17]

Answer:

Choice 1 is more profitable.

Explanation:

Giving the following information:

Choice 1:

You receive $100 starting today once a year every year for the rest of eternity.

Choice 2:

You receive $200 today and then $50 once a year starting next year for all of eternity.

<u>I will assume an interest rate of 8%</u>

The first option and second option are a perpetual annuity. To calculate the present value, we need to use the following formula:

Choice 1:

PV= Cf/i

Cf= 100

i=0.08

PV= 100/0.08= $1,250

Choice 2:

PV= 50 + 50/0.08= $825

Choice 1 is more profitable.

5 0
3 years ago
Marketing intermediaries add value and create efficiencies by:
Kisachek [45]

Marketing intermediaries add value and create efficiencies by:

a. providing convenience.

c. reducing the number of exchanges between producers & buyers

d. performing necessary activities such as storage and transportation

<h3>What are marketing intermediaries?</h3>

Marketing intermediaries can be defined as organizations that are saddled with the responsibility of transporting goods and services from producers (manufacturers) to businesses, and from businesses to consumers (B2C).

This ultimately implies that, marketing intermediaries are able to add value and create efficiencies by providing convenience and performing activities such as transportation and storage.

Read more on marketing intermediaries here: brainly.com/question/17367610

#SPJ1

Complete Question:

Marketing intermediaries add value and create efficiencies by:

a. providing convenience

b. eliminating activities such as transportation & storage

c. reducing the number of exchanges between producers & buyers

d. Performing necessary activities such as storage and transportation

6 0
2 years ago
Read 2 more answers
Other questions:
  • On December 31, 2020, Grand Company had $1,232,000 of short-term debt in the form of notes payable due February 2, 2021. On Janu
    13·1 answer
  • Everything Looks Like a Nail, Inc. is a manufacturing company that produces hammers. The company faces a number of different fix
    12·1 answer
  • which of the following are examples of financial goals? chelsea wants to be able to afford her own apartment. martina wants a pa
    11·1 answer
  • Why is education considered as foundation of any proffession.
    7·1 answer
  • Assume that on December 31, 2019, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage buildi
    5·1 answer
  • People who use white hat SEO tactics try to trick the search engine into thinking a website has high-quality content, when in fa
    8·1 answer
  • Joe verbally contracts with Delia to sell his farm to Delia. They do not sign a contract, but Delia takes possession, makes a do
    6·1 answer
  • Suppose that Jim uses his budget to purchase 100 units of Good X and 100 units of Good Y. When the price of Good X rises, he pur
    13·1 answer
  • At a higher price the quantity supplied of a product typically is<br><br> higher or lower
    9·1 answer
  • _____________segmentation differentiates among heavy users, medium users, light users, and nonusers of a specific product, servi
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!