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
Katen [24]
2 years ago
11

U-Save Automotive Group purchased 10 vehicles during the current month. Two trucks were purchased for $20,000 each, two SUVs wer

e purchased for $31,000 each, and six hybrid cars were purchased for $27,000 each. A review of the sales invoices revealed that five of the hybrid cars were sold and both trucks were sold. What is the cost of U-Save's ending inventory if it uses the specific identification method?
Business
1 answer:
iragen [17]2 years ago
4 0

Answer:

$89,000

Explanation:

When using the specific identification method for ending inventory, the amount of goods remaining are multiplied by their purchase cost at their purchase date. Therefore, if five hybrid cars were sold and both trucks were sold, final inventory consists of two SUVs ($31,000 each) and one hybrid car ($27,000):

I = 2*31,000 + 1*27,000\\I = 89,000

The cost of U-Save's ending inventory is $89,000

You might be interested in
A factory costs $400,000. It will produce an inflow after operating costs of $100 000 in year 1. $ 200,000 in year 2, and $ 300,
Delvig [45]

Answer:

NPV = $62,258.56

Explanation:

initial outlay year 0 = $400,000

cash inflow year 1 = $100,000

cash inflow year 2 = $200,000

cash inflow year 3 = $300,000

discount rate = 12%

using a financial calculator, NPV = $62,258.56

if you do it by hand:

NPV = -$400,000 + $100,000/1.12 + $200,000/1.12² + $300,000/1.12³ = -$400,000 + $89,285.71 + $159,438.78 + $213,534.07 = $62,258.56

3 0
2 years ago
Someone help me on some marketing questions
almond37 [142]
I think it would be generic brand
7 0
3 years ago
Suppose there is a simultaneous increase in demand and decrease in supply, what effect will this have on the equilibrium price?
Sunny_sXe [5.5K]

Although the impact on the equilibrium quantity cannot be determined, a rise in demand and a decrease in supply will result in an increase in the equilibrium price. 1. Consumers now place a higher value on goods, and producers must charge a higher price to offer the goods; as a result, prices will rise for all quantities.

If demand increases at the same time as supply increases, as is the case in the scenario depicted, the new equilibrium price will be greater than the initial equilibrium price.

We therefore know that an increase in supply decreases equilibrium price and increases quantity, while a rise in supply increases equilibrium price and decreases quantity (and vice versa) (and vice versa).

To learn more on equilibrium price

brainly.com/question/14480835

#SPJ4

5 0
1 year ago
I’m<br> Sorry if this is hard to read but help me please it’s very important!!!!
Archy [21]

The answer is to know the reliability of the informationa

8 0
3 years ago
In margin buying you borrow shares to sell now and buy back the shares later and return those. True or False
kotegsom [21]

Answer:

False

Explanation:

When you buy on margin you are borrowing money from your broker in order to purchase securities. The advantage of buying on margin is that you can purchasing a larger amount of stocks, but that also increases the risk of your investment as well as the potential returns.

7 0
2 years ago
Other questions:
  • Which scenario best reflects the relationship between production and demand in a recession?
    9·2 answers
  • Amy Xia's plant was designed to produce 7,000 hammers per day but is limited to making 6,000 hammers per day because of the time
    5·1 answer
  • Suppose Dee's just acquired the assets of Flo's Flowers. The book value of Flo's Flowers assets was $68,000 but Dee's paid a tot
    7·1 answer
  • On February 1, a customer's account balance of $2,300 was deemed to be uncollectible. What entry should be recorded on February
    15·1 answer
  • JPL Company has two segments - Retail and Commercial. The Retail segment has a contribution margin ratio of 40% and traceable fi
    14·1 answer
  • Suppose that you were born in 1999. Also, suppose that your mother received a $100 baby shower gift at your birth. How much woul
    9·1 answer
  • Sue invested $5,000 in the ABC Limited Partnership and received a 10 percent interest in the partnership. The partnership had $2
    13·1 answer
  • Alan, an accountant in a law firm, is summarizing his company’s expenses and revenue in the form of an income statement. However
    14·2 answers
  • Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 75,000 $1 par c
    5·1 answer
  • Data entered into a computer is called a...
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!