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Nataliya [291]
3 years ago
13

A workbook contains sales information for the first quarter and you are interested in finding the totals sales generated in janu

ary by the sales rep jim anderson. what function is best suited to handle the task?
Business
1 answer:
Juli2301 [7.4K]3 years ago
3 0

The function that is best suited in handling the task that will help you in seeking the information needed such as the total sales generated in January is the SUMIFS. This function will help in summing the values in the cells base on the dates or numbers provided.

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The units of an item available for sale during the year were as follows: Jan. 1 Inventory 9 units at $47 $423 Aug. 13 Purchase 1
pantera1 [17]

Answer:

a. First-in, first-out (FIFO) $813

b. Last-in, first-out (LIFO) $773

c. Weighted average cost $795

Explanation:

Date          transaction         units        unit cost           total cost

Jan. 1           Inventory         9 units       at $47              $423

Aug. 13        Purchase        19 units      at $50              $950

Nov. 30       Purchase        13 units       at $51              $663

Available for sale 41 units $2,036

Ending inventory 16 units

a. First-in, first-out (FIFO) $

ending inventory = (13 x $51) + (3 x $50) = $813

COGS and ending inventory are calculated based on the oldest units purchased

b. Last-in, first-out (LIFO) $

ending inventory = (9 x $47) + (7 x $50) = $773

COGS and ending inventory are calculated based on the last units purchased

c. Weighted average cost

ending inventory = ($2,036 / 41) x 16 = $795

COGS and ending inventory are calculated using an average

5 0
3 years ago
Providing services to a credit customer was recorded with a debit to cash and a credit to retained earnings. This error would ca
balu736 [363]

Since this was added 3 weeks ago. What was the correct answer?

3 0
3 years ago
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kenny6666 [7]
Hello!

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5 0
3 years ago
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Your furniture-making company has a policy of increasing prices 3% per year to keep up with inflation. Last year your luxury cha
NikAS [45]

Answer:

They should be priced $540.75 at this year.

Explanation:

Given that,

Furniture-making company has a policy of increasing prices 3%.

Last year, luxury chairs were priced at $525.

The price of the chair increase= 3% of $525

                                                  =\$(\frac{3}{100}\times 525)

                                                  =$15.75

The price of the luxury chair is=$(525+15.75)

                                                  =$540.75

They should be priced $540.75 at this year.

6 0
3 years ago
Which of the following statements about federal student loans is TRUE?
Shtirlitz [24]

A.the interest rate on your loan will be fixed over time


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