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
skelet666 [1.2K]
3 years ago
9

Rosierre Company purchased two identical inventory items. One of the items cost $6.00 and was purchased in January. The other wa

s purchased in February, and the company paid $7.00 for this item. One of the items was sold in March at a price of $10.00. Select the correct answer assuming that Rosierre uses a FIFO cost flow assumption. Multiple Choice A) The balance in ending inventory would be $7.00. B) The amount of gross margin would be $3.00. C) The amount of ending inventory would be $6.50. D) The amount of ending inventory would be $6.00.
Business
1 answer:
victus00 [196]3 years ago
5 0

Answer:

A) The balance in ending inventory would be $7.00.

Explanation:

FIFO Perpetual chart is attached.

FIFO Perpetual chart shows purchases , sales and balance of each period.  We must see final situation to know which is the final inventory balance.

The balance at the end of March is

Units Unit Cost Total

   1              7                   $7,00

Total=$7.00

Download xlsx
You might be interested in
Puvo, Inc., manufactures a single product In which variable manufacturing overhead is assigned on the basis of standard direct l
pantera1 [17]

Answer:

I'm figuring this out for you!

Explanation:

8 0
3 years ago
Assume that you are working for a manufacturing company in the United States that hopes to sell its products throughout the worl
Nostrana [21]

The correct matches are the following.

1. Increasing the number of products your company exports from the United States to Canada without tariffs that could hurt profits. = e) NAFTA.

2. Resolving an issue that involves rules of trade that are impacting your business as you try to increase distribution to several markets in Africa. = b) World Trade Organization.

3. Selling your products to an expanding middle class of consumers in Guatemala. = d) DR-CAFTA

4. Problems selling to Japanese consumers due to the instability of the exchange rate between American and Japanese currencies. c) International Monetary Fund.

5. Allowing your manufacturing plant in Spain to quickly reduce barriers in its efforts to market and sell products in France. = a) European Union.

Knowing these organizations and their main functions will help you to understand foreign trade, its characteristics in a b¿globalizaed world, and the peculiarities according to each region. Every trade agreement has its details and you want to become an expert in the region you choose to maximize your sales and profits.

That is why many countries associate in trade agreements, as is the case of NAFTA, the North America Free Trade Agreement signed by Mäxico, the United States, and Canada, now turned into USMCA, the United States, México, and Canada Agreement.

8 0
3 years ago
In the private purchase of a used car, __________ places the burden on the buyer to make sure the car is worth the price, so it
Doss [256]

Answer:

Caveat emptor is the correct answer.

Explanation:

7 0
2 years ago
Discuss the lengths to which you would go to manage political risk relative to the kinds of returns you would expect to gain?
AlexFokin [52]

Answer: In managing a political risk, the first thing to do is to go on a research, to determine the type of political risk that is likely to occurs in the country or state, and the level of influence this risk has on your business. If the risk is manageable, then investment can start, but before start, you should get a political risk insurance certificate, from a national insurance body or an international insurance body. If at a time the risk becomes higher, that it is likely to affect the production of my profit. The business will be incorporated with a government owned business. So as to sustain the business profit, because no Government will want to establish any law that will have big negative effect upon its own business. If the high risk is as a result of the host community, then the business should be incorporated with the community, so that their will see a sense of belonging to the business.

Explanation:

The political risk found in managing any business are the influences government policies have on that business, this includes taxes,spending,regulation,currency valuation,trade tariffs, minimum wage and environmental regulation.

7 0
3 years ago
Question 1 ronald reagan gave a speech in 1984 declaring "my dream is to see the day when nuclear weapons will be banished from
olchik [2.2K]
Make this more clear so I can help
3 0
3 years ago
Other questions:
  • How can crazy girlfriend be more understanding
    15·2 answers
  • Presented below are two independent situations: A) Sandhill Inc. acquired 10% of the 420,000 shares of common stock of Schuberge
    14·1 answer
  • Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing o
    11·1 answer
  • When Peter celebrated his 25th anniversary at the company, he felt that the gold watch he was given was just a meaningless trink
    10·1 answer
  • ​Mcleod, Inc. incurred fixed costs of $ 400 comma 000. Total​ costs, both fixed and​ variable, are $ 450 comma 000 when 59 comma
    7·1 answer
  • COMPARE AND CONTRAST WHOLE LIFE,VARIABLE LIFE AND TERM LIFE?
    11·2 answers
  • When a business doesn't have control of all the environmental forces, it is called ________ design. For example, Acme Medical re
    13·1 answer
  • The load rating limit can be exceeed in which of the following circumstances?
    12·1 answer
  • BK Books is an online book retailer that also has 10,000 "bricks and mortar" outlets worldwide. You are a risk-neutral manager w
    8·1 answer
  • How personality affect on performance of company
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!