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
As a consultant to Basso Inc., you have been provided with the following data: D1 = $0.67; P0 = $27.50; and g = 8.00% (constant)
Alex787 [66]

Answer:

Cost of common from reinvested earnings  = 10.44 %

so correct option is c. 10.44%

Explanation:

given data

D1 = $0.67

Po = $27.50

g = 8.00%

to find out

cost of common from reinvested earnings based on the DCF approach

solution

we get here Cost of common from reinvested earnings that is express a s

Cost of common from reinvested earnings  = \frac{D1}{Po} + g   ............1

put here value we get

Cost of common from reinvested earnings  = \frac{0.67}{27.50} + 8%

Cost of common from reinvested earnings  = 10.44 %

so correct option is c. 10.44%

5 0
4 years ago
The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ende
Ierofanga [76]

Answer:

$0.72

Explanation:

total direct materials = $125,000

total variable selling costs = $15,000

total variable costs = $140,000

variable cost per unit = $140,000 / 1,000 units = $140 per unit

contribution margin ratio = (sales price - variable cost) / sales price = ($500 - $140) / $500 = 72%

this means that per dollar of sales, $0.72 are left to cover fixed costs and contribute to operating income

8 0
3 years ago
In your own words, describe what civic engagement means to
tino4ka555 [31]

Answer:

Civic engagement means, work to make difference in the civic life of the community , using combination of values, motivation, skills and knowledge to make difference.

  • It can be both formal or informal,  
  • It can have many forms such as community engagement, volunteerism, government work and organizational involvement and electoral participation.
  • Civic engagement work such as volunteering and voting can help people develop skills, voice and knowledge to make positive change in the society and helps to improve the conditions which influence well being and health for all.
  • Many people volunteer to clean the riverbeds , or by collecting the garbage from beaches, they can be considered to be civically engaged. They do it because it gives them a sense of contributing to the society by keeping rivers and beaches clean.
4 0
4 years ago
Read 2 more answers
Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported steel rods.
AlekseyPX

Jobs argument justifications is the pundit using to argue for the trade restriction on steel rods

Explanation:

A main argument often put forward to curb trade would be that trade decreases the amount of jobs domestically available.

The point about maintaining jobs is often put forward by employers to protect union jobs. Nevertheless, unions are undermining the market by prohibiting businesses from receiving their products at lower prices, causing them to increase prices. Moreover, businesses are often discouraged from using automation or robotics to retain jobs, which is ironic because automation and robotics improve the productivity of workers, thereby encouraging companies to pay employee salaries and benefits.

8 0
3 years ago
In the resource-based model of above-average returns, a capability is:
grigory [225]

Answer:

The correct answer is c. the capacity for a set of resources to perform a task or an activity in an integrative manner.

Explanation:

The central assumption of the resource-based model says that the company's unique capabilities, resources and core competencies influence the choice and use of strategies rather than the external environment of the company. This yields higher than average returns when uses its valuable and unique capabilities, expensive to imitate and impossible to substitute to compete against its rivals in one or more industries. The evidence indicates that the two models provide knowledge that is linked to the choice and successful use of strategies. Consequently, companies want to use their unique core resources, capabilities and competencies as the basis for one or more strategies that allow them to compete in industries they understand.

6 0
3 years ago
Other questions:
  • Select all that apply.
    9·2 answers
  • An RR sold shares of new stock issue of ABC Corp. to a customer at $20 per share. After a week, ABC is selling at $10. The RR of
    13·1 answer
  • Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,100 of dir
    14·1 answer
  • Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a con
    10·1 answer
  • A new customer calls a representative and says the following: "I own 1,000 shares of DEF stock, which is currently held at anoth
    7·1 answer
  • Amy, the chief operations officer of a company that manufactures baby products, formulates a plan on how the company's newly lau
    8·1 answer
  • The question of when revenue should be recognized on the income statement (according to GAAP) is addressed by the:Select one:a.
    10·1 answer
  • What is AIA Invoicing​
    14·1 answer
  • "The Four Ps and Three Cs form the basis of a simple model for TQM to take organizations successfully into the twenty-first cent
    12·1 answer
  • Audra recently earned her associate’s degree and is looking for a job. Her resume lists her strengths in a separate section. Som
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!