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natita [175]
2 years ago
14

Delta Diamonds uses a periodic inventory system. The company had five one-carat diamonds available for sale this year: one was p

urchased on June 1 for $500, two were purchased on July 9 for $600 each, and two were purchased on September 23 for $650 each. On December 24, it sold one of the diamonds that was purchased on July 9. Using the specific identification method, its ending inventory (after the December 24 sale) equals:
Business
1 answer:
Over [174]2 years ago
8 0

Answer:

$1150

Explanation:

The ending inventory of Delta diamond using specific identification method will be

Date                         Purchase                     Cost

June 1                     one purchase               $500

July 9                    Two purchase                $600

September 23       Three purchase            $650

-------------------------------------------------------------------------------------

Total cost of goods available for sale       $1750

Less: Cost of goods sold                      -$600

===================================================

Ending inventory                                        $1150

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Assoli18 [71]

The following equation of parabola is given:

p(x)= - 5 x^2 + 240 x - 2475

where p(x) = y

This is a standard form of the parabola. We need to convert this into vertex form of equation. The equation must be in the form:

y – k = a (x – h)^2

Where h and k are the vertex of the parabola. Therefore,

y = - 5 x^2 + 240 x - 2475

y = -5 (x^2 – 48 x + 495)

Completing the square:

y = -5 (x^2 - 48 x + 495 + _) - (-5)* _

Where the value in the blank _ is = -b/2

Since b = -48        therefore,

y = -5 (x^2 – 48 x + 495 + 81) + 405

y – 405 = -5 (x^2 – 48 x + 576)

y – 405 = -5 (x – 24)^2

Therefore the vertex is at points (24, 405).

The company should make 24 tables per day to attain maximum profit.

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3 years ago
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4 0
3 years ago
Read 2 more answers
1. consumer products such a s furniture and appliances are typically distributed using ______ distribution
GaryK [48]
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4 0
2 years ago
2. Zach filed his individual federal tax return for the year ending December 31, 2018 on April 15, 2019 and he owed $25,000. As
jeyben [28]

Answer:

$26,125

Explanation:

[($25,000 x 0.005) x 9 + $25,000]

=$26,125

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4 0
3 years ago
Using these data from the comparative balance sheet of K. Leen Company, perform vertical analysis.
iogann1982 [59]

Answer and Explanation:

The vertical analysis is presented below:

Comparative Balance Sheet

<u>Particulars Dec 31, 2020      Percentage    Dec 31, 2019            Percentage </u>

(a)                      [(a) ÷ $3200000] × 100 (b)   [(b) ÷ $3000000] ×100

Accounts

receivables $400,000            12.5%             $400,000                  13.3%

Inventory        $864,000             27.0%           $600,000                   20.0%

Total Assets  $3,200,000          100.0%           $3,000,000              100.0%

4 0
2 years ago
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