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Zigmanuir [339]
3 years ago
10

The following units of an inventory item were available for sale during the year: Beginning inventory 7 units at $50 First purch

ase 17 units at $53 Second purchase 20 units at $59 Third purchase 18 units at $62 The firm uses the periodic inventory system. During the year, 35 units of the item were sold. The value of ending inventory using FIFO is a. $2,548 b. $1,997 c. $1,318 d. $1,647 Chat Conversation End Type a message...
Business
1 answer:
Angelina_Jolie [31]3 years ago
5 0

Answer:

d. $1,647

Explanation:

The computation of the ending inventory using the FIFO method under the  periodic inventory system is shown below:

But before that first we have to determine the ending inventory units which is

= Beginning inventory + first purchase units + first purchase units + first purchase units - sold units

= 7 units + 17 units + 20 units + 18 units - 35 units

= 27 units

Now the ending inventory is

= 18 units × $62 + 9 units × $59

= $1,116 + $531

= $1,647

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Answer:

What will be the amount of this annuity payment?

$711.888

Explanation:

N Monthly principal interest Net value

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1 711.888 361.888 350.000 4.638.112

2 711.888 387.220 324.668 4.250.893

3 711.888 414.325 297.562 3.836.568

4 711.888 443.328 268.560 3.393.240

5 711.888 474.361 237.527 2.918.879

6 711.888 507.566 204.322 2.411.313

7 711.888 543.096 168.792 1.868.218

8 711.888 581.112 130.775 1.287.106

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10 711.888 665.315 46.572 (0)

7 0
3 years ago
44) Christopher, a department manager, is attending the monthly budget planning meeting where all the department managers report
andreev551 [17]

When Christopher ask questions and nods his head after their responses. He is exhibiting the active style of listening.

<h3>What is active listening?</h3>

Active listening is a type of listening where the listener give rapt attention to the person <em>speaking</em> including the guestures.

The individual also ask questions to confirm all that his learning.

Therefore, When Christopher ask questions and nods his head after their responses. He is exhibiting the active style of listening

Learn more on active listening here,

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5 0
2 years ago
Gremlin Industries will pay a dividend of $ 1.55 per share this year. It is expected that this dividend will grow by 7​% per yea
sasho [114]

Answer: 14%

Explanation:

We can calculate this using the Gordon Growth Model which looks like this,

P = D1 / r - g

P is the current stock price

D1 is the next dividend

r is the rate of return or the cost of capital

g is the growth rate.

We have all those figures except the cost of capital so making r the subject of the formula we can solve for it. Doing that will make the formula,

r = D/ P + g

r = 1.55 / 22.10 + 0.07

r = 0.1401

r = 14%

14% is the equity cost of capital.

If you need any clarification do react or comment.

3 0
3 years ago
Read 2 more answers
For a 13-person team, how many extra workers should be hired to meet the labor hours needed without overtime
Paha777 [63]

For a 13-person team, The number of extra workers that should be hired to meet the labor hours needed without overtime is 7.

<h3>What is Labor hours?</h3>

This is a term that connote the total hours of workers that are said to be having or getting an hourly wage and they are the ones who are said to be directly employed on the site of a building, public works project, etc.

Note that "Labor hours" is one that entails hours of work that has been carried out  by workers who have been employed by the general contractor or the subcontractors  that are found to be working on the project.

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8 0
2 years ago
The balances in Sanchez Accounting Services' office supplies account on February 1 and February 28 were $1,100 and $475, respect
Hitman42 [59]

Answer:

$575

Explanation:

Given that,

Opening office supplies = $1,100

Closing office supplies = $475

Office supplies expense for the month = $1,200

Opening stock + Purchases - Closing stock = Consumption

$1,100 + Purchases - $475 = $1,200

$625 + Purchases = $1,200

Purchases = $1,200 - $625

                  = $575

Therefore, the amount of office supplies was purchased during February is $575.

7 0
3 years ago
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