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
dalvyx [7]
3 years ago
15

A company had the following purchases and sales during its first year of operations: Purchases Sales January: 28 units at $210 1

9 units February: 38 units at $215 18 units May: 33 units at $220 22 units September: 30 units at $225 21 units November: 28 units at $230 35 unitsOn December 31, there were 42 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
Business
1 answer:
DedPeter [7]3 years ago
4 0

Answer:

$12,245

Explanation:

January:

Total value = Units left in inventory × cost per unit

                   = (28 - 19) × $210

                   = $1,890

February:

Total value = Units left in inventory × cost per unit

                   = (38 - 18) × $215

                   = $4,300

May:

Total value = Units left in inventory × cost per unit

                   = (33 - 22) × $220

                   = $2,420

September:

Total value = Units left in inventory × cost per unit

                   = (30 - 21) × $225

                   = $2,025

November:

Total value = Units left in inventory × cost per unit

                   = (35 - 28) × $230

                   = $1,610

Cost of the ending inventory:

= $1,890 + $4,300 + $2,420 + $2,025 +  $1,610

= $12,245

You might be interested in
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year
lina2011 [118]

Answer:

15%

Explanation:

The computation of the internal rate of return is shown below:

Given that

Year       Cash Flow

0             -$27,100

1                $11,100

2               $14,100

3                $10,100

The formula to compute IRR is

= IRR()

After applying the above formula, the internal rate of return is 15%

4 0
3 years ago
Banking requirements
GalinKa [24]

Answer and Explanation:

In the case when the new customer added $100 to his account so this would rise the loan amount also at the same time it increased the reserve and debt account

The leverage ratio is

= Total asset ÷ equity

= $2,000 ÷ $1,075

= 1.8604

Now the new leverage ratio is

= $2,000  + $100 ÷ $1,075

= 1.9534

So the initial leverage ratio is 1.86 to the new value of 1.95

The bankers should taken into account for distributing the asset is return on each asset  

3 0
3 years ago
Pei's savings account balance is $12,000 today. Pei opened the account exactly 7 years ago with a $10,000 deposit. Pei has made
koban [17]

Answer:

2.64%

Explanation:

A = P(1 + r)^n

A = $12,000

P = $10,000

n = 7 years

12,000 = 10,000(1 + r)^7

(1 + r)^7 = 12,000/10,000 = 1.2

(1 + r)^7 = 1.2

1 + r = (1.2)^1/7

I + r = 1.0264

r = 1.0264 - 1 = 0.0264

r = 0.0264 × 100 = 2.64%

5 0
3 years ago
In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsid
timofeeve [1]

Answer:

Correct answer:

b) lower prices for consumers and producers

Explanation:

In United States of America, food is one of the fundamental things which the government guarantee its citizens. Most agricultural products are subsidized by the government both for the farmers (producer) and the citizens (consumers).

<em>The subsidy for the producer could be inform of payment of incentive, giving out agricultural implements and grants. On the other-hand, the subsidy to the consumer could be inform of reduced price of the agricultural food crops.</em>

6 0
3 years ago
In order for a broker to write an offer for a buyer on a HUD-acquired property, the broker must use a:
sashaice [31]

Answer:

HUD sales contract

Explanation:

An HUD sales contract is a form that is filled by a broker concerning the sale of a property or properties. Filling an HUD sales contract is a very important knowledge that a sales agent must possess as it could either impress or discourage a buyer from purchasing a property. An HUD sales contract is also called HUD-9548.

I hope this helps.

7 0
3 years ago
Other questions:
  • A couple has two children. They live in Missouri and have a combined annual income of $96,730. The couple has a mortgage, a car
    8·1 answer
  • A firm purchased copper pipes a few years ago at ​$2 per pipe and stored​ them, using them only as the need arises. The firm cou
    7·1 answer
  • Take a stab at this question (you’ll need to do some multiplication). Every day, 500,000 drivers in Los Angeles incur an additio
    5·1 answer
  • Lucy Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March the company incurred the fo
    9·1 answer
  • You sell Jessica a current up-to-date rental list and provide all the proper disclosures and paperwork. Jessica contacts you 15
    5·1 answer
  • Suppose the economy is closed with national saving of $3 trillion, consumption of $10 trillion, and government purchases of $4 t
    9·1 answer
  • Six Sigma process improvement efforts are carried out by project teams consisting of people serving in specialized roles such as
    11·1 answer
  • How much did the 20 gb playstation 3 cost when it first came out in 2006?
    12·1 answer
  • A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the
    5·1 answer
  • Scenario: Marsha Jones is a recent college graduate. She worked during college and managed to save $2,000 in her savings account
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!