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IrinaK [193]
3 years ago
9

Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 30 units

were purchased at $11 per unit. August 18 35 units were purchased at $13 per unit. August 29 32 units were sold. What is the amount of the cost of goods sold for this sale?
Business
1 answer:
Tasya [4]3 years ago
5 0

Answer:

The amount of the cost of goods sold for this sale is $386

Explanation:

For computing the cost of goods sold, first, we have to find out the per unit of the cost which is shown below:

Per unit of cost = (Total purchase cost) ÷ (total units purchased)

where,

Total purchased units = Number of units × purchase price per unit + Number of units × purchase price per unit

= 30 units × $11 + 35 units × $13

= $330 + $455

= $785

And, the total units purchased equal to

= 30 units + 35 units

= 65 units

Now put these values to the above formula  

So, the per unit would equal to

= $785 ÷ 65 units

= $12.07 per unit

So, the cost of goods sold equal to

= Number of units sold × per unit

= 32 units ×  $12.07 per unit

= $386.46

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Answer:

$0 stock basis; $10,000 debt basis

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You are analyzing the cost of capital for a firm that is financed with 65 percent equity and 35 percent debt. The cost of debt c
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Answer:

c. 15.8%

Explanation:

The cost of equity is the WACC (weighted average cost of equity)

WACC formula = wE*rE + wD*rD(1-tax) , whereby

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rD(1-tax ) = after tax cost of debt =8%

WACC = (0.65 *0.20) + (0.35*0.08)

= 0.13 + 0.028

= 0.158 or 15.8%

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Which of the following forms of business organizations does not have the pass-through feature of income and losses? a. partnersh
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Answer:

c. corporation

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A corporation is expected to file its income tax returns at the end of every financial year. The owners of a corporation or its shareholders are also expected to file their separate income tax returns. An element of double taxation arises the business is taxed, and the owners are also taxed separately. In the other form of business ownership, the business incomes pass as owner's income resulting in single taxation.

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Medication is the most common treatment for seizure disorders.
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Reba dixon is a fifth-grade schoolteacher who earned a salary of $38,000 in 2017. she is 45 years old and has been divorced for
dezoksy [38]
Explanation

a.

Alimony received: $1,200 per month × 12 months = $14,400

Gift from mother = $3,000 gift excluded from income

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Moving expenses: $2,010 (for moving company) + $200 (for lodging) + $242 for mileage (1,426 miles × .17 cents per mile) = $2,452

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Casualty loss deduction: $900 − $100 = $800 − $6,385 [10% × (3)] = $0

Personal and dependency exemptions: One personal and one for Heather. See Note A. below (2 × $4,050) = $8,100

Tax on taxable income: See head of household tax rate schedule; $1,335 + $4,955.70 [15% × ($46,388 − $13,350)] = $6,291

Note A. The first question we have to answer to determine Reba’s filing status is whether she can claim Heather as a dependent. If so, she may qualify for head of household filing status. If not, she will file a single taxpayer.

Does Heather qualify as Reba’s dependent? Yes, as analyzed below.

 

<span><span>TestIs Heather a qualifying child of Reba?</span><span>RelationshipYes, daughter</span><span>AgeYes, under age 24 and a full- time student (and younger than Reba).</span><span>ResidenceYes, Heather had the same principal residence as Reba for the entire year.</span><span>SupportYes. Heather did not provide more than half of her own support. Her scholarship does not count as support she provided for herself because she is Reba’s child.</span></span>

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3 years ago
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