Advantages of investment companies to investors include all but which one of the following?

A company uses the periodic inventory system and had the following activity during the current monthly period.

Alekssandra [29.7K]

Answer:

The answer is: $3,289

Explanation:

Date Units Unit price Inventory Average cost

Purchases

Nov. 1 103 units $20 per unit $2,060 $20 per unit

Nov. 5 103 units $22 per unit $4,326 $21 per unit

Nov. 8 53 units $23 per unit $5,545 $21.41 per unit

Nov. 19 30 units $25 per unit $6,295 $21.78 per unit

TOTAL 289 units $21.78 per unit $6,295 $21.78 per unit

Sales

Nov. 16 -138 units $21.78 per unit $3,006 $21.78 per unit

Ending inventory

Nov. 30 151 units $21.78 per unit $3,289 $21.78 per unit

3 0

3 years ago

A pay policy line Question 36 options: can be generated using a statistical method called regression analysis. can seldom provid

pentagon [3]

Answer:

A pay policy line reflects the pay structure in the market, which always matches rates in the organization.

Explanation:

A pay policy line is the salary level and organization chooses to pay its employees compared to the standard salary level in the market.

Organizations would prefer not to overpay or underpay their employees. Therefore they consider the standard pay structure of the market and match the amount they pay their employees to this structure.

8 0

3 years ago

Assume that Sara is partly correct in her assessment of the report. Upon further investigation, it is determined that 10 % of t

Sidana [21]

Answer:

CRS would not benefit from dropping Donnelly’s Pizza because it would lose $43,680 in revenues and save $43,344 in costs resulting in a $336 decrease in operating income.

Explanation:

Difference: Incremental(Loss in Revenues)and Savings in Costs from dropping Donnelly’s Pizza:

Revenues $(43,680)

Cost of goods sold 26,180

Order processing ($14,000 – 10% × $14,000)= 12,600

Delivery ($3,500 – 20% × $3,500)= 2,800

Rush orders 924

Sales calls 840

Total costs 43,444

Effect on operating income (loss)

$(336)

7 0

3 years ago

The following information was drawn from the 2016 accounting records of Ozark Merchandisers: 1. Inventory that had cost $21,200

solniwko [45]

Explanation:

Sales Discount = (Gross Sales - Sold Price) × Discount percentage

($39,900 - $1,520) × 2%

Net sales = Gross Sales - Sales Returns - Sales Discounts

= $39,900 - $1,520 - $767.60

= $37,612.40

Ozark Merchandisers Income Statement

Net Sales Revenue $37,612.40

Cost of Goods Sold ($21,200 - $920) $20,280

Gross Profit $17,332.40

Selling and Administrative Expenses $4,200

Income from Operations $13,132.40

Other Income

Gain on sale of land $1,250

Interest Expense ($360) $890

Net Income $14,022.40

Under Finance activities the interest expense is $360 in the statement of cash flow.

6 0

3 years ago

An example of an ________ ________ is where Sylvania provides lightbulbs that, one might assume, are safe to use and will last f

Juliette [100K]

Answer:

Implied warranty.

Explanation:

Implied warranty is when there are presumed assurance of the performance of a product due to the circumstances of the sale. For example when one purchases a television the assumption is that the television will work. This is the implied warranty when making a purchase.

In this instance Sylvania sells light bulbs and the buyer assumes that the bulbs are safe to use, and will last for a good period of time before they fail.

A violation of implied warranty for example is if one buysa product and it does not work at all. The customer can return the item for replacement.

7 0

3 years ago