Answer:
$2 per ball
Explanation:
The computation of the fixed cost per ball is shown below:
Fixed cost per ball = Total fixed cost ÷ number of balls produced
where,
Total fixed cost = 15,000 balls × $3 = $45,000
And, the number of balls produced = 22,500 balls
So, the fixed cost per ball is
= $45,000 ÷ 22,500 balls
= $2 per ball
Hence, the fixed cost per ball is $2 per ball
Answer:
b) $1,805
Explanation:
Using the FIFO method, the first units bought will be the first sold. Therefore, since there are 25 units on hand at the end of the year, 15 of those units will be from the last purchase at $75 each, and the remaining 10 units will be from the second purchase at $68 each. The amount of the inventory at the end of the year is:
The answer is alternative b) $1,805.
Answer:
The balance for long-term debt and retained earnings on Glen’s Tobacco Shop’s balance sheet is $18.2 million and $27.8 million respectively
Explanation:
The computation is shown below:
Given that
Debt = 50% × Total Assets
= 50% × $96.4 million
= $48.20 million
As we know that
Total Debt = Current Liabilities + Long Term Debt
$48.20 million = $ 30.0 million + Long Term Debt
So, the long term debt is $18.2 million
Now,
Total Assets = Total Liabilities + Owner's Equity
where,
Total Assets = Long Term Debt + Current Liabilities + Common Stock and paid-in surplus + Retained Earnings
$96.4 million = $18.2 million + $30.0 million + $20.4 million + retained earnings
So, the retained earnings is $27.8 million
Answer:
$5,180 and $35,120
Explanation:
The computation of the cost of goods sold and the ending inventory is shown below:
There are 500 unit sold so according to that the cost of goods sold is
Jan 1 60 units $66 $3,960
May 5 280 units $69 $19,320
Nov 3 160 units $74 $11,840
Cost of goods sold $35,120
Now the ending inventory is
Since there is a 70 ending inventory units i.e comes from
= 570 units - 500 units
= 70 units
So this should be at $74
i.e $5,180
<h2>The security system will alert authorities and deter criminals, protecting your valuables and property.
</h2><h2>The security system will give you peace of mind</h2>
Explanation:
Option 1: We cannot say that every visitor will be a thief or criminal. So a "home security system" is to stay alert from danger
Option 2: Burglars and home security system is to alert authorities and to protect our valuables. But home security system in addition can detect flood, fire, etc.
Option 3: Yes that's true. We feel like there is someone to protect us and our valuables. So it provides peace of mind.
Option 4: Why should we keep the doors unlocked? It will tempt for crime to happen. So this choice is invalid.
