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
Zina [86]
3 years ago
15

Stubbs Company uses the perpetual inventory method. On January 1, Year 1, Stubbs purchased 400 units of inventory that cost $8.0

0 each. On January 10, Year 1, the company purchased an additional 600 units of inventory that cost $9.00 each. If Stubbs uses a weighted average cost flow method and sells 700 units of inventory for $16.00 each, the amount of gross margin reported on the income statement will be:
A. $5,180.
B. $5,250.
C. $5,000.
D. $6,020.

Business
1 answer:
Sonja [21]3 years ago
3 0

Answer:

A. USD 5,180/-

Explanation:

In the actual method of inventory valuation, the inventory reaming and the COGS (Cost Of Goods Sold) is measured after each purchase or sale of a  transaction. So the COGS and the remaining value of the inventory is known all the time.

Formula:

  • Gross margin is equal to Sales minus COGS

You might be interested in
Tammy has just opened a donut shop called the rabbit hole. given that the rabbit hole is in its start-up phase, which of these w
Yakvenalex [24]
Sisgsksbgkavaknaks sbs
8 0
3 years ago
Which of the following choices is not an example of a common payroll deduction?
Zepler [3.9K]

Answer:

C

Explanation:

3 0
3 years ago
Shay is preparing to go into her meeting with her supervisor, Jill, to discuss her annual evaluation. She knows that there have
ehidna [41]

Shay was trying to: resist being defensive.

<h3><u>Explanation:</u></h3>

The term resist refers to the act of withstanding. It is an act through which a person fights firmly and strongly. The act through which an individual induces threats through the behaviour refers to be defensive. It makes them to be unique in the task they do. A person will be resist and defensive when he or she knows that their work is good enough and there will be no pint to prove them wrong or blamed.

In the given scenario, Shay knows that she performed better and he prepares herself not to be angry in the meeting held by her supervisor. She prepares herself with the entire question that will be asked her by the supervisor and how she must react to those questions. Thus, Shay was trying to: resist being defensive.

5 0
3 years ago
A new drug has not been approved by the FDA to sell in the U.S. because further testing is needed. The company has a chance to s
Juliette [100K]

Answer:

The correct answer is d. ethics.

Explanation:

Ethics is a systematic and critical analysis of morality, of the moral factors that guide human behavior in a given practice or society. As fishing represents an interaction between people and the aquatic ecosystem, fishing ethics refers to the values, rules, duties and virtues relevant to the well-being of people and the ecosystem, providing a critical normative analysis of the moral issues at stake. in that sector of human activities.

When moral values, rules and duties are subject to an ethical analysis, their relationship with the basic human interests shared by the population, regardless of their cultural environment, is particularly important. Moral values ​​can change and moral reasoning asks whether activities legitimated traditionally and in practice by religion, law or politics deserve to be recognized. Indeed, the evolution of ethics in the last century has been characterized by the tendency to change values ​​and overthrow the moral conventions that have guided relations between the sexes, between human beings and animals and between human beings and their environment. A more recent task of ethics is to offer resistance to these tendencies to globalization, commercialization and mastery of technology that erode biodiversity and valuable aspects of cultural identity and that could even threaten human rights. Although these trends are often presented as neutral in relation to values, they carry hidden hypotheses that are possible sources of inequality and abuse.

6 0
3 years ago
Suppose you bought 100 shares of IBM at $200 per share. What is the maximum loss if you place a stop-loss order at $165
Lynna [10]

Answer:

$3,500

Explanation:

Placing a stop-loss order at $165 means that the last amount that the stock traded, it had a price of $165 per share.

Based on that, it is evident that each stock has lost $35 when compared to the price at which the stop-loss order was placed and the initial cost per share of $200.

Loss per share=$200-$165=$35

The loss incurred on 100 shares of IBM=loss per share*number of shares owned

The loss incurred on 100 shares of IBM=$35*100

The loss incurred on 100 shares of IBM=$3,500

4 0
3 years ago
Other questions:
  • A firm produces 400 units of output at a total cost of $1,200. If total variable costs are $1,000, Group of answer choices avera
    5·1 answer
  • Novak Corporation is preparing its 2014 statement of cash flows, using the indirect method. Presented below is a list of items t
    15·1 answer
  • Consider the following data that identifies real gross domestic product (GDP) in comparison to the long-run trend of real GDP to
    13·1 answer
  • Embezzlement, forgery and false swearing are examples of which of the following?
    11·1 answer
  • makes handheld calculators in two​ models: basic and professional. Aragon estimated $ 819 comma 500 of manufacturing overhead an
    13·1 answer
  • To promote information sharing, certain guidelines must be followed in DoD Manual 5200.01, Volumes 1 and 2, when classifying and
    12·1 answer
  • A company produces 500 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactu
    8·1 answer
  • Suppose a supply shock shifts the aggregate supply curve from AS1 to AS2, and decreases output below full employment. If the Fed
    10·1 answer
  • A(n) ________ represents a condensed version of the registration statement that enables prospective investors to evaluate a stoc
    9·1 answer
  • Which of the following is NOT necessarily a characteristic of successful entrepreneurs?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!