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miskamm [114]
2 years ago
15

A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $60; Sec

ond purchase $67; Third purchase $64. If the company sold two units for a total of $209 and used FIFO costing, the gross profit for the period would be
Business
1 answer:
lys-0071 [83]2 years ago
8 0

Answer:

$82

Explanation:

As company Uses FIFO system, it will sell first two products

The cost price =($60 + $67 = 127).

So Gross profit = Selling Price-Cost Price

Gross Profit = 209-127

= $82

The gross profit for the period is $82

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When your manager, Novak, talks about a , he means a set of interrelated parts that function as a whole to achieve a common purp
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A System

Explanation:

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3 years ago
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katen-ka-za [31]

Answer:

52.7%

Explanation:

Coefficient of variation= \frac{standard deviation}{mean} times 100%

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Which rounded to the nearest tenth percent is 52.7%

4 0
3 years ago
Read 2 more answers
A buyer is looking for a multi-family option that includes common area maintenance and will allow him to take advantage of tax i
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Answer:

If you by a condo, you can deduct your mortgage interests from your gross income, property taxes are also deductible, and you can also get a homestead exemption on your condo since it is your home.

Co-ops on the other hand are corporations that own a building, and you own shares of that corporation. It is very difficult and only under certain circumstances, you can deduct mortgage interest expenses on a co-op, but generally not. You cannot deduct property taxes since you do not own any property yourself and you cannot claim a homestead exemption for a co-op for the same reason.

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Answer:

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  • This question is from Impact Texas Young Drivers Program's video to raise the awareness in the younger generation about driving carefully.
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3 0
3 years ago
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