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3 years ago

Blossom Company has the following inventory data:

Business

1 answer:

Debora [2.8K]3 years ago

8 0

Answer:

Ending inventory= $916.2

Explanation:

Giving the following information:

Nov. 1 Inventory: 35 units $7.10 each

Nov. 8 Purchase: 142 units $7.60 each

Nov. 17 Purchase: 71 units $7.45 each

Nov. 25 Purchase: 106 units $7.80 each

Nov. 30 ending inventory: 118 units on hand. FIFO (first-in, first-out)

Ending inventory= 106*7.8+12*7.45= $916.2

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4 years ago

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Two different manufacturing processes are being considered for making a new product. The first process is less capital-intensiv

NeTakaya

Answer:

Hello your question is incomplete below is the complete question

Two different manufacturing processes are being considered for making a new product. The first process is less capital-intensive, with fixed costs of only $49,700 per year and variable costs of $740 per unit. The second process has fixed costs of $391,000 but variable costs of only $160 per unit. a. What is the break-even quantity, beyond which the second process becomes more attractive than the first? the volume at which the second process becomes more attractive is ..... units

answer : At ≥ 589 units the second process becomes more attractive

Explanation:

A) Determine the breakeven quantity that makes the second process more attractive

the second process has a higher fixed cost of $391000

x = volume of sales that makes process 1 as profitable as process 2

sales = fixed cost + Total variable cost

profit = (( selling price ) * X ) - (variable cost * X ) - fixed cost

Assuming the profit made from process 1 = process 2

((selling price * X ) - ( variable cost of process 1 * X ) - fixed cost of process 1 =((selling price * X ) - ( variable cost of process 2 * X ) - fixed cost of process 2

hence ;

x = ( fixed cost of process 2 - fixed cost of process 1 ) / ((variable cost of process 1) - (variable cost of process 2 ))

= ( 391000 - 49700 ) / ( 740 - 160 )

= 588.44 units ≈ 588 units ( both process will yield same profitability

At ≥ 589 units the second process becomes more attractive

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3 years ago

Itil considers the _____ responsible for handling service requests and communications with customers.

SashulF [63]

ITIL considers the service desk responsible for handling service requests and communications with customers.

Communication (from Latin: communicate, meaning "to share" or "to associate is defined as "the self and the other, the private and the public, the inner thoughts and [4] this As the definition suggests, communication is difficult to define in a uniform way because in general terms

communication refers to a very wide range of different actions involved in the dissemination of information. [7] John Peters argues that the difficulty in defining communication is that it is both a universal phenomenon (because everyone communicates) and a specific field of systematic academic research. claim to be based on facts.

Learn more about communications here: brainly.com/question/25645043

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2 years ago

Tiger Trade has the following cash transactions for the period.

vovangra [49]

Answer:

Tiger Trade

Cash Flow Statement

Cash flows from operating activities:

Cash received from sale of products to customers $35,000
Cash received for sale of services to customers $25,000
Cash paid to merchandise suppliers ($11,000)
Cash paid to workers ($23,000)
Cash paid for advertisement ($3,000)

Total cash flow from operating activities $23,000

Cash flows from investing activities:

Cash received from the bank for long-term loan $40,000
Cash paid to purchase factory equipment ($45,000)
Cash received from the sale of an unused warehouse $12,000

Total cash flow from investing activities $7,000

Cash flows from financing activities:

Cash paid for dividends to stockholders ($5,000)

Total cash flow from financing activities ($5,000)

Net cash increase $25,000

Cash balance at the beginning of the period $4,000

Cash balance at the end of the period $29,000

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4 years ago

Suppose that the market for candy canes operates under conditions of perfect competition, that it is initially in long-run equil

Paul [167]

Answer:

The price of candy canes, in the long run, will be $0.15.

Explanation:

The price of the candy cane is $0.10.

The firm is in the long-run equilibrium so the price will be equal to marginal cost and average total cost.

Now, with the increase in sugar prices, the ATC will increase to $0.15.

This will cause losses to some of the firms.

In the long run, the loss incurring firms will exit the market. As a result, the market supply will decline. This consequently leads to an increase in the price to $0.15 where ATC is being covered.

Answer:

The price of candy canes, in the long run, will be $0.15.

Explanation:

The price of the candy cane is $0.10.

The firm is in the long-run equilibrium so the price will be equal to marginal cost and average total cost.

Now, with the increase in sugar prices, the ATC will increase to $0.15.

This will cause losses to some of the firms.

In the long run, the loss incurring firms will exit the market. As a result, the market supply will decline. This consequently leads to an increase in the price to $0.15 where ATC is being covered.

In the long-run equilibrium price will be equal to ATC. So, the price of candy canes will be $0.15.

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3 years ago