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
Klio2033 [76]
3 years ago
13

The records of Lohse Stores included the following data: Inventory, May 1, at retail, $14,500; at cost, $10,440 Purchases during

May, at retail, $42,900; at cost, $31,550 Freight-in, $2,000; purchase discounts, $250 Additional markups, $3,800; markup cancellations, $400; net markdowns, $1,300 Sales during May, $45,500 Calculate the estimated inventory at May 31 on a LIFO basis.
Business
1 answer:
bulgar [2K]3 years ago
3 0

Answer:

$9,3

Explanation:

                             COST    RETAIL    RATIO

Inventory, May 1 $10,440        $14,500 .72

Purchases           31,550            42,900

Freight-in          2,000

Purchase discounts

                          (250)

Net markups                                  3,400

Net markdowns                           (1,300)

Totals excluding beginning inventory

                        33,300                45,000   .74

Goods available $43,740          59,500

Sales                                          (46,500)

Inventory, May 31                         $13,000

Estimated inventory, May 31

($13,000 × .72) $ 9,360

You might be interested in
The diagram shows an aspect of fiscal policy.
storchak [24]

Answer

C. The government spending to strengthen the economy

Explanation

The fiscal policy is applied by the government to influence the economy through adjusting revenue and spending levels. The Fiscal policy is applied with the monetary policy to give a direction of the economy and reach the set economic goals. In this case, taxation and money transfers has been applied.


6 0
3 years ago
Read 2 more answers
Managers organize information about a given job by performing a job analysis to determine the following with regard to that job:
Law Incorporation [45]

Answer:

All of the above.

Explanation:

Job analysis is when manager uses information available as a criteria for determining attributes required to perform a job.

In job analysis, information is made available to managers to know which employee is best suited for a particular role. It is also used to measure the capacity of employees whether they are being under or over utilized.

For effective job redistribution, job analysis is best recommended because it describes the work of current employee, working conditions and necessary educational certifications. Skills needed to perform on a role are also part of what is being considered in job analysis.

5 0
3 years ago
Suppose that capital becomes more productive. What would we expect to happen? Choose one:
Nata [24]

<u>Answer:</u>

<em>D. The equilibrium interest rate and amount invested would both increase </em>

<em></em>

<u>Explanation:</u>

Investment spending is a significant classification of actual GDP. Not exclusively is it the most unstable piece of real GDP; however, speculation spending on physical capital is additionally a significant supporter of financial development. Things being what they are, if a firm needs to construct another processing plant, where does it get the assets to assemble it? The investment of loanable assets depends on investment funds. The interest in loanable assets depends on getting.

6 0
3 years ago
"The common stock of One Community Bank is currently selling for $30. The last annual dividend paid was $1.25 per share and the
Greeley [361]

Answer:

The dividend growth rate is 8%.

Explanation:

Considering the stock is the one that has a constant dividend growth, we use the DDM approach for constant growth model. The constant growth model formula for price of a stock today is,

P0 = D1 / r - g

Where,

  • D1 is the dividend in the next period or D0 * (1 + g)
  • r is the required rate of return
  • g is the growth rate in dividends

Plugging in the available value,

30 = 1.25 ( 1+g) / (0.125 - g)

30 * (0.125 - g) = 1.25 + 1.25g

3.75 - 30g = 1.25 + 1.25g

3.75 - 1.25 = 30g + 1.25g

2.5 / 31.25 = g

g = 0.08 or 8%

4 0
3 years ago
6. A company estimates that .6% of its products will fail after the original warranty period but within a 5-year warranty period
Nitella [24]

Answer:

The answer is: $57.30

Explanation:

To determine the expected value of each warranty policy that was sold, we can use the following formula:

expected value = policy price - (probability of failure x cost of replacement)

expected value = $60 - (0.6% x $450)

expected value = $60 - $2.70 = $57.30

4 0
3 years ago
Other questions:
  • You owe $976.34 on a credit card that has an interest rate of 10.75% apr. you pay $100.00 at the end of each month. 3. calculate
    13·1 answer
  • _____ signs tell you how to drive safely in work zones.
    12·1 answer
  • In its role as money manager, the Federal Reserve has three primary goals: to maintain stable prices (control inflation), ensure
    9·1 answer
  • 20. The consumer price index was 120 in 2013 and 126 in 2014. The nominal interest rate during this period was 8 percent. What w
    11·1 answer
  • A ______ is a document prepared by the organization to identify and attract the right vendors to supply software, hardware, and
    14·1 answer
  • The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 2
    8·1 answer
  • James wants to know what academic path he should follow to get into the fastest growing job market, and the highest paying. you
    9·1 answer
  • Charles has decided to open a​ lawn-mowing company. To do​ so, he purchases mowing equipment for ​$​, buys gasoline ​($ in gas i
    7·1 answer
  • *giving brainliest to the first correct answer*
    6·2 answers
  • Giving brainliest to the best answer :)<br><br>​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!