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Blake Company purchased two identical inventory items. The item purchased first cost $17.00, and the item purchased second cost

BaLLatris [955]

Answer:

Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method.

Explanation:

Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method.

True as under weighted average:

(17 + 18) / 2 = 17.50

the ending inventory will be one unit valued at $17.50

while under FIFO the 17 dollar unit was sold and declare cost

while the second is keep under ending invenotry at $18.00

7 0

3 years ago

Bernice’s has $823,000 in sales. The profit margin is 4.2 percent and the firm has 7,500 shares of stock outstanding. The market

kipiarov [429]

Answer:

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8 0

3 years ago

Boyle Company makes fine jewelry that it sells to department stores throughout the United States. Boyle is trying to decide whic

Ksivusya [100]

Answer:

Explanation:

a)

Fixed Costs of Bracelet A

Advertising Costs 5,000$

Annual depreciation 5,000$

Total Fixed Costs 10,000$

Fixed Costs for Bracelet B

Advertising Costs 3,000

Annual depreciation 4,000

Total Fixed Costs $ 7,000

b)

Variable Costs for Bracelet A

Cost of Materials per unit $ 10

Cost of labor per unit $ 15

Total Variable Costs per unit $25

Variable Costs for Bracelet B

Cost of Materials per unit $20

Cost of labor per unit $15

Total Variable Costs per unit $35

c) Avoidable costs

Avoidable Costs Bracelet A

Cost of Materials per unit $10

Cost of labor per unit $ 15

Avoidable Costs Bracelet B

Cost of Materials per unit $20

Cost of labor per unit $15

7 0

3 years ago

Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1.Common Stock14.Accumulated Depreciati

boyakko [2]

Answer:

Denis Savard Inc

Classified Balance sheet

Amount$ Amount$ Amount$

Assets

Current Assets

Cash xxx

Less Cash Restricted for Plant xxx xxx

Expansion

Accounts Receivable xxx

Less Allowance for Doubtful debt xxx xxx

Notes Receivable xxx

Receivables-Officers xxx

Inventory

Finished goods xxx

Work in Process. xxx

Raw Materials xxx xxx

Total Current Assets xxx

Stockholders Equity

Common Stock xxx

Add Paid-in Capital in Excess of xxx

Par-Common Stock.

Total paid in capital xxx

Add Retained Earnings. xxx

Total paid in capital and retained earnings xxx

Less Treasury Stock (at cost) xxx

Total Stockholders Equity xxx

Total Liability and Stockholders Equity xxx

Liability and Stockholders Equity

Current Liability

Salaries and Wages Payable. xxx

Unearned Subscriptions Revenue. xxx

Unearned Rent Revenue. xxx

Total Current Liability. xxx

Long term liabilities

Bonds Payable (due in 4 years) xxx

Less Discount on Bonds Payable xxx xxx

Total Long term liabilities. . xxx

Long term Investment

Preferred Stock (Equity) Investments. xxx

Land Held for Future Plant Site.. xxx

Cash Restricted for Plant Expansion. xxx

Total Long term Investment. xxx

Property, Plants and Equipment

Building. xxx

Less Accumulated Depreciation xxx xxx

- Buildings

Total Property, Plants and . xxx

Equipment

Intangible Assets

Copyrights. . xxx

Total Intangible Assets. . xxx

Total Assets. . xxx

3 0

3 years ago

a firm decided to spent 2% of its profit onn free education to the children of nearby area. indicate the value involved in this

OlgaM077 [116]

Positive reputation in local community would attract new customer

8 0

3 years ago