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vitfil [10]
3 years ago
11

During 2021, a company sells 200 units of inventory for $58 each. The company has the following inventory purchase transactions

for 2021: Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 57 $ 44 $ 2,508 May 5 Purchase 102 43 4,386 Nov. 3 Purchase 74 42 3,108 233 $ 10,002 Actual sales by the company include its entire beginning inventory, 82 units of inventory from the May 5 purchase, and 61 units from the November 3 purchase. Calculate cost of goods sold and ending inventory for 2021 assuming the company uses specific identification.
Business
1 answer:
White raven [17]3 years ago
3 0

Answer:

Specific Identification

Cost  of goods sold = $8,596

Closing Inventory = $1,406

Explanation:

COGS

01 Jan 57 *44 = $2,508

05 May 82*43=$3,526

03 Nov 61 * 42 = $2,562

Total =$8,596

Closing Inventory

05 May 20*43=$860

03 Nov 13*42=$546

Total = $1,406

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Saturday afternoon you can either attend a street festival, work and earn $100, or study for your midterm exam. You flip a coin
Alik [6]

Answer:

The opportunity cost of the time spent studying includes: 2) the benefit that could have been received at the street festival

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.  It represent the <u>benefits that you misses out</u> on when choosing one alternative over another.  

In this case,  the cost of opportunity is the  benefit that could have been received at the street festival,  because that is the option you leave behind.

Earning a high score on your midterm is the product of your decision

5 0
3 years ago
AB Builders, Inc., has 22-year bonds outstanding with a par value of $2,000 and a quoted price of 106.657. The bonds pay interes
Aloiza [94]

Answer:

7.32%

Explanation:

<em>The price of a bond is the present of its interest payment and the present value of redemption value (RV</em>

Present value of the Redemption Value (RV) =

FV× (1+r/2)^(-2×n)

FV- 2000, r- yield rate, r/2= 6.74%/2 = 3.37%, n-22

=2000× (1.0337)^(-2×22)

= 465.233

Present Value of the coupon payment =Price of bond - PV of RV

                          = (106.657% × 2000) - 465.233

                         =    $1667.90

PV of coupon payment= A × (1-(1+r)^(-2×n)

A- semiannual coupon payment, r -yield

   1667.90 = A × (1-(1.0337)^(-2*22))/0.0337

    1,667.90   = A × 22.7710

A = 1,667.90/22.7710

A= 73.246

Annual coupon payment = 2× 73.246=  146.493

Annual coupon rate = coupon payment/ face value

                                = (146.493/2,000 )× 100

                                = 7.32%

6 0
3 years ago
Read 2 more answers
Karley's setting aside $32,000 each quarter, starting today, for the next three years for an expansion project. How much money w
Mashutka [201]

Answer:

Final Value= $414,135.43

Explanation:

Giving the following information:

Quarterly deposit= $32,000

Number of quarters= 3*4= 12

Interest rate= 0.0545/4= 0.01363

To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

FV= {32,000*[(1.01363^12)-1]} / 0.01363

FV= $414,135.43

8 0
3 years ago
An analyst is evaluating two​ companies, A and B. Company A has a debt ratio of​ 50% and Company B has a debt ratio of​ 25%. In
Sidana [21]

Answer:

C) Company B has a higher operating return on assets than Company A, but Company A has a higher return on equity than Company B.

Explanation:

The B company has a minor debt ratio compared with company A. Which according to the following formula, permits to conclude it has a higher operating return.

Return on equity = Debt Ratio - Total Liabilities / Total Assets.

8 0
3 years ago
Which of the nafta members benefited the most from this free trade agreement by securing preferential treatment for 80% of its e
aliina [53]

The Mexico NAFTA members benefited the most from this free trade agreement by securing preferential treatment for 80% of its exports.

NAFTA grow to be a landmark opportunity deal between Canada, Mexico, and America that took impact in 1994. It contributed to an explosion of exchange between the three nations and the mixture of their economies however have become criticized inside the united states of America. for contributing to process losses and outsourcing.

The correct solution is A) China. The North American unfastened change agreement, moreover called NAFTA, got here under pressure in 1994 and its crucial aim turned into selling, creating, and facilitating forex amongst Mexico, Canada, and the USA. consequently, China modified into now not protected in it.

U.S. farm exports to Canada and Mexico quadrupled from $eleven billion in 1993 to $ 40-three billion in 2016. 20 It made up 25% of usual meal exports and supported 20 million jobs. This change leveraged another $ fifty-four. 6 billion in enterprise funding. NAFTA improved farm exports because it eliminated immoderate Mexican price lists.

Learn  more about NAFTA here brainly.com/question/27372794

#SPJ4

5 0
2 years ago
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