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Liono4ka [1.6K]
3 years ago
13

A company uses the periodic inventory system and had the following activity during the current monthly period.

Business
1 answer:
Alekssandra [29.7K]3 years ago
3 0

Answer:

The answer is: $3,289

Explanation:

<u>Date</u>                 <u>Units </u>                 <u>Unit price</u>           <u>Inventory</u>      <u>Average cost</u>

Purchases

Nov. 1             103 units             $20 per unit        $2,060        $20 per unit              

Nov. 5            103 units             $22 per unit        $4,326         $21 per unit

Nov. 8            53 units               $23 per unit        $5,545        $21.41 per unit

<u>Nov. 19           30 units              $25 per unit        $6,295        $21.78 per unit</u>

TOTAL           289 units            $21.78 per unit    $6,295        $21.78 per unit

Sales

Nov. 16          -138 units            $21.78 per unit    $3,006       $21.78 per unit

Ending inventory

Nov. 30          151 units           $21.78 per unit    $3,289       $21.78 per unit

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Pedro's child attends a school operated by the church the family attends. Pedro made a donation of $1,000 to the church in lieu
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Sujin must send an email about longer working hours and salary increase to all the employees who work in her organization. Which
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Sujin's organizing strategy should be answering all the questions the employees are likely to have in the email, as stated in option A and explained below.

<h3>How should Sujin organize her email?</h3>

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2 years ago
Check My Work Dressed to a Tee received a promissory note of $8,000 for 10 months at 6% simple interest from one of its customer
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Answer:

$8,120

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<em>To calculate the proceeds, the gross proceed  less the discount charged by the bank. The gross proceed is the total amount that would have been received should the note is held to maturity.</em>

Gross proceed= P + (P×R×T)

P- 8,000 R- 6%, T- 10/12

Gross proceed = (8,000 + 8,000× 6%× 10/12)

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Discount charges = Gross proceed × discount rate × time to maturity

Time to maturity = 10 - 5 = 5 months

Discount rate - 8%, Time- 5/12

Discount charges =  8400× 5/12× 8% = $280

Proceeds to be received = $8,400 - $280

                 = $8,120

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