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3 years ago

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:

Date Units Unit price Inventory Average cost

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

Nov. 19 30 units $25 per unit $6,295 $21.78 per unit

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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Answer:

The amount of investment should be $1926.891 approximately

Explanation:

The following formula has been used to calculate the amount of investment

A = P(1+r/100) ^n

where: A = future value , P = present value , R = rate of interest , N = time period

Hence , applying the formula, we get,

$5500 = P (1+6/100) ^18

Hence P=$5500/ (1.06) ^18

=$1926.891(approx)

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3 years ago

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Answer:

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Explanation:

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If the beneficiary can get another option, the other party is obligated to pay the balance.

On this instance Nora had the chance to get a new job at $2,000 salary the balance is $2,500 - $2,000= $500. Since she rejected the job she is responsible for that loss.

However ABC is still liable to pay the balance of $500

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3 years ago

Chez Dove is an independent coffeehouse/bookstore that went bankrupt only eight months after opening due to an unexpected demand

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Answer:

Management

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2 years ago

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Thus the limited liability structure is most suitable for the two.

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2 years ago

Both of Susan’s movies are three days late. According to her receipt, the purchase price of one of her movies is $12. 00 while t

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Answer:

Explanation:

$12 + $15 = $27 (that's the answer with the given information)

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