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Helen [10]
3 years ago
5

June 1 Beginning inventory 20 units at $19 $ 380 June 7 Purchases 70 units at $20 1,400 June 22 Purchases 10 units at $23 230 $2

,010 A physical count of merchandise inventory on June 30 reveals that there are 30 units on hand. Using the FIFO inventory method, the total COST OF GOODS SOLD for June is Select one: a. $1,407 b. $1,430 c. $1,390 d. $1,380
Business
1 answer:
Vadim26 [7]3 years ago
6 0

Answer:

Option (d) is correct.

Explanation:

Given that,

June 1 Beginning inventory 20 units at $19 = $ 380

June 7 Purchases 70 units at $20 = 1,400

June 22 Purchases 10 units at $23 = $230

Cost of goods available for sale = $2,010

On June 30, units on hand = 30 units

Cost of Ending inventory:

= (20 units × $20) + (10 units × $23)

= $400 + $230

= $630

Total cost of goods sold:

= Cost of goods available for sale - Cost of Ending inventory

= $2,010 - $630

= $1,380

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Answer:

Cachita should buy put on yen

Explanation:

Given:

The current spot rate = ¥120.00​/$

in US $/¥ = \frac{\textup{1}}{\textup{120.00}}

or

in US $/¥ = 0.0083

Maturity time = 90 days

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Premium                      0.00003/$                0.00046/$

Therefore,

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5 0
4 years ago
The government of Wrexington, a country which has adopted American GDP accounting conventions, reported that GDP in quarter 3 wa
yanalaym [24]

Answer:

C. $12 billion.

Explanation:

GDP refers to the Gross domestic product. It means that the market value of all final goods and services produced within the country.

Since in the question the GDP reported in quarter 3 was $12 billion and the same is to be considered as a GDP because it reflected the market value of all final goods and services

Therefore, the correct option is c.

3 0
3 years ago
Of the following activities which is MOST likely to be an interaction between the financial manager and the information systems
ryzh [129]

Answer:

The correct answer is the option A: Developing a system to bill customers, pay suppliers and track inventory.

Explanation:

First of all, an<em> information systems manager</em> has the job of creating, developing and monitoring information systems that could possibly help the organization in its entire structure to improve its performance and therefore that manager focuses in the importance of information as an asset and how could it supports the decision making process for the other executives.

Second of all, a <em>financial manager</em> has the responsability to care about the health of the institution regarding subjects involving money and all of the companies assets. That manager must focuses in the organization of the resources that could help the organization to achieve its goal and how to use them in a proper way.

Finally, in the situation where both of those managers interact together, the main purpose will be to develop an information system, created by the information system manager, that could help the organization to gather information regarding the payment to suppliers, the track of inventory and the bill of customers due to the fact that a system with all that information will help the financial manager to take decisions more properly in order to achieve success.

4 0
4 years ago
If you have to reject a job offer because it isn't what you wanted, what is the best step to take?
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ohn joined the military during his senior year in high school with a deferred reporting date. He heard about jobs within the mil
nirvana33 [79]

Answer: a. Boot camp is the military's version of employee orientation.

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This is the same for the military. When they send recruits to boot camps, they are doing their version of employee orientation because the recruit will learn what Uncle Sam expects from them and how they are to accomplish these tasks.

5 0
3 years ago
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