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3 years ago

Marquis Company uses a weighted-average perpetual inventory system.

Business

1 answer:

timama [110]3 years ago

8 0

Answer:

The amount of the cost of goods sold for this sale is $98.4

Explanation:

Marquis Company uses a weighted-average perpetual inventory system

August 2, 22 units were purchased at $3 per unit,

Total cost = $3 x 22 = $66

Average cost per unit: $3

August 18, 27 units were purchased at $5 per unit

Total inventory = $66 + $5 x 27 = $201

Average cost per unit = $201/(22+27) = $4.1

August 29, 24 units were sold

Cost of goods sold = 24 x $4.1 = $98.4

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DedPeter [7]

The amount of the sales transaction would include a debit to cash is $970.

<h3>How is the percentage determined?</h3>

The percentage is a value that has been multiplied by 100. In this manner, expressing 25% of a value is equivalent to expressing 25% out of 100, or 25% divided by 100.
Simply multiply the total by the percentage to determine the precise number of absentees from the event.

So: 160 x 25% = 160 (25/100) = 160 x 0.25 = 40

This is so that the cash sum received will be equal to the sales values multiplied by one less the credit card fee.

1000 x (1-0,03)

1000 x 0,97 = 970$

So, the amount of debt to cash that would entry to the record sales would be 970$.

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2 years ago

Charles Berkeley, Inc. just paid an annual dividend of $3.60 per share on its stock. The dividends are expected to grow at a con

8_murik_8 [283]

Answer:

D. $98.15

Explanation:

Price of stock formula;

Price today(P0) = $\frac{D0(1+g)}{r-g}$

D0= Current dividend

g = growth rate

r = required return

Price = $\frac{3.60(1.045)}{0.11 -0.045}$

= 3.762 /0.065

Price = 57.877

Price in 12 years (P12) = P0(1+g)

P12 = 57.877 * $1.045^{12}$

P12 =$98.152

Therefore, price of stock in 12 years will be $98.15

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3 years ago

Why would a Roth 401(k) investment plan allow you to invest the most amount of money?

ycow [4]

Answer:

401k

Explanation:

investment plan allow you to invest the most amount of money? ... A Roth 401(k) plan takes money after tax has been removed from gross income, and has a contribution limit, but withdrawal is tax free. A Roth Individual Retirement Account allows you to draw a fixed amount that is not taxed.

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3 years ago

Enter the following transactions in the cash book of Sudhir & sons

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j jl Ulrich upvpici jl ljc

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4.The following information is available for Lock-Tite Company, which produces special-order security products and uses a job or

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Answer:

The overview of the problem is listed throughout the section below on explanation.

Explanation:

The Journal entry is given below:

<u>No Transaction General journal Debit($) Credit($)</u>

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