Event recording and direct observation methods
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Purchases:
40 units at $100·
70 units at $80·
170 units at $60
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.
First, we need to calculate the average purchase cost.
Average cost= (100*40 + 80*70 + 60*170)/280= $70.7
Now, we can calculate the value of ending inventory:
Inventory= $70.7*10= $707
Answer:
The probability is 0.20 or 20%
Explanation:
we know that
The probability of an event is the ratio of the size of the event space to the size of the sample space.
The size of the sample space is the total number of possible outcomes
The event space is the number of outcomes in the event you are interested in.
so
Let
x------> size of the event space
y-----> size of the sample space
so
In this problem we have that
Multiple of 5 between 1 and 15 = 5, 10,15
so
Total numbers between 1 and 15=15
so
substitute
Convert to percentage
Explanation:
The journal entry is shown below:
Unearned rent revenue Dr $1,250
To Rent revenue $1,250
(Being the unearned rent revenue is recorded)
The computation is shown below:
= Received amount ÷ number of months × given number of months
= $5,000 ÷ 2 months × 0.5 months
= $1,250
So it include a debit to unearned rent revenue for $1,250 and credit the rent revenue for $1,250
Answer:
Net income = $4,160
Ending Retained Earnings = $3,210
Total assets = $76,760
Total liabilities and equity = $76,760
Cash balance = $59,180
Explanation:
see the attached file below
