Answer:
The cost of ending inventory under FIFO is $760
Explanation:
Under FIFO or the First In First Out method, we assume that the inventory that is purchased first will be the one that is sold first and the ending inventory will consist of the most recent purchases.
The total units of inventory available for sale = 10 + 40 + 50 + 30 = 130 units
The ending inventory is of 50 units.
Thus, sales are = 130 - 50 = 80 units
The ending inventory will consist of the 30 units that were purchased on 9/20 at $16 per unit along 20 units from the purchases of 50 units from 5/10 at $14 each because we assume that the ending inventory consists of the most recent purchases.
Ending inventory = 30 * 16 + 20 * 14 = $760
Answer:
are decreased
Explanation:
the reserve ratio is the reserve requirement on commercial banks to deposit a percentage of their deposit liabilities to the Central Bank so as not to lend or invest all of them. Therefore when reserve ratio is increased, excess reserves available to banks decrease as they are required to keep more funds with the Central Bank. In the US, the Federal Reserve is in charge of setting the reserve ratio which is specified in Regulation D
Answer:
A. A commercial bank
Explanation:
Commercial banks are financial institutions accept deposits and provide security and convenience to their customers. They also provide loans to individuals and businesses. Commercial bank is a place where people do most of their banking. The main method in which commercial banks earn money is through the provision of loan. They earn money from these loans through what is known as interest. In this case, Miranda needs s loan for her business in order to buy a new truck. The commercial bank is a place she can get a loan in that context.
Answer:
computer integrated manufacturing
Explanation:
Computer integrated manufacturing is a method that uses entirely computer based manufacturing to produce goods. CIM is the way that individual processes are made to communicate with one another to properly automate production.
William is interested in using computer integrated manufacturing to create communication between computer-aided design system and computer-aided manufacturing system.
Is this a fill in the blank or multiple choice