1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fiasKO [112]
3 years ago
8

Anton Co. uses the perpetual inventory method. Anton purchased 1,160 units of inventory that cost $8 each. At a later date the c

ompany purchased an additional 1,170 units of inventory that cost $10 each. If Anton uses the FIFO cost flow method and sells 1,650 units of inventory, the amount of cost of goods sold will be:
Business
1 answer:
Studentka2010 [4]3 years ago
6 0

Answer:

$14,180

Explanation:

The computation of amount of cost of goods sold is shown below:-

(Purchased units × inventory cost) + (Balance × Inventory cost)

= (1,160 × $8) + (490 × $10)

= $9280 + $4,900

= $14,180

Note :- As per First in first out method 1,650 units sold would consist of 1,160 units of first purchases so we got the balance is 490 units (1,650 - 1,160).

You might be interested in
The estate of monique chablis earned $390 of income this year. is the estate required to file an income tax return?
Tomtit [17]

No, the estate of monique chablis does not required to file the income tax return.

Given that the income of monique chablis is $390.

We are required to find whether monique chablis is required to file the income tax return or not.

No, the estate of monique chablis is not required to file the income tax return because the income is less than $600.

Income tax is a direct tax paid by income earners to government.

Income tax return is nothing but the annual record of your income.

The person whose income exceeds the limit has to file income tax return and the limit is decided by the government.

Hence it is said that the estate of monique chablis not required to file income tax return.

Learn more about income tax at brainly.com/question/26316390

#SPJ4

8 0
2 years ago
Please select that whether below statements are correct or not?
Vlad1618 [11]

Answer:

Only the fourth statement is correct

Explanation:

The first statement is wrong as stock price can be worth less than its book or par value depending on the performance of the company from which the stock price derives its value.

The second statement is also not correct as convertibility implies that holders of preference shares or bonds are able to convert their holdings into a known quantity of common stock in the future not the other way round.

Dividend payments are fixed for only preferred stockholders,common stockholders are exposed to variable dividend payments which dependent on the performance of the company and the also the company's need for cash.

Limited liability is a protective provision as it aids corporation in raising funds as the investors are certain that their liability in case of the company in the event of the going bankrupt is limited to the amount invested in the company unlike sole proprietorship that could be made to pay debts from private pockets

4 0
3 years ago
"is the curse of mature markets whereby products lack any real means of differentiation and customers see competing products as
luda_lava [24]

Answer:

Commoditization

Explanation:

This is known as commoditization. Commoditization can be defined as a a process whereby goods and services can no longer be distinguished from similar offerings that is being made by a rival company. In a particular category such goods are so alike that for you to find the difference between them, you do so via the price tags

5 0
4 years ago
beginning inventory is $20,000. purchases of inventory during the year are $100,000. ending inventory is $50,000. what is cost o
Andre45 [30]

Answer: $70,000

Explanation: Add ending + Beginning

7 0
3 years ago
A 4-year project has an annual operating cash flow of $50,500. At the beginning of the project, $4,150 in net working capital wa
Artyom0805 [142]

Answer:

Option (b) is correct.

Explanation:

Given that,

Annual operating cash flow = $50,500

Net working capital = $4,150

Equipment will have a book value = $4,580

Salvage value = $5,610

Gain on disposal:

= Salvage value of plant - Book value on the date of sale

= $5,610 - $4,580

= $1,030

Tax on disposal:

= Gain on disposal × Tax rate

= $1,030 × 35%

= $360.50

After tax salvage value:

= Salvage value of plant - Tax on disposal

= $5,610 - $360.50

= $5,250 (Approx)

Year 4 cash flow:

= Annual operating cash flow + Net working capital + After tax salvage value

= $50,500 + $4,150 + $5,250

= $59,900

3 0
4 years ago
Other questions:
  • Pizza Hut's website __________ are integrated with the company's overall communications programs - including traditional media -
    6·1 answer
  • When AS is greater than AD, savings will be greater than investment and economic activity will _________..
    5·1 answer
  • Price indices"" are calculated by comparing product prices for a given year to prices for the same products in a specific year c
    8·1 answer
  • Financial analysts said they were surprised that despite higher inflation and shrinking profits margins, investors continue pour
    15·1 answer
  • Select the correct answer.
    12·1 answer
  • Scalpers often artificially decrease supply by releasing tickets in waves, making it impossible for consumers to know how many t
    13·1 answer
  • Pioche Company is considering selling a "premium" version of one of its products. The following information is available. The ad
    10·1 answer
  • Budget Preparation Collins Company is preparing its master budget for April. Use the given estimates to determine the amounts ne
    8·1 answer
  • The average total cost of producing cell phones in a factory is $20 at the current output level of 100 units per week. If the fi
    9·1 answer
  • A monopoly that attempts to charge the socially desirable price will invariably reduce their economic profit because:_______
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!