Answer:
30 units at a cost of $14,80
Explanation:
The table shows purchases sales and balance with its corresponding number of units and cost. Before Patricia sold 30 units, she had 64 units available but not all of them cost her the same. The FIFO inventory method is "First in First out" which means Patricia is going to sell the first units she bought, if she needs more then she goes to the second purchase and so on.
So, if she sold 30 unit then she is going to use the first 20 units she bought at 11$ ($0,55 per each unit), but she is missing 10, then, she is going to take 10 units from the second purchase of 26 units at $10 ($0,38 each unit).
To know the cost of goods sold we need to multiply each unit sold by its cost per unit:
20 units x $0,55 = $11
10 units x $0,38= $3,8
Then we add:
$11+$3,8= $14,80. This is the total cost of goods sold (if we assume $ 11 was the total cost for 20 units and $10 was the total cost for 26 units)
Answer:
In Tolan's 2014 income statement, the royalty revenue should be <u>$103,000.</u>
Explanation:
In Tolan's 2014 income statement the royalty revenue will be royalty for January to June received in September 2014, and for July to December 2014 in March 2015
In the year 2014 received in September 2014 = $98,500 which is for the period Jan to June 2014
Royalty = 15% of sales
Sales estimate for July to December 2014 = $30,000
Royalty = $30,000 X 15% = $4,500
Total royalty income for 2014 = $98,500 received + $4,500 to be received in 2015 Mar 15 = $103,000
In Tolan's 2014 income statement, the royalty revenue should be $103,000.
Segmented pricing is a situation, when seller or a company establishes different prices (two or more), for one the same product.
Price segmentation, to put it simply, is the process of differentiating pricing based on willingness to pay. It is motivated by the reality that customers' price sensitivity might differ greatly from one another, from one product to another, and throughout all the environments in which they use your product.
With price segmentation, you may set different prices for various consumer types according to their willingness and ability to pay. Price segmentation allows you to profit more from consumers who spend the most and less from those who pay the least.
Learn more about Price segmentation here
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Answer:
(a) $45
(b) 4.45%
(c) 1.41%
Explanation:
a) Dollar return:
= Selling Price - Buying Price + Coupon
= $985 - $1,010 + $70
= $45
b) Rate of return:
= Dollar return ÷ Buy price
= 45 ÷ 1,010
= 4.45%
c) Based on Fisher relation,
(1 + Nominal rate) = (1 + Real rate) × (1 + Inflation)
(1 + 4.45%) = (1 + Real rate) × (1 + 3%)
Therefore,
Real rate = 1.41%
Answer:
The smartest show in gaming
Explanation:
Hosted by MatPat, the channel focuses on analyzing the lores and secrets of individual games. He usually comes up with some strange ideas. But hey, <em>that's just a theory...A Game Theory.</em>
