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3 years ago

Coronado's Place recorded the following data:

Business

1 answer:

Lorico [155]3 years ago

4 0

Answer:

The weighted average unit cost of the inventory at January 31 is $496

Explanation:

Weighted Average unit cost the average cost of units on hand on each day. It is calculated by dividing total inventory value by total available units.

Date Unit Received / Sold On Hand Unit Cost Balance

1/1 Inventory 540 units at $2.80 540 $1,512 $1,512

1/8 Purchased 960 units at $2.3 1500 $2208 $3,720

1/12 Sold 1,300 at ($3,720/1500) 200 $3,224 $496

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Schneider Inc. had salaries payable of $61,600 and $90,000 at the end of 2017 and 2018, respectively. During 2018, Schneider rec

BARSIC [14]

Answer:

$593,000

Explanation:

Given data for Schneider Inc.

Salaries payable at the beginning of 2018 (end of 2017) = $61,600

Salary expense during the year (2018) = $621,400

Salary payable at end of year (2018) = $90,000

Salaries paid = ?

Let the salaries paid = S

Using the formula

Salaries payable at the beginning of 2018 + Salary expense during the year - Salaries paid = Salary payable at end of year

$61,600 + $621,400 - S = $90,000

S = $61,600 + $621,400 - $90,000

S = $593,000

Cash outflows for salaries in 2018 were $593,000.

5 0

3 years ago

On January 2, Dog Mart prepaid $19,920 rent for the year and recorded the prepayment in an asset account. Prepare the January 31

aliina [53]

Answer:

Debit : Rent Expense $1,660

Credit : Prepaid Rent $1,660

Explanation:

The January 31 adjusting entry for rent expense would include a Debit to Rent Expense and Credit to Prepaid Rent - Asset Account at an amount of $1,660.

Calculation :

Rent Expense = 1/12 x $19,920 = $1,660

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3 years ago

Swifty Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports

Rudiy27

Answer:

37.00%

Explanation:

The computation of the weighted average contribution margin ratio is shown below:

Particulars Sporting Goods Sports Gear Total

Contribution Margin Ratio 30% 50%

Sales Mix - Weights 65% 35%

Weighted Contribution Margin 19.50% 17.50% 37.00%

We simply multiplied the contribution margin ratio with the sales mix weighted so that the weighted contribution margin ratio could come

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4 years ago

Do they still sell hand boards at dollar tree

Tcecarenko [31]

I don’t think so fbdvvhhdgnt

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4 years ago

A u.s. firm sells merchandise today to a british company for £100,000. the current exchange rate is $2.03/£, the account is paya

Arturiano [62]

The answer to this question is "GAIN: $2,000". Hence when a United States<span> firm sells merchandise today to a British company for £100,000. the current exchange rate is $2.03/£, the account is payable in three months, and the firm chooses to avoid any hedging techniques designed to reduce or eliminate the risk of changes in the exchange rate. if the exchange rate changes to $2.01/£ United States firm will realize a GAIN of $2,000.</span>

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3 years ago