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
Reptile [31]
3 years ago
11

Inventory records for Marvin Company revealed the following:

Business
1 answer:
pentagon [3]3 years ago
3 0

Answer:

B. $14,194.

Explanation:

FIFO means first in, first out. It means that the goods purchased first are the first to be sold.

The 1900 units or inventories sold would be taken from :

1. The beginning inventory = 900 x $7.14 = $6,426

2. Mar. 10 Purchase = 560 x $7.57 = $4,239.20

3. The remaining 440 units of inventory sold would be taken from the Mar. 16 Purchase  = 440 x $8.02 = $3,528.80

Total = $14,194

I hope you

You might be interested in
Your credit limit is $1,000 what is the max you should ever owe on this card?
elixir [45]
<span>When the financial institution or lender gives a borrower a maximum credit limit of $1,000, it means that he can only owe within that amount or spend up to that limit. Otherwise, spending more than $1,000, the borrower may face penalties or fines in addition to his regular payment. In other words, credit limit refers to the maximum amount of credit a bank extends to the client who has the capacity to pay his debt. </span>
8 0
4 years ago
Read 2 more answers
Over a certain period, large-company stocks had an average return of 12.59 percent, the average risk-free rate was 2.58 percent,
suter [353]

Answer:

The answer is 14.87%

Explanation:

Solution

Given that:

A large company stock had an average return of =12.59%

The average risk free rate = 2.58%

A small company stocks average is =17.45

The next step is to find the risk premium on small-company stocks for this period

Thus,

The risk premium on small-company stocks = Average return on small-company stocks - average risk-free rate

So,

Risk premium on small-company stocks = .1745 - 0.258

=0.1487

Therefore the risk premium on small company stocks for the period was 14.87%

6 0
3 years ago
BE22-4 Gundy Company expects to produce 1,200,000 units of Product XX in 2017. Monthly production is expected to range from 80,0
anzhelika [568]

Answer:

\left[\begin{array}{cccc}Range&80,000&100,000&120,000\\ Materials&400,000&500,000&600,000\\ Labor&480,000&600,000&720,000 \\ Overhead&640,000&800,000&960,000 \\ Variable&1,600,000&2,000,000&2,400,000 \\ Depreciation&200,000&200,000&200,000 \\ Supervision&100,000&100,000&100,000 \\ Fixed&300,000&300,000&300,000\\ Total&1,960,000&2,300,000&2,700,000\\\end{array}\right]

Explanation:

We multiply the variable component for each relevant range.

Then for the fixed cost, we post the total.

Notice it is given for 1,200,000 units

so total depreciation 1,200,000 x 2 = 2,400,000 = 200,000 per month

Supervisor  1,200,000 x 1 = 1,200,000 = 100,000 per month

5 0
3 years ago
Refer to standard motor products. when standard motor products’ edwardsville plant decided to give its teams the highest level o
Lynna [10]
<span>Refer to standard motor products. when standard motor products’ edwardsville plant decided to give its teams the highest level of autonomy, it created self-designing teams. A self-designing team is a team that decides who they want to work with, how they want to work together and what they want to work on. This has been shown to create productivity because these workers are happy with the work they are </span>doing and making decisions instead of being just told what to do. 
5 0
3 years ago
Prime Corporation liquidates its ​85% owned subsidiary Bass Corporation under the provisions of Secs. 332 and 337. Bass Corporat
aliya0001 [1]

Answer:

$20000 gain for John Corporation and $10000 loss for Bass Corporation.

Explanation:

John Corporation gain(loss) = FMV of property - Liability assumed - Stock basis

                                               = 55000-10000-25000

                                               = 20000

Bass Corporation gain/loss = 55000-65000

                                              = - 10000

Therefore,  $20000 gain for John Corporation and $10000 loss for Bass Corporation.

5 0
3 years ago
Other questions:
  • Bob deposits $1,500 at the beginning of each quarter for sixteen years in a fund earning a nominal rate of interest of 6% conver
    10·1 answer
  • The tax professional can reduce the chances that staff personnel will incur IRS preparerpenalties by adopting a "tone at the top
    12·1 answer
  • The Homeowners policy on Dylan's $110,000 home is voided when he intentionally burns the house to the ground. Consequently, he d
    10·1 answer
  • If taco bell decides to produce more tacos and fewer burritos, taco bell is answering the ________ part of one of the two big ec
    13·1 answer
  • Why does a company need to close its accounting books? Select one: a. Training in the system is finished. b. Storage space is li
    14·1 answer
  • At the beginning of the year, ACME had an inventory of $600,000. During the year, the company purchased goods costing $2,250,000
    9·1 answer
  • Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
    13·1 answer
  • Current Attempt in Progress Ferris, Inc. has a unit selling price of $500, variable cost per unit of $300, and fixed costs of $2
    9·1 answer
  • When a company guarantees the payment of debt owed by a supplier, customer or another company, the guarantor usually discloses t
    6·1 answer
  • For starbucks, __________ is the main advantage of entering new markets like japan and china via a joint venture.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!