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Reptile [31]
2 years ago
11

Inventory records for Marvin Company revealed the following:

Business
1 answer:
pentagon [3]2 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

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Concord Company uses the FIFO method to compute equivalent units. It has 4000 units in beginning work in process, 20% complete a
Andrej [43]

Answer:

67,840 units

Explanation:

The computation of the equivalent units for material by using the FIFO method is shown below:

<u>Particulars       Unit       Percentage completion   Equivalent units</u>

Opening

inventory       4,000 units     50%                          2,000 units

Completed

& transferred

(67,000

- 5,800)        61,200 units    100%                         61,200 units

Closing  

inventory      5,800 units      80%                         4,640 units

Total                                                                       67,840 units

8 0
3 years ago
The price of good B has a pattern such that P = $20 on Monday through Thursday of every week, and P = $25 on Fridays. If specula
Andru [333]

Answer:

The correct answer is D. increase; decrease.

Explanation:

Speculation consists of the purchase (or sale) of goods with a view to their subsequent resale (repurchase), when the reason for such action is the expectation of a change in the prices affected with respect to the dominant price and not the gain derived from its use, or of some kind of transformation carried out on these or of the transfer between different markets.

A speculative operation seeks not to enjoy the good or service involved, but to obtain a benefit from the price fluctuation based on the theory of arbitration. In an extensive sense, every form of investment that a medium entails is speculative; However, the term is usually applied to that investment that does not entail any kind of commitment to the management of the assets in which it is invested, and is limited to the movement of capital (financial market), usually in the short or medium term.

The speculation is based on the forecast and the perception, so that the speculator can also be wrong if he does not correctly anticipate the evolution of future prices, so he will have to sell cheap something he bought expensive. The speculative market therefore rewards those who know how to predict.

3 0
2 years ago
Mondo Corporation is a U.S. firm that invoices some of its exports in Japanese yen. If it expects the yen to weaken, it could __
Allisa [31]

Answer:

The answer is 'sell future contracts on yen

Explanation:

Futures contract is a form of derivative that is standardized. It occurs through the exchange rather than over the counter. It is safe from default or counterparty risk because the clearing house guarantees any loss.

Futures contract obligates the parties involved to either buy or sell the underlying security.

Because Mondo corporation is expecting some of its exports in yen and it is afraid of fall in exchange of yen relative to US dollar, to hedge the risk, it must sell future contracts on yen.

5 0
3 years ago
If Chester's current cash balance is $26,337 (000) and Cash Flows From Operations next period are unchanged from this period, wh
JulijaS [17]

Answer:

The correct option is c. Purchases assets at a cost of $25,000,000.

Explanation:

An emergency loan can be described as a loan that can obtained on short notice by a borrower in to cover unexpected costs.

From the options, purchasing assets at a cost of $25,000,000 will leave Chester in a serious liquidity position as the it will take 94.92% [i.e. ($25,000,000 / $26,337,000) * 100] of its current cash balance and leave the company with just $1,337 current cash balance.

Because the next period's Cash Flows From Operations are expected to be the same as this period's, purchasing assets at a cost of $25,000,000 puts Chester at the greatest danger of needing an emergency loan.

Therefore, the correct option is c. Purchases assets at a cost of $25,000,000.

7 0
3 years ago
A lawnmower that normally sells for $350 is on sale for 25% off. How much
olya-2409 [2.1K]

Answer:

$262.50

Explanation:

Multiply $350 by 0.75 since it is 25% off and the remaining is 75% to get the answer of $262.50.

3 0
2 years ago
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