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alekssr [168]
3 years ago
13

mr sumesh started selling cars at the age of 23 and he then started selling planes at the age of 43 years. what is the fraction

of his agr did he sell the car?​
Business
1 answer:
Montano1993 [528]3 years ago
3 0

Answer:

Fraction = \frac{20}{43}

Explanation:

Given

Cars = 23

Planes = 43

Required

Fraction of his age where he sold cars.

So, first we need to calculate the duration which he sold cars.

Duration = 43 - 23

Duration = 20

This means that he sold cars for 20 years.

To solve further, we'll assume that his current age is 43.

So, the fraction of his age is:

Fraction = \frac{Duration}{Current\ Age}

Substitute values for Duration and Current Age

Fraction = \frac{20}{43}

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Answer and Explanation:

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b. For FOB shipping point

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3 years ago
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 40 units at $165 $6,600 Aug. 13 Purcha
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Answer:

a. FIFO - Inventory Used: $39900  Remaining Inventory: $14700

b. LIFO - Inventory Used: $41700 Remaining Inventory: $12900

c. Weighted Average Cost - Inventory Used: $40950 Remaining Inventory: $13650

Explanation:

Jan 01. Beginning inventory = 40 x $165 = $6600

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Nov 30. Purchases 60 x $200 = $12000

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This is the method where the inventory first received is the one that is used first. Common method when the inventory is perishable and would be wasted if left too long.

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40 x $165 = $6600

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Total = $39900

Remaining Inventory:

15 x $180 = $2700

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(b) Last-In-First-Out

Method whereby the inventory received latest is used first. Common in goods that are bulky. the inventory on top (latest purchased) is used first.

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165 x $180 = $29700

Total = $41700

Remaining Inventory:

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35 x $180 = $6300

Total = $12900

(c) Weighted Average Cost

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3 0
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Answer:

expensed in the period in which the product is manufactured.

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