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
strojnjashka [21]
3 years ago
13

The following inventory was available for sale during the year for Dolphin Tools: Beginning inventory 10 units at $120 First pur

chase 15 units at $165 Second purchase 30 units at $210 Third purchase 20 units at $195 Dolphin Tools has 25 units on hand at the end of the year. What is the dollar amount of inventory at the end of the year according to the first-in, first-out method?a. $6,600.b. $11,900.c. $6,300.d. $7,800.
Business
1 answer:
vaieri [72.5K]3 years ago
8 0

Answer: $4,950

Explanation:

If the company is using the First In First Out method for Inventory valuation then the earlier inventory is sold off first which would mean that the inventory at year end will be the more recent inventory.

The 25 units at the end of the year will be the most recent units purchased and so will be;

20 units from the third purchase

5 units from the 2nd purchase

Inventory value = (20 * 195) + ( 5 * 210)

= $4,950

<em>The options are not for this question. </em>

You might be interested in
Technical Performance Measures should be selected for those parameters that: [Use Technical Performance Measures to track progre
elixir [45]

Answer:

The correct answer is letter "A": Are expected to have the highest degree of risk.

Explanation:

A Technical Performance Measure or TPM is an instrument that shows how well a program meets its specifications or goals. Technical Performance Measures are useful for risk tracking to identify the factors of an objective that can potentially affect the original plan of an organization.

5 0
3 years ago
When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, t
gulaghasi [49]

Answer:

Transformation process.

Explanation:

When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, the cook is taking part in a transformation process.

A transformation process can be defined as the capabilities possessed by an organization, which are then integrated into technology, internal processes, and management, for the singular purpose of converting inputs into outputs in order to meet the needs or requirements of their customers.

In this scenario, the cook uses raw meat as an input in the creation of an output, which is the restaurant's Super Burger Special.

7 0
3 years ago
The Candle Shop experienced the following events during its first year of operations, Year1
zhenek [66]

Answer:

a) 1. Acquired cash by issuing common stock  ⇒ Asset Source

2. Paid a cash dividend to the stockholders  ⇒ Asset Use

3. Paid cash for operating expenses  ⇒ Asset Use

4. Borrowed cash from a bank  ⇒ Asset Source  

5. Provided services and collected cash  ⇒ Asset Source

6. Purchased land with cash  ⇒ Asset Exchange

7. Determined that the market value of the land is higher than the historical cost  ⇒ Not applicable

 

b) I used an excel spreadsheet because there is not enough room here.  

Download pdf
3 0
3 years ago
Communication with the public and employees should be overseen by the director of PR. The duties of the crisis team should be di
Veseljchak [2.6K]

Answer: The third option (option C) is the right answer.

Explanation:

The paragraph which has the best coherence is option C. This is because in the case of the third option, it explains that the flow of ideas is constant from one sentence to another.

The first sentence serves as an introduction which talked about the reasons why duties should be divided based on each member’s expertise. The sentences moved smoothly and also logically from one sentence to another sentence. An example is the sentence that “if your company does not have a public relations executive…..”. This should logically proceed the sentence that says that communication ought to be overseen by the director of PR.

This shows that the third option possesses a consistent and logical train of thought as well.

3 0
3 years ago
A local pet supplies boutique had a good year with rising revenues and reduced operating costs resulting in personal income for
Delvig [45]

Answer:

C. discretionary income

Explanation:

3 0
3 years ago
Other questions:
  • Suppose that productivity growth in an economy over a two-year period has fallen to less than 2% per year, causing a severe rece
    9·1 answer
  • Which best describes when generally occurs in financial markets
    8·2 answers
  • In 2005, Mandy and Hal (mother and son) purchased land for $600,000 as joint tenants with right of survivorship. Of the $600,000
    6·1 answer
  • Our company makes sophisticated lenses for satellite cameras. We allocated our overhead (OH) costs using practical equipment mac
    15·1 answer
  • It is receiving $3,000/month from a disability income policy in which T's employer had paid the premiums. How are the $3,000 ben
    13·2 answers
  • If an economy experiences deflation, the real interest rate will be greater than the nominal interest rate. will be negative whe
    12·1 answer
  • Hey i need help with sum
    13·1 answer
  • Atlanta Manufacturing Company produces products A, B, C, and D through a joint process. The joint costs amount to $100,000. Prod
    8·1 answer
  • As the game says, most borrowers only pay attention to the monthly payment when taking out a loan. Why do you think this is?.
    10·1 answer
  • Which of the following is a term for physical goods that are bought and<br> sold?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!