Answer: $65
Explanation: Under the FIFO method, that is, first in first out method inventory is recorded on the assumption that the goods that were purchased first will also be sold first and the remaining inventory will have the latest purchased units.
So, in the given question the two units sold would be costing $80 and $95
Hence,
Gross profit = $240 - ($80 + $95)
= $65
Answer:
The Designer Journal Entry
Date General Journal Debit Credit
July 31 Unearned Revenue $7,500
Design Services Revenue $7,500
Answer:
the answer is a
Explanation:
i just took the usatestprep
It implies that you don't have to give up on your unachievable objectives or lofty aspirations. You should have big dreams. You must go to work.
<h3>What exactly does it mean to "construct castles in the air"?</h3>
ideas with an extremely slim possibility of success. Your effort need not be lost if you have constructed castles in the sky; that is where they belong. Place foundations beneath them now. Henry David Thoreau, to wit. These statements have a powerful impact on both young adults looking for their place in the world and adults who have found their position but are unsure of what to do next.
<h3>Why shouldn't we erect castles in the sky?</h3>
Complete Resolution. The right response, which is dream, is option 3. Build castles in the air is a slang expression for making unattainable, impractical, or very improbable goals or dreams.
To know more about castles air visit:-
brainly.com/question/11628281
#SPJ4
Answer:
Explanation:
a.) What do you expect the rate of return to be over the coming year on a 3-year zero-coupon bond? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
Expect the rate of return to be over the coming year on a 3-year zero-coupon bond = 6.1%
b) Under the expectations theory, what yields to maturity does the market expect to observe on 1- and 2-year zeros at the end of the year?(Round your answers to 2 decimal places. Omit the "%" sign in your response
Yields to maturity does the market expect to observe on 1-year at the end of the year = (1+5.1%)^2/(1+4.1%) - 1 = 6.11%
Yields to maturity does the market expect to observe on 1-year at the end of the year = 6.11%
Yields to maturity does the market expect to observe on 2-year at the end of the year = ((1+6.1%)^3/(1+4.1%))^(1/2) - 1
= 7.11%
Yields to maturity does the market expect to observe on 2-year at the end of the year = 7.11%
2b) Is the market's expectation of the return on the 3-year bond greater or less than yours?
Greater
