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
Rasek [7]
2 years ago
5

Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting r

ecords for the most popular item in inventory showed the following: Transactions Units Unit Cost Beginning inventory, January 1 400 $3.00 Transactions During the year: a. Purchase, January 30 300 3.40 b. Purchase, May 1 460 4.00 c. Sale ($5 each) (160) d. Sale ($5 each) (700) Required: a. Compute the amount of goods available for sale.
Business
1 answer:
pashok25 [27]2 years ago
7 0

Answer:

cost of goods available for sale= $4,060

Explanation:

Giving the following information:

Beginning inventory, January 1: 400 $3.00

Purchase, January 30: 300 3.40

Purchase, May 1: 460 4.00

<u>The cost of goods available for sale is the sum of the beginning inventory and the purchases of the period:</u>

<u></u>

cost of goods available for sale= beginning inventory + purchase

cost of goods available for sale= 400*3 + 300*3.4 + 460*4

cost of goods available for sale= $4,060

You might be interested in
Describe the three most downturns in the United States economy since the 1920's
velikii [3]
The Great Depression, the recession, I don't know the other one.
5 0
3 years ago
Benchmarking is the process of comparing other organizations’ activities against the practices used in one’s own organization to
mina [271]

Answer:

The correct answer is True.

Explanation:

Benchmarking is a continuous process by which the products, services or work processes of leading companies are taken as a reference, to compare them with those of your own company and then make improvements and implement them.

It is not about copying what your competition is doing, but learning what leaders are doing to implement it in your company by adding improvements. If we take as a reference those who stand out in the area that we want to improve and study their strategies, methods and techniques to subsequently improve and adapt them to our company, we will achieve a high level of competitiveness.

8 0
3 years ago
Consider the following two stocks, A and B. Stock A has an expected return of 10% and a beta of 1.20. Stock B has an expected re
mina [271]

Answer: Stock B

Explanation:

Use CAPM to calculate the required returns of both stocks.

Stock A

Required return = Risk free rate + beta * ( Market return - risk free rate)

= 5% + 1.20 * (9% - 5%)

= 9.8%

Stock B

Required return = 5% + 1.8 * (9% - 5%)

= 12.2%

Both of them have Expected returns that are higher than their Required returns so both of them are good buys.

The better buy would be the one that has more expected value excess over required return.

Stock A excess = 10% - 9.8% = 0.2%

Stock B excess = 14% - 12.2% = 1.8%

<em>Stock B offers a higher excess and is the better buy. </em>

7 0
2 years ago
Think of an example of a time during the last month when you should have used critical thinking skills but did not . What was th
Anna35 [415]
This app requested me to answer this question to get points but sorry idk the answer cs im in 6th
6 0
2 years ago
Which of the following is not needed to calculate simple interest?
kvasek [131]
Down payment - Apex ;)
4 0
2 years ago
Read 2 more answers
Other questions:
  • The size of a loan and its issuance costs​ (as a percentage of the amount​ borrowed) are​ ________.
    13·1 answer
  • What does it mean to set up an ""automatic deposit"" and why is this a good savings strategy?
    12·1 answer
  • If consumers buy less of a commodity when their incomes rise, this commodity is .
    14·1 answer
  • Who should be involved in orientation of new employees? Why would it not be appropriate to provide employee orientation purely o
    9·1 answer
  • Calculate the future value of $1,000 in a. Four years at an interest rate of 7% per year. b. Eight years at an interest rate of
    15·1 answer
  • Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to k
    14·1 answer
  • True Moto Corp. (TMC) is a leading automobile company. The company has been able to sustain its competitive advantage primarily
    14·1 answer
  • Yao decides to place a $2,000 deposit at the end of each year into a bond fund that earns 6% annually. Find the amount of the in
    15·1 answer
  • A company purchases inventory on account for $45,000 with terms 2/10, n/30. Under the net method of accounting for purchases, th
    11·1 answer
  • jose owns a dog whose barking annoys jose's neighbor jane. suppose that the benefit of owning the dog is worth $100 to jose and
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!