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
Eddi Din [679]
2 years ago
14

Vaughn Company's inventory records show the following data: Units Unit Cost Inventory, January 1 11000 $8.80 Purchases: June 18

5000 8.00 November 8 4000 6.00 A physical inventory on December 31 shows 3500 units on hand. Vaughn sells the units for $14 each. The company has an effective tax rate of 18%. Vaughn uses the periodic inventory method. The weighted-average cost per unit is
Business
1 answer:
blsea [12.9K]2 years ago
3 0

Answer:

Vaughn Company

The weighted-average cost per unit is

= $8.04

Explanation:

a) Data and Calculations:

                                  Units    Unit Cost  Total

Inventory, January 1 11,000    $8.80     $96,800

Purchases: June 18  5,000      8.00       40,000

November 8             4,000      6.00       24,000

Total                       20,000                 $160,800

The weighted-average cost per unit = $8.04 ($160,800/20,000)

b) The weighted average method of recording inventory adds up the total units and costs of beginning and current period purchased or manufactured inventory.  The total costs are divided by the total units to obtain the weighted-average cost per unit.

You might be interested in
Although a sales representative may skip a step in the personal selling process or might sometimes have to go back and repeat st
Verdich [7]

Answer: c. closing the sale is the final—and most satisfying—part of the process.

Explanation:

Closing the sale is NOT the final part of the process but rather the FOLLOW-UP.

And like option e in the question shows, following up can lead to more sales for the representative because following up can guage customer satisfaction and if the customer is satisfied, they could become loyal and recurrent customers.

5 0
3 years ago
As you get closer to needing the money from an investment, what happens to your risk tolerance
Sedbober [7]

Risk tolerance gets lower and lower as you get closer to needing the money from your investment.

If you don't need the money for 50 years, you are more likely to take risks in the stock market or other higher risk investments in return for higher rewards. If you need the money tomorrow, you will not be willing to risk it all in the stock market because even though it <em>could </em>double, you might lose it all.

8 0
3 years ago
How do you benefit from holding a job?
neonofarm [45]
If you hold a job for a long time, if or when you choose to leave that job your employer will put in a good word for your next job it will also look good for you that you are able to hold a job for a lnog period time so your next employer wont be scared that you would get up in leave after a month
3 0
3 years ago
The corporate charter of Gagne Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first
Elanso [62]

Answer:

authorized 100,000

issued 70,000

outstanding 70,000 - 4,000 treasury stock = 66,000

Explanation:

The amount authorized doesn't change unless the company start  the legal procedure to do it.

The shares, once issued, can't be destroyed.

Te outstanding shares are the mount in the market, that will be the issued shaes less the treasury stock, which are shares in the company's possesion.

6 0
3 years ago
Consider the markets for three products below. Indicate which characteristics of a competitive market are met by these markets.
Orlov [11]

Answer:

Market : Gasoline

b. Standardized good

c. Full information

e. Participants are price takers.

Market : Barbershop haircuts

a. Large number of buyers

c. Full information

Market : Bicycles

a. Large number of buyers

b. Standardized good

c. Full information

d. No transaction cost

Explanation:

The three markets will have different characteristics which will cause the competition. The Gasoline market has standardized product and the customers are price takers. Usually the prices are fixed for the products and there is no bargaining.

7 0
3 years ago
Other questions:
  • This is more a question about highschool. What are exams like? I am going into High school next year. so yea
    9·2 answers
  • Before tuberculosis was understood to be a communicable disease, and before the discovery of antibiotics to treat it, a major ou
    6·1 answer
  • ( missing a word ) When individuals are looking for jobs but are unable to find work, they are said to be______.
    10·2 answers
  • The "market clearing price" is most closely associated with
    8·2 answers
  • On January 1, Year 1, the Mahoney Company borrowed $168,000 cash from Sun Bank by issuing a five-year 8% term note. The principa
    7·2 answers
  • You are the manager of a firm that produces and markets a generic type of soft drink in a competitive market. In addition to the
    14·1 answer
  • A good negotiator knows
    8·1 answer
  • What are the 3 important reasons to reconcile bank and credit card as a set date ​
    13·1 answer
  • What does total number of allowances you are claiming mean.
    9·1 answer
  • the fixed cost of producing wedding cakes is $10,000 per month. the variable cost for producing 10 wedding cakes per month is $1
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!