Answer:
A. 3000 units x $7 = $21000
Explanation:
FIFO (First-In-First-Out) is a method of inventory valuation where the stock that is purchased first is used first. In other words, the oldest stock is used first. This is common for perishable items which if not used up fast, will be wasted.
Jan 01 - Beginning inventory : 5000 units x $9 = $45000
Jun 18 - Purchases : 4500 units x $8.20 = $36900
Nov 08 - Purchases : 3000 units x $7 = $21000
Total inventory = 5000 + 4500 + 3000 = 12,500 units
Ending inventory = 3,000 units
Hence, inventory sold = 9,500 units
The cost of goods sold using FIFO:
5000 units x $9 = $45000
4500 units x $8.20 = $36900
COGS = $45000 + $36900 = $81900 (9500 units)
Ending inventory :
3000 units x $7 = $21000 (3000 units)
Answer:
Net Income = $1,250
Explanation:
Benning Co.
Income Statement
For the Month Ended July 31, 2010
Particulars $ $
Revenues 6,000 (1)
Expenses:
Wages Expense 2,600 (2)
Supplies Expense 1,000 (3)
Utilities Expense 600
Insurance Expense 400
Depreciation Expense 150
<em>Total expenses </em><u><em> 4,750 </em></u>
Net Income $1,250
<u><em>Note:</em></u>
1. Revenues = 5,500 + 500 (Adjustment 5) = $6,000
Performed services not recorded will add.
2. Wages expense = $2,300 + 300 (Adjustment 3) = $2,600
Accrued wages not paid will add to the wages expense.
3. Supplies Expense = $1,200 - 200 (Adjustment 2) = $1,000
Supplies expense includes supplies on hand will decrease the supplies expense.
Answer:
The estimate value of the subject property is $8,269,200
The other information that would be desirable in reaching a conclusion:
The closeness of the property to central business districts as the closer it is the higher the asking price.
The estimate was solely based on revenue, the applicable costs have been ignored.
The average taken might not be a good indication for the subject property because the property might have unique features
Explanation:
The formula for Gross Rent Multiplier is given Property Price / Gross Monthly Rental Income.
In determining the estimate value of the subject property ,we calculate the gross rent multiplier of the new property,then multiply it with the annual rental income.
In ascertaining the GRM of the new property we take the average GRM of the two similar properties in the same area.This is because the new property judging from number of units, lies in-between the other two properties.
GRM for Oaks
GRM=$9000000/($550*140)
GRM =116.88
GRM for Palms
GRM=$6,600,000/($650*90)
GRM =112.82
The average GRM=(116.88+112.82)/2
=114.85
Subject property price=114.85*(120*$600)
=$8,269,200
An overview within psychology that highlight the potential
for of human to be good and that is nature of human is Humanism. Observable actions of humans and nonhuman
animals it is also the scientific study of mind and behavior. Behavior is biological, but our behavior is
influenced by our interactions with others.
Answer:
hello your question is incomplete attached below is the complete question
answer: 28.12%
Explanation:
The first table is the allotting of relative weighted value in from to chart and also finding the Total.
The second table is found by multiplying 1-times cell distance in the upper 2-times with cell distance in lower triangular values.
Hence Flow efficiency = (Total / penalty ) * 100
= ( 36 / 128 ) * 100 = 28.12%
