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Answer:
Ending inventory cost= $599
Explanation:
Giving the following information:
June 1 150 units $ 390 (2.6)
June 10 200 units 585 (2.93)
June 15 200 units 630 (3.15)
June 28 150 units 495 (3.3)
Ending inventory in units= 200
<u>To calculate the ending inventory, first, we need to calculate the average price:</u>
Average price= (2.6 + 2.93 + 3.15 + 3.3) / 4= $2.995
<u>Now, the ending inventory:</u>
Ending inventory= 2.995*200
Ending inventory= $599
Answer:
A) Sell short 100 ABC at 69.45 Stop
Explanation:
When an order is placed below the market (OBLOSS - Open Buy Limits Open Sell Stops) it will be adjusted on the specialist's book for distributions on ex date. This open sell stop order = $70 - $0.55 (dividend) = $69.45
So the adjusted order will be: Sell short 100 ABC at 69.45 stop.
One of the disadvantages of dealing with a financial intermediary would be: <span> A financial intermediary shares risks.</span>
Answer:
Check the explanation
Explanation:
May June
Budgeted sales 10800 14400
(600*18) (800*18)
Less: cost of good sold 5970 7960
(9.95*600) (9.95*800)
Gross margin 4830 6440
Less: Operating expenses
Selling expenses (6%*Sales) 648 864
Fixed administrative expenses 1200 1200
Total operating expenses 1848 2064
Budgeted Net Operating Income 2982 4376
Unit product cost
Material $4
Direct labor (9*.3) 2.7
Variable manuafcturing overhead 1.25
Fixed overhead 2
Unit product cost $9.95
