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
expeople1 [14]
2 years ago
7

Delta Diamonds uses a periodic inventory system. The company had five one-carat diamonds available for sale this year: one was p

urchased on June 1 for $500, two were purchased on July 9 for $550 each, and two were purchased on September 23 for $600 each. On December 24, it sold one of the diamonds that was purchased on July 9. Using the FIFO method, its ending inventory (after the December 24 sale) equals:_______
A. $2,200.
B. $2,300.
C. $2,800.
D. $2,250.
Business
1 answer:
mote1985 [20]2 years ago
4 0

Answer:

B. $2,300.

Explanation:

The computation of the ending inventory using FIFO method is given below:

Since there are 5 diamonds and one is sold

So, the ending inventory units should be

= 5 - 1

= 4

Now the ending inventory be

= 2 × $600 + 2 × $550

= $1,200 + $1,100

= $2,300

Hence, the option b is correct

You might be interested in
When a person is authorized by the principal to transact all affairs in connection with a particular type of business or trade o
yawa3891 [41]

Answer:

General agent

Explanation:

A general agent is a person that the principal authorises to perform transactions in relation to a part business on a certain place.

A general agent can perform all acts in relation to a business that has been assigned by the principal. For example in real estate when an agent performs property management functions for his client he is acting as a general agent.

On the other hand a special agent is one that is employed by a principal to perform a specific task or job and his scope of responsibility is limited to that job function.

6 0
3 years ago
Abraham has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him t
fenix001 [56]

Answer:

Collision

uninsured motorist

comprehensive

liability coverage

Explanation:

From the question, we are informed about Abraham who has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. In this case the basic types of coverage Abraham should buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile are;

✓ uninsured motorist

✓comprehensive

✓liability coverage

Insurance is very essential in protecting an individual or firm from any form of financial loss, it can be regarded as a kind of risk management and it is way to avoid uncertain loss. Then if Adam could buy the coverage he will be protected from loss in future.

3 0
3 years ago
According to keynes what should the government do to improve economic conditions during a recession? group of answer choices
Dvinal [7]

Keynesian economics argues that demand drives supply and that healthy economies spend or invest more than they save. To create jobs and boost consumer buying power during a recession, Keynes held that governments should increase spending, even if it means going into debt.

Keynesian economics is a variety of macroeconomic theories and models of how aggregate demand significantly affects economic output and inflation. From a Keynesian perspective, aggregate demand does not necessarily match the economy's capacity. Instead, it is influenced by many factors that affect production, employment, and inflation.

Keynesian economists generally argue that aggregate demand is volatile and unstable, and as a result, market economies often experience inefficient macroeconomic consequences. They further argue that these economic fluctuations can be mitigated through coordinated economic policies between governments and central banks. Fiscal and monetary policy measures, in particular, help stabilize economic output, inflation, and unemployment throughout the business cycle. Keynesian economists generally advocate a regulated market economy. Although primarily the private sector, it plays an active role in government intervention during recessions.

Learn more about Keynesian economics  here : brainly.com/question/20036871

#SPJ4

3 0
2 years ago
What type of brake lining is typically used on heavy-duty vehicles?
galina1969 [7]

For heavy-duty vehicles, sintered-metal brake linings are typically use for better performance and brake lining rivets is the best choice to secure brake shoe linings on trucks and other vehicles. Sintered brake linings offers a stable friction coefficient and produce good bite right away for safer travel. Moreover, they have good properties such as the ability to handle extreme heat well, they are resistant to fade, typically last longer than other types, and perform well even in rain and mud, which make it to be a choice for heavy-duty vehicles. <span>However, rivet heads may score the drum if the linings are not replaced soon enough, so proper maintenance should not be neglected.</span>

3 0
3 years ago
Market size and growth of the total U.S. beer market was estimated to be around $106 billion. The total economic impact of the b
RUDIKE [14]

Answer:false

Explanation:

The current gdp of us is estimated to about $21427.1 billion.

So if beer market is estimated to be $106 billion, the percentage is ($106/$21427.1)*100

= 0.004947*100

=0.4947%

0.497% is not up to 2%

6 0
3 years ago
Other questions:
  • Mr. Etemadi has prepared the following list of statements about service companies and merchandisers.
    12·1 answer
  • Cross Town Cookies is an all-equity firm with a total market value of $770,000. The firm has 46,000 shares of stock outstanding.
    6·1 answer
  • Jonamser Bank has separate legal, marketing, finance, and human resources divisions. Each of these units has qualified specialis
    8·1 answer
  • A firm with an A rating plans to issue one million units of a 10 year-4% bond with face value $100. After the financial crisis t
    10·1 answer
  • Beech Corp., an accrual-basis, calendar-year S corporation, has been an S corporation since its inception. At the beginning of t
    10·1 answer
  • Increased government debt can lead to higher interest rates​ and, as a​ result, crowding out of private investment spending. In
    10·1 answer
  • Suppose the M P C is 0.8 and the current tax rate is 25 % . What is the government purchases multiplier? Specify all answers to
    5·1 answer
  • On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in ex- change for 12,500 shares of $25 pa
    13·1 answer
  • Larkspur Company has been operating for several years, and on December 31, 2020, presented the following balance sheet.
    15·1 answer
  • An individual or company purchaser that sees the benefits-to-status-quo ratio of a new product or service better than the averag
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!