Answer:
$860,400
Explanation:
Cholla, Inc.’s
Cost of goods sold = Beginning inventory + Purchases − Ending inventory
Purchases = Cost of Goods Sold − Beginning Inventory + Ending Inventory
Cost of Goods Sold $801,000
Less Beginning Inventory ($77,400 )
$723,600
Add Ending Inventory $ 136,800
Amount of inventory purchased $860,400
Therefore the amount of inventory that was purchased during the year was $860,400.
Mean while the consignment inventory is not owned by the company and is not as well considered in the Cost of Goods Sold equation.
Answer:
D. $28.50
Explanation:
Peach Equivalent-unit cost = Total Cost / Units
Peach Equivalent-unit cost = ($966000 + $231000) / (40000 units + (10000 units*20% completion))
Peach Equivalent-unit cost = $1197000 / (40000 units + 2000 units)
Peach Equivalent-unit cost = $1197000 / 42000 units
Peach Equivalent-unit cost = $28.50
Answer:
c. It has compatibility problems with legacy systems
Explanation:
Enterprise Resource Planning possess issues with the legacy systems and that is completely a compatibility issue because of technological advancement internally in the organization that creates the same as well.
Answer:
The total revenue needed to break even is $206.90 per day
Explanation:
The break even point of revenue is the total revenue earned by the firm where total revenue equals total cost and there is no profit or no loss. The break even in dollars can be calculated using the following formula,
Break even in dollars = Fixed cost / Contribution margin ratio
Contribution margin ratio = (Selling price per unit - variable cost per unit) / Selling price per unit
Contribution margin ratio = (40 - 11) / 40 = 0.725 or 72.50%
The fixed cost per day is the cost of the vending space of $150.
Break even in dollars = 150 / 0.725 = $206.896 rounded off to $206.90
Answer:
The correct answer is letter "A": The line between electronic retailing and traditional retailing is blurring as traditional retailers go online.
Explanation:
Most purchases nowadays are being processed online. The easiness to access to a wide variety of products and the methods of payments causes more people to buy online. Besides, the number of retailer stores with mobile apps is increasing so there is no need to have a computer to make the purchases online since they can be made with a phone. This scenario is fading the line that used to separate traditional retailing with online retailing.
