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riadik2000 [5.3K]
3 years ago
10

A physical count of merchandise inventory on July 30 reveals that there are 180 units on hand. Using the FIFO inventory method,

the amount allocated to ending inventory for July is
Business
1 answer:
Nookie1986 [14]3 years ago
8 0

Answer: $3,708

Explanation:

Using FIFO means that the earlier goods are sold before the later ones so the closing inventory would have the latest goods purchased.

If there are 180 units on hand, the cost would be:

  • 54 units purchased at $22
  • (180 - 54) units purchased at $20

Closing inventory is:

= (54 * 22) + ( (180 - 54) * 20)

= (54 * 22) + ( 126 * 20)

= $3,708

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Su Industries has international subsidiaries in Asia. These subsidiaries enter into transactions in both the US dollar and local
Savatey [412]

Answer: Increase / Gain of $36,000

Explanation:

Remeasurement loss, which arises from conversions of the various currencies used by the company to a functional currency, goes to the Income statement and is subtracted from the Net income.

Translation gains on the other hand, are added to the Other Comprehensive income.

The other comprehensive income will therefore increase by the translation gain of $36,000.

5 0
2 years ago
Susan saved $5000 per year in her retirement account for 10 years (during age 25-35) and then quit saving. However, she did not
sladkih [1.3K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Susan:

Annual deposit= $5,000 for 10 years

Lumo-sum for 30 years

Interest rate= 8.5%

Jane:

Annual deposit= $5,000 for 30 years.

<u>First, we will calculate the future value of Susan:</u>

<u></u>

First 10 years:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,000*[(1.085^10)-1]}/0.085

FV= $74,175.50

Last 30 years:

FV= PV*(1+i)^n

FV= 74,175.50*(1.085^30)

FV= $857,050.14

<u>Jane:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,000*[(1.085^30)-1]}/0.085

FV= $621,073.63

<u>Earnings difference= 857,050.14 - 621,073.63= $235,976.51 in favor of Susan.</u>

8 0
3 years ago
The ___ show(s) the quantity of a good consumers would be willing and able to purchase at a given time for a range of prices whi
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Answer:

a) demand curve and demand schedule

Explanation:

A demand schedule is actually a table while a demand curve is a graph. Understanding the difference between the two of them is important in answering this question but both show different quantities of goods that consumers are willing to buy at different prices. An important assumption is that other factors affecting the quantity demanded are held constant. In summary, a demand schedule shows this relationship in a tabular form while demand curve shows it in a graphical form.

3 0
3 years ago
One major difference between low-income children who participated in the high scope preschool project and those that did not par
Ganezh [65]

One major difference between low-income children who participated in the high-scope preschool project and those that did not participate was that at the age of 27 years, <u>those who practiced were more likely to be married and own their house</u>.

The Perry Preschool project set up the lasting human and economic price of early life schooling and caused the establishment of the HighScope education studies foundation and one of the first early formative years applications in the u.s. intentionally designed to increase faculty fulfillment for preschool.

Outcomes of the Perry Preschool program consist of: better school fulfillment; extended excessive college graduation prices amongst women; higher employment charges; better profits; and notably decrease crime fees. There were no lasting profits on checks of intellectual performance (IQ exams).

The HighScope educational research foundation research strategies for early formative years of education are primarily based on the methods of the 1962 Perry Preschool observation. It was founded in 1970 with the aid of psychologist David Weikart.

Learn more about the Perry Preschool program here brainly.com/question/25630852

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3 0
1 year ago
"A leading environmental group recently published a report contending that humans are running a "resource deficit" because we ar
adelina 88 [10]

Answer:

c. disagree with the report, in part because it ignores the mitigating effects of technological change.

Explanation:

  • As the human is making use of most of the earth available resources they are running towards deficits as no country has self-sufficiency in terms of the land, labor and capital and natural resources and they are getting depleted at a much faster rate than could be generated.
  • Thereby resulting to rise in inflation and decline in the economic productivity growth while some of the economists disagree with the report ignores the impacts of  technologies.
4 0
3 years ago
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