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worty [1.4K]
3 years ago
6

Inventory records for Dunbar Incorporated revealed the following: DateTransactionNumber of UnitsUnit Cost Apr.1Beginning invento

ry 480 $2.48 Apr.20Purchase 440 2.75 Dunbar sold 550 units of inventory during the month. Ending inventory assuming weighted-average cost would be:
Business
1 answer:
Jet001 [13]3 years ago
7 0

Answer:

$965

Explanation:

Calculation to determine what Ending inventory assuming weighted-average cost would be:

First step is calculate the Weighted-average cost

Weighted-average cost = [(480 x $2.48) + (440 x $2.75)] / (480+440)

Weighted-average cost =1,190.4+1210/920

Weighted-average cost = 2400.4/920

Weighted-average cost =2.6091

Now let determine the Ending inventory

Ending inventory = (920-550) x 2.6091

Ending inventory = 370x 2.6091

Ending inventory =$965

Therefore Ending inventory assuming weighted-average cost would be $965

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Upper A decrease in the supply of chocolate chip cookies brings a​ _______ of chocolate chip cookies at the original​ price, and
SCORPION-xisa [38]

Answer:

increase

increase

Explanation:

As a result of the decrease in the supply of chocolate chip cookies, there would be a leftward shift in the supply curve. this leads to an increase in price and a decrease in supply.

Price of the cookies would increase

5 0
2 years ago
Jacob is reading a great thriller. The table shows a proportional relationship between the number of pages he reads and the numb
grigory [225]

Answer:

Constant of proportionality in pages per hour = 14 pages in 1 hour

Explanation:

Given:

Hour 2 Number of pages 28

Hour 3 Number of pages 42

Find:

Constant of proportionality in pages per hour

Computation:

Number of pages read in first week = 28 / 2

Number of pages read in first week = 14

Number of pages read in second week = 42 / 3

Number of pages read in second week = 14

Constant of proportionality in pages per hour = [Number of pages read in first week + Number of pages read in second week] / 2

Constant of proportionality in pages per hour = [14 + 14] / 2

Constant of proportionality in pages per hour = 14 pages in 1 hour

4 0
3 years ago
Sand Point Corporation's common stock recently paid a dividend of $1.50. Investors require a 16% rate of return on this stock. S
Nikolay [14]

Answer: $42

Explanation:

Value can be found using the Gordon Growth model;

= (Current dividend * (1 + Growth rate)) / ( required return - growth rate)

Growth rate =  Retention ratio * Return on equity

= 40% * 30%

= 12%

Value = (1.50 * 1.12)/ ( 16% - 12%)

= $42

6 0
2 years ago
Beresford Inc. purchased several investment securities during 2015, its first year of operations. The following information pert
Minchanka [31]

Answer:

$637,000

Explanation:

The computation of the  total investment securities reported is shown below:

= ABC Co. bonds amortization cost for year 2015 + DEF Co fair value for year 2015 + GEH Inc fair value for the year 2015 + IJK Inc fair value for the year 2015 + LMN co stock fair value for the year 2015

= $367,500 + $48,000 + $47,000 + $44,000 + $130,500

= $637,000

We simply applied the above formula

6 0
3 years ago
Detroit Corporation sued Chicago Corporation for intentional damage to Detroit's goodwill. Detroit had created its goodwill thro
Grace [21]

Answer:

d. The $1,500,000 is not taxable because Detroit settled the case

Explanation:

The $1,500,000 is not taxable because Detroit settled the case, Compensation received of damaging Goodwill is not taxable.

8 0
3 years ago
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