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jolli1 [7]
3 years ago
10

In its first month of operations, Marigold Corp. made three purchases of merchandise in the following sequence: (1) 240 units at

$5, (2) 340 units at $7, and (3) 440 units at $8. Assuming there are 140 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method
Business
1 answer:
trapecia [35]3 years ago
6 0

Answer:

A= $1120

Explanation:

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Question 11 of 20
Inessa [10]

Answer: Gus should keep the files A. and D.

Explanation:

I don’t believe that he should keep B. due to D. showing an update to B. so, he shouldn’t keep B. so that he doesn’t get confused by both B. and D. being in the files.

8 0
1 year ago
Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can
Ierofanga [76]

The true statement out of all is

B) Georgeland has both an absolute and a comparative advantage in producing clothing.

Explanation:

This is because Absolute advantage is when one firm or a producer is able to produce more of a product using less resources or less time or more of the product in the same resources or same time as the other.

Comparative advantage is found out at the added bonus of having the product be as viable as it is advantageous which means that the producer could also be making another product and would have the advantage in that too so either one of them is equally profitable.

5 0
3 years ago
In the process of brainstorming his goals, Robert realized his Web business was more about money than creativity. His decision t
bixtya [17]
From what I understand here, it is the company that will be creating the 5000 monthly income. This is an example of a specific measurable goal since the goal of Robert is to make sure that the monthly net income of his company would reach at least 5000. Since he is the boss of his company, this is also probably his personal mission for his company so that he will be motivated to keep on bringing his company to better heights. This will also probably motivate his employees to work harder as well.
6 0
3 years ago
An opportunity cost is the a. monetary price paid for a good or service. b. cost of finding the lowest price for a product. c. l
Bess [88]

Answer:

The opportunity cost is e. cost of a purchase or decision as measured by what is given up.

Explanation:

The opportunity cost can be defined as the cost of giving up the benefits associated with the next best alternative that is given up. It is also referred to as the loss of potential gain that is given up when one option is chosen over the other.

For example, If you have a choice of working at a company for salary of $10000 per year or starting your own business that is expected to earn $15000 per year, the opportunity cost of choosing to start your own business is the $10000 per year from the job that is given up.

6 0
3 years ago
Below is a list of activities for Purple Cow Incorporated. Required: For each activity, indicate the impact on the accounting eq
myrzilka [38]

Answer:

             Assets        =           Liabilities         +       Stockholders' Equity

<u>1.</u>             1,600                            0                                  1600

<u>2.</u>             -400                            0                                  -400

<u>3.</u>                  0                             0                                        0

<u>4.</u>             -100                             0                                   -100

<u>5.</u>            -400                             0                                  -400  

<u>6.</u>            1000                             0                                       0

              -1000

<u>7.</u>             7000                     7000                                       0  

<u>8.</u>                   0                       200                                  -200

<u>9.</u>           10000                           0                                10000

<u>10.</u>        <u>    -500  </u>                 <u>        0     </u>                        <u>      -500     </u>

Totals     17200                     7200                                10000

5 0
3 years ago
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