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3 years ago

Splish Brothers Inc. uses a perpetual inventory system. Data for product E2-D2 include the following purchases.

Business

1 answer:

harkovskaia [24]3 years ago

8 0

Answer:

Splish Brothers Inc.

Perpetual Inventory Schedule using moving average costs:

Date Description Number Average Cost Total Cost Cost

of Units Balance

May 7 Purchase 105 $7 $735 $735

June 1 Sales (55) $7 385 350

July 28 Purchase 63 $18 1,134 1,484

August 27 Sales (84) $13.1327 1,103 381

Explanation:

a) Data and Calculations:

Date Number of Units Unit Price Total Costs

May 7 Purchase 105 $7 $735

June 1 Sales (55) $7 385

July 28 Purchase 63 $18 1,134

August 27 Sales (84) $13.1327 1,103

Cost of goods sold = $1,488 ($385 + $1,103)

Ending inventory = $381

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3 years ago

Both Apple and Google sell electronic devices, and each of these companies has a different product mix.

Marrrta [24]

Answer:

Apple contribution margin

$ 300 per unit

Apple Break even point:

$ 120 units

Google contribution margin

$ 200

BEP

$ 50

Explanation:

$\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}$

<em><u>Where:</u></em>

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Google contribution margin

470 - 270 = 200

BEP

10,000 / 200 = 50

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3 years ago

A business buys motors that it uses to make blenders and mixers. The motors are an example of?

Levart [38]

Answer:

components

Explanation:

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3 years ago

If Janet decides to wear her favorite red shirt instead of her favorite blue dress, she is making what?

tatuchka [14]

Answer:

she is making a decision?

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3 years ago

Read 2 more answers

Terms of a lease agreement and related facts were:

Feliz [49]

Answer:

1) January 1, 2018, asset leased

Dr Lease receivable 550,000

Cr Equipment 550,000

January 1, incremental costs associated with lease transaction

Dr Lease receivable 6,652

Cr Cash 6,652

January 1, 2018, first lease payment collected

Dr Cash 200,000

Cr Lease receivable 200,000

2) to calculate the effective rate we can use the present value of an annuity due formula

PV annuity due factor, 3 periods, ?% = present value of lease receivable / annual payment = $556,652 / $200,000 = 2.78326

Now we must use an annuity due table to determine a possible rate. In this case, the exact rate is 8%.

3) December 31, 2018, interest receivable on lease contract

Dr Interest receivable 28,532

Cr Interest revenue 28,532

interest receivable = ($556,652 / $200,000) x 8% = $28,532

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3 years ago