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Marizza181 [45]
3 years ago
14

Maxim Corp. has provided the following information about one of its products:

Business
1 answer:
Lilit [14]3 years ago
4 0

Answer:

d. $48,000

Explanation:

The calculation of ending inventory using average cost method is as seen below;

Total units = 200 + 400 + 100

Total units = 700

Total cost = (200 × $140) + (400 × $160) + (100 × $200)

Total cost = $28,000 + $64,000 + $20,000

Total cost = $112,000

Average cost per unit = Total cost ÷ Total unit

Average cost per unit = $112,000 ÷ 700

Average cost per unit = $160

Ending inventory = Total units - Units sold

Ending inventory = 700 - 400

Ending inventory = 300

Therefore, cost of ending inventory

= Ending inventory × Average cost per unit

= 300 × $160

= $48,000

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Oksanka [162]

Answer:

The correct answer are: Example of Plagiarism ; Correctly Paraphrased.

Explanation:

Plagiarism is using someone else's work, ideas, or words as if they were their own, without explicitly crediting where the information comes from.

The outside information is owned by another person (such as a car or anything else we own), regardless of whether it is free or not, or in the way we have accessed it (on the Internet, a magazine, a book) . Our words belong to us and cannot be used without our permission.

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4 0
4 years ago
On July 1, 2019, Ivanhoe Company purchased new equipment for $90,000. Its estimated useful life was 5 years with a $12,000 salva
ivann1987 [24]

Answer:

Journal entry

Explanation:

The journal entry to record the depreciation expense is shown below:

Depreciation Expense A/c Dr $7,800

           To Accumulated Depreciation - Equipment A/c $7,800

(Being depreciation expense is recorded)

The computation is shown below:

= ($90,000 - $12,000) ÷ 5 years × 6 months ÷ 12 months

= $7,800

The six months is calculated from July 1, 2019 to December 31, 2019

7 0
4 years ago
Small teams perform better than large ones because: members exchange more opinions. members do not feel like a part of the group
AlladinOne [14]

<span>The reason why small teams perform better than large ones is because of the first option, members exchange more opinions, it is because in large groups, there are a lot of people in the group which is hard to communicate and to exchange more opinions as the group is large and could cause misunderstanding. But when in small groups, it is much easier to exchange opinions as they are only small in size, making it easier to communicate and to understand each other compared to a large group who are comprised of many individuals, causing unclear conversations and misunderstandings when not handled properly. Other options does not correspond to the question as it does not explain why small teams perform better than large groups.</span>

7 0
3 years ago
Answer the question based on the following supply and demand schedules in units per week for a product.Price Quanity Demanded Qu
xeze [42]

Answer: equilibrium price is $30

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4 0
3 years ago
Professionals in_______ and investment pathway help companies connect with investors
Andreyy89

Answer: Professionals in the securities and investment pathway help companies connect with investors

Explanation:

4 0
3 years ago
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