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3 years ago

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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pochemuha

Alief ISD is better there you go

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3 years ago

Tom has a weekly allowance of $24, all of which he spends on pizza and movie rentals, whose prices are $6 per slice and $3 per r

Mariana [72]

Answer:

Tom can afford 6 rentals and his utility is at maximum level, when he consumes 8 slices of pizza and rents 8 movies per week.

Explanation:

For the given utility equation 24$= 6*slice of pizza + 3*rented movie, where pizza levels are 1,2,3 and 4, we have:

24 = 6*1 + 3* x

x = 6

24 = 6*2 + 3*x

x = 4

24 = 6*3 +3*x

x = 2

24 = 6*4 + 3*x

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His total utility is the sum of given utilities per week, which he has from slices of pizza eaten and movies rented. Therefore he should consume 8 slices of pizza and rent 8 movies per week.

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4 years ago

Consider a world in which there is no currency and depository institutions issue only transactions deposits and desire to hold n

nataly862011 [7]

Consider a world in which there is no currency and depository institutions issue only transactions deposits and desire to hold no excess reserves. The required reserve ratio is 15 percent. The central bank sells $0.98 billion in government securities.

What happens to the money supply?

Give reasons to support your answer.

Answer:

The answer is below

Explanation:

Considering the situation described above, the result is that there will be a DECREASE in the money supply of $6.53 billion.

This is because the money multiplier is calculated as 1/rr, where RR is the reserve ratio.

Hence, in this case, we have 1/0.15 = 6.67

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3 years ago

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Answer:

Shows the time an employee worked on each job, the pay rate, and the total cost chargeable to each job.

Explanation:

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3 years ago

if the market price of common stock increases substantially, bondholders with convertible bonds benefit. convertible bonds can b

BARSIC [14]

Answer:

if the market price of common stock increases substantially,

bondholders with convertible bonds benefit.

Explanation:

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3 years ago