Answer:
Ending inventory as at 31 December = $1500
Explanation:
First-In-First-Out is a method of inventory valuation whereby the stock that comes in first, is used first. This is common for inventory consisting of perishables, such as vegetables where if not used/sold soon, it would be wasted.
Jan 31: Purchases = $20 x 100 units = $2000
<em><u>Remaining inventory:</u></em>
$20 x 100 units = $2000
Feb 28: Purchases = $30 x 100 units = $3000
<em><u>Remaining inventory:</u></em>
$20 x 100 units = $2000
$30 x 100 units = $3000
<em><u>Sales = 150 units x $45:</u></em>
$20 x 100 units = $2000
$30 x 50 units = $1500
<em><u>Remaining inventory</u></em>
200 - 150 = 50 units x $30 = $1500
<em>Thus,</em>
Cost of Goods Sold = $3500 ($2000 + $1500)
Ending inventory as at 31 December = $1500
Answer:
$63,852
Explanation:
The computation is shown below:
a) PV of payments is
= $23,500 × (1.07^30 - 1) ÷ (0.07 × 1.07^30)
= $2,91,612
b) The Loan PV of payments is $3,00,000
c) And, the Balloon payment required is
= (Borrowed amount - loan PV payments) × (1 + rate of interest)^number of years
= ($300,000 - $291,612) × 1.07^30
= $63,852
Answer:
2. advertising is ineffective because consumers already know what they want.
Explanation:
Consumer sovereignty is the idea that it is consumers who influence production decisions because they decide what to buy by checking to see that their expectations are meet. Production of goods is designed towards meeting the needs of the consumers. The consumers select what they want to buy by the checking if the good fulfills their needs and wants.
The answer is C. intensive distribution.
The goal of Intensive distribution is to make it convenient for consumer to find and purchase products at many locations and in many ways. This kind of distribution distributes their products on a many locations.
Answer:
Someone taking a course in Web design is affecting human capital.