Answer:
Cost of goods sold is d. $1,600
Explanation:
The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.
1. January 1, Inventory 300 units, $5 per unit. Total $1,500
2. Purchasing:
In February, 500 units, $4 per unit. Total $2,000
In March, 200 units, $6 per unit. Total $1,200
The Xu Corporation uses a periodic inventory system and sells 300 units during the quarter.
Cost of goods sold = 200 x $6 + 100 x $4 = $1,200 + $400 = $1,600
Answer:
The correct answer is B
Explanation:
Delivery gap is the gap which is the difference among the service delivery policy and the standard and the actual delivery of the product or the service.
Marcel works in the department of linen, so when the customer reaches the store for collecting the tablecloth ordered by her but got disappointed by knowing that the delivery has been delayed. Therefore, Marcel is trying to cover the delivery gap by offering that the product will be delivered to the residence of the customer.
Answer:
$304,500
Explanation:
Interest payable on December 31, year 1 = $290,000 * 5%
Interest payable on December 31, year 1 = $14,500
Total amount of liabilities to be reported on the Balance Sheet, year 1:
= $290,000 + $14,500
= $304,500
So, the total amount of liabilities related to these bonds that will be reported on the balance sheet at December 31, Year 1 is $304,500.
The company's variable expenses per unit is 1.25
<h3>What is breakeven?</h3>
Breakeven is a point at which neither profit nor loss is made. It is used to determine the number of units or dollars of revenue needed to cover total costs.
Number of units to sell = 100,000
Price per unit = 2
Fixed expense = 75000
At break even point :
Revenue = total expenses
Total expenses
= fixed cost + variable cost
Let variable cost = x
Revenue
= units to sell * price per unit
Revenue
= 100,000 * 2
= 200,000
Hence,
Fixed cost + variable cost = Revenue
75000 + x = 200,000
x = 200, 000 - 75000
x = 125,000
Variable cost = 125,000
The variable expense per unit is thus :
Variable expense / number of units
= 125,000 / 100,000
= 1.25 per unit
Hence, the company's variable expenses per unit is 1.25
Learn more about break even here: brainly.com/question/9212451
Answer: Is an expensive form of short-term credit if a buyer forgoes the discount.
Explanation:
2/10 net 30 credit policy is a form of trade credit that is being offered by a seller to a customer when there is a transaction for a particular good or service.
2/10 net 30 simply means that the customer will get a discount of 2% when he or she pays within 10 days, but the customer will pay the whole. amount when it's due in 30 days.
This policy is an expensive form of short-term credit if a buyer forgoes the discount.