Explanation:
The computation of the ending inventory using the each method is shown below:
a. FIFO
Since the 57 units is in physical inventory so 40 units should be taken at $357 i.e from latest purchase and the remaining 17 units is at $342
= 40 units × $357 + 17 units × $342
= $20,094
b. LIFO
Since the 57 units is in physical inventory so 20 units should be taken at $360 and the rest 37 units at $342
= 20 units × $360 + 37 units × $342
= $19,854
c. Weighted average cost method
= Weighted average cost per unit × ending inventory units
where,
Weighted average cost per unit is
= $110,400 ÷ 320 units
= $345
And, the ending inventory units is 57 units
So, the ending inventory is
= 57 units $345
= $19,665
Answer:
Several low-risk portfolios With the higher returns:
- Municipal Bonds.
- Credit Card Rewards.
- Annuities.
- Savings Bonds.
- Cash Value Life Insurance.
- Bank Bonuses.
Explanation:
- Municipal Bonds: Municipal bonds are loans made to local authorities by the creditors. Cities, territories, districts, or other municipalities.
- Credit card rewards: Point incentives are given based on each amount you invest-one point per dollar, for example. Usually, points can be exchanged for products in the online shopping store of the incentive scheme.
- Annuities: Annuities are insurance contracts that pledge either instantly or in the future to pay you a steady income. You may purchase a lump sum annuity or a sequence of installments.
- Saving bonds: Savings Bonds are US circulated treasury tools. Treasury Department to help pay for the spending requirements of the U.S. government. They are priced at face value.
- Cash-value life insurance: Cash value protection is long term life insurance since it provides cover for the existence of the policyholder. Cash value insurance historically has lower premiums than term life insurance because of the cash value factor.
- Bank Bonuses: Bank rewards are monetary incentives anytime you opening a new deposit or checking account. You would have to set up paper checks with the bank to hold the profile up for at least a couple of years to apply for this one-time bonus.
Answer:
FV= $6,418.20
Explanation:
Giving the following information:
Initial investment (PV)= $5,000
Interest rate (i)= 0.025/12= 0.002083
Number of periods (n)= 10*12= 120 months
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 5,000*(1.002083^120)
FV= $6,418.20
Answer:
Dribbling is a technique used in field hockey to move the ball forward using small touches with a hockey stick.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Budgeted production TX500
May 20,000
June 32,000
July 39,000
August 46,000
TX500 should have 40% of next months sales in ending Inventory. On May 1, there were 9,000 units of TX500.
Production for June:
Sales= 32,000 units
Ending inventory= (39,000*0.40)= 15,600
Beginning inventory= (32,000*0.4)= 12,800 (-)
Total= 34,800 units
