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Delicious77 [7]
3 years ago
9

The following units of an inventory item were available for sale during the year. Beginning inventory 10 units at $55 First purc

hase 25 units at $60 Second purchase 30 units at $65 Third purchase 15 units at $70 The firm uses the periodic inventory system. During the year, 60 units of the item were sold. The ending inventory cost using FIFO is
Business
1 answer:
Sphinxa [80]3 years ago
5 0

Answer:

$1,375

Explanation:

Given the information above, the Ending inventory = Units available - Units sold

Units available = 10 + 25 + 30 + 70 = 80

Units sold = 60

Ending inventory = 80 - 60

Ending inventory = 20

Cost of ending inventory under FIFO

= (15 × $70) + (20 - 15) × $65

= $1,050 + $325

= $1,375

Therefore, the ending inventory cost using FIFO is $1,375

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Write down the characteristics which had the highest poverty rate in 2016?
adoni [48]

Answer:

Follows are the solution to this question:

Explanation:

The poverty rate is the proportion of those whose income falls below the poverty line, as well as, the official poverty level of 2016 was 12.7% when half of the median family income for the overall population. Below are the highest poverty level features in 2016:

  • Desire to share exposure to food and clean water.
  • Entry to living standards or jobs is little to no.
  • Conflict.
  • The unfairness.
  • Wretched schooling.
  • The shift in the atmosphere.
  • Transportation deficit.
  • The government's limited capacity.
3 0
3 years ago
An organization that has a strong ethical environment usually has a core value of placing _______ interests first. a. stockholde
Fofino [41]

An organization that has a strong ethical environment usually has a core value of placing customers interests first.

<h3>What is Environmental ethics ?</h3>

Environmental ethics can be regarded as as the are that focus on the conceptual foundations of environmental values and handling of issues in order to sustain biodiversity and ecological systems.

Therefore, option E is correct.

Learn more about Environmental ethics  at;

brainly.com/question/24519475

3 0
2 years ago
Which of the following statements is true about utility?a. Everyone receives the same level of satisfaction from the same good o
Annette [7]

Answer:

The correct answer to the following question is option D) everyone receives different level of satisfaction from from the same good or services.

Explanation:

Utility can be defined as a measurement of satisfaction levels that a consumer experiences from the consumption of goods and services. From the above given options only D is correct as every one experiences different level of satisfaction from same good or services. Economists measures utility with a unit they refer to as util. All products doesn't produce same level of satisfaction .

6 0
3 years ago
Candy Cane Corporation (CCC) produces 100,000 boxes of candy bars per year which sell for $3 a box. If variable costs are $2 per
Natalija [7]

Answer:

A. shut down as fixed costs are not being covered.

Explanation:

Break-even point is a level at which the company has no profit no loss situation. Sales Excess from Break-even makes profit and short makes loss.

Sale Price = $3 per box

Variable Cost = $2 per box

Contribution margin = $3 - $1 = $1 per box

Fixed Cost = $125,000

Break-even point = $125,000 / $1 = 125,000 boxes

Sales  = 100,000 units

Short from Break-even = 125,000 - 100,000 = 25,000 boxes

Loss = $25,000 x $1 = $25,000

CCC should shut down because even fixed cost is not being covered it is short by $25,000. So this product is making loss.

6 0
3 years ago
All companies try to have happy workers as they know the relationship between satisfaction and performance. This is why they are
NeTakaya

Answer:

1. Reward and incentivize workers

2. Set smaller weekly or biweekly goals for them.

3. Foster trust between the managers and workers.

Explanation:

In order to have workers who are motivated to put in their best in the company, employers should take certain positive actions. These actions include;

1. Reward and incentivize workers: Rewards which could be monetary, as word of praise, or formal recognition can move workers to give their best. Humans are motivated when their efforts are recognized and praised. Therefore, incentivizing workers is a good way to get them motivated.

2. Set smaller weekly or biweekly goals for them: Setting humongous goals and targets can scare off and pressurize the workers. But when these large goals are broken into smaller goals, they can then be motivated to reach those goals.

3. Foster trust between the managers and workers: When workers have a sense of belonging and know that they are trusted, they will be in a more relaxed frame to achieve their goals. Unwarranted allegations and suspicions can put the workers on edge.

3 0
3 years ago
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