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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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What do you mean as 'Not like McDonald's'? Do you mean fast food or what? 
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Outline the process the raw ingredients for a single flavor of ice cream might undergo to get to a local grocery’s freezer case.
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Answer: fermenting , shredding , pasteurizing

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The inventory of Royal Decking consisted of five products. Information about the December 31, 2018, inventory is as follows: Per
vichka [17]

Answer:

Explanation:

    Selling Price  Commission   Shipping       NRV                   Cost

A         220       220*10% = 22     200*5% = 10  (220-22-10) 188   200

B         260        260*10%=26       240*5%=12  (260-26-12) 222    240

C         240        240*10%=24        120*5%=6      (240-24-6) 210    120

D         300        300*10%=30        160*5%=8    (300-30-8) 262     160

E         140          140*10%= 14         100*5%=5    (140-14-5) 121        100

Therefore ,the unit inventory valuation at lower of cost or net realizable value =

Products         Valuation

A                           188

B                           222

C                           120

D                           160

E                            100

3 0
2 years ago
Juan is preparing a speech to a prospective client who has been using the services of a different advertising firm for the past
natta225 [31]

Answer:

The correct answer is A. to persuade.

Explanation:

Persuasive presentations seek to turn information into action. They intend to write the future. There are no merely informative presentations because you always expect the audience to do something after your talk. And if neither you nor your audience expect to do anything, why bother?

Before starting a presentation, before opening PowerPoint, before drawing the first idea, consider:

What action do I want to inspire in the audience?

Imagine that the lamp genie appears and grants you a wish:

"Ask me anything you would like the audience to do after your presentation and this will happen."

3 0
2 years ago
Read 2 more answers
**URGENT!!! NEED HELP??!!!
Burka [1]

3)   strong; such as in the rule of an absolute monarch

4)  North West Ordinance's plan to admit new states

________________________________________________

Question 1 (1 point)

According to the Preamble of the Constitution, the founding fathers wanted to, “form a more perfect union.” What is meant by this statement?

The founding fathers wanted to create a better government.

Question 2 (1 point)

This theory on the origin of government suggests that government naturally grew and was created out of the family structure.

evolutionary theory

Question 3 (1 point)

The United States has a court system that allows for civil lawsuits to be filed to take care of matters such as property disputes, divorces, or other civil matters.  This statement best describes the U.S. government fulfilling which role of government?

conflict resolution

Question 4 (1 point)

In 1215, the angry English nobles forced King John to sign the ____, which introduced the idea of limited government. The founding fathers would later use this idea in the founding of the United States.

Magna Carta

Question 5 (1 point)

Why is philosopher John Locke important to the foundation of the United States of America?

His ideas regarding a "social contract" between society and government influenced the Founding Fathers.

Question 6 (1 point)

A government in which the people rule is called a(n) ____.

democracy

Question 7 (1 point)

Hobbes compared the government to a Leviathan in order to make the point that governments should be ____.

strong; such as in the rule of an absolute monarch

Question 8 (1 point)

How did Thomas Jefferson make the U.S. Declaration of Independence more persuasive to its readers?

by including a list of complaints against the actions of Great Britain

Question 9 (1 point)

This document was negotiated between the United States and Great Britain in 1783. It ended the revolutionary war and recognized American independence.

Treaty of Paris

Question 10 (1 point)

After the colonists gained independence from Great Britain, they knew they needed to establish a new government. This first plan of government for the United States was known as ____.

Articles of Confederation

Question 11 (1 point)

The idea that government is not all powerful is the concept of ____.

limited government

Question 12 (1 point)

Burdened down with taxes to pay for the war, colonists in Massachusetts attacked the courthouses and later a federal arsenal. These attacks were known as ____, and are important as they showed the need for a stronger federal government.

Shays' Rebellion

Question 13 (1 point)

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Charles Montesquieu

Question 14 (1 point)

Many ideas that came from the Enlightenment in Europe were borrowed when creating state constitutions  and our national government. One of these principles is popular sovereignty. Which statement best describes popular sovereignty?

Popular sovereignty is the idea that the will of the people should govern society.

Question 15 (1 point)

Which of the following is NOT a weakness of the Articles of Confederation?

North West Ordinance's plan to admit new states

Question 16 (5 points)

1. oligarchy - government in which a small group of leaders control the country

2. unitary - power is centralized in one strong central government

3. autocracy - government in which one person rules

4. anarchy - state without government control

5. parliamentary - government in which the people elect a legislature who then chooses the executive leader

<em>*100% CORRECT TEST ANSWERS</em>

4 0
3 years ago
Read 2 more answers
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