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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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Sindrei [870]

<u>The answer is "trade-off".</u>


A trade-off is a situational choice that includes reducing or losing one quality, amount or property of a set or configuration as an end-result of increases in different viewpoints. In straightforward terms, a tradeoff is the place one thing increments and another must reduction. Tradeoffs originate from confinements of numerous sources, including basic material science - for example, just a specific volume of articles can fit into a given space, so a full holder must expel a few things keeping in mind the end goal to acknowledge any more, and vessels can convey a couple of substantial things or various little things. Tradeoffs likewise usually allude to various arrangements of a solitary thing, for example, the tuning of strings on a guitar to empower diverse notes to be played, and additionally assignment of time and consideration towards various errands.  

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3 years ago
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earnstyle [38]

Answer: this is to render a heat solution of about 1070 degree Celsius with water to quench, so as to retain the carbides solution in the defective steel for re use.

Explanation:

With the climate condition in the off shore oil drilling platform, it won't rake long for the fabricated steels to collapse and cause the loses of multiple lives and properties.

As an expert I will suggest we deconstruct the steels and use Austenitic stainless steel, because of its corrosion resistance.

We might as well sensitised the steels before use. Because the sensitisation occurs in the region that has seen temperature close to 600 and 900°C.

My possible solution to overcome this defect stated by the quality control and as a result spend less, is that we undergo a HEAT SOLUTION TREATMENT at a 1070°C followed by a water quench to help retain the carbides solution on a rapid cooling in those defective still, and also make it resistance to the climate condition of the area and also commence the project.

3 0
3 years ago
Describe a decision that you or your company made that involved opportunity costs that should have been considered. Why did your
strojnjashka [21]

Answer:

Yes, once I was working in a clothing retail store as a manager and my company wanted to expand their business by opening another outlet. We had two locations in out mind but the funds were enough to open only one. After a thorough analysis we decided to open it near the central station of the city.

The opportunity cost of the decision is the income lost from the other location that was near the biggest mall of he city. The only reason behind choosing the first alternative is the potential footfall near the location.

5 0
3 years ago
Maria is debating between two different mortgages for $155,000. She found a 20-year fixed rate loan at 7.35% and 15-year fixed r
fiasKO [112]
Here is a present value equation which is a geometric sequence
 i = monthly int rate
v = 1/(1+i)
20 yr loan (240 months)


<span>155,000 = P(v + v^2 + ...v^240)

</span> 15 yr loan (180 months)

<span>155,000 = P(v + v^2+ ...v^180)

</span>Use formula for sum of geometric series:

<span>Sn = v + v^2 + ...vn = <span><span>v(1−vn) / </span><span>1−v


</span></span></span><span> Now you can find the monthly payments for each loan.
Multiply the payment by length of loan to get total payment, subtract loan amount to get total interest paid.

The answer would be </span><span>$40,013.40.</span>
7 0
4 years ago
Hazel Morrison, a mutual fund manager, has a $40 million portfolio with a beta of 1.00. The risk-free rate is 4.25%, and the mar
labwork [276]

Answer:

The average beta of the new stocks would be 1.75 to achieve the target required rate of return

Explanation:

In order to calculate the average beta of the new stocks to achieve the target required rate of return we would have to calculate the following:

average beta of the new stocks = (Required Beta-(portfolio /total fund) *old beta)/(additional portfolio/total fund)

To calculate the Required Beta we would have to use the formula of Required rate of return as follows:

Required rate of return=Risk free return + (market risk premium)*beta

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Required Beta = (0.13-0.0425)/0.06

Required Beta = 1.45

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average beta of the new stocks =1.05/0.6

average beta of the new stocks =1.75

The average beta of the new stocks would be 1.75 to achieve the target required rate of return

7 0
4 years ago
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