1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lady_Fox [76]
3 years ago
6

The Cluck-Cluck Corp. starts the year with a beginning inventory of 480 units at $23 per unit. The company purchases 590 units a

t $40 each in February and 560 units at $24 each in October. Cluck-Cluck sells 240 units during the year. Cluck-Cluck has a periodic inventory system and uses the FIFO inventory costing method. What is the amount of cost of goods sold
Business
1 answer:
kirill [66]3 years ago
3 0

Answer:

the amount of the cost of goods sold is $5,520

Explanation:

The computation of the cost of goods sold is shown below;

= Unit sold × beginning inventory cost per unit

= 240 units × $23

= $5,520

By multiplying the unit sold with the beginning inventory cost per unit we can get the cost of goods sold

Hence, the amount of the cost of goods sold is $5,520

The same would be considered

You might be interested in
Which of the following is an example of a duopoly​ market?
Basile [38]

Answer:

D. Visa and MasterCard exercise control over the electronic payment processing market in the world

Explanation:

3 0
4 years ago
Read 2 more answers
Why doesn’t the fact that the ‘’Inflation solution" is only a temporary solution to stop many developing countries from using it
Lynna [10]

Explanation:

Remember, inflation is scenario in an economy in which there occurs a constant rise in the prices of commodities/services in the market, which may lead to a reduction of the money in circulation.

Although, developing countries could use alternative approaches such as taxation or cutting down government expenditure, they do not use this but prefer "inflation solution" because it appears to be the easy way out.

Since, taxes are always lesser than required to run the economies of developing countries they (the government) may not use this approach.

5 0
4 years ago
Suppose the Federal Reserve releases a policy statement today which leads people to believe that the Fed will be enacting expans
bekas [8.4K]

Answer:

<h2>An expansionary monetary policy by the Federal Reserve would lead to an <u>increase </u> in the demand for US assets and a <u>depreciation</u> in the value of US dollars.Hence the correct answer is option D) or increase;depreciate.</h2>

Explanation:

An expansionary monetary policy commonly entails expansion of money supply thereby reducing the eventual interest rate in order to boost or stabilize the Aggregate Demand(AD) and overall output level or GDP in the economy.Now,as the domestic interest would fall in US due to the expansionary speculations and inflationary indications(increase in money supply),it would consequently lower the value of the US dollars relative to other foreign currencies.This implies that US dollar would depreciate compared to other foreign currencies.This possibility would encourage the importers and international investor or financiers to become more attracted towards the US goods,services and financial assets thereby increasing their demands.Therefore,a depreciation of US dollars would essentially lead to an increase in the demand for US assets in the international market as depreciation of US dollars would also lower the value of US assets in the international market.

3 0
3 years ago
If a monopolist or a perfectly competitive firm is producing at a break-even point, then:
Klio2033 [76]
If a monopolist or a perfectly competitive firm is producing at break-even point then they're basically equaling their average revenue to the average total cost - ii.

This basically means that they are operating at a level where the amount which they produce relates to the amount they spend. 
4 0
4 years ago
The primary purpose of the ryan white care act is to provide emergency financial assistance to _____.
Iteru [2.4K]
<span>The primary purpose of the ryan white care act is to provide emergency financial assistance to people who cannot afford HIV treatment.</span>
5 0
4 years ago
Other questions:
  • The management team at mercury, a department store, has received feedback from the customer service department that the store s
    11·2 answers
  • Most credit card incentive programs give. a)cash. b)cash back. c)discounts. d)set dollar savings
    12·1 answer
  • : what does the term "bonding" mean when it refers to employees?
    14·1 answer
  • Mack's guitar fabrication shop produces lowcost, highly durable guitars for beginners.Typically, out of the 100 guitars that beg
    12·1 answer
  • The difference between social cost and private cost is a measure of the
    8·2 answers
  • What is mean by rent receivable owing??
    11·1 answer
  • Which one of the following will likely be revealed in the inspection report?
    15·1 answer
  • What is the answer to this question?
    14·1 answer
  • Which of the following islare true using the specific, economic, definition
    12·1 answer
  • An example of fast tracking a project schedule would be to overlap the design and production phases for a design-to-production p
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!