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
eduard
3 years ago
12

A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6

units February: 20 units at $125 5 units May: 15 units at $130 9 units September: 12 units at $135 8 units November: 10 units at $140 13 units On December 31, there were 26 units remaining in ending inventory. Using the Perpetual FIFO inventory valuation method, what is the cost of the ending inventory
Business
1 answer:
Vesna [10]3 years ago
6 0

Answer:

$3540.

Explanation:

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

Ending inventory comprises of goods bought in May, September and November

cost of the ending inventory :

(4 x $130) + (12 x $135) + (10 x$140) = $3540

You might be interested in
Helène, an industrial sales representative, bought a cellular phone to use if she ever had car trouble while traveling between a
snow_tiger [21]

Answer:

Safety Needs

Explanation:

If Helène, an industrial sales representative, bought a cellular phone to use if she ever had car trouble while traveling between appointments. The level of Maslow’s need hierarchy that Helène is addressing is Safety Needs

It would have been 'Esteem needs' if Helene was just buying a phone to be in the same class with her friends or she is changing her phone to reflect her class.

However Helene is buying this phone because she wants to keep appointments which falls in the category of employments and hence is a 'Safety need'.

Safety needs in Maslow's hierarchy has to do with the need for security and protection. If Helene's car breaks down, it could also be a threat to her security if she is unable to call for help

8 0
3 years ago
The stock of Big Joe's has a beta of 1.64 and an expected return of 13.30 percent. The risk-free rate of return is 5.8 percent.
larisa86 [58]

Answer:

expected return on market = 0.10373 or 10.373%

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

r = rRF + Beta * rpM

Where,

  • rRF is the risk free rate
  • rpM is the market risk premium

We will first calculate the market risk premium using the required rate of return for stock, beta and risk free rate and plugging these values in the formula above.

0.1330 = 0.058 + 1.64 * rpM

0.1330 - 0.058 = 1.64 *rpM

0.075 = 1.64 * rpM

rpM = 0.075 / 1.64

rpM = 0.04573 or 4.573%

As we know that the beta for market is always equal to 1, we can calculate the rate of return for market as,

expected return on market = 0.058 + 1 * 0.04573

expected return on market = 0.10373 or 10.373%

7 0
3 years ago
You have decided to save $500 a year for the next five years and then increase that amount to $700 a year for the following five
DaniilM [7]

Answer:

A. The time line will have a $500 cash flow for Years 1-5 and a $700 cash flow for Years 6 - 10.

Explanation:

A timeline orders events chronologically. Here, the timeline would list cash flows in the order in which they occur.

Please check the attached image for an image of the timeline.

I hope my answer helps you

3 0
3 years ago
answer the two questions relating to demand and the law of demand. a. which can cause a shift in the demand curve? a change in t
fredd [130]

One thing that can cause a shift in the demand curve is a change in one of the determinants of demand.

The law of demand can be shown as Pat wants to buy more candy bars at $1 than at $2

<h3>What does the law of demand say?</h3><h3 />

The law of demand posits that people will demand more of a good when the price is lower as opposed to when it is higher. This is why Pat will want to buy more candy bars when the price is lower at $1 as opposed to $2.

The demand curve will shift when there is a change in one of the determinant of demand such as the income of people and the price of substitutes.

Find out more on the law of demand at brainly.com/question/24500422

#SPJ1

7 0
2 years ago
Jerica wants to watch videos about careers in the construction field. which resource would be most helpful for this? careeronest
Nuetrik [128]

The resource would be most helpful for this careeronestop hence option A is the correct answer.

<h3>What is Careeronestop?</h3>

Careeronestop is an online tool that seeks to help job seekers and the unemployed get the right information they need about their next job or the job they are about to apply to.

Careeronestop provides resources ranging from videos, training, and workshops.

Learn more about Careeronestop here:

brainly.com/question/24731439

#SPJ4

3 0
2 years ago
Other questions:
  • Donovan manages a warehouse with over 1,000 associates performing a variety of tasks. After walking through the building talking
    11·1 answer
  • Since PepsiCo is a U.S. company doing business in Russia, it is likely that the company's discrimination policies for Russian fa
    14·1 answer
  • Discount-Mart issued ten thousand $1,000 bonds on January 1, 2018. The bonds have a 10-year term and pay interest semiannually.
    10·1 answer
  • Given the cost formula, y = $7,000 + $1.80x, total cost for an activity level of 4,000 units would be:
    14·1 answer
  • Journalize the following five transactions for Nexium &amp; Associates, Inc. Omit explanations.March 1 - Bills are sent to clien
    11·1 answer
  • During 2017, Bolton Corporation acquired a mineral mine for $1,500,000 of which $200,000 was determined to be the salvage value
    14·2 answers
  • The analytical tool designed to
    11·1 answer
  • Penetration pricing doesn't work if ________.
    8·1 answer
  • Mrs. Jones owns stock from which she received $3,000 in cash dividends. Mr. Jones owns stock from which he received $400 in cash
    7·1 answer
  • When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk. True or false?.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!