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Dmitrij [34]
3 years ago
12

Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale c

onsisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.
Business
1 answer:
Lyrx [107]3 years ago
8 0

Explanation:

The solution can be made in tabular form as given below for better comprehension. This easily calculates gross profit  for each of the four costing methods.

Particulars                         FIFO    LIFO           Avg cost Spec. ID

Sales                                50900   50900             50900 50900

Cost of goods sold         31800    32920              32248 32540

Gross Profit                          19100     17980               18652 18360

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On January 1, Alan King decided to transfer an amount from his checking account into an investment account that later will provi
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Answer:

The requirement of the question is as below:

How much must Alan deposit on January 1? (Round your final answer to the nearest whole dollar amount.)  

What is the interest for the four years? (Round your final answer to the nearest whole dollar amount.)

Alan deposit on January 1 is $ 58,802.39  

Interest for four years is $21,197.61

Explanation:

The first is asking for today's worth of the investment,which is the amount to be invested,this can be computed using the present value as shown below:

PV=FV*(1+r)^-n

PV is the present value

FV is the worth of the investment in 4 years from now which is $80,000

r is the rate of return of 8%

n is the number of years of investment which is 4 years

PV=$80,000*(1+8%)^-4

PV=$80,0008(1+0.08)^-4

PV=$80,000*(1.08)^-4

PV =$ 58,802.39  

interest for four years=FV-PV

interest for four years=$80,000-$ 58,802.39  

                                    =$21,197.61

4 0
3 years ago
Which of the following expands upon the behavioral intentions model by including a perceived control component that assesses the
Monica [59]

Answer:

The correct answer is a. Theory of planned action.

Explanation:

The theory of planned behavior was developed in 1985, based on the Theory of Reasoned Action. This theory contains five variables that include behavior, intention, attitude, subjective norm and control of perceived behavior.

Unlike the theory of reasoned action, the control of perceived behavior is added to the theory of planned behavior, which refers to a person's perceptions of the presence or absence of resources and opportunities required, however, this element it is not presented in the theory of reasoned action, and the theory of planned behavior has proven to be superior to the theory of reasoned action for predicting behavior.

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How does Truth In Lending protect consumers when shopping for a loan?
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There is absolutely no good reason to not conduct market research.<br> True<br> False
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Answer:

false? i think

Explanation:

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Listed below are five technical accounting terms. Each of the following statements describes one of these technical terms. For e
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Answer:

a. Incremental analysis.

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c. Relevant information.

d. Opportunity cost.

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g. Split-off point.

Explanation:

a. Incremental analysis: examination of differences between costs to be incurred and revenue to be earned under different courses of action.

b. Sunk cost: a cost incurred in the past that cannot be changed as a result of future actions. Sunk cost can be defined as a cost or an amount of money that has been spent on something in the past and as such cannot be recovered.

c. Relevant information: costs and revenue that are expected to vary, depending on the course of action decided on. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.

d. Opportunity cost: the benefit foregone by not pursuing an alternative course of action. Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

e. Joint products: products made from common raw materials and shared production processes.

f. Out-of-pocket cost: a cost yet to be incurred that will require future payment and may vary among alternative courses of action.

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3 years ago
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