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
Nezavi [6.7K]
3 years ago
14

Concord has the following inventory information. July 1 Beginning Inventory 30 units at $15 $450 7 Purchases 90 units at $23 207

0 22 Purchases 10 units at $20 200 $2720 A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is
Business
1 answer:
serg [7]3 years ago
4 0

Answer:

COGS= $2,060

Explanation:

Giving the following information:

July 1: Beginning Inventory 30 units at $15 $450

July 7: Purchases 90 units at $23 2070

July 22: Purchases 10 units at $20 200

Ending inventory in units0 30 units

<u>First, we need to calculate the number of units sold:</u>

Units sold= total units - ending inventory in units

Units sold= 130 - 30

Units sold= 100

<u>Now, to calculate the cost of goods sold under the FIFO (first-in, first-out), we need to use the cost of the firsts units incorporated into inventory:</u>

COGS= 30*15 + 70*23

COGS= $2,060

You might be interested in
Bruno Fruscalzo decided to start a small production facility in Sydney to sell gelato to the local restaurants. His local milk s
Sholpan [36]

Answer:

A. 4500kgs

B. 15.4orders

(c)

The order size should be the economic order quantity which is computed as:

Q = (2.d.K / h)1/2 = sqrt(2*9000*20 / 0.03) = 3464.1 kg

(d)

If Q = 3000 kg,

Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/3000)*20 + (3000/2)*0.03*12 = $1,260

(e)

If Q = EOQ = 3464.1 kg

Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/3464.1)*20 + (3464.1/2)*0.03*12 = $1,247.1

(f)

If Q = 6,500 kg,

Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/6500)*20 + (6500/2)*0.03*12 = $1,502.3

(g)

If Q = 20,000 kg,

Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/20,000)*20 + (20,000/2)*0.03*12 = $3,708

So, per kg cost = 3708 / (9000*12) = $0.034

Explanation:

4 0
4 years ago
Companies HD and LD are both profitable, and they have the same total assets (TA), total invested capital, sales (S), return on
jarptica [38.1K]

Answer:

Companies HD and LD

Since Company HD has the higher total debt to total capital ratio, the statement that is CORRECT is:

B) Company HD has a higher return on equity than company LD.

Explanation:

Return on Equity (ROE) is a financial measure of how well a company's management deploys shareholders' capital.  A higher ROE can be a result of high financial leverage, meaning that more debt than equity is being used to generate the returns.  Note that too much leverage poses solvency risks.

7 0
4 years ago
DEP Inc. is interested in forecasting the trends in the real exchange rate of Vietnamese currency, dong, because its supply chai
Advocard [28]

Answer:

b. appreciating vis-à-vis all other currencies.

Explanation:

Since the demand for non tradables will be slow then the supply; its price in Vietnam will decline a decline in domestic prices relative to international prices will raise exports and hence improve the external balance of Vietnamese economy appreciating its exchange rate.

8 0
4 years ago
1. National Computers, Inc., was incorporated in Nebraska, has its main office in Kansas, and does business in Missouri. Nationa
Gwar [14]

<u>National Computers, Inc., was incorporated in Nebraska, has its main office in Kansas, and does business in Missouri. National is subject to the jurisdiction of </u>( a)Nebraska, Kansas, and Missouri

Explanation:

<u>There are certain Jurisdiction Based on Real Property Ownership  which are limited and are termed as "in rem" jurisdiction</u>

A state( Kansas ,Missouri) has limited jurisdiction (which lawyers term as  "in rem" jurisdiction) over a non-resident person or business that owns real property in the state. The Jurisdiction  is limited in two ways:

  • Jurisdiction is applicable only to the fair market value of the real property. This means that if you sue a non-citizen who owns an business  worth $800,000, then in this case  ,your judgment can be worth is $800,000.
  • Also if , the claim  is  related to the property. For example, if you met an accident on the property of a non-resident owner of an business house, you could get jurisdiction over the owner. But you could probably not get jurisdiction over the non-resident owner if the lawsuit grows out of an entirely separate problem that has nothing to do with the apartment house.
4 0
4 years ago
Which of the following is true regarding the high-tech industry today?
emmasim [6.3K]

Answer:

businesses are often located near major universities or research institutions

Explanation:

High technology, or high tech (sometimes also called frontier technology or frontier tech), is technology that is at the cutting edge: the most advanced technology available.

7 0
4 years ago
Other questions:
  • Why is it best to collect quantitative data where possible in biological studies?
    8·1 answer
  • What is valuable goods
    7·1 answer
  • Read the scenario. The citizens of Country D have noticed that the average prices of most goods within their nation have begun t
    7·2 answers
  • Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, and investment firm. Their agreemen
    15·1 answer
  • Which of the following is an example of technological progress?
    15·2 answers
  • At the time of its uprising, the Industrial Revolution changed the nature of __________ in society.
    7·1 answer
  • How have technological advancements in knitting affected fabric production?
    9·1 answer
  • The following information is available for Blue Spruce Corp. for 2021:
    15·1 answer
  • When a government subsidy is granted to the sellers of a product, buyers can end up capturing some of the benefit because
    14·1 answer
  • The seller of product a has no idle capacity and can sell all it can produce at $60 per unit. outlay (variable) cost is $12. wha
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!