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Phoenix [80]
3 years ago
8

An analyst gathered the following information about a company for a fiscal year: QuarterPurchases in UnitsCost per UnitPurchases

in DollarsUnit Sales Per Quarter Q1100$12.00$1,200200 Q2200$14.00$2,800200 Q3300$16.00$4,800300 Q4400$18.00$7,200300 FY total1,000 $16,0001000 Beginning Inventory200$10.00$2,000 Ending Inventory under LIFO perpetual is closest to:
Business
1 answer:
s2008m [1.1K]3 years ago
8 0

Answer:

Ending Inventory under LIFO perpetual is closest to:

$2,800.

Explanation:

a) Data and Calculations:

Quarter    Purchases    Cost per Unit    Purchases in   Sales Per Quarter

                  in Units                                  Dollars Unit

Beginning    200                $10.00            $2,000

Q1                 100                $12.00             $1,200                  200

Q2               200                $14.00             $2,800                 200

Q3               300                $16.00             $4,800                 300

Q4              400                 $18.00             $7,200                 300

FY total    1,200                                       $16,000                1000

LIFO Ending Inventory:

Beginning    100                $10.00            $1,000

Q4                100                $18.00            $1,800

Total            200                                      $2,800

b) LIFO (Last-in, First-out) is based on the assumption that inventory items sold are from the latest units in store and not from the earlier units.  This means that items bought last are sold first.  Therefore, to determine the value of ending inventory,

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The statement "The emergent strategies are those strategies adopted in light of a thorough analysis of both external and internal environment only" is: True

Emergent strategies are those measures which are taken to ensure that a company grows and is successful even when there is no particular set aims or goals.

However, the statement that an emergent strategy can only exist in only an internal and external environment is true.

This is because these internal and external factors are why the strategies are in place to make sure that there is a realized goal in the company and that continuity is ensured.

Please note that an internal environment is one that has a direct impact on the company,while external environment does not directly impact the company

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7 0
2 years ago
You need a 30-year, fixed-rate mortgage to buy a new home for $250,000. Your mortgage bank will lend you the money at an APR of
cricket20 [7]

Answer: $463,067.50

Explanation:

Calculation of single bill payment i.e. Future value

Future\ value=Present\ value\times(1+r)^{n}-Payment\times\frac{(1+r)^{n}-1 }{r}

Future\ value=250,000\times(1+\frac{5.45}{1200} )^{360}-900\times\frac{(1+\frac{5.45}{1200} )^{360}-1 }{\frac{5.45}{1,200} }

                            = $250,000 × 5.110505847 - $900 × 905.06551

                            = $1,277,626.46 - $814,558.96

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Therefore, the single balloon payment will be $463,067.50

8 0
3 years ago
1. What is capital ?
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6 0
4 years ago
Match each stage in the policy process with its description.a. agenda settingmany different groups will come up with plans to fi
morpeh [17]
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4 0
4 years ago
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otez555 [7]

Answer:

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Answer 2 - issuance of preferred stock will go under financing exercises and since they are giving offers so income will increment by $115 × 10000 = $1150000  

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For bond premium amortization, its recorded in the working exercises area of the announcement of incomes. Under the roundabout strategy, the amortization of security premium is deducted from net gain since it decreases premium cost and, along these lines, expands net gain without a real money inflow.  

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6 0
3 years ago
Read 2 more answers
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