Answer:
d. Reported as a current asset on the balance sheet
Explanation:
Merchant inventory refers to st finished goods available for sale at any given time. Merchant inventory is commonly referred to as inventory. It is recorded as a current asset in the balance sheet.
Merchant inventory is acquired through purchasing by retailers, wholesalers, and distributors to be sold to customers. Merchant inventory will specifically refer to the unsold goods at the end of a period. It is recorded at its acquisition cost. i.e., the cost which the trader paid to obtain the merchandise.
Answer:
Interest= $26,131.91
Explanation:
Giving the following information:
Annual deposit= $2,000
Number of periods= 20 years
Interest rate= 5%
<u>First, we need to calculate the future value using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,000*[(1.05^20) - 1]} / 0.05
FV= $66,131.91
<u>Now, we can determine the interest earned:</u>
Interest= future value - total investment
Interest= 66,131.91 - 20*2,000
Interest= $26,131.91
Answer:
The Total manufacturing costs will increase while the unit manufacturing costs will decrease
Explanation:
The most likely behavior of the total manufacturing costs as well as the unit manufacturing costs is that the Total manufacturing costs will increase while the unit manufacturing costs will decrease because Atlas Manufacturing has the capacity to produce 50,000 valves annually which is per year in which it produces 40,000 valves and is about to increase the production to 45,000 valves the next coming year which will cause the manufacturing costs to increase and inturn cause the unit manufacturing costs to decrease.
Answer:
The per-unit value of ending inventory on August 31= $15.42
Explanation:
<em>The weighted average method of inventory determines the average cost per unit of inventory each time a new batch is received The explanation is completed using the table below with notes underneath</em>
The
Date Narration Qty Unit cost($) Total cost
Aug 2 Purchase 10 12 120
Aug 18 Purchase 15 15 <u>225
</u>
25 13.8 * 345
Aug 29 <u> ( 20)</u> 13.8 <u>(276
)</u>
5 69
Aug 31 <u>14</u> 16 <u> 224
</u>
Aug 31 19 15.42 ** 293
Notes
*The average cost of 13.8 is the division of 345 by 25.
**The average cost of $15.42 is the division of 293 by 19
The per-unit value of ending inventory on August 31= $15.42
