Answer:
The ending inventory is
Units Unit Cost Total
6 $6,35 $38,1
Explanation:
AVCO Perpetual chart is attached.
AVCO Perpetual chart shows purchases , sales and balance of each period. Highlighted you will find the balance at the end of every purchase or sale.
When you have a purchase: Use the following formula to get the weighted-average cost by unit:
(P₁*Q₁)+(P₂*Q₂)/(Q₁+Q₂)
P₁ and Q₁ are the balance from operation that you made before.
P₂ and Q₂ is the data of the new operation (new purchase)
When you have a sale: you only discount the Quantity and use the average cost by unit to get the final inventory.
The balance at the end of June is:
Units Unit Cost Total
6 $6,35 $38,1
Answer:
E.
Explanation:
Based on the information provided within the question it can be said that the Citrus Sweet's first step must be to get her firm to secure a slot on the list of qualified bidders. If Citrus Sweet cannot accomplish this then they will not be able to buy the quantity of frozen orange juice that they need for the large school district, since the the company's that are on the list will be the only one's that will be able to make bids to purchase the orange juice.
Answer:
a. positive
b. normative
c. positive
d. normative
Explanation:
Note that a normative statement as used in economics refers to a view of what should be done, or how things or policies should be or not be. While the Positive statement gives a point blank description of what the state of things are.
a. It is a fact of course that in the past decades U.S. companies have outsourced millions of job overseas, thus this is a positive (descriptive) statement.
b. By saying companies that outsource jobs are acting immorally indicates a normative or judgemental view of what is morally right.
c. This statement is a fact, because such actions is in line with economic theory; in effect would stop outsourcing jobs.
d. This is rather a view of what should be done. Which clearly indicates the statement as normative.
Answer:
Prepare journal entries for the transactions noted above.
higher prices and higher outputs
