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3 years ago

GAWAIN 3

Business

1 answer:

Ivahew [28]3 years ago

8 0

Explanation:

<h2><em><u>Heto na ang magkapatid, nag-uunahang pumanhik.</u></em></h2><h2 /><h2><em><u>Heto na ang magkapatid, nag-uunahang pumanhik.Sagot: Mga paa</u></em></h2>

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The following units of an inventory item were available for sale during the year:Beginning inventory 10 units at $55First purcha

Leto [7]

Answer:

$1150.

Explanation:

Given: Beginning inventory 10 units at $55

First purchase 25 units at $60

Second purchase 30 units at $65

Third purchase 15 units at $70.

First, lets calculate total units of inventory available.

Total inventory available for sales during the year= $(10+25+30+15)= 80\ units$

∴ Total inventory available for sales during the year= 80 units

As given 60 units were sold out of total 80 units.

$80-60= 20\ units$

∴ 20 units of inventory is still remaining.

To determine the cost of unit sold, under LIFO accounting, you start with assumption that you have sold the most recent inventory and work backward.

As 20 units is still available after selling 60 units.

∴ The value of ending inventory= $(10\ units \times \$60 + 10\ units \times \$55)$

The value of ending inventory= $\$600+\$550= \$ 1150$

∴ The value of ending inventory using LIFO is $1150.

6 0

3 years ago

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $37,5

valkas [14]

Answer:

e. $12,900

Explanation:

Given that:

Net Cash provided by operating activities = $37,500

Net Cash used in investing activities = $13,800

Net Cash used in financing activities = $17,700

Beginning cash balance = $6,900

Stormer company's ending balance would be;

= Beginning cash balance + Net cash provided by operating activities - Net cash used in financing activities - Net cash used in investing activities

= $6,900 + $37,500 - $17,700 - $13,800

= $12,900

7 0

3 years ago

Institutions specialize in raising money for governments and corporations by issuing securities.

DaniilM [7]

Investment institutions is a specialize in raising money (investment capital) for governments and corporations by issuing securities such as stocks or bonds. People buying a company's securities are buying into a portion of a company and its earnings or income. Investment institutions offers shares or units.

6 0

3 years ago

Read 2 more answers

The annual accounts payable is 4,800; the annual revenue is 75,000, and the gross profit margin is 40%. The payable days estimat

kifflom [539]

Answer:

Estimated Payable Days = 39

Explanation:

Given:

Annual account Payable = 4,800

Annual revenue = 75,000

Gross profit margin = 40%

Find:

Payable days

Computation:

Annual expense = Annual revenue(1-Gross profit margin)

Annual expense = 75,000(1-0.4)

Annual expense = 45,000

Estimated Payable Days = [4,800 × 365] / 45,000

Estimated Payable Days = 39

7 0

3 years ago

For the situation in exercise 8, fashion an equitable remedy that might encourage cracked mirror to decide to keep its commitmen

natta225 [31]

Incomplete question. Here's the full text;

Cracked Mirror, a locally well-known rock group, contracts to play for your high school prom. A week before the dance, the group cancels its appearance. A teacher finds out that the band took the opportunity to perform in a concert that will pay them $800 more. The class president’s mother is an attorney and offers her services to the school.....In the question above, could you fashion an equitable remedy that might prompt Cracked Mirror to decide to keep its commitment to play at your prom? (Certain remedies that may come to mind could violate portions of the U.S. Constitution and therefore could not be pursued.)

<u>Explanation:</u>

A good remedy that comes to mind is the equitable remedy of Specific performance. The remedy of Specific performance is usually issued by a court order requiring a party to perform a specific action, as obliged in a contract.

Thus, by suing Cracked Mirror rock group to pay monetary damages for its failure to perform could prompt them to keep its commitment to play at your prom, especially when the damages involves a significant amount.

3 0

3 years ago