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The following units of a particular item were available for sale during the calendar year:

nalin [4]

Answer:

The cost of goods sold for eachs ale and the inventory balance after each sale, assuming the LIFO (last-in, first-out) method:

Cost of goods sold Ending Inventory

Apr. 19 Sale $100,000 $60,000

Sept. 2 Sale $218,000 $40,000

Explanation:

a) Data and Calculations:

Date Description Units Unit Cost Total Balance

Jan. 1 Inventory 4,000 $40 $160,000

Apr. 19 Sale (2,500) (100,000) $60,000

June 30 Purchase 4,500 $44 198,000 258,000

Sept. 2 Sale (5,000) (218,000) 40,000

Nov. 15 Purchase 2,000 $46 92,000 132,000

Cost of goods sold: Ending Inventory

April 19: = 2,500 * $40 = $100,000 = 1,500 * $40 = $60,000

Sept 2: = 4,500 * $44 + 500 * $40 = 1,000 * $40 = $40,000

= $198,000 + $20,000

= $218,000

4 0

3 years ago

Theresa Nunn is planning a 30-day vacation on Pulau Penang, Malaysia, one year from now. The present charge for a luxury suite p

Sav [38]

Answer:

Kindly check explanation

Explanation:

Given the following :

Present charge = 1045 per day

Trade price of RM = $3.1350/$

Malaysian inflation rate(mr) = 2.75% = 0.0275 per annum

US inflation rate (ur) = 1.25% = 0.0125 per annum

a. How many dollars might Theresa expect to need one year hence to pay for her 30-day vacation?

Trade price * (1 + mr) / (1 + ur)

Cost for 30 days considering inflation :

Present charge * (1 + mr) * 30

= $1045 * 1.0275 * 30

= $32212.125

Cost for 30 days considering inflation / [Trade price * (1 + mr) / (1 + ur)]

$32212.125 / 3.1350 * (1.0275) / (1.0125)

$32212.125 / 3.1814444

= $10125.000

b.) By what percent will the dollar cost have gone up? Why?

Dollar cost would have gone up by 1.25%, this is inferred from the inflation rate of the United States currency, which is the rate which will affe the cost of dollar.

8 0

4 years ago

Elis, Phoebe, and Jason work at United Insurance, a medium-sized insurance company with 240 branches in 8 states. Elis works as

NeTakaya

Answer:

<em>Role conflict</em>

Explanation:

Role conflict arises <em>whenever there are inconsistencies in their daily lives or workplace between different roles or jobs that a person assumes or performs. </em>

In certain instances, the conflict is the outcome of opposing responsibilities, resulting in a conflict of interest, in others, when an individual has roles that have different status, and it also arises when people are unhappy about what the duties should be for a specific role, be it in the personal or business regions.

3 0

3 years ago

Which of the following is NOT considered a step in activity-based costing?

statuscvo [17]

Answer: C. Identify a single overhead rate as the predetermined overhead rate.

Explanation:

Activity based costing works by assigning indirect and overhead costs to the activities that caused the costs to be incurred and then assigning those activities to the products those activities helped produce such that indirect and overhead costing is more accurate.

The steps involved include, tracing and allocating overhead costs to activity coat pools, identifying and classifying the major activities involved in the manufacture of specific products, and assigning overhead costs to products based on cost drivers.

It does not include identifying a single overhead rate as the predetermined overhead rate. This is a step is in Standard Costing.

4 0

3 years ago

When asked about those people who say his Sriracha sauce is too spicy, David Tran jokingly suggests they "use less" of the produ

miskamm [114]

Answering the question, Sriracha's use of a single marketing mix for all potential customers means that the company is using: undifferentiated approach. This implies the correct answer is D.

The undifferentiated approach takes place when a marketer does not take into account the differences that exist within the market but decides to use a mass marketing strategy with the purpose to appeal to the greatest number of people. In other words, the marketer regarded the market to be heterogeneous aggregate.

<h2>Further Explanation</h2>

Undifferentiated marketing is also called mass marketing, this type of marking approach focused on television, radio, and newspapers to reach out to a large audience.

When the company uses this medium to reach out to the larger audience, it maximized the exposure of the company’s product. Theoretically, this is directly tied to huge sales or increases the number of potential buyers.

This approach involves the spreading of marketing messages to a huge number of people and also with the hope of reaching out to several people who might have an interest in the product.

The company involves in general advertising to mass market its product with the purpose that it will get the attention of some people.

Some of the benefits of using undifferentiated approach include

Larger audience
The risk involved is very less
The approach involves less research

Learn more about undifferentiated approach at:

brainly.com/question/9991216

#learnwithbrainly

3 0

4 years ago

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