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Delicious77 [7]
3 years ago
15

P1 returns goods previously purchased on credit from P2.

Business
1 answer:
natali 33 [55]3 years ago
8 0
The correct answer is d
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Opera Corp uses the periodic inventory system. For the current month, the beginning inventory consisted of 7,200 units that cost
Kryger [21]

Answer:

$159,057

Explanation:

The computation of cost of goods sold is shown below:-

Total cost of goods available for sale = (7,200 × $10) + (4,000 × $13) + (12,000 × $13.50)

= $72,000 + $52,000 + $162,000

= $286,000

Total units = 7,200 + 4,000 + 12,000

= 23,200

Average cost per unit = Total cost of goods available for sale ÷ Total units

= $286,000 ÷ 23,200

= $12.33

So,

Cost of Goods sold = Sold units during the month × Average cost per unit

= 12,900 × $12.33

= $159,057

Therefore for computing the cost of goods sold for the month we simply applied the above formula.

3 0
2 years ago
A portfolio is entirely invested into BBB stock, which is expected to return 16.4 percent, and ZI bonds, which are expected to r
Mashutka [201]

Answer:

the expected return on the portfolio is 12.34%

Explanation:

The computation of the expected return on the portfolio is shown below:

Expected Return is

= Investment in BBB ×  Return+ Investment in ZI × Return  

= 16.4 × 48% + 8.6 ×52%      

= 7.87% + 4.47%    

= 12.34%

hence, the expected return on the portfolio is 12.34%

7 0
2 years ago
When parents or eligible students request inspection and review of education records, federal law stipulates that the requested
zloy xaker [14]

The period of time that is requested for inspection and review of education records, according to federal law is 45 days.

<h3>What is an education records review?</h3>

This is a review of the academic standing of a student. The reason why the review is needed is probably because the student wants to apply for a new school.

According to federal law, when the request is received, the records must be provided within 45 days.

Read more on education records here: brainly.com/question/24911873

8 0
2 years ago
The following are the transactions of Spotlighter, Inc., for the month of January:
coldgirl [10]

Answer:

Spotlighter, Inc.

Cash

Account Titles     Debit    Credit

Beginning balance $0

Notes Payable   $4,740

Common stock $5,430

Equipment                      $1,000

Supplies                          $1,100

Ending balance             $8,070

Notes Payable

Account Titles     Debit    Credit

Beginning balance $0

Cash                               $4,740

Equipment                        1,600

Ending balance  $6,340

Common stock

Account Titles     Debit    Credit

Beginning balance               $0

Cash                              $5,430

Equipment

Account Titles     Debit    Credit

Beginning balance $0

Cash                 $1,000

Notes Payable $1,600

Ending balance            $2,600

Supplies

Account Titles         Debit    Credit

Beginning balance $0

Cash                       $1,100

Accounts Payable $1,500

Ending balance                   $2,600

Accounts Payable

Account Titles     Debit    Credit

Beginning balance              $0

Supplies                        $1,500

Ending Balance $1,500

Explanation:

1) Data and Transaction Analysis:

a. Cash $4,740 Notes Payable $4,740

b. Cash $5,430 Common stock $5,430

c. Equipment $2,600 Cash $1,000 Notes Payable $1,600

d. Supplies $1,100 Cash $1,100

e. Supplies $1,500 Accounts Payable $1,500

6 0
3 years ago
Your manager has asked you to recommend which of two new types of digital camera to buy for your company's publications departme
Marysya12 [62]
D. Scholarly article.
The scholarly article is most likely to be a reputable source, since the author is educated in the manner of what you are needed. The scholar is most likely to know what you are needing to know.
5 0
3 years ago
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