A _____ is a discount store that carries a vast depth and breadth of product within a single product category.

Sunland Company just began business and made the following four inventory purchases in June: June 1 144 units $1000 June 10 192

Sergio039 [100]

Answer:

The First-in, First-out has the lower cost of goods sold, therefore, it will provide with a higher gross profit.

Explanation:

Giving the following information:

June 1: 144 units for $1000 ($6.94 per unit)

June 10: 192 units for $1500 ($7.81 per unit)

June 15: 192 units for $1610 ($8.38 per unit)

June 28: 144 units for $1270 ($8.82 per unit)

Ending inventory in units= 200 units on hand.

The method that will provide a higher gross profit is the one with the lower cost of goods sold.

Inventory methods:

FIFO (first-in, first-out):

COGS= 144*6.94 + 192*7.81 + 136*8.38= $3,639

LIFO (last-in, lsdt-out)

COGS= 144*8.82 + 192*8.38 + 136*7.81= $3,941

Weighted-average:

Average price= (6.94 + 7.81 + 8.38 + 8.82)/4= $7.99

Now, we can calculate the cost of goods sold:

COGS= 7.99*472= $3,771.28

The First-in, First-out has the lower cost of goods sold, therefore, it will provide with a higher gross profit.

8 0

3 years ago

Consider a project with free cash flows in one year of $90,000 in a weak economy or $117,000 in a strong economy, with each outc

lozanna [386]

Answer:

B) $90,000

Explanation:

The market value of the unlevered equity can be calculated using the following formula:

Expected value = Σpx

Where:

p = the probability of each outcome =50% in this case for both weak and strong economy.

x = the present value of cash flow for each outcome which is $90,000 in case of weak economy and $117,000 in case of strong economy.

Expected value= 0.50(90,000(1+15%)^-1)+0.50(117,000(1+15%)^-1)

=0.50(78,260.87)+0.50(101,739.13)

=$90,000

So the answer is B) $90,000

5 0

3 years ago

Using an end-of-period spreadsheet, the flow of accounting information moves from the a.financial statements to the adjusted tri

ololo11 [35]

Answer:

C. adjusted trial balance to the financial statements.

Explanation:

The end-of-period spreadsheet can be regarded as accounting tools used in summarizing the movement of transactions that has been carried out throughout an accounting period. It is a tools that give representation of the end of the current accounting period.

permanent accounts that been found

the balance sheet, which are not not closed are been consisted by The post-closing trial balance.

It should be noted that Using an end-of-period spreadsheet, the flow of accounting information moves from the

adjusted trial balance to the financial statements.

3 0

3 years ago

Question 5 of 10

d1i1m1o1n [39]

Answer:

It hopes to reduce the amount of money available for lending.

Explanation:

6 0

3 years ago

) Market size and growth rates in different countries can be influenced positively or negatively by A. E) the absence or presenc

tatyana61 [14]

Answer:

B. A) population sizes, income levels and cultural influences, the current state of the infrastructure, and distribution and retail networks available.

Explanation:

In a country where population is high, the demand for goods and services would be high and this would stimulate market growth. On the other hand, in a country where population is low, demand for products would be low and this can hinder market growth.

In a country where income level is high, demand for goods and services would also be high and this would stimulate market growth. The opposite is the case when income is low.

The presence of good infrastructure in a country enhances innovation and production and this can lead to market growth.

The presence of a strong and good retail network to enhance distribution of goods and services can lead to market growth as it assures producers of efficient distribution of goods and services produced.

I hope my answer helps you

3 0

3 years ago