Answer:
$6,734
Explanation:
On December 31, there were 46 units remaining in ending inventory.
These 46 units consisted of
6 from January x $123 = 738
8 from February x $133 = 1064
10 from May x $143 = 1430
8 from September x $153 = 1224
14 from November x $163 = 2282
Using the specific identification method, the cost of the ending inventory is: 734 + 1064 + 1430 + 1224 + 2282 = $6734
Answer:
$22.81
Explanation:
We can easily calculate share price for BeeGood company just by multiplying the current earnings per share with an average P/E ration of competitors
P/E = Price earning ratio
EPS = Earning per share
Formula: Share price = PE x EPS
Share price = x $1.74
Share price = $22.81
Answer:
Domestic demand: Q = 5,000 – 100P; Supply: Q = 150P
At equilibrium, demand equals supply.
5,000 – 100P = 150P
250P = 5,000
P = 5,000/250
Equilibrium price (P) = $20
Substituting P in demand equation:
Q = 5,000 – (100*20)
Equilibrium quantity (Q) = 3,000 portable radio would be imported