1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
HACTEHA [7]
3 years ago
5

Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 200 units at $30 7 Sale 160 units 15 P

urchase 180 units at $33 24 Sale 150 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31. a. Cost of goods sold on October 24 $fill in the blank 1 b. Inventory on October 31 $fill in the blank 2
Business
1 answer:
vagabundo [1.1K]3 years ago
4 0

Answer:

a. $4,830

b. $2,310

Explanation:

The computation is shown below:

a. The cost of goods sold as on Oct 24 is

Units sold from Oct 1 Inventory is 40 (200 units - 160 units)

And, From Oct. 15 Purchase is 110 (150 units - 40 units)

Now  

Cost of goods sold on October 24 is $4,830 (40 × 30) + (110 × 33)

b. The inventory as on Oct 31 is

= (180 - 110) × $33

= $2,310

You might be interested in
Because of its effect on the amount of capital per worker, in the short term an increase in the working population is likely to
Tamiku [17]

Answer:

The correct answer is letter "B": reduce productivity. Other things the same, this decrease will be larger in a poor country.

Explanation:

Labor productivity measures the units a worker can produce per hour. <em>Capital, technology, </em>and <em>human development</em> influence the labor productivity employees could have. Poor countries are characterized by having low investments. If the labor force increases but the capital remains stagnant, the level of productivity is likely to fall since there is a surplus in labor hand.

3 0
3 years ago
Suppose that at prices of $1, $2, $3, $4, and $5 for product Z, the corresponding quantities supplied are 3, 4, 5, 6, and 7 unit
klio [65]

Answer:

A.

Explanation:

An improve in technology will allow firms to produce in an effective way therefore, with the same resources, firms will produce more units. This will cause an increase in total supply: at the same price, firms will offer more units. In this case, at prices $1, $2, $3, $4 and $5 the new quantities will be 6,8,10,12. In the demand and supply graph, this looks as shift to the right of the supply curve (figure attached).

It is not option B because the problem says increase in quantities "at these prices". It is not option C because an increase in taxes will increase costs of production, thus firms will decrease units of production. It is not option D because changes in income will affect demand.

4 0
3 years ago
Why should teenagers, in particular, look for no fee savings accounts?
Yuki888 [10]

It is best that when teenagers get an account, that they get one that has no fees because they have a limited amount of money coming in.

In general, teenagers don't earn a lot of money, any bank account that they get therefore, should be one that doesn't reduce this little amount of money that they get.

It is therefore best that teenagers try to find accounts that have little or reduced fees. To this end, some banks offer teenage savings accounts that:

  • Don't charge for ATM withdrawals
  • Don't charge for transactions on a debit card

In conclusion, teenagers should try to get accounts that do not have fees attached so as not to reduce the limited income they probably get.

<em>Find out more at brainly.com/question/11423959.</em>

4 0
3 years ago
Listed below are costs found in various organizations.
topjm [15]
<h2>The following are the costs incurred and their types: </h2>

  • 1. Direct labor - Fixed - manufacturing cost
  • 2. Executive salaries - Fixed - administrative cost
  • 3. Factory rent - Fixed - administrative cost
  • 4. Property taxes, factory - Fixed - administrative cost
  • 5. Boxes used for packaging detergent produced by the company - Variable - manufacturing cost
  • 6. Salespersons' commissions - Variable - selling cost  
  • 7. Supervisor's salary, factory - Fixed - administrative cost
  • 8. Depreciation, executive autos - Variable -  
  • 9. Wages of workers assembling computers - Variable - administrative cost
  • 10. Insurance, finished goods warehouses - Variable - administrative cost
  • 11. Lubricants for production equipment - Variable - administrative cost
  • 12. Advertising costs - Variable - selling cost  
  • 13. Microchips used in producing calculators - Variable - manufacturing cost
8 0
3 years ago
Isabel orally agrees to buy a unique collection of nineteenth-century cowboy memorabilia for $10,000 from Jessie and sends $2,50
fredd [130]

Answer:

Rescission

Explanation:

Rescission is the voiding of a contract not recognized as legally binding. The courts can free non-liable parties from their agreed obligations and, when possible, will effectively seek to restore them to the position they were in before the contract was signed.

You can refer more about "rescission" in this link

https://en.wikipedia.org/wiki/Rescission_(contract_law)

8 0
3 years ago
Other questions:
  • In the making ethical decisions box titled "would you cook the books?" the situation provides the student with an ethical dilemm
    13·1 answer
  • Inputs and outputs Megan's Performance Pizza is a small restaurant in San Francisco that sells gluten-free pizzas. Megan's very
    6·1 answer
  • The set of business activities that add value to the end product is referred to as a​ _______.
    12·1 answer
  • Journalize the entries to record the following:
    15·1 answer
  • Janis wants to open a restaurant.? she is not interested in a franchise; she wants to build her business literally from the grou
    5·1 answer
  • The statement of cash flows is: Multiple Choice Another name for the statement of financial position. A financial statement that
    10·1 answer
  • Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about
    14·1 answer
  • Important! 40 Points for those who answer!
    6·1 answer
  • North Company has completed all of its operating budgets. The sales budget for the year shows 50,140 units and total sales of $
    9·1 answer
  • A demand schedule illustrates the relationship between price and quantity in the format of a(n) ______.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!