All categories

3 years ago

Need a contact no need to cancel

Business

1 answer:

Digiron [165]3 years ago

7 0

Answer:

Hi, Could you please more specific with you question?

Thanks a lot, Brainly Team

You might be interested in

Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $888,000 (37,000 units at $24 each)

kvv77 [185]

Answer:

the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

Explanation:

The computation is shown below

Cost of goods sold is

= (117,000 units - 114,000 units) × $24 + 114,000 units × $29

= 3,000 units × $24 + 114,000 units × $29

= $72,000 + $3,306,000

= $3,378,000

And, the ending inventory is

= (37,000 units - 3,000 units) × $24

= $816,000

Hence, the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

7 0

3 years ago

What is networking in business?

Svetach [21]

Networking is a socioeconomic business activity by which business people and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.

3 0

4 years ago

What is the correct entry for a $100 purchase of supplies on credit?

wolverine [178]

Answer:c

Explanation:

4 0

3 years ago

Read 2 more answers

The spot price of silver is $20 per ounce. The storage costs are $0.30 per ounce per year payable quarterly in advance. Assuming

kirill115 [55]

Answer:

21.11176754

Explanation:

storate cost: 0.30

as the storage is continusly we use continuos interest rate:

0.30 / 4 = 0.075 per quarter

this is paid in advance so we calculate the present values of this payment

$PV = 0.075 + 0.075e^{-0.04 \times 0.25} + 0.075e^{-0.04 \times 0.50}+0.075e^{-0.04 \times 0.75}$

PV = 0.295552053

Now we solve for the future value of silver using also a continuos rate

$F = (spot + storage) e^{0.04 \times 1}$

(20 + 0.295552053)e^0.04 = 21.11176754

4 0

3 years ago

Bedrock Company reported a December 31 ending inventory balance of $416,000. The following additional information is also availa

Brrunno [24]

Answer:

$392,400

Explanation:

The computation of correct balance for ending inventory on December 31 is shown below:-

Correct balance for ending inventory = Ending inventory – Office supplies

= $416,000 - $23,600

= $392,400

Therefore for computing the correct balance for ending inventory we simply deduct the office supplies from ending inventory and ignore all other amounts as they are not relevant.

3 0

3 years ago