Answer:
$5,415
Explanation:
Purchases Sales
January: 10 units at $120 6 units at $120
February: 20 units at $125 5 units at $125
May: 15 units at $130 9 units at $130
September: 12 units at $135 8 units at $135
November: 10 units at $140 13 units at $140
On December 31, there were 26 units remaining in ending inventory.
When you use last in, first out (LIFO) method, you calculate cost of goods sold based on the price of the last units purchased.
COGS:
- January: 6 units at $120 = $720
- February: 5 units at $125 = $625
- May: 9 units at $130 = $1,170
- September: 8 units at $135 = $1,080
- November: 13 units at $140 = $1,820
- total $5,415
Answer:
B. Weighted average cost of capital
Explanation:
The Weighted average cost of capital is abbreviated as the WACC. It is the weighted average of cost of common equity, cost of preferred equity and aftertax cost of debt. For a company to have a breakeven in returns, they need to earn a minimum rate of return on its assets which is equivalent to the weighted average cost of capital(WACC) making choice B correct.
Answer:
There is no contract, he has been banned for life
Explanation:
Troy and the casino had no contract. Troy black Ford had no business going back to gamble in the casino because he had already been banned for life for destroying a slot machine. So except this ban had been lifted by prairie meadows, there was no way he could argue that he had a contract and then win the case. Prairie meadows made him no offers so as a result there could be no contract.
Answer:
Jessica should consume more of good A.
Explanation:
Jessica spends all her income on two goods, A and B.
The price of A is $5, and the price of B is $7.
At the current consumption bundle, the marginal utility of A is 10, and the marginal utility of B is 21.
The total utility is maximized when the ratio of marginal utility and price of the goods consumed is equal for all the goods in the bundle.
The ratio for Good A
= 
= 2
The ratio for good B
= 
= 3
Since the ratio is higher for good B, the consumer should shift from consumption of good B to good A until the ratio is equal for both the goods.
