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Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Units Unit Cost Total

Stells [14]

Answer:

FIFO LIFO WEIGHTED AVERAGE

Ending inventory 4494 3878 4193

Cost of Goods Sold 6875 7491 7176

Explanation:

STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC FIFO

RECIEPTS COST OF GOODS SOLD BALANCE

DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $

balance 21 71 1491 21 71 1491

Purchasse

28-Mar 31 77 2387 31 77 2387

22-Aug 42 81 3402 37 81 2997 5 81 405

14-Oct 47 87 4089 47 87 4089

TOTAL 141 11369 89 6875 52 4494

STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC LIFO

RECIEPTS COST OF GOODS SOLD BALANCE

DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $

balance 21 71 1491 21 71 1491

Purchasse

28-Mar 31 77 2387 31 77 2387

22-Aug 42 81 3402 42 81 3402

14-Oct 47 87 4089 47 87 4089

TOTAL 141 11369 89 7491 52 3878

STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC WEIGHTED AVERAGE

RECIEPTS COST OF GOODS SOLD BALANCE

DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $

balance 21 71 1491

Purchasse

28-Mar 31 77 2387

22-Aug 42 81 3402

14-Oct 47 87 4089

TOTAL 141 80.63 11369 89 80.63 7176 52 80.63 4193

5 0

3 years ago

My name is Ann [436]

The answer to this question is <span>gross ratings points (GRP).
</span><span>gross ratings points (GRP) is one of the most often used standard in measuring the impact that we made with our advertising campaign.
To calculate this, we just need to compare the percentage of our target market with the amount of exposure that we get.</span>

8 0

4 years ago

An asset costs $174000 and is expected to have a $58000 salvage value at the end of its 10-year life. Straight-line depreciation

makvit [3.9K]

The cash payback period for the asset is 3 years.

Payback period = Cost of Investment ÷ annual cash inflow

=174,000 / 58,000

= 3 years

What is cost of investment in accounting?

Certain investments are recorded using the cost method of accounting in a company's financial statements. When an investor holds an investment that it has little or no control over—typically described as owning less than 20% of the company—they employ this strategy.

What is yearly cash flow?

Cash circulation in and out of a business over a fiscal year is referred to as "annual cash flow" in finance.

How do you calculate annual cash flow?

To calculate your yearly cash flow, subtract your total cash inflows from your total cash outflows. If the result is positive, it indicates positive cash flow; if it is negative, it indicates negative cash flow. Using the same example, take $175,000 out and subtract $139,000 to generate $36,000 in positive annual cash flow.

Learn more about cost of investment: brainly.com/question/16944523

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5 0

1 year ago

Free rein leaders can be described as:

kodGreya [7K]

Answer:

It is C. Democratic

Explanation:

It is Democratic, because free rein leaders can be described as

One who allows individuals under them to make most of the decisions or a policy of allowing employees/members of an organisation to handle problems by their own judgement.

This tells you that Free rein leaders can be described as Democratic

5 0

3 years ago

Sharon purchases two products, X and Y, with a given fixed budget. The marginal utility she receives from the last unit of X she

lorasvet [3.4K]

Answer:

The correct answer is option A.

Explanation:

Sharon in consuming two goods X and Y.

The price of X is $2 and that of Y is $1.

The marginal utility derived from consuming X is 60 utils and from consuming Y is 30 utils.

For profit-maximization the ratio of marginal utility and price should be equal for both goods or the marginal utility of money spent on both goods should be equal.

The ratio for good X

= $\frac{MUx}{Px}$