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Aneli [31]
3 years ago
14

A company just starting business made the following four inventory purchases in June:June 1 150 units $ 390 June 10 200 units 58

5 June 15 200 units 630 June 28 150 units 510 $2,115 A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. The inventory method which results in the highest gross profit for June is Select one: a.the weighted average unit cost method. b.the FIFO method. c.the LIFO method. d.not determinable.
Business
1 answer:
Andreas93 [3]3 years ago
4 0
Poooooooooooooooooop
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Last year, Buckner & Jones Company incurred the following costs: Direct materials $42,000 Direct labor 63,000 Manufacturing
Anon25 [30]

Answer:

Option (D) is correct.

Explanation:

Given that,

Direct materials = $42,000

Direct labor = 63,000

Manufacturing overhead = 94,500

Selling expenses = 25,200

Administrative expenses = 23,100

Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each.

Total period expense:

= Selling expenses + Administrative expenses

= $25,200 + $23,100

= $48,300

Therefore, the total period expense was $48,300.

6 0
4 years ago
Granite works maintains a debt-equity ratio of .65 and has a tax rate of 21 percent. the pretax cost of debt is 9.8 percent. the
siniylev [52]
<span>9.20 percent

Re= 0.036 +1.2(0.085) = 0.138
Re= [($1.10 x 1.02)$19] +.02 = 0.0790526

ReAverage = (0.138 + 0.0790526)/2 = 0.108526

WACC = (1/1.65)(0.108526) + (0.65/1.65)(0.098)(1-0.32) = 9.20 percent</span>
4 0
3 years ago
What analysis feature of a decision support system (DSS) pinpoints the region that generated the highest total sales
DedPeter [7]

Answer:

exception reporting

Explanation:

A decision support system (DSS) can be regarded as a computerized program that is utilized in supporting determinations as well as judgments, and courses of action s regards a

an organization or a business.

An exception reporting can be regarded as process of using document which states out the instances whereby actual performance is been deviated from expectations in a significantly manner, this is usually in a negative direction. The main reason for this report is to align the attention of management on areas that requires immediate action.

It should be noted that the analysis feature of a decision support system (DSS) pinpoints the region that generated the highest total sales is exception reporting.

6 0
3 years ago
Smith Commercial Development has effective control processes, allowing its managers to discover ______ in bookkeeping right away
Daniel [21]

Complete Question:

Smith Commercial Development has effective control processes, allowing its managers to discover ______ in bookkeeping right away, before a would-be embezzler could seriously affect its business.

Group of answer choices

A. irregularities and errors

B. team problems

C. a potential merger

D. tax breaks

E. competence

Answer:

A. Irregularities and errors.

Explanation:

In this scenario, Smith Commercial Development has effective control processes, allowing its managers to discover irregularities and errors in bookkeeping right away, before a would-be embezzler could seriously affect its business.

Generally, managers are saddled with the responsibility of controlling various aspects of an organization (business) and as such are required to improve the effectiveness of their control processes. An effective control process ensure that every information at various levels of organization such as bookkeeping (financial statements) are accurate through the use of corrective actions.

5 0
3 years ago
Describe why most countries are described as having a mixed economy​
Tamiku [17]

Explanation:

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

8 0
3 years ago
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