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3 years ago

Beginning inventory, purchases and sales data for T-shirts are as follows:

Business

1 answer:

Karolina [17]3 years ago

5 0

Based on the First In; First Out method of inventory management, the ending inventory is $180.

FIFO means that the earlier stock is sold off first. This means that the sale on April 14 was based on the beginning inventory first and then the Purchase on the 11.

Stock on April 14:

= Beginning stock + Purchases - Sale

= 24 + 26 - 36

= 14 units at $12 each

Stock at 25th:

= Remaining April 11 purchases + April 21 Purchases - Sales

= 14 + 18 - 20

= 12 units at $15

Ending inventory:

= 7 x 12

= $180

In conclusion, closing inventory is $180.

Find out more at brainly.com/question/18761943.

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McCabe Manufacturing Co.'s budget at 8,000 units of production includes $40,000 for direct labor and $4,000 for electric power.

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Answer: variable costs of $49,500 and $23,000 of fixed costs

Explanation:

A flexible budget refers to the budget which adjusts to the volume levels of a company.

Based on the information given in the question, the variable cost will be:

= (44000/8000) x 90000

= $49500 variable

On the other hand, the fixed cost has been given as $23000.

Therefore, the flexible budget would show variable costs of $49,500 and $23,000 of fixed costs.

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3 years ago

An investment project has annual cash inflows of $4,300, $4,000, $5,200, and $4,400, for the next four years, respectively. The

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Answer:

1.64 years

2.27 years

3.13 years

Explanation:

Discounted payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative discounted cash flows

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1 = -5800 + 3805.31 = -1994.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2 =-1994.69 + 3132.59 = 1137.90

Payback period = 1 + 1994.69/3132.59 = 1.64 years

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1 = -7900 + 3805.31 = -4094.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2 = -4094.69 + 3132.59 = -962.10

Present value of cash flow in year 3 = 5200 / (1.13^3) = 3603.86

Amount recovered in year 3 = -962.10 + 3603.86 = 2641.76

Payback period = 2 years + -962.10 / 3603.86 = 2.27 years

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1 = -10900 + 3805.31 = -7094.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2 = -7094.69 + 3132.59 = -3962.10

Present value of cash flow in year 3 = 5200 / (1.13^3) = 3603.86

Amount recovered in year 3 = -3962.10 + 3603.86 = -358.24

Present value in year 4 = 4400 / (1.13^4) = 2698.60

Amount recovered in year 4 = -358.24 + 2698.60 = 2340.36

Payback period = 3 years + 358.24 + 2698.60 = 3.13 years

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3 years ago

Art's Market barrows $25,000 for three years at 8 percent. Payments are quarterly. Which of these inputs correctly computes the

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Explanation:

A is the correct option because,

N = 12

The period is 3 years but the payments are quaterly so the actual period is;

= 3 years * 4

= 12 quarters/ periods.

I = 8/4

The interest rate is 8% but this is stated as a Yearly value which needs to be adjusted to a quarterly value by dividing it by 4.

PV = 25,000

The Present Value of the loan is $25,000 because this is the amount that Art's Market was given in the present.

When all of this is inputted into the calculator, the answer will be; PMT = $2,363.99.

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3 years ago

Children with asthma can have severe asthma attacks if they catch common

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Answer:

All of the above can prevent the spread of infections

Explanation:

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Hence, in this situation, in order to prevent the spread of germs, it is always advisable to carry out the following:

1. Make sure children take antibiotics every time they get sick

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3. Cover your face with a re-usable handkerchief when you cough or sneeze

Therefore, the correct answer is "All of the above can prevent the spread of infections."

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3 years ago

Brittany, who is single, cares for her father Raymond. Brittany pays the bills relating to Raymond's home. She also buys groceri

AVprozaik [17]

Answer:

Taxable Income = $29,100

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3 years ago