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ELEN [110]
3 years ago
5

A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells

450 units. Ending inventory at January 31 totals 170 units.
Units Unit Cost
Beginning inventory on January 1 410 $4.00
Purchase on January 9 90 4.20
Purchase on January 25 120 4.30

Required:
Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.
Business
1 answer:
True [87]3 years ago
5 0

Answer:

Do the math don't be lazy

Explanation:

SHOW WORK

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What is the value of $1000 investment that loses 5% each year for eight years
nadya68 [22]

Answer:

$663.420

Explanation:

The value for the investment is the future of $1000, earning a compound interest of -5% for eight years.

The formula for compound interest is as below.

FV = PV × (1+r)^n

Fv = $1000 x ( 1 + (-5/100)^8

Fv= $1000 x (1 +(-0.05)^8

FV= $1000 x (0.95)^8

Fv=$1000x 0.6634204

Fv=$663.420

The value will be $663.42

8 0
3 years ago
Read 2 more answers
The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Calvin, Inc., a leadi
solong [7]

Answer:

ASSETS

<u>NON -CURRENT ASSETS</u>

Buildings and improvements                              195

Land and improvements                                       15

Other intangibles                                              1,359

Machinery, equipment, and software                418

Tools, dies, and molds                                          71

Accumulated depreciation                               (417)

Goodwill                                                              469

Accumulated amortization (other intangibles) (819)

TOTAL NON -CURRENT ASSETS                    1,291

<u>CURRENT ASSETS</u>

Inventories 300

Prepaid expenses and other current assets   165

Allowance for doubtful accounts                     (39)

Accounts receivable                                          641

Other noncurrent assets                                   210

Cash and cash equivalents                              636

TOTAL CURRENT ASSETS                             1,613

TOTAL ASSETS                                             2,904

Explanation:

Non-current assets are assets of a long term nature ,exceeding period of 12 months.

Current assets are assets of a short term nature, not exceeding a period of 12 months.

8 0
3 years ago
A product's life cycle is divided into four stages, which are:
Illusion [34]

Answer: D. introduction, growth, maturity, and decline.

Explanation: The life cycle of products are divided into for stages. And it is the entirety of the process wherein a product is brought to a market, grows in popularity and demand, and is then removed from the market as demand drops gradually to zero.

These stages include:

1. Introduction - is characterized by a low growth rate of sales as the product is newly launched. Demand is very low and consumers may not know much about the product.

2. Growth - the public becomes increasingly aware of the product; demand, sales and revenues begin to increase.

3. Maturity - sales gets to its peak. This is because the product reaches market saturation, and competition with other similar products grows increasingly fierce.

4. Decline - sales, growth, begins to shrivel up, profits decline, competition still remains high, and the product ultimately reaches its ‘death' and is recalled from the market or production stopped entirely.

3 0
4 years ago
Suppose that a pure monopolist can sell 20 units of output at $10 per unit and 21 units at $9.75 per unit. the marginal revenue
andreyandreev [35.5K]
Marginal revenue is defined as the amount that you gained after selling all your units at a certain price. Revenue is different from profit, because profit has to incorporate the expenses incurred in order to produce the product. For total revenue, that would just represent the total sales of a firm or company. However, marginal revenue is the additional cost a consumer has to pay when he acquires an additional unit of the product. Thus, marginal revenue is the change of sales per unit product.

Marginal Revenue = ΔRevenue/ΔNumber of units
Marginal Revenue = [21($9.75) - 20($10)]/(21-20)
Marginal Revenue = $4.75 per unit
7 0
3 years ago
Each with $35,500 in their partnership capital accounts. kwon is admitted to the partnership by investing $35,500 cash. prepare
OverLord2011 [107]
35500 +35500 will give u the admission which is 71000
7 0
4 years ago
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