Answer:
a) UNDER FIFO
November 1 Inventory 120 units at $39
November 10 Sale 90 units
- COGS = 90 X $39 = $3,510
- remaining inventory = 30 x $39 = $1,170
November 15 Purchase 140 units at $40
November 20 Sale 110 units
- COGS = (30 x $39) + (80 x $40) = $1,170 + $3,200 = $4,370
- remaining inventory = 60 x $40 = $2,400
November 24 Sale 45 units
- COGS = 45 x $40 = $1,800
- remaining inventory = 15 x $40 = $600
November 30 Purchase 160 units at $43
- remaining inventory = $600 + (160 x $43) = $7,480
b. UNDER LIFO
November 1 Inventory 120 units at $39
November 10 Sale 90 units
- COGS = 90 X $39 = $3,510
- remaining inventory = 30 x $39 = $1,170
November 15 Purchase 140 units at $40
November 20 Sale 110 units
- COGS = 110 x $40 = $4,400
- remaining inventory = (30 x $40) + (30 x $39) = $2,370
November 24 Sale 45 units
- COGS = (30 x $40) + (15 x $39) = $1,785
- remaining inventory = 15 x $39 = $585
November 30 Purchase 160 units at $43
- remaining inventory = $585 + (160 x $43) = $7,465
Under LIFO, the ending inventory is lower than under FIFO.
Answer: 2.0143
Explanation:
From the question, we are informed that the exchange rate between U.S. dollars and Swiss francs is SF 1.41 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.70 euro.
The cross rate of Swiss francs to euros will be the exchange rate between U.S. dollars and Swiss francs which is SF 1.41 = $1.00 multiplied by the exchange rate between the U.S. dollar and the euro which is $1.00 = 0.70 euro. This will now be:
= (1.41/1.00) × (1.00/0.70)
= 1.41 × 1.4285714286
= 2.0143
The cross rate of Swiss francs to euros is SF 2.0143 = 1 euro
The answer to this question is when private ownership rights are well defined <span>It can be held accountable for damage to others through misuse of their property.</span>
Answer:
Using the excel formula to calculate the yearly payment we calculate the amount which is 23,703.29 . Base in this information we proceed to prepare the amortization schedule:
Period Initial amount Amortización Interest Payment Final Amount
1 60,000.00 18,303.29 5,400.00 23,703.29 41,696.71
2 41,696.71 19,950.58 3,752.70 23,703.29 21,746.13
3 21,746.13 21,746.13 1,957.15 23,703.29 -
The total interest paid is $ 11,109.86
Answer:
D. they will be unable to earn higher-than-normal profits in the long run.
Explanation: A monopolistic competition is a form of imperfect Competition where many firms that are located within a give market are known to offer similar products to the markets that are not enough to qualify them as a perfect close Substitute (the Purchase of one of the close Substitute does not necessarily prevent the purchase of another). in this type of imperfect Competition the possibility of a barrier to entry or exit is generally low.