Answer:
$945.50
Explanation:
The computation of the weighted average is shown below:
Ending inventory = opening inventory + Purchase - Sales
= 85 + (290 + 195 + 50) - 315
= 620 - 315
= 305
Average cost per unit = (Beginning inventory units × price per unit + purchase inventory units × price per unit + purchase inventory units × price per unit ) ÷ (Beginning inventory units + purchase inventory units + purchase inventory units)
= (85 × $2.60 + 290 × $3.10 + 195 × $3.20 + 50 × $3.60) ÷ (85 + 290 + 195 + 50)
= ($221 + 899 + $624 + $180 ) ÷ (620)
= $1924 ÷ 620
= $3.1
Weighted average = Ending inventory × Average cost per unit
= 305 × $3.1
= $945.50
Answer:
The amount Nenn debited to write off actual bad debt is $17,000
Explanation:
Please see computation below
Given that;
Beginning balance of allowance for uncollectible = $180,000
Ending balance of allowance for uncollectible = $190,000
Bad debt expenses reported = $27,000
With regards to the above information,
the net write off for actual bad debts is
= $180,000 + $27,000 - $190,000
= $17,000
Answer:
Easy to transfer ownership.
Explanation:
its ownership is easily transferable via the sale of shares of stock.
<span>Some people consider mutual funds a more convenient investment than stocks or bonds because </span>owning an individual stock would carry more risk than a mutual fund. The type of risk is unsystematic. Unsystematic risk means that by owning just one stock, you would be carrying company risk that may not apply to other companies in the same sector of the market.
