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Crank
3 years ago
15

Determine the cost of merchandise sold for the transaction on September 25 using the perpetual inventory system and the FIFO met

hod. Date Item Units Cost Total Beginning inventory 5 $5 $25 September 4 Purchase 8 6 48 September 8 Sale 6 September 20 Purchase 15 7 105 September 25 Sale 12 a.$105 b.$77 c.$84 d.$73
Business
1 answer:
GuDViN [60]3 years ago
7 0

Answer:

b.$77

Explanation:

beginning inventory 5 units

purchase september 4th 8 untis

sale for 6 units:

<u>inventory after first sale: (available at second sale)</u>

beginning used.

purchase september 4th   7  untis at $6

September 25th Sale of 12 units

<u>inventory used for second sale:</u>

September 4th   7  untis at $6

September 15th  5 units at $7

total COGS for the sale: $77

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What are the weaknesses of the cash payback approach? A. It uses accrual-based accounting numbers B. It ignores the time value o
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Answer:

D. Both (B) and (C) are true

Explanation:

Cash payback approach is helpful to know the number of years, project would take to recover the initial investment. It could be calculated by dividing initial investment by cash flow per year. It is very simple and easy approach to compare projects and find number of years to recover the initial investment. The most serious weekness of cash payback approach is, it ignore the time value for the money, it also ignore project profitablity and project`s return on investment.  As according to cash payback approach, it consider projects with short payback time as profitable and thus ignore useful life of alternative projects.

7 0
2 years ago
Jasper Furnishings has $225 million in sales. The company expects that its sales will increase 10% this year. Jasper's CFO uses
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Answer:

$75,637.5

Explanation:

Sales = $225 million

Growth in sales = 10%

Inventory = $15 + 0.245(Sales)

(sales) S1 = $225,000,000 × 1.10

   = $247,500,000

Inventory = $15 + 0.245 ($247.5)

                = $15 + 60.6375

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Since this relationship is expressed in thousands of dollars,

Inventory = $75.6375 x $1000

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7 0
3 years ago
Imagine that a food critic visits your restaurant and writes a positive review that was then published in a magazine. This is an
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Answer:

Good Quality or Service

Explanation:

This is a very general question however I’ll try to answer it to the best of my knowledge.

This is an example of Good Quality or Service OR Public Relations or Promotion.

Good Quality or Service – The food quality or the service at the Restaurant must be very good that the food critic was so impressed that he/she published this review on the magazine so that others may try the delicious food of this Restaurant.

Public Relations or Promotion – Regardless of the food quality or the service at the Restaurant, the restaurant owner had paid the food critic/blogger to post good reviews about his/her Restaurant in the magazine which would attract more customers to this Restaurant.

In my opinion, Good Quality or Service is more relevant in this scenario.

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3 years ago
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Answer:

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“Retail communications or correspondence providing any testimonial concerning the investment advice or investment performance of a member or its products must prominently disclose the following:

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