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The following inventory was available for sale during the year for Dolphin Tools: Beginning inventory 10 units at $120 First pur

vaieri [72.5K]

Answer: $4,950

Explanation:

If the company is using the First In First Out method for Inventory valuation then the earlier inventory is sold off first which would mean that the inventory at year end will be the more recent inventory.

The 25 units at the end of the year will be the most recent units purchased and so will be;

20 units from the third purchase

5 units from the 2nd purchase

Inventory value = (20 * 195) + ( 5 * 210)

= $4,950

<em>The options are not for this question. </em>

8 0

3 years ago

The cost structures of a monopoly have ____________ relationships among fixed costs, variable costs, marginal costs, and average

Ksju [112]

The cost structures of a monopoly have the same relationships among fixed costs, variable costs, marginal costs, and average cost values as pure competition.

Profits for the monopolist, like all organization, can be identical to total revenues minus total costs. The sample of costs for the monopoly may be analyzed inside the identical framework because the costs of a perfectly competitive firm—that is, with the aid of using using total cost, fixed cost, variable cost, marginal cost, average cost, and average variable cost.

However, due to the fact a monopoly faces no competition its situation and its choice method will fluctuate from that of a superbly aggressive organization.

<h3>What is Monopoly Price?</h3>

A monopoly price is set by a monopoly. A monopoly occurs when a firm lacks any viable competition and is the sole producer of the industry's product. Because a monopoly faces no competition, it has absolute market power and can set a price above the firm's marginal cost. Since marginal cost is the increment in total cost required to produce an additional unit of the product, the firm can make a positive economic profit if it produces a greater quantity of the product and sells it at a lower price.

Learn more about Monopoly on:

brainly.com/question/7217942

#SPJ4

8 0

2 years ago

Copyright law protects the expression of

rjkz [21]

Answer:

Copyright protection generally lasts for 70 years and protects the original expression of an idea, whether literary, artistic, commercial or otherwise. It is used to protect original works of authorship that are fixed in a tangible medium of expression.

Explanation:

5 0

3 years ago

Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product B Direct materials $

Ede4ka [16]

Answer:

$66,800

Explanation:

The computation of the amount of production cost assigned to product A but before that first we have to calculate the overhead rate which is shown below:

Overhead rate = Overhead Cost ÷ Total Labor Cost

= $60,000 ÷ ($30,000 + $16,000)

= $1.30

Now

Overhead Cost assigned to product A is

= $1.30 × $16,000

= $20,800

So, the Production costs assigned to product A is

= Direct Materials cost + Direct Labor cost + Overhead Cost

= $30,000 + $16,000 + $20,800

= $66,800

6 0

4 years ago

Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas

aksik [14]

Answer:

1, Nike = 18,590 / [(2,614 + 2,746) / 2] = 7 days

Adidas = 9,784.8 / [(1,580+1400)/2] = 6.57 days

2. Nike = 365 / 6.94 days = 52 days

Adidas = 365 / 6.57 days = 55 days

Explanation:

A. Accounts receivable turnover for both companies.

1. To calculate the accounts receivable turnover, start by adding the beginning and ending accounts receivable and divide it by 2

2. to calculate the average accounts receivable for the period. Take the figure in 1 above and divide it into the net credit sales for the year for the average accounts receivable turnover.

Credit sales / [(opening receivables + closing receivables) / 2]

Nike = 18,590 / [(2,614 + 2,746) / 2] = 7 days

Adidas = 9,784.8 / [(1,580+1400)/2] = 6.57 days

2. Average collection Period = 365 / Average receivables Turnover ratio

Nike = 365 / 6.94 days = 52 days

Adidas = 365 / 6.57 days = 55 days

5 0

3 years ago