1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
snow_tiger [21]
2 years ago
14

Jacobs Company had inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit.

On June 12, it purchased 20 units at $14 per unit. On June 17, it sold 30 units. Using FIFO, what is the value of the inventory at June 17 after the sale?
a. $140
b. $160
c. $210
d. $380
Business
2 answers:
Volgvan2 years ago
8 0
The answer is c. $210
Marta_Voda [28]2 years ago
7 0

Answer: C

Explanation:

In FIFO, determine the cost of the inventory that is the oldest and multiply that cost by the amount of inventory that was sold

Value of Inventory = 15 * 14 = $210

You might be interested in
Consumer ________ helps answer questions such as why people choose one product or brand over another, how they make these choice
neonofarm [45]

Answer: Behavior

Explanation: Consumer Behaviour is the way consumers respond to the purchase of a certain products and services, consumer behaviour is affected by various factors such as PRICE, QUALITY, QUANTITY,INCOME etc.

Certain consumers have specific interest in certain products or services, due to brand loyalty which has emanated from the consistent quality and other product features which they have enjoyed in such products.

6 0
3 years ago
why is government intervention often crucial when dealing with both positive and negative externalities?
Dennis_Churaev [7]

Answer:

Because the government can use her sovereign power to both mitigate negative externalities as well as encourage positive externalities.

Explanation:

A positive externality occurs when the transaction between a producer and end user benefits a third party that did not take art in the process.

A very Good example is Education. There is a third party benefit to the society when we have more educated citizens.

A negative externality happens when the business transaction between a manufacturer and consumer affects a third party adversely. a typical example is cigarettes. When cigarettes is consumed by the end user, the smoke can affect the health of a third party that was not part of the initial transaction.

To deal with both positive and negative externalities, government intervention is very crucial.

Government encourages positive externalities like education by subsidizing the cost of attending a school. They also enact laws that make basic education compulsory.

In the case of negative externalities, Government can intervene with a ban on producing harmful goods and also set a legislation about smoking in public laces to mitigate  the health complications caused by third party inhalation.

6 0
3 years ago
According to the Lewis two-sector model the creation of a Modern (urban) Sector will:
Soloha48 [4]

Answer:

The answer is option B)  According to the Lewis two-sector model the creation of a Modern (urban) Sector will:

Create a flow of labor from the traditional sector into the modern sector.

Explanation:

The two sector model propounded by W. Arthur Lewis is a theory of development that identifies two sectors: the traditional and modern sector.

According to this theory, the creation of a modern sector will generate a flow of excess labor from the traditional sector to the urban sector where there is more demand for labor.

Over time, this migration will create more jobs, stimulate industrialization and a framework for sustainable development.

3 0
2 years ago
File:///C:/Users/DAVIS/Downloads/560bfbbee4b07d4dde92ebf8-airforce2be-1443626318200-aaf2l_project2_wr%20(1).pdf
kodGreya [7K]
JEBBERZ that link isn't even clickable
3 0
3 years ago
Start Inc. has 5,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock out
Dahasolnce [82]

Answer:

$30,000 in total

Explanation:

The annual dividend on preferred stock can be determined based on the dividend rate, in other words, the annual dividend is the dividend rate multiplied by the face value of the preferred stock as shown thus:

annual dividend on preferred stock=number of preferred shares outstanding*par value per share*dividend rate

number of preferred shares outstanding=5,000

par value per share=$100

dividend rate=6%

50,000 shares refer to the number of common stocks outstanding

annual dividend on preferred stock=5000*$100*6%

annual dividend on preferred stock=$30,000

dividend per share=$30000/5000=$6

4 0
2 years ago
Other questions:
  • When maggie joined techno-nerds, inc., she automatically joined an employee team. team members each had base salaries, but they
    5·1 answer
  • How is a significant amount of consignment inventory reported in the balance sheet? a)The inventory is reported separately on th
    12·1 answer
  • Petra, a plant manager, received an e-mail from the CEO stating that the company will now be focusing on customer service. The e
    6·1 answer
  • Entitlement culture is the idea that __________________________. a. basic salaries are extra pay for sales performance rather th
    11·1 answer
  • During a recent brainstorming session, one of Franklin's co-workers suggested that their company could sell some of the data con
    11·1 answer
  • Roman Knoze is considering two investments. Each will cost $20,000 initially. Project 1 will return annual cash flows of $10,000
    7·1 answer
  • When a consumer borrows money, the lender will ask the borrower to sign:
    10·1 answer
  • Ken just purchased new furniture for his house at a cost of $16,700. The loan calls for weekly payments for the next 6 years at
    11·1 answer
  • Twitter provides a platform where businesses can create advertising campaigns
    8·2 answers
  • A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found tha
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!