Answers
The COGS on January 25 is $5,030 and the inventory on January 31 is $2,970.
On January 1 the Inventory is 60 units at $100 for a total of $6,000.
On January 9 there are 35 units sold with a cost of $100 for a total of $3,500. After this sale the total cost of inventory is $6,000 - $3,500 = $2,500.
On January 1 50 units are purchased for $110 for a total of $5,500. The current value of inventory is $2,500 + $5,500 = $8,000.
On January 25 there are 48 units sold. This consists of the remaining 25 units at $100 and 23 additional units at $110. (25 x 100) + (23 x 110) = $5,030. The remaining inventory after this sale is $8,000 - $5,030 = $2,970.
In a perpetual inventory system using FIFO method, the cost of goods sold on January 25 is calculated using the cost of the oldest inventory batch sold, while the inventory on January 31 is calculated using the cost of the most recently purchased inventory items.
Explanation:In a perpetual inventory system using the first-in, first-out (FIFO) method, the cost of goods sold on January 25 can be calculated by summing up the cost of the oldest inventory items sold. This means we'll use the cost of the first batch of inventory purchased to calculate the cost of goods sold. To determine the cost of goods sold on January 25, you need to know the number of units sold and the cost per unit for the oldest inventory batch purchased before January 25.
The inventory on January 31 can be calculated by summing up the cost of the remaining inventory items. This means we'll use the cost of the most recently purchased inventory items to calculate the value of the remaining inventory. To determine the inventory on January 31, you need to know the number of units remaining and the cost per unit for the most recently purchased inventory items.
Related Questions
Which best describes an opportunity cost?
aaccepting an opportunity to do something else when making an economic decision
giving up an opportunity to do something else when making an economic decision
accepting an opportunity to help accomplish something else when making an economic decision
giving up an opportunity to increase prices when making an economic decision
Answers
Opportunity cost is giving up an opportunity to do something else when making an economic decision.
Opportunity cost is best described as below:
Giving up an opportunity to do something else when making an economic decision.
In simple words, when there are two or more options in front of a person while making a decision, and he takes one of them by keeping something in mind and leave the other ones, then he is losing the opportunity of having the other alternative. This losing cost is actually the Opportunity Cost. It is basically the loss of one option while choosing the other one.
WILL GIVE BRAINLIEST
Which of the following is an accurate statement about charitable giving (philanthropy) in the United States?
Answers
The correct answer is choice D.
Philanthropy has a long history in the US is the only correct statement in the options given. All of the others are false. Charitable giving is not a recent development, there are a number of tax benefits and people definitely find it personally satisfying.
E-mail policies should ____.
explain the cost of the servers and hardware that make e-mailing possible
publish the e-mail addresses of every employee and company customer stored on the e-mail server
record and then publish the number of e-mails sent each day by employees
clearly state that all company e-mails remain the property of the company and do not have any privacy protection
Answers
The correct answer is that email policies should clearly state that all company emails remain the property of the company and do not any privacy protection.
Email policies should be established by any company that provides emails for its employees. This policy should provide all of the companies rules and regulations regarding email.
Answer:
The correct answer is letter "D": clearly state that all company e-mails remain the property of the company and do not have any privacy protection.
Explanation:
Establishing a well-defined set of rules on e-mails use within a company may help to reduce the number of workers using corporate e-mail for personal uses. For that purpose, it must be stated that the e-mail and all messages coming in and going out from it is part of the company's property, so even if each employee may have their own corporate e-mail it does not imply that their account could be subject of an audit without prior notice.
Which of these actions could constitute a breach of the Civil Rights Act?
Answers
E. The Human Resources department did not promote Fatima because they thought that she would not be able to travel as frequently because she has two young children.
The key here is Fatima's "family status," which is a class of rights that protects parents from being discriminated against just because they chose to have children.
Answer:
E. The Human Resources department did not promote Fatima because they thought that she would not be able to travel as frequently because she has two young children.
Explanation:
Patricia owns a small real estate business a week ago she showed an apartment to a couple who just moved into the city the couple stated that they could afford the apartment .Patricia showed them another apartment ,which was more expensive however it was fully furnished Patricia claimed that the could could be getting more value for the second apartment even though they might have to pay a larger amount of money the couple eventually ended up purchasing he furnished apartment .which type of business model did Patricia follow in this example ?
A.Upselling
B.Subscription
C.Freemium
D.Franchise
Answers
This Upselling, convincing customers to spend more or buy more expensive options.
Answer:
upselling is the right answer
Explanation:
when merging use your turn signal and then check what before merging into the interstate
Answers
Your mirrors seems like the best option here
When merging onto an interstate, after using your turn signal, it's crucial to check your mirrors and blind spots. Ensuring safe speed and distance for merging reduces accidents, as does the presence of a traffic signal. Pedestrian safety and traffic management are other considerations at intersections.
Explanation:When merging onto the interstate, after using your turn signal, you need to carefully check your mirrors and blind spots for any existing traffic. It's essential to ensure both a safe distance and speed to match the flow of traffic on the interstate. Along with this, you should consider the behaviour of other vehicles, as many vehicles speed through the intersection without regard to the posted speed limit.
A traffic signal would indeed make vehicles slow down, promoting safer merging into the traffic flow and reducing the chances of accidents.
Besides merging onto the interstate, pedestrian safety around intersections is also a concern. As pedestrians, students, and others have to cross intersections to get to and from places, they often have to dodge traffic, leading to unsafe situations. Traffic signals can help manage this by providing safe crossing times.
Ultimately, it's worth noting that according to recent police reports, a substantial number of traffic accidents occur, implying the need for better traffic control measures and safe driving practices.
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Harry runs a small catering business. He takes care of most business activities on his own with the help of a few staff members. He has a limited number of clients. Recently, one of the clients has claimed that Harry has failed to follow the terms and conditions of their business contract. The client is threatening to sue Harry for a breach of contract. Which crucial business function has Harry failed to perform?
A. finance
B. legal
C. human resources
D. marketing
Answers
Legal.
Harry should have consulted with a small business attorney when creating the contract and agreeing to the terms. Now that there is threat of a lawsuit, Harry should consult an attorney to figure out how to proceed.
Harry, who runs a small catering business, failed to fulfill the terms of the business contract indicating a failure to adhere to the legal aspect of the business. As a result, he is facing potential lawsuits.
Explanation:In Harry's small catering business, he is primarily responsible for handling all the crucial business functions. One of these functions is the legal aspect. In this case, Harry has allegedly failed to fulfill the terms and conditions of the business contract, suggesting a failure in the legal aspect of his business activities. Therefore, the correct answer is B. Legal.
Business contracts are a crucial part of any business activity. They provide a legal framework for interactions between businesses and their clients. If a business fails to adhere to the agreed terms and conditions, it is a data breach, and can potentially lead to legal action like the impending lawsuit against Harry.
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Match each scenario with the step in the home-buying process it describes.
1)prequalification
2)appraisal
3)closing
4)inspection
A)Jane has to pay fees to process and complete her home purchase.
B)The bank gets an independent value on a house.
C)A licensed professional finds mold in the basement.
D)Jane has had her financial status verified and gets a mortgage estimate.
Answers
A)Jane has to pay fees to process and complete her home purchase. Closing
B)The bank gets an independent value on a house. appraisal
C)A licensed professional finds mold in the basement. inspection
D)Jane has had her financial status verified and gets a mortgage estimate. prequalification
Answer:
for plato
Explanation:
What is an amount of money multiplied by the interest rate and the amount of time that the money will be earning interest? Present value Future value Past value None of the above
PLZ HURRY I NEED HELP
Answers
This is future value by defnition
Answer:
Future value
Explanation:
it is right i took quiz and i got it right
A company dealing in sports apparel and footwear is looking to advertise its products. At an upcoming sporting event, the company decides to pay a sum of amount to the organizers of the event to display the company’s ads at the event.
This marketing tool is called ________?
Answers
This marketing tool is called sponsorship.
The company is trying to advertise its apparel through sponsorship. Through this sponsorship, the company’s name will be prominently displayed at the event.
Answer:
sponsorship
Explanation:
cause i said
You can generally tell that a fish is done when it
A. becomes translucent.
B. turns red.
C. separates easily into segments.
D. looks firm.
Answers
A fish is generally considered done and ready to eat when it separates easily into segments and has a flakier texture that allows it to naturally divide with gentle pressure. The correct option is c.
The question is asking when a fish is generally considered done and ready to eat. We can tell that a fish is done and ready to eat when it separates easily into segments. Raw fish is translucent and becomes more opaque when it is cooked properly. When fish is cooked, its texture changes and it becomes firmer and flakier, allowing it to easily separate into segments with the gentle pressure of a fork. It is not correct that a fish is done when it becomes translucent, turns red, or simply looks firm without the ability to flake apart.
Option C, which states 'separates easily into segments,' best fits the description of a cooked fish, as a fish's meat will typically flake away along the natural lines in its flesh when it has reached the proper level of doneness.
Which phrase correctly defines consumer segmentation?
A. segregating a market into subdivisions of consumers that have common needs
B. segregating a market into subdivisions of producers that belong to a common religious background
C. segregating a market into subdivisions of consumers that are randomly chosen
D. segregating a market into subdivisions of stakeholders that belong to a common country
Answers
Segregating a market into subdivisions of consumers that have common needs. In business we are trying to satisfy wants and needs. We put consumers in groups based on their charecteristics and to best satisfy them.
Consumer Segmentation refers to the process of dividing a market into groups of consumers with common needs, which allows businesses to target their products or services more effectively. The correct phrase would be 'segregating a market into subdivisions of consumers that have common needs'.
Explanation:The correct phrase that defines consumer segmentation is: 'segregating a market into subdivisions of consumers that have common needs'. This term is used in marketing and refers to the process of dividing a market into distinct groups of buyers who might require separate products or marketing mixes. Each segment has a common set of needs, wants, or demand characteristics. The purpose of consumer segmentation is to allow a business to better target its products or services to the right customers, ultimately improving business performance.
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In 2 or 3 sentences, define price discrimination and give one example
Answers
Price discrimination is charging a different price for the same product. The idea is this will get higher revenues from less price sensitive consumers while still reaching those who are more price sensitive. Hotels and airline tickets are a good example.
Price discrimination refers to a business and marketing strategy in which a business charges customers differently based on what the business owner believes customers are willing to agree to. This is often done by dividing customers in groups that share common characteristics, and then charging a different price for the same product in each of these groups.
An example of this is the sale of airplane tickets. When tickets are in high demand, prices go up. On the other hand, if tickets are not selling well, these decrease. However, prices can also change based on a person's age, his loyalty to the airline or through the use of coupons. This means that people often end up paying very different prices for the same flight.