Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 34 $9 $306 15 Purchase 26 10 260 24 Purchase 40 11 440 Total 100 $1,006 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $Enter the Weighted-average unit cost in dollars eTextbook and Media Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at May 31 $Enter a dollar amount $Enter a dollar amount $Enter a dollar amount
Answers
Answer:
The average cost will be "$201". The further explanation is given below.
Explanation:
At May 31, FIFO LIFO Average cost
The ending inventory $220 $180 $201
Going to end Inventory Computation together under Quarterly inventory management system will be:
At $11 = $220
- FIFO = 20 Units
At $9 = $180
- LIFO = 20 Units
- Average Cost = 20 Units
$10.06 = $201.2 i.e $201.
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A company has the following balances on December 31, 2021, after year-end adjustments: Accounts Receivable = $62,300; Allowance for Uncollectible Accounts = $6,500.Calculate the net realizable value of accounts receivable t realizable
The bonds issued by Stainless Tubs bear a 6 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $989. What is the yield to maturity
Problem 10-13 (Algorithmic) Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,800 copies. The cost of one copy of the book is $13.5. The holding cost is based on an 17% annual rate, and production setup costs are $135 per setup. The equipment on which the book is produced has an annual production volume of 26,000 copies. Wilson has 250 working days per year, and the lead time for a production run is 14 days. Use the production lot size model to compute the following values: Minimum cost production lot size. Round your answer to the nearest whole number. Do not round intermediate values.
We learned about Cost-Volume-Profit analysis. Review a few of the break even examples in the chapter. 1. If only the selling price per unit of a product increases (variable cost per unit and total fixed costs do not change), does the breakeven point increase or decrease?2. Using Break Even Analysis, provide a unique mathematical example to support you answer. (Calculate the breakeven point for a base example, then increase the selling price and re-calculate your breakeven point.) Label all numbers in your examples."
Answers
Answer:
1.8pesos
2.Price of Spam in Ecteria as well as in Wiknam will increase
Explanation:
8 Pesos per dollar=16/2=8pesos
Ans for 2)
Price of Spam in Ecteria as well as in Wiknam will increase
Answers
Answer:
The correct answer is D.
Explanation:
Giving the following information:
The fixed cost per unit is $7 when 25,000 units are produced and $5 when 35,000 units are produced.
Total fixed costs= 7*25,000= 175,000
Total fixed costs= 5*35,000= 175,000
Fixed costs= $175,000
Changing the U.S. currency system could destabilize the economy.
The Federal Reserve helps stimulate economic growth during depressions and recessions.
The Fed worsens economic depressions.
Poor management by the Fed has led to two major financial crises in the U.S. in the last 100 years.
The Federal Reserve is best equipped to supervise large firms and banks.
A more independent financial market is generally healthier and more stable.
The Fed does not have the knowledge necessary to make good decisions about interest rates.
Answers
The Federal Reserve uses its policy tools to carry out monetary policy, which largely affects employment and inflation. Yet regardless of how it may sound, it usually comes down to changing the amount of money available in the market to produce a particular level of inflation.
How does the economy fare once the Fed raises interest rates?
The Fed increases interest rates to reduce aggregate demand and slow the flow of money through the economy. Higher interest rates will result in less demand for products and services, which should result in reduced prices for those things and services.
How does the Fed respond to rising inflation?
She warned before of the Fed meeting that it would continue to rapidly hike rates if inflation remained stubbornly high. According to this scenario, housing prices could increase to 8% or more in the latter part of 2022 and the beginning of 2023.
To know more about Federal Reserve Visit:
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Answers
Answer:
162075.97 dollars.
Explanation:
The time period of annuity = 15 years
Annuity amount = $1300 per month
The interest rate for the first six-year = 10%
Monthly interest rate = 10% / 12 = 0.83%
Thus number pf periods = 6 * 12 = 72
Interest rate for another 9 years = 8%
Monthly interest rate = 8% / 12 = 0.67%
Number of period = 8 * 12 = 96
Use the below formula to find the present value of the annuity.
Answers
Answer:
$2,040,000
Explanation:
Annual Interest calculation
Interest = Par/Face Value × Coupon Rate
= $17,000,000 × 12.0%
= $2,040,000
Therefore, interest to be paid annually on these bonds is $2,040,000.
Answers
Answer:
(a) Journal entry for Arness Woodcrafters
Dr Cash 273,000
Dr Receivable from factor 9,000
Dr Loss on sale of receivables 26,000
Cr Accounts receivable 300,000
Cr Recourse factor 8,000
the amount of cash received = $300,000 x (1 - 6% - 3%) = $273,000
receivable from factor = $300,000 x 3% = $9,000
loss on sale = accounts receivable + recourse factor - cash - receivable = $300,000 + $8,000 - $273,000 - $9,000 = $26,000
(b) Journal entry for Commercial Factors
Dr Accounts receivable 300,000
Dr Recourse receivable 18,000
Cr Cash 273,000
Cr Accounts payable 9,000
Cr Recourse revenue 36,000