Answer:
Ending inventory cost= $1,494
Explanation:
Giving the following information:
Beginning Inventory: 300 $780
Purchases:
May 10: 400 units for $1,170
June 15: 500 units for $1,260 ($2.52 per unit)
August 28: 300 units for $990 ($3.3 per unit)
The company had 500 units were in its ending inventory at the end of the year.
Under FIFO (first-in, first-out), the ending inventory cost is calculated using the cost of the last units incorporated.
Ending inventory cost= 300*3.3 + 200*2.52= $1,494
<span>To find earnings per share, simply divide the company's net income by the number of shares that are outstanding. In this case, the values are $280,000/80,000. This gives a value of $3.50 for the earnings per share outstanding. Dividends, in this case, are not necessary for the calculation.</span>
<span>Most Ski resorts will try to extend the ski season as long as possible. This is because they are only going to earn money if they are open for business. In this case, the ski mountain is closing early in March instead of waiting until a more traditional time of year, probably late spring. While there may be a few reasons why the ski mountain might chose to close early even though there is sufficient snow this year, it is likely that this is a financial decision. If the ski mountain is not able to turn a profit, that is the most likely reason they will shut down early. If it is costing more to the keep the resort open then they can earn by staying open a few more weeks, then it would make sence to just shut down early.</span>
Answer:
$7,000
Explanation:
Data provided in the question:
Beginning balance = $2,000
Office Supplies expenses = $8,000
Ending balance = $1,000
Now,
Let the amount of office supplies purchased be 'x'
Therefore,
Ending balance = Beginning balance + Purchases - Office Supplies expenses
or
$1,000 = $2,000 + x - $8,000
or
$1,000 = - $6,000 + x
or
x = $7,000
Answer:
It will need to collect 800`s $15 class
Assuming 4 clases per month
200 student
Explanation:
15 - 6 = <em>9 Contribution Margin</em>
<em />
<em>Fixed Cost</em>
2 employee 2,400
mayor salari 1,800
equipment dep 1,000
utilities 240
Total fixed 5,440
(5,440+1,760)/9 = 800
