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mojhsa [17]
2 years ago
10

Powers Corporation has provided the following information for its most recent month of operation: sales $16,000; ending inventor

y $4,000, purchases $8,000 and gross profit $10,000. How much was Powers' beginning inventory
Business
1 answer:
Elza [17]2 years ago
7 0

Answer:

The beginning inventory was  $2000.

Explanation:

First, we need to calculate the Cost of Goods sold. The cost of Goods sold is the difference between the Sales and the gross profit. Thus, the cost of goods sold is 16000 - 10000  =  $6000

The value of the beginning inventory for the period can be calculated by using the Cost of Goods sold formula. The cost of goods sold is calculated as:

Cost of goods sold = Beginning inventory + Purchases - Closing Inventory

Plugging in the available figures in the formula,

6000  =  Beginning Inventory  +  8000  -  4000

6000 = Beginning inventory + 4000

6000 - 4000 = Beginning Inventory

Beginning Inventory = $2000

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andreev551 [17]
The intrinsic value of a call option can be calculated by subtracting the strike price from the market price ($108-$110=?). Therefore the intrinsic value of John's call option is $-2 or 0.
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2 years ago
Oriole Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cos
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Answer:

$1.2 per mile

Explanation:

Computation of the variable cost per mile using the high-low method

Using this formula

Variable cost per mile = (Highest activity cost - Lowest activity cost)/(Highest activity - Lowest activity)

Let plug in the

Variable cost per mile= (14,721 - 13,503)/(8,510 - 7,495)

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Therefore the Variable cost per mile will be $1.2 per mile.

6 0
2 years ago
The last stage of Monsanto’s commercialization path involved Select one: a. sustainability as a corporate goal b. promises of fu
eduard

Answer:

The correct answer is  c. competition from DuPont

Explanation:

7 0
2 years ago
To increase tax revenue, the U.S. government imposed a 2-cent tax on checks written on bank account deposits in 1932 (in today's
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Answer:

b. Under this check tax, the money supply would have increased, because the currency-deposit ratio increased, which in turn increases the money multiplier.

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5 0
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Which of the following is an example of nonassertive behavior in a Western culture?A. Briefly gathering your thoughts before res
OLga [1]

Answer:

B. Avoiding eye contact when talking to people.

Explanation:

There are some people who do not have control over themselves. Oftentimes, others take undue advantage over them because they lack self confidence, and most often than not, do not always take charge of interpersonal relationships. This type of behavior is called non assertiveness.

Non assertive people easily gets influenced by people hence are termed as being manipulable. Some of the causes are ; lack of motivation, having high regards or expectation of others, always dwelling on the past, lack of focus on what they intend to achieve etc. However, this type of behavior can be corrected through constant feedback to whoever that is involved. Also, such people should be treated respectfully by giving them the attention they required.

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