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kari74 [83]
2 years ago
6

A company just starting business made the following four inventory purchases in June: June 1 150 units $2.60 each $ 390 total co

st June 10 200 units 2.925 585 June 15 200 units 3.15 630 June 28 150 units 3.4 510 Cost of Good Available for Sale $2,115 A physical count of merchandise inventory on June 30 reveals that there are 300 units on hand. Using the LIFO inventory method, the value of the ending inventory rounded to a dollar on June 30 is Group of answer choices a.975 b.983 c.1,140 d.829
Business
1 answer:
ELEN [110]2 years ago
7 0

Answer:

d. 829

Explanation:

The computation of the ending inventory using the LIFO method is shown below:            

Since there are 300 units in hand which reflects the ending inventory units so

= 150 units ×$2.60 + 150 units  $2.925

= $390 + $438.75

= $828.75

i.e d. 829

So 150 units is taken from June and the remaining units i.e 150 units are taken from June 10

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oksian1 [2.3K]

Answer and Explanation:

A lot of the information and suggestions in this section assume a staff of at least five or six members, which is the number at which sustaining internal communication can become particularly difficult. This is not meant to imply that smaller organizations don't have internal communication needs, or that the need for good internal communication is any less in an organization with three staff members than in one with 30. If your staff is larger than one, internal communication is an issue that you can't afford to ignore. Most of the material that follows is relevant to small organizations as well as large ones. This section will help you establish an atmosphere and set up systems that will lead to good internal communication and to the effectiveness of your organization.

7 0
2 years ago
It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the th
Zanzabum
<span>It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the three years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. what is the payback period of the ice cream cart? 
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6 0
2 years ago
Stealth bank has deposits of $600 million. It holds reserves of $30 million and government bonds worth $80 million. If the bank
kiruha [24]

Answer:

its total assets equal to  $510 million,

Explanation:

Total assets = Loans + Bonds + Reserves

                    = $400 million + $80 million + $30 million

                    = $510 million

Therefore, its total assets equal to  $510 million,

7 0
2 years ago
Bret Rockford bought a home with a 11.5% adjustable rate mortgage for 20 years. He paid $10.67 monthly per thousand on his origi
Anastaziya [24]

Answer:

$746.90

Explanation:

The old monthly payment can be derived from the information given in the scenario:

It says that ''at the end of 1 year he owes the bank $70,000'' and we are also told that ''he paid $10.67 monthly per thousand on his original loan.''      

Logically then, the old monthly payment = $10.67 per $1,000 into $70,000      

Old monthly payment = ($70,000 /  $1,000) x $10.67

which is 70 x $10.67 = $746.90

4 0
2 years ago
Read 2 more answers
Rather than hiring a receptionist, a real estate agency decided to use an administrative services company to contract someone fo
Komok [63]

Answer:

outsourcing

Explanation:

Outsourcing is the process where the company wants to hire someone for the completion of the organization work in order to save the cost of the company

here is the given situation, is hiring a permanent receptionist, it is better to contact someone for work in some selected days during each week so that the work of the company could not be stopped also the firm can save the cost

Hence, the third option is correct

7 0
2 years ago
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