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ozzi
2 years ago
6

Bernice’s has $823,000 in sales. The profit margin is 4.2 percent and the firm has 7,500 shares of stock outstanding. The market

price per share is $16.50. What is the price-earnings ratio?
Business
1 answer:
kipiarov [429]2 years ago
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A company had beginning inventory of 5 units that cost $10 each. During the month, 15 units were purchased for $11 each. The com
zysi [14]

Answer:

True

Explanation:

Using FIFO,

Under First in First out method, items that were purchased first will be availed for sale first.  In this case, the opening stock of 5 at $10 items will be sold first.  An additional 7 units will be required from the next batch of purchases at $11.

The costs of the first 12 units will be

=(5 x 10)+ (7 x 11)

=50 +77

=$127

With LIFO, the items acquired last will be sold first. In this case, the 12 items sold will come the batch of 15 purchased at $11 in the months

Using LIFO, the cost of goods available for sale.

=12 X $11

=132

The difference is the costs of goods available for sale is $ 5, with FIFO having a lower cost. It means FIFO profits will be $5 more.

3 0
2 years ago
The Mars Reconnaissance Orbiter (MRO) flies at an average altitude of 280 km above the martian surface. If its cameras have an a
joja [24]

The answer & explanation for this question is given in the attachment below.

8 0
2 years ago
Swifty Inc. had beginning inventory of $11,000 at cost and $19,800 at retail. Net purchases were $122,300 at cost and $184,200 a
Roman55 [17]

Answer:

Ending inventory at cost = $42,098

Explanation:

As per the data given in the question,

                                         Cost price         Retail price

Beginning inventory           $11,000           $19,800

Purchases                         $122,300          $184,200

Net Markups                                               $11,000

Totals                               $133,300           $215,000

Cost of retail ratio = $133,300 ÷ $215,000

= 62%

Retail price total $215,000

Less: Net Markdowns $7,000

Total goods at retail $208,000

Less: Sales $140,100

Ending Inventory at retail $67,900

Ending inventory at cost = $67,900 × 62%

= $42,098

6 0
2 years ago
A coworker tells you that she put the wrong meeting date in a recent e-mail to an investor; subsequently, the investor missed th
arsen [322]

Answer:

C. Accept responsibility.

Explanation:

The readers are more open to bad news when they recognize someone else benefits or for themselves.

6 0
2 years ago
Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data
almond37 [142]

Answer:

The factory overhead allocated per unit of Blinks is b.$19.50

Explanation:

It is Important to note that  Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs based on direct labor hours.

A plant Wide Overhead rate is a function of the Total Overheads of a Company divided by the Total Labor Hours in the Company

<u>Total Overheads:</u>

Fabrication Department  $84,000

Assembly Department     $72,000

Total                                 $156,000

<u>Total Labor Hours :</u>

Fabrication Department                                             0

Assembly Department ( 1,000 × 4) + (2,000×2)     8,000

Total                                                                          8,000

Note :  <em>labor hours take place only in the Assembly Department</em>

<u>Plantwide overhead rate :</u>

Plantwide overhead rate = Total Overheads / Total Labor Hours

                                           =  $156,000 / 8,000

                                           =  $ 19.50

7 0
2 years ago
Read 2 more answers
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