The following information is available for Water Inc. Date Units Unit Cost January 1, 2020 (beginning inventory) 100 $50.00 Purchases: January 10, 2020 75 52.00 January 15, 2020 150 52.50 January 30, 2020 100 55.00 The company maintains a periodic inventory system. A physical count shows 125 units in stock on January 31. What is (a) ending inventory on January 31, and (b) cost of goods sold for January, using the FIFO inventory method

Answers

Answer 1

Answer:

125 and $15,156.6

Explanation:

The end inventory us 125 units and thus 300 units were sold


Related Questions

Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for smartphones. Based on market research, she can sell about 50,000 units during the first year at a price of $4 per unit. With annual overhead costs and operating expenses amounting to $145,000. Jamie expects a profit margin of 20 percent. This margin is 5 percent larger than that of her largest competitor, Apps, Inc.

Suppose that Jamie’s estimated selling price is lower than originally projected during the first year. How much revenue would she need in order to earn:

Positive accounting profits?

Positive economic profits

Answers

Answer:

Accounting costs = $145,000 (annual overhead costs and operating expenses)

Implicit cost = $75,000 (Value of Salary Given Up)

Opportunity cost = $220,000 (Accounting Costs + Implicit Costs)

Revenue needed to earn positive accounting profits = at least $145,000 (more than accounting costs)

Revenue needed to earn positive economic profits = at least $220,000 (more than opportunity cost)Explanation:

As an Austrian–Thai company, Red Bull has done a remarkable job of positioning itself internationally by coming across as a local company in every country where Red Bull is sold. Would you be more or less likely to buy Red Bull knowing the brand is Austrian but with a strong Thai influence? Does it generally matter to consumers where a product originates from?

Answers

The origination of a product doesn't really matter when the company's brand plays an important role in the improvement of sales.

A brand refers to the business concept or the marketing concept that's used by people to identify a product. A brand is important as it makes one unique from other companies.

The fact that the brand of Red Bull is Austrian but has a strong Thai influence can't have a negative effect on the sales or the revenue of the company since the brand is well-known and has an international customer base.

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construct a quadriteral PQRS, given that QR=4.5cm PS=5.5cm,RScm5cm and diagonalPR=5.5cmand diagonal SQ=7cm​

Answers

Answer:

The quadrilateral is drawn above

A local government began the year with a portfolio of securities with an historical cost of $1,200 and a fair value of $1,240. During the year the government acquired an additional security at a cost of $260 and sold for $200 a security that had an historical cost of $172 and a fair value at the beginning of the year of $190. At the end of the year, the securities portfolio had a fair value of $1,330. The amount that should be recognized on the financial statements for the year as investment income is:________

Answers

the answer is 0 because if he did that and then did this that means he finished and got 0

The second issue you chose to address with Kenisha is the complexity of the product. The marketing department conducted numerous focus groups to gauge their reaction to the prototype, and the feedback from these focus groups revealed that customers perceived the product to be too complicated and not sufficiently user-friendly. Which of the following statements would be the best explanation for the rejection based on the focus groups' feedback that the product was too complex?

a. The good news is that you've put a lot of great features in the Radio-DRM. The bad news is that focus group customers thought that it was about as complicated as programming the Starship Enterprise. They don't want to spend hours adjusting dials and knobs; all they want to do is plug it in and set a few controls.
b. The customers in the focus groups thought this product is just too complicated! You're building a cruise ship when a simple rowboat will do. You and your team need to stop over- engineering.
c. The marketing department conducted several focus groups for this prototype, and it looks like there are some problems with its complexity. You need to fix these problems as soon as possible.
d. As you know, the marketing department conducted several focus groups for the prototype. Although there were features customers liked, much of the feedback from customers was that the Radio-DRM needs to be made simpler and more user-friendly.

Answers

Answer:

ushdusbs

Explanation:

espero te si ha bro zorry

Quá trình sản xuất mà ở đó người ta sản xuất và xử lý một khối lượng lớn một loại sản phẩm hoặc một nhóm sản phẩm nào đó. Thiết bị được lắp đặt theo dây chuyền sản xuất làm cho dòng di chuyển của sản phẩm có tính chất thẳng dòng.

Answers

Answer:

uhhh....... ........ English

Answer:

English please?

Explanation:

i dont understand ur language-

Acellus: into to accounting ?

Answers

sorry I don't know this question can you explain it

During each stage of a product's life cycle, the types and levels of sales, profits, and competition rise, peak, and eventually decline.

a. True
b. False

Answers

Answer:

a

Explanation:

this is due to the initial uptake for the product . it levels to repeat customers but others drop off the sales due to other reasons

Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. They have been paying another company to manufacture the boxes for them but are interested in manufacturing the boxes themselves. They’ve developed the following cost estimates:
Sales (100,000 units) $ 1,000,000
Costs: Fixed Variable
Raw Materials $ 0 $ 300,000
Direct Labor 0 200,000
Factory Costs 100,000 150,000
Selling and Administrative
Costs 110,000 50,000
Total Costs $ 210,000 $ 700,000
Operating Income $ 90,000
1. How many units will Gay and Joy need to sell to breakeven?

Answers

If Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.

First step is to determine the selling price

Selling price = $1,000,000 / 100,000 units

Selling price = $10

Second step is to determine the Variable cost per unit  

Variable cost per unit =$700,000 / 100,000 units

Variable cost per unit = $7

Third step is to calculate the Contribution margin per unit using this formula

Contribution margin per unit = Selling price - Variable cost

Let plug in the formula

Contribution margin per unit = $10 - $7

Contribution margin per unit = $3

Fourth step how many units will Gay and Joy need to sell to breakeven

Using this formula

Break even= Fixed cost / Contribution per unit

Break even = $ 210,000 / $3

Break even  =70,000 units

Inconclusion if Gay and Joy developed a neat Bento box for children. The shape of the containers encourages healthy eating, and it is very popular. How many units will Gay and Joy need to sell to breakeven is: 70,000 units.

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Which QuickBooks Online report answers the common business question: "Who owes me money?"

Answers

Answer:

Accounts Receivable Aging report.

Explanation:

Because you're receiving money.

Which of the following best defines the Theory of Constraints? a. The concept of purposely creating barriers in a process in order to evaluate the impact on the workflow b. Maximizing cash flow by minimizing throughput c. A set of principles that focuses on increasing total process throughput by maximizing the utilization of all bottleneck work activities d. Limiting demand in order to better service remaining customers

Answers

In business, the Theory of Constraints is a methodology or set of principles to improve possible constraints or bottlenecks and maximize results (Option B).

In companies, it is common goals or projects are limited by factors such as:

Time.Communication problems.Limited resources.Leadership issues.Among others.

These limitations are known as constraints or bottlenecks. Moreover, the Theory of Constraints proposes these factors can help companies achieve a goal or maximize results if the company focuses on improving these limiting aspects.

This means this theory states the process and results can be increased if the bottleneck activities are also maximized (option B).

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What is the economics

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Economics is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.

Consider that your income has decreased this year from $50,000 to $10,000. You bought 2 quantities of product B last year and decide to purchase 9 quantities of product B this year. Keeping all other factors the same, which statement is correct regarding your income elasticity of demand and product B?

Answers

The statement that is correct regarding the income elasticity of demand and product B is E. The income elasticity of demand is -0.95 and the designer jeans are considered inferior goods.

From the complete question, the elasticity of demand will be calculated thus:

= (9 - 2)(50000 + 10000) / (2 + 9)(10000 - 50000)

= -420/440

= -0.95

Therefore, the income elasticity of demand is -0.95 and the designer jeans are considered inferior goods since it has a negative income elasticity of demand.

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What is millennial behaviour regarding cooking and food trends?

Answers

In considering healthy eating, their report also indicates that millennials have primary importance in transparency around ingredients with 36% wanting to know if products are Australian-owned and grown, followed by whether they are locally grown (31%) and whether products have no additives or preservatives (24%).

At the​ profit-maximizing output​ rate, what is the average total​ cost?

Answers

a. what is the monopolist's profit- maximizing output? 5000 units. The point of intersection of MR and MC or when MR= MC. And when the line is extended on to the demand curve it gives the profit maximizing out put for a monopolist

HOW TO EASILY BUY A PASSPORT ONLINE.
Buy US Passport, Buy EU Passport, Buy Canadian Passport, Buy Australian Passport.
For more information, visit https://www.passportexpeditenetwork.com/

Answers

no dont do this plsssss

In people focus primarily on individual rights, roles, and achievements

Answers

Answer: individual

Explanation:

1. The text (page. 220-221) tells the story of Mr. Jones who sues Mr. Smith for taking his briefcase even though he loses a significant amount of money. It also tells the story of why Mr. Jones will make Mr. Smith an offer above the rational choice prediction if they are considering a joint venture where both must participate or the venture fails. Explain what is causing these deviations from rational choice theory and why some knowledge of the person you are dealing with is important. (20 points)

Answers

These deviations are likely to be caused by emotions and it is important to have information about the person you are dealing with to favor your interests and make the best decision.

The Rational Choice Theory states:

A person will always make decisions to favor himself or herselfDecisions are based on rational calculations

Despite this, individuals might make irrational decisions if:

Emotions External factors

In the case of Mr. Jones, he makes an irrational decision because by suing Mr. Smith he loses more money. This is likely motivated by emotions such as a desire for justice or a desire to revenge.

Moreover, in this situation, it is shown Mr. Jones does not have enough information about the person he is dealing with (Mr. Smith) and this lack of knowledge does not allow him to make the best decision possible.

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How would you balance demands from different stake holders that are at
variance with each other?

Answers

Be sure that stakeholder requirements can be met in the objectives. ...
Prioritize requirements. ...
Resolve conflicts between stakeholder requirements. ...
Let the customer requirements take precedence. ...
Ask for Management Support.

Nicole and Larry have decided to perform the landscaping of their new home by themselves. They also plan to take a do-it-yourself class at a local home store so they can replace the tile in the master bathroom without using a contractor. The effect of performing these tasks themselves will result in an increase in their:

Answers

The effect of performing these tasks themselves will result in an increase in their sweat equity.

Sweat equity is simply known as the interest gotten by the owner or increase in worth that is brought about by direct input of hard work by the owner(s).

It is the one method that is mostly adopted in building equity for low-cash entrepreneurs in their start-up ventures due to the fact that they lack the capability to aid much financial capital to their business.

Conclusively, This sweat equity helps individuals or companies to get funds without having more debts while for the workers, it is a case of high risk to get high reward.

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Pacific Ink had beginning work-in-process inventory of $1,070,790 on October 1. Of this amount, $436,900 was the cost of direct materials and $633,890 was the cost of conversion. The 65,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs During October, 136,000 units were transferred out and 47,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,390,200 for direct materials and $4,343,130 6.00 points
Required
(1) Compute the equivalent units for the materials and conversion cost calculations.
(2) Compute the cost per equivalent unit for direct materials and for conversion costs using the weighted-average method. (Round your answers to 2 decimal places.) Officulty 2 Medium Objective: 08-0 600 points Compute the costs of goods transferred out and the ending inventory using the weighted- average method. (Round intermediate calculations to 2 decimal places.) Ending inventory

Answers

Answer:

hello dummy

Explanation: hoy hoy hoy

Explain 3 factors that change supply elasticity.

Answers

Answer:

There are numerous factors that impact the price elasticity of supply including the number of producers, spare capacity, ease of switching, ease of storage, length of production period, time period of training, factor mobility, and how costs react.

Bramble Corp. is planning to sell 200 buckets and produce 880 buckets during March. Each bucket requires 100 grams of plastic and one-half hour of direct labor. Plastic costs $ 10 per 100 grams and employees of the company are paid $ 18 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Bramble has 1000 kilos of plastic in beginning inventory and wants to have 1000 kilos in ending inventory. How much is the total amount of budgeted direct labor for March

Answers

Similar to yours just watch solve. Hope it helps

HELPPP Why do many business owners avoid market research? Question 14 options: They're afraid of hearing any negative feedback. They don't know how to do it. They're unwilling to take the time. They're shy.

Answers

Answer:

they are afraid of hearing any negative feedback

This interview type is used to determine which applicants have the nu
next level of interviews.
a. Group interview
b. Performance interview
C. Stress interview
d. Screening interview
0 0
Please select the best answer from the choices provided
O A

Answers

D. screening interview

hope it helps

Lynx Inc. sells apparel merchandise to Dyson Inc. at a gross sales price of $980, credit terms 2/10, n/30 on July 10, 2020. Dyson pays for the merchandise in full on July 19, 2020.

Required:
Record the entries required on July 10, 2020, and July 19, 2020, for Lynx Inc. Assuming use of the gross method in accounting for credit sales. Omit the cost of goods sold entry.

Answers

Answer:

Explanation:

July 10

Dr. Accounts Receivable (98% of sales because of 2% discount)   960

Cr. Sales Revenue  960

July 19  

Dr. Cash   960

Cr. Accounts Receivable    960

 

Which of the following types of business ownership has the highest personal liability risk?
A.
A partnership
B.
A sole proprietorship
C.
A C corporation
D.
An LLC

Answers

Answer:

A C corporation

Explanation:

Answer:

A.partnership

I have picked out A because in a partnership business,one is responsible for the progress of the business and when the business is in debts,he can even sell his personal property to cover up the loss made

Hugh has experience as a firefighter and a degree in chemistry. What company might be interested in hiring Hugh

Answers

Considering Hugh's experience as a firefighter and a degree in chemistry, the company that might be interested in hiring Hugh is "Fire Protection System Suppliers."

This is because Fire Protection System Suppliers are the companies that provide, manufacture or sell fire fighting products and equipment.

With his knowledge of chemistry, Hugh would understand and know the right chemical and equipment to use in fighting fire faster.

Some of the Fire Protection System Suppliers in the United States include the following:

Koetter Fire Protection, Amerex Corp., Telgia, USA Fire Protection, etc.

Hence, in this case, it is concluded that the correct answer is Fire Protection System Suppliers.

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Answer: A State Agency Looking For A Fire Inspector

Explanation: i just took a quiz and that was the right answer

Which of the following represents a parallel multi-instance task?

Many customers watching one movie.
One employee taking an order while another collects payment in a drive-through.
Two baristas working at a Starbucks counter.
One employee taking pizza orders.

Answers

Answer:

One employee taking an order while another collects payment in a drive-through

One employee taking an order while another collecting payment in a drive-through represents a parallel multi-instance task.

The answer is option B.

What is a parallel multi-instance task?

Multi-instance activities are denoted via three parallel strains at the lowest center of the hobby/task image. Its cause is to expose that the activity occurs for a set of items or items.

The variety of instances that the hobby completes is defined with the aid of the number of objects that exist within the collection.

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#SPJ2

3. Identifying the Problem, Defining the Purpose, and Collecting Data Business reports require planning. Before you begin writing a report, you should define the project and gather data. In order to determine the problem your report will help to solve, you should first . What are the typical sources for gathering factual data for informal reports

Answers

The first step to show the problem the report focuses on is writing a clear problem statement. On the other hand, the most common sources for informal reports include observations, electronic sources, and printed materials.

In companies, the purpose of most reports is to describe or a process in a detailed way. In the case of reports that focus on problems, these reports aim at explaining through accurate data a problem or issue in the company.

One of the first elements in these reports is a clear problem statement, this means the problem the reports explain is summarized in a short but clear and accurate statement. This statement is usually one of the first elements in the report because it helps the writer know what the report is about.

On the other hand, reports need to illustrate and explain the problem based on realistic and accurate data. Because of this to write a report sources such as articles, observations, printed documents, etc.

In the case of informal reports the most common sources are:

Observations: Information you obtain by monitoring a process or phenomenon.Electronic sources: Information related to the problem found on the internet or in electronic records.Printed materials: Documents such as letters, reports, etc. that provide information about the problem.

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