Hemming co. reported the following current-year purchases and sales for its only product. date activities units acquired at cost units sold at retail jan. 1 beginning inventory 200 units @ $10 = $ 2,000 jan. 10 sales 150 units @ $40 mar. 14 purchase 350 units @ $15 = 5,250 mar. 15 sales 300 units @ $40 july 30 purchase 450 units @ $20 = 9,000 oct. 5 sales 430 units @ $40 oct. 26 purchase 100 units @ $25 = 2,500 totals 1,100 units $ 18,750 880 units required: hemming uses a periodic inventory system. (a) determine the costs assigned to ending inventory and to cost of goods sold using fifo. (b) determine the costs assigned to ending inventory and to cost of goods sold using lifo. (c) compute the gross margin for each method.
Answers: 1
Business, 21.06.2019 18:50
You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 − q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?
Answers: 3
Business, 22.06.2019 01:00
Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.
Answers: 3
Business, 22.06.2019 11:00
How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b
Answers: 1
Hemming co. reported the following current-year purchases and sales for its only product. date activ...
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