The cost of the ending inventory using the FIFO method is $5,860, and the cost of the ending inventory using the LIFO method is $7,395.
To calculate the ending inventory of Novak Corp. using the FIFO and LIFO methods, we need to consider the purchases made and the quantity on hand. The purchases were as follows:
1. Purchase of 260 units at $5 per unit.
2. Purchase of 420 units at $6 per unit.
3. Purchase of 405 units at $7 per unit.
Given that there are 175 units on hand, and assuming a periodic inventory system, we can calculate the cost of the ending inventory using each method.
FIFO Method:
Under the First In First Out method, the cost of the earliest purchases is assumed to be that of the units sold. The calculation for the cost of the ending inventory (FIFO) is as follows:
Cost of ending inventory (FIFO) = (Quantity of the most recent purchase × Unit cost of the most recent purchase) + (Quantity of the second purchase × Unit cost of the second purchase) + (Quantity of the first purchase × Unit cost of the first purchase) + (Quantity of the beginning inventory × Unit cost of the beginning inventory)
Quantity | Cost per unit | Total cost
-------------------------------------------------
260 | $5 | $1,300
420 | $6 | $2,520
405 | $7 | $2,835
Total | | $6,655
Therefore, the cost of the ending inventory using the FIFO method is:
Cost of ending inventory (FIFO) = [(405 × $7) + (420 × $6) + (175 × $5)] = $5,860
LIFO Method:
Under the Last In First Out method, the cost of the latest purchase is assumed to be that of the units sold. The calculation for the cost of the ending inventory (LIFO) is as follows:
Cost of ending inventory (LIFO) = (Quantity of the beginning inventory × Unit cost of the beginning inventory) + (Quantity of the second purchase × Unit cost of the second purchase) + (Quantity of the first purchase × Unit cost of the first purchase) + (Quantity of the most recent purchase × Unit cost of the most recent purchase)
Quantity | Cost per unit | Total cost
-------------------------------------------------
260 | $5 | $1,300
420 | $6 | $2,520
405 | $7 | $2,835
Total | | $6,655
Therefore, the cost of the ending inventory using the LIFO method is:
Cost of ending inventory (LIFO) = [(175 × $5) + (420 × $6) + (490 × $7)] = $7,395
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A 6. 75% coupon bond with 13 years to maturity can be called in 2 years. The call premium is one year of coupon payments. It is offered for sale at $929. 75. What is the yield to call of the bond? interest payments are annual and par value is $1,000.
The yield to call of the bond at 6.75% is of 3.26% at call value of $929.
What is yield to call ?Yield to call (YTC) is a term used in finance to describe the return a bondholder will earn if they stay onto the bond until the call date, which happens before it matures. The compound interest rate at which the present value of a bond's future coupon payments and call price equals the bond's current market price may be used to compute this figure.
Callable bonds, a type of financial instrument that enables bond holders to redeem their bonds at a price known as the call price on a date known as the call date, or the bond issuer to repurchase the bonds, are subject to yield to call. By definition, a bond's call date comes before its maturity date in time.
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Describe the importance of the OSHA and what help they provide for small companies.
Answer:
OSHA's role is to assure the safety and health of America's workers by setting and enforcing standards; providing training, outreach, and education; establishing partnerships; and encouraging continual process improvement in workplace safety and health
Measuring conversions is a good way to calculate your ROI. Which of the following is a commonly calculated conversion? a shares, b sediment, c downloads, d likes
A commonly calculated conversion from the list is shares. The answer to this question is option a.
What are shares?Shares can be described as a unit that is called mutual funds. The owner of a share is regarded as a shareholder.
Shares can be converted to be money. Therefore it is the best answer to this question.
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Project: Pet Grooming Website
You have a pet grooming business and want to create a new website. You want the website to have a video of your office, some pictures of your dog groomers, some testimonials from clients, a list of your prices, a description of your services, and a place to buy gift certificates or pre-pay for services. You want the site to use your color scheme, which is brown and black.
You decide to use a web development company. When you make the appointment, the receptionist tells you that you will meet with their project manager.
When you meet the project manager, she asks you for a good bit of detailed information. You decide that your budget will be $50,000. The project manager believes this will be a good budget because it will cost $20,000 for the web developer, $10,000 for the graphic artist, $5,000 for the photographer, $5,000 for the web hosting service, $5,000 to make the video, and $5,000 for various other expenses.
She explains that you will need to provide them with a list of clients that would be willing to participate as examples or provide testimonials. She warns you that they may expect to be paid for their participation and that there will need to be legal releases signed. She says that this will need to be done first.
Then, they will have the video company make the video and the photographer take the pictures. After this, the graphic artist can put together something for the web developer to create. All in all, the project should take about a month to complete.
Assignment
You will create a project plan document. The document will not be highly detailed. The information provided in the scenario above will be enough to create the document. You may have to guess or make up some of the details. You will not be graded on the accuracy of the details; instead, you will be graded on the project plan and your ability to structure it correctly and include the sections as described in the lesson. Make sure to give each section the proper heading and to write out your descriptions in complete sentences. The exception to this is when you create the project budget. You may do this in chart or column forma HELP
The planning of this project must have several stages, in general they can be classified as planning, execution and review.
What is planning?Planning is a term that refers to the decision-making process to achieve a specific objective taking into account the current situation and the internal and external factors that may influence the achievement of the objectives.
According to the above, planning would be the first process because in this we are going to draw a route of action in which we are going to specify all the tasks prior to the realization of the web page. This stage includes activities such as:
Interview with clients.Photos of services and products.Information gathering.Establishment of dates and objectives.In the execution stage, the creators of the page begin to work on the design and publication of the page, including all the information previously collected.
In the review stage, the entire team reviews whether the objectives set are being achieved and the necessary corrections are made.
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Many customers value fast, fresh, flavorful food that is free of preservatives, chemicals, and antibiotics. The marketing mix factor that represents the value of the product to a customer is:
The marketing mix factor that represents the value of the product to a customer is price.
What is marketing mix?Marketing mix simply means the elements that are involved in the marketing of a good. They're product, price, place, and promotion.
In this case, the marketing mix illustrated is price since it deals with the value of the product.
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True or false: One consequence of big cities' ceasing to be industrial centers is that homes, jobs, and issues of interest have become focused on downtown areas.
The amount of unemployment that an economy normally experiences is called the :
a) average rate of unemployment.
b) natural rate of unemployment.
c) cyclical rate of unemployment.
d) typical rate of unemployment.
The natural rate of unemployment represents the amount of unemployment that an economy normally experiences.
The natural rate of unemployment is the level of unemployment that exists when an economy is operating at its full potential and is not experiencing any cyclical fluctuations. It is the rate of unemployment that is consistent with the underlying structure of the labor market, including frictional and structural factors. It reflects the normal functioning of the economy and is independent of short-term business cycles.
The natural rate of unemployment is determined by various factors such as demographics, labor market institutions, and the matching process between job seekers and job vacancies. It is considered the "baseline" level of unemployment in an economy and serves as a reference point for policymakers to assess the health of the labor market and formulate appropriate economic policies.
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highlight characteristics of itinerant traders
The minimum period of amount required for emergency fund is
1.three months
2.six months
3.nine months
4.one year
Whats better: Mustang or Dodge
Answer:
Mustang
Explanation:
Answer:
I think Mustang
Explanation:
It's just my choice because I think it's the best and maybe I don't know if dodge is the foreign one lol?
Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions
According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.
Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.
She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."
Therefore, option A is appropriate.
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For a single-price monopoly, price is:
A) equal to marginal revenue.
B) greater than marginal revenue.
C) less than marginal revenue because the firm cannot increase its total revenue when the demand curve is downward sloping.
D) equal to zero because the firm is not a price taker.
E) less than marginal revenue because the firm must lower its price in order to sell another unit of output.
For a single-price monopoly, price is: greater than marginal revenue. so the option b is correct answer.
Monopolistic pricing is determined by a monopoly. When a corporation produces all of the market's goods alone, free from any other prospective rivals, it is said to have a monopoly. Due to the absence of competitors, a monopoly has total market power and the authority to raise prices above marginal costs. A business may make money by manufacturing more of the item and selling it for less money since marginal cost is the increase in total cost required to produce an additional unit of the good.
The monopoly ensures that there is a monopolistic price when deciding how much of the product to produce.
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Whoever says I WIN first gets a brainliest
Answer:
I WIN
udyfjctdkbhdyghdgvhfhv
Answer:
i win
Explanation:
:))))
sprawl impacts quality of life by a. increasing commuting times and costs. b. increasing our overall health. c. increasing green space. d. decreasing commuting times and costs.
Sprawl affects quality of life by reducing travel expenses and times.
"The spreading of urban developments on undeveloped territory near a metropolis" is the definition of urban sprawl. Urban sprawl has been defined as the unchecked expansion of roadways, commercial space, and housing over vast land tracts in many urban regions, with little regard for urban planning. The phrase applies to both a particular type of urbanisation as well as the social and environmental effects of this development. Before the emergence of industrial warfare, mediaeval suburbs suffered from a lack of city wall security. Modern drawbacks and expenses include lengthened travel times, expensive transportation, pollution, and deforestation. Property taxes hardly ever cover the cost of constructing urban infrastructure for new constructions, leading to a subsidy for the developers .
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imagine that you have no money and you have to leave home and live by yourself make a list of the ten mist important things that you would take with you and explain why
Answer:
waterfoodcookerexpensive jewelleryphonelaptoptoolsutensilswashing machinemicrowaveExplanation: things you need to survive and get by with; and also things that you can make money out of e.g. selling jewellery or using your laptop to start up a business.the standard deviation of a portfolio of risky securities is question 11 options: the square root of the weighted sum of the securities' variances. the square root of the sum of the securities' variances. the square root of the weighted sum of the securities' variances and covariances. the square root of the sum of the securities' covariances.
The standard deviation of a portfolio of risky securities is essential for measuring its overall risk the correct option is: the square root of the weighted sum of the securities' variances and covariances.
This method accurately takes into account the different proportions of each security in the portfolio, as well as the interdependence between them.
To calculate the standard deviation of a portfolio, you first need to find the weighted variances and covariances of the securities. The weighted variance for each security is obtained by multiplying its variance by the square of its weight in the portfolio. The weighted covariance between two securities is calculated by multiplying their covariance by their respective weights.
Once you have computed the weighted variances and covariances, you can sum them up to obtain the portfolio's total variance. The standard deviation of the portfolio is then found by taking the square root of this total variance. This result provides a useful measure of the portfolio's overall risk, helping investors make informed decisions regarding their investment strategies.
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How long would it take for Tebogo's investment of R10 000 to grow to R20 000 if it earned 8% interest per annum? 1. 1.82 years 2. 1.99 years 3. 2.0 years 4. 9.01 years
The answer is 2.0 years. In just two years, Tebogo's investment of R10 000 will grow to R20 000 if it earns 8% interest per annum.
The formula for calculating compound interest is A = P(1+r/n)^nt where A is the final amount, P is the principal amount, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the number of years.
Solving for t, we get t = (log(A/P))/(n*log(1+r/n)). Using this formula, we can calculate that it will take Tebogo 2 years to double his investment at 8% interest compounded annually.
Therefore, the answer is 2.0 years. This means that after two years, Tebogo's investment will be worth R20 000, which is a 100% return on his investment.
It's important to note that the higher the interest rate or the more frequently interest is compounded, the faster an investment will grow.
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what is the best split (between a1 and a2) according to the gini index
Therefore, a1 generates the optimal split based on mistake rate. (f) Based on the Gini index, what is the optimal split (between a1 and a2)? 4 9 [ 1 − (3/4) 2 − (1/4)2 ] + 5 9 [ 1 − (1/5) 2 − (4/5)2 ] = 0. 3444.
e) Based on the classification error rate, what is the optimal split (between a1 and a2)? The error rate for attribute a1 is 2/9. The error rate for attribute a2 is 4/9. Therefore, a1 generates the optimal split based on mistake rate. Each and every feature has its GI computed, and the feature with the greatest value is chosen as the best split-feature. Gender is the best split-feature because it generates the most homogenous child nodes since Gini Index(Gender) is bigger than Gini Index(Age).
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The market demand is the: a. sum of all individual demand curves and supplies in a market. b. vertical sum of all individual demand curves. c. horizontal sum of all individual demand curves in a market. d. horizontal sum of all individual prices in a market.
A market is largely known as an institution that brings buyers and sellers in one place. The market demand is the horizontal sum of all individual demand curves in a market.
What is the market demand curve?This is referred to one that has the horizontal sum of individual demand curves.
The demand curve is one that depicts the relationship between price and quantity demanded.
The market demand is known to be the sum of all of the individual buyer's demand curve.
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For employees who are paid handsomely for their efforts, marx said their work would ultimately prove to be.
For employees who are paid handsomely for their efforts, Marx said their work would ultimately prove to be meaningless to them.
The great philosopher Karl Marx postulates that capitalists enrich themselves while laborers receive meager wages. According to him, wages are established through a conflict between employers and employees.
Without a doubt, despite obtaining high compensation or getting paid handsomely for their efforts, the capitalists win... and the laborers who work for them lose.
Because of this, even those who make good pay suffer from having a job they don't value especially when few capitalists reduced the average worker's pay as far as they could to shave off a sizable profit margin.
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Sasha buys a warm soda and a slice of cold pizza. The marginal utility from a soda is 40, and the price of the soda is $1. The marginal utility from a slice of pizza is 80. Since Sasha always chooses the utility-maximizing choice, we know the price of a slice of pizza must be:
A) $0.50.
B) $1.
C) $20.
D) $2.
Select all the correct answers.
drew, a nurse, has to interview a patient. which two gestures are most likely to indicate that she is actively listening to the patient?
crossing her arms
slightly leaning forward
smiling constantly
nodding occasionally
tapping her fingers
reset
next
Answer:
Slightly leaning forward and nodding occasionally.
Explanation:
These two gestures show that she is actively listening. Leaning forward slightly helps her hear the patient better and nodding occasionally shows that she understands what the patient is saying. Hope it helps :)
You're given a monthly budget of $400 for social media advertising. You want to set a daily budget for February to insure you don't overspend for the month. What is your daily budget? (It is not a leap year.)
Answer:
$14.28
Explanation:
you will have a couple of cents left over at the end because you cant evenly divide 400 by 28
What did the large medical bill of $55,543 cover? What are three examples of health care expenses after surgery for appendicitis?
The large medical bill of $55,543 covered the surgery for appendicitis and the treatments received.
How does health insurance operate?A health insurance plan or policy pays a portion of the costs associated with hospital stays and doctor appointments. It exists to assist with reducing the expenses of medical occurrences, whether they are anticipated or unanticipated.
Depending on your age and income, the insurance provider will decide how much you will pay for your health insurance premium. In order to maintain your health and treat illnesses and accidents, health insurance is necessary. Having health insurance shields you and your family from financial hardships, which is only one of its many advantages.
Three examples of healthcare expenses after the surgery for appendicitis are the surgeon fees, the check-up cost, and the cost of hospital stay.
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which of the following is true? loss aversion will increase people's risk aversion loss aversion is not affected by framing. loss aversion will induce people to take more risk if they can avoid a sure loss. loss aversion will only induce investors to buy winners and sell losers.
The true statement is loss aversion will increase people's risk aversion. The Option A.
Does loss aversion increase people's risk aversion?Loss aversion is a cognitive bias that refers to the tendency of individuals to strongly prefer avoiding losses compared to acquiring gains of the same magnitude.
In the context of decision-making, loss aversion often leads people to be more risk-averse. When faced with the possibility of losses, individuals tend to make choices that minimize potential losses rather than maximizing potential gains.
This increased aversion to taking risks is a result of the emotional impact that losses have on individuals which can outweigh the potential benefits of taking risks. Therefore, it is true that loss aversion tends to increase people's risk aversion.
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What is the best idea when you are filling out tax forms for the very first time?
Hasty Manufacturing orders 86,000 annually. They order 6 times a year. They hold 6,468 units in safety stock. The minimum number of units Hasty Manufacturing holds throughout the year is:__________
Answer:
6,468 units
Explanation:
Based on the information given we were told that the Manufacturing company orders 86,000 per year which they order 6 times a year which means that if the manufacturing company HOLD 6,468 units in safety stock. The MINIMUM number of units the Manufacturing company will HOLDS throughout the year is:6,468 units which was HOLD in Safety stock.
Comprehension and speed are the two most important traits in reading for business. please select the best answer from the choices provided t f
Answer:
true
Explanation:
But accuracy would be a better option speed is good, so you are always on task and comprehension for big words.
Discuss whether or not a firm will benefit from an incr ease in its output.
What do you mean by ECONOMIC
Answer:
Economics is a social science concerned with the production, distribution, and consumption of goods and services.