if davidson has 7,000 units on hand at december 31, the cost of ending inventory under the average-cost method is
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The cost of ending inventory under the average-cost method is $75,250.
The average cost method is a method used to determine the cost of inventory in which the cost of goods sold is determined by determining the weighted average of the cost of inventory.
Average cost method = total cost of inventory bought / total units bought
(5,000 x $8) + (15,000 x 10) + (20,000 x 12) = $430,000
Total units bought = 5000 + 15,000 + 20,000 = 40,000
Price of inventory = $430,000 / 40,000 = $10.75
Cost of ending inventory = $10.75 x 7000 = $75,250.
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Related Questions
when would sunk costs be irrelevant for current decision making?
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Sunk cost are always irrelevant when making current decisions.
Sunk cost is the cost that has already been incurred and cannot be recovered. Sunk cost should not be considered when making future economic decisions.
An example of sunk cost: A farmer buys a piece of land for $100,000. He plants on the land. Years later, the land becomes infertile. The farmer is considering selling the land. In this question, the cost of the land is sunk cost. The sunk cost is $100,000. The farmer should not consider this cost when determining if to sell the land or not.
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which u.s. currency bill was the largest ever printed for public use?
Answers
Answer:
The $10,000
Explanation:
"The $10,000 bill was the largest-ever printed denomination for the public, making its first appearance in 1918. The face of Salmon P. Chase, Abraham Lincoln's Secretary of the Treasury and Chief Justice of the Supreme Court, graced the front of this large bill."
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what is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system?
Answers
Answer: With a periodic system, cost of goods sold is calculated only once at the end of the period. In contrast, with a perpetual system, cost of goods sold is recorded each time a sale is made.
Explanation:
what is the primary cause of failure for strategic initiatives?
Answers
Strategic initiatives are the ways through which a company translates its goals, objectives and visions into practice.
Raising of brand awareness, Launch of customer-facing retail outlets, Establishment of online channel for sales of products are examples of Strategic initiatives in a company.The major reason for failure of strategic initiatives is the inability of decision-makers in a company to understand the relevance and how to measure progress.Therefore, the primary cause of failure for strategic initiatives is ignorance about monitoring of progress.
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Answer:
Improper execution
Explanation:
the price elasticity of demand of a straight-line demand curve is
Answers
Explanation:
Elasticity along a straight line demand curve varies from zero at the quantity axis to infinity at the price axis
what did the memo entitled , "fatalities associated with crash induced fuel leakage and fires" analyze?
Answers
Answer:
The cost-benefit analysis of producing the Pinto as is or changing its design/components.
Explanation:
In a bid to match the cost effective nature of Japanese cars, Ford decided to produce the Pinto and promised to do so within a certain timeline. This shorter timeline made designing the Pinto harder and led to it having a flaw that made it a fire hazard if it was hit from behind.
Ford could have modified the design or produced it as it was. In order to make this decision, they relied on cost-benefit analysis to tell them the cost of paying for settlements resulting from Pinto crashes vs the cost of improving the car. The memo that showed this was "Fatalities Associated with Crash Induced Fuel Leakage and Fires".
general mills has a variety of brands in its snacks category, including chex, nature valley, fiber one, and cascadian farm. this represents a
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Answer:don't cheat in this class I will tell ur professor in Bemidji about u
Explanation:
when the government redistributes income from the wealthy to the poor,
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Your job pays you $1600per month all taxes combined reduce your pay by 25% your current expenses are $1200 per month you want to join a health club for $75 per month can you afford it
Answers
Answer:
1600 - 25% of 1600 = 1600 - 0.25*1600 = 1200
So after you take 25% of 1600 away from 1600, you're left with 1200
So you are *really* paid $1,200 a month (instead of $1,600 a month) after you take out all taxes.
Your expenses are $1,200, so you will have 1200 - 1200 = 0 dollars left over
So you CANNOT afford the health club or any additional expenses. This is assuming you don't rely on a credit card or other forms of loans.
Explanation:
the executives of great lakes medical center are writing a statement that explains their organization’s core purpose. great lakes medical center is at the strategic formulation step in strategic management.
Answers
Your organization's core purpose statement is a step of Strategic Objectives and Analysis. So the statement presented is False
Strategic management is a term to refers to the process of building a company. In it, all the necessary aspects such as objectives, the public, the market, the mission, among others, are analyzed. This process is generally divided into several steps. Each of the steps is explained below:
Strategic objectives and analysis: In this stage, all the external and internal analysis of the company is carried out to establish its principles.Strategic formulation: In this stage, the goals and objectives of the company are established based on the analysis of the previous stage.Strategic implementation: In this stage, everything that was planned in the previous stages begins.Evaluation and Strategic Control: In this stage, the operation and planning are evaluated and corrections are proposed to improve the weak aspects of the companyAccording to the above, Great Lakes Medical Center executives who are writing a document to explain the central purpose of their organization are in the Strategic Objectives and Analysis stage. So the correct answer is False.
Complete question:
The executives of great lakes medical center are writing a statement that explains their organization’s core purpose. Great lakes medical center is at the strategic formulation step in strategic management.
True
False
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a company that allows you to license software monthly to use online is called
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Answer:
marketable service product
Explanation:
A company that allows you to license software monthly to use online is an example of. ... A company that allows you to license monthly to use online is an example of what these companies consider to be a “marketable service” product.
what is the penalty for filing taxes late if you are owed a refund
Answers
Answer:
There is no penalty for filing after the deadline if a refund is due.
What is an accountant
what do they do for a living
Answers
Answer:
An accountant is a professional who is responsible for keeping and interpreting financial records. Most accountants are responsible for a wide range of finance-related tasks, either for individual clients or for larger businesses and organizations employing them
Explanation:
True Stories Company sold the rights to a documentary film. They are expecting significant revenue in Year 1. The revenue stream is expected to decrease steadily until it reaches zero in Year 5. Based on this Which depreciation method should be used to most closely match the expense to the revenue stream the asset produces
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The best depreciation method for this company is the double-declining-balance
In economics, depreciation occurs when a product gradually loses its value. The most common causes of depreciation are:
The product becomes obsoleteWear and tear of the productThe product's popularity decreasesMoreover, there are different methods to understand this decline in value that include:
Double-declining balanceStraight lineUnits-of-productionThe double-declining balance method implies depreciation is not constant over the years but as years pass the depreciation increases. This method applies to True Stories Company because it is expected the documentary film becomes less and less popular every year, and therefore depreciation is accelerated not constant.
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during her recent performance appraisal, veasna learned that her manager thinks she has a good attitude and emerging leadership potential. veasna’s manager seems to be using a _____ appraisal.
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An appraisal is used to evaluate an employee's performance on the job. The performance appraisal type that was used when Veasna learned that her manager thinks she has a good attitude and emerging leadership potential is;
360-degree360-degree performance appraisal is the type where employees who are subjected to performance appraisal are given feedback by the person who performed the appraisal.
We see this in the case of Veasna who received positive feedback from her manager. She can then feel encouraged and work harder.
Summarily, the 360-degree performance appraisal was used for Veasna.
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8. One of Hope's coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover
the shifts. Which of Hope's deductions will definitely change as a result?
a. Her Federal tax
b. Her health
C. Her dental
d. Her retirement
Answers
Answer:
A
Explanation:
Federal income taxes are simply known to be collected by the federal government to pay their bills
State taxes are often collected by individual state governments to pay their specific state bills.
Income tax are simply regarded as Taxes on income, both earned in salaries, wages, tips, commissions and also those unearned in form of interest and dividends.
Conclusively, Income taxes can be levied on both individuals and businesses.
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Cho started out with one small cupcake shop. Her business has grown so much that she now has two other shops across town. Cho has found that having three locations has greatly increased her production levels. She also notices that the price she pays for supplies (flour, butter, sugar, and packaging materials) has gone down considerably since she can now buy these items in bulk quantities. This exemplifies the principle known as
Answers
Answer:economies of scale
Explanation:
What are the key factors to consider when selecting a payment app?
Answers
Answer:
With that in mind, there are numerous things to think about when selecting one for your needs.
Proper Credit Card Encryption. ...
Ability to Easily Handle Sales, Plus Process Returns. ...
A Report-Generating Feature. ...
Capability to Create Digital Receipts.
Explanation:
Which of the following is the best example of a new business that you would see in the economy today?
Multiple Choice
A - Glass manufacturing plant
B -Smartphone production facility
C - Oil refinery
D -Grocery store
E-Subscription-based meal-kit service
Answers
Out of all the given options, there is one business that stands out as something most people might not have even heard of.
This unique and novel business is E. Subscription-based meal-kit service.
Glass manufacturing, oil refinery, grocery store businesses have been operating for the longest time. Smartphone production has also existed for 30 years now.
For the past few years, with the rise of tech industries and tech jobs, urbanites are finding it hard to cook meals and had started eating out or dining at restaurants more often.
Seeing this as an opportunity to serve busy people home-cooked meals, many chefs and food businesses have started something called a cloud kitchen where you simply pay a one-time subscription to get a whole week or even a month's meals.
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employees make greater use of their skills and enjoy more opportunities for professional development in a organization.
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In a decentralized organisation, employee uses more of their skills and enjoy professional development as well.
Decentralized organization is a type of organizational structure where most decisions-making are made by mid or lower level managers.
Under a decentralized organizational structure, the senior management delegates majority of decision making to lower levels in the organization.In conclusion, employees who works under a decentralized organisation viii make greater use of their skills. Development of professional career will be enjoyed because more freedom are given to them at the workplace.
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please help me asap!
Answers
Answer:
1.Different customers
Answer:
Same Customers
Explanation:
Their product is slightly different but still is pretty much is trying to satisfy the same needs that targets the same type of customers.
true or false? checks are documented individually on a deposit slip.
Answers
Answer:
i believe that it is true
Explanation:
what is the cost allocation method called that is used for natural resources?
Answers
Answer:
The process of allocating the cost of plant and equipment over the periods they are used to produce revenues is known as depreciation. For natural resources, this process is called depletion, and for intangible assets it is called amortization.
Explanation:
does doja cat deserve her fame? what do you think?
Answers
zoe, a department manager at furniture square, is considering whether to use a group to develop a plan to incentivize employees to sell extended warranties and auxiliary services. zoe should consider having the group make this decision if:
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Considering the situation above, Zoe should consider having the group make this decision if: "It will increase acceptance of the plan."
This is because the main goal of Zoe is to sell extended warranties and auxiliary services.
As a manager, Zoe could create the plan by himself and let the group come in later to execute it.
However, the main goal is to make a plan but to sell extended warranties and auxiliary services.
Hence, Zoe should consider having the group make this decision if "It will increase acceptance of the plan."
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Yasmine’s boss is very unpredictable. Somedays he is completely open to new ideas and encourages everyone to participate. Other times, he completely shuts down and yells at anyone who tries to offer any new ideas. Which part of Goldberg’s OCEAN model does this BEST demonstrate?
A.
neuroticism
B.
conscientiousness
C.
extroversion
D.
agreeableness
Answers
The part of Goldberg’s OCEAN model does this best demonstrate this personality trait is Agreeableness
Agreeableness is a type of personality trait that includes attributes such as trust, altruism, kindness, etc.Individuals who are high in agreeableness tend to be more cooperative with other people and when they are low in this trait, they become more competitive, rude, do not care about how other people feel, insults and belittles others etc.Agreeableness personality attributes are trustworthiness, kindness and when people with this trait are in their low state, they tend to be rude and harsh.
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to find the total bond value, add the present value of the amount paid at maturity to the _____ of the annual coupon payments.
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Hope this helps!
you are the ceo of internet provider commcore communications. it has come to your attention that a school district nearby your headquarters is underpreforming academically and has unmet needa. the district superintendent is seeking help from local companies. You have called a meeting of the board of directors to discuss a llan to addist the school. breifly describe your plan to help.
Answers
in markets, prices move toward equilibrium because of
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Answer:
"The market price moves toward equilibrium because of the actions of the buyers and sellers in the market. Suppose there is a surplus in the market which means that supply is more than the demand. ... Similarly, when there is a shortage and price increase and a new equilibrium is achieved."
Explanation:
for economics students: does anyone have an example of a demand and supply curve diagram for the labour force that is suitably labeled? thanksss :))