if davidson has 7,000 units on hand at december 31, the cost of ending inventory under the average-cost method is
Answers
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 you start a new job, you receive a form that you use to prove that you are eligible to work in the U.S. What is this form?
Answers
I believe it's a Work Permit.
Distinguish between the concepts of service vs. product marketing strategies. Provide an example of each and evaluate why each is essential to hotel operations.
Answers
Answer:
service mena intangible or we can't take it with us or purchase it to take home
product is tangible it is something we can purchase at any time any place
Explanation:
for example service we can see in hotel a room service
for the product we can see Chocolate we can purchase it any where and take to other place but in contrast we can't take service
Both service marketing strategies and product marketing strategies are sales and promotion tactics for various product and service offerings. The nature of the offering itself is where the two differ most from one another.
Why do you want to get into product marketing?At the same time, it's very difficult and rewarding. Cross-functional teams are frequently led by product marketing managers, giving you exposure to a wide range of job functions. A profession in product marketing allows you to have an influence and redistributes meaning to your work.
Service marketing methods emphasize the quality and customization of intangible services, while product marketing strategies concentrate on the attributes and advantages of tangible commodities. Both forms of marketing tactics seek to draw in and keep clients, but because the products and services offered differ, they call for distinct methods.
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Supply chain management primarily focuses on two or more stages of the marketing channel under one management.Question 21 options:TrueFalse
Answers
The statement "Supply chain management primarily focuses on two or more stages of the marketing channel under one management" is:
FalseSupply chain management is the type of management where there is a sum of all the production processes which are involved in making a raw material into a finished product that is ready for market sale.
The given question actually refers to Vertical Channel Integration because it focuses on two or more marketing channels which operate under one management.
Therefore, the correct answer is False
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What people need to make a phones?
Answers
Answer:
Some electronic gadgets wires and all other stuff
Which of the following statements best defines
UTILITY?
A. What you can obtain for an item at a later time
B. How well something satisfies a person's wants or
needs
C. What we lose by giving up the other provided choice
D. How helpful an item is given the context of a current
situation
Answers
Answer: c
Explanation: i just took the test
UTILITY is What we lose by giving up the other provided choice Option(c) is correct. In any case, it isolates the hypothesis of financial utility from real perception and experience, since "utils" can't really be noticed.
What is a Utility?Utility is a term in financial matters that alludes to the all out fulfillment or advantage from consuming a decent or administration.
Monetary hypotheses in light of judicious decision for the most part expect that shoppers will endeavor to augment their utility. The monetary utility of a decent or administration is vital to comprehend, on the grounds that it straightforwardly impacts the interest, and consequently cost, of that great or administration.
Practically speaking, a purchaser's utility is typically difficult to gauge or evaluate. In any case, a few financial specialists accept that they can by implication gauge what is the utility of a monetary decent or administration by utilizing different models.
Utilities are organizations that work in the electric, water, oil, or gas areas. These organizations assume a significant part in modern economies and have an all out market capitalization of almost $1.6 trillion.
Therefore Option(c) is correct.
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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:
Given information about the economy of Pakistan, calculate Pakistan's GDP. Note that the currency of Pakistan is the rupee. Assume that the values are all current and no conversions need to be made. The government spends 3.40 trillion rupees. Individuals consume 9.60 trillion rupees. Individuals save 5.01 trillion rupees. Businesses invest 1.40 trillion rupees. Foreigners invest 0.70 trillion rupees. Pakistan imports 2.33 trillion rupees. Pakistan exports 1.23 trillion rupees. Pakistan's GDP is _________ trillion rupees.
Answers
The Gross domestic product of Pakistan is 13.30 trillion rupees
The gross domestic product (GDP) of country is the total value of all the goods and services a country produces in a year.
GDP can be calculated using the expenditure approach. The expenditure approach entails adding the total amount spent by consumers, government and businesses in the production process.
GDP using the expenditure approach = amount spent by consumers + business investment + Government spending + (export - import)
9.60 + 3.40 + 1.40 + (1.23 - 2.33) =
9.60 + 3.40 + 1.40 -1.10 = 13.30 trillion rupees
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if the activity level increases 10%, total variable costs will
Answers
Consider a Malthusian economy. For each of the following scenarios, use the diagrams to illustrate what happens to a country’s population size and living standards, ceteris paribus. Clearly explain what happens to the equilibrium and describe the transition to the new equilibrium if any.a. Marrying late slows down population growth.b. An earthquake kills half of the population and destroys half the land.
Answers
In the situations presented, what happens to the population and living standards is that they improve significantly avoiding a Malthusian catastrophe.
Malthusianism is a sociological concept that refers to the theory developed by Thomas Malthus in which he states that population growth at the rate that is being done will result in a decrease in resources for life, that is what he defined as Malthusian catastrophe.
According to the above, the situations presented would be a way of delaying the Malthusian catastrophe because if people marry late, the probability of having children is reduced for biological reasons. In addition, the number of children is going to be reduced.
On the other hand, if an earthquake occurs that destroys half the world and kills half the population, the Malthusian catastrophe is delayed because the available resources would increase in relation to the existing population.
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a demand curve shows the relationship between price and _________________ on a graph.
Answers
Answer:
relationship between price and quantity demanded
Explanation:
Plz Mark Brainliest
A demand curve shows the relationship between price and quantity demanded.
What is the demand curve?
The demand curve is a downward sloping curve that shows the relationship between price and quantity demanded. The relationship between price and quantity demanded is negatively related. As price increases, the quantity demanded decreases and as price decreases, the quantity demanded increases.
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what is the name of the cost allocation method used for intangible assets?
Answers
Answer:
coast allocation for assets is known as amortization. for intangibles. Depreciation, depletion, and amortization are processed of. cost allocation, not valuation.
Manufactured truck parts are part of which industry
A. Eloctronics
B. Chemicals
C.machinery
D.transportation equipment
Answers
Answer:
c
Explanation:
Answer:
c
Explanation:
bucky’s hardware sold merchandise worth $1,200 to a customer, and offered terms of 2/10, n/30. if the customer pays within 10 days, bucky’s hardware will receive:
Answers
Assuming bucky’s hardware sold merchandise worth $1,200 to a customer, and offered terms of 2/10, n/30. if the customer pays within 10 days, bucky’s hardware will receive: $1,176
Using this formula
Amount received=Merchandise sold-(Merchandise sold ×Discount)
Where:
Merchandise sold =$1,200
Discount=2%
Let plug in the formula
Amount received=$1,200-($1,200×2%)
Amount received=$1,200-$24days
Amount received=$1,176
Inconclusion if the customer pays within 10 days, bucky’s hardware will receive: $1,176
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when ramiro inspires his employees to do their best to help the organization meet its goals, he is:
Answers
When ramiro inspires his employees to do their best to help the organization meet its goals, he is leading.
Who is a leader?This is a person that has the qualities and the capacity to drive a group in the right direction.
A leader has to be someone that is inspirational. As a leader, Ramiro should be able to help the organization to attain their goals.
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PLEASE HELP ASAP, I WILL MARK BRAINLIEST
-economics
What is one strategy banks use to make sure people pay back their loans on
time?
A. Criminal prosecution for late payments
B. Increasing credit scores for late payments
C. Charging fees for late payments
D. Lowering interest rates for late payments
Answers
Answer:c
Explanation:because they would have to pay more over time
fob destination means that goods are owned by the buyer as soon as ______.
Answers
FOB Destination describe goods whose risk will be catered by Seller until being delivered to the buyer.
FOB Destination is an acronym for "Freight on Board" Destination
The FOB Destination is a marine term used to describes that legal title of goods belongs to the Seller until they are delivered to buyer.In other word, its means that seller of a product owns the risk of loss on a goods until its is delivered to the buyer.In conclusion, the term states that the goods are owned by the buyer as soon as it is not delivered to the buyer.
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with a variety of different brands, marriott needs a clear ________ strategy to help provide customers with accommodations that best meet their needs.
Answers
With a variety of different brands, Marriott needs a clear ________ strategy to help provide customers with accommodations that best meet their needs.
MarketingAccording to the given question, Marriott needs a strategy that would best help her provide her customers with accommodation based on their different needs.
The best type of strategy that Marriott needs to undertake would be a marketing strategy.
This is because, when she starts to market to her customers, then she would be able to know their various needs and serve them based on those needs.
Therefore, the correct answer is marketing
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general mills has a variety of brands in its snacks category, including chex, nature valley, fiber one, and cascadian farm. this represents a
Answers
Answer:don't cheat in this class I will tell ur professor in Bemidji about u
Explanation:
hinguys im back!!!
folloe nyo ko pingay ko points ko sa inyo
dont forget folloe
Answers
Answer:
hii have a great day ahead tq for the points
Two homebuilders are building homes in nearby subdivisions. One is offering 2,500-square-foot homes with two-acre yards. The other is offering a similarly sized house with quarter-acre yards. The builder offering the smaller lots cannot keep up with demand. The builder offering the larger lots has several unsold houses. The builder with the larger lots could use ____ to determine why his homes are not selling.
Answers
Answer: estimation
Explanation:
As per the given situation, Proactive customer monitoring might be used by the builder with the bigger lots to figure out why his homes aren't selling.
What is Proactive customer monitoring?The goal of proactive monitoring is to proactively seek out possible problems before they become serious obstacles for their company. Because proactive monitoring foresees problems, one can deal with them before an application crashes or performance degrades.
Homes are being constructed in surrounding communities by two homebuilders. One presents homes with two-acre yards that are 2,500 square feet in size. The other is providing a home with a similar size and quarter-acre yards.
The smaller lots are being offered by a builder who is unable to meet demand. The developer who is offering the larger lots has a number of unsold homes.
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what is a consequence of not having health insurance?
Answers
A consequence of not having health insurance is:
A person may not be able to afford healthcare if he falls illHealth insurance is the type of insurance where a person pays a premium periodically to cover the medical costs in case of an illness, surgery or any other health related problems.
This is important because:
It protects the insured from unexpected medical emergenciesSome health services come at a subsidized rate for such personSome preventive measures are available at no cost, etcTherefore, one consequence of not having a health insurance is that any sudden medical emergency can catch a person unawares and he would not be able to afford treatment.
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It is a strong drive to achieve goals and objectives through focus and proactive follow-through.
a.
Consistency
b.
Coordination
c.
Competence
d.
Commitment
Answers
Answer:
C
Explanation:
Competence gives you the ability or skill to do something
How is everyones day? Make sure you haven eaten or drank something!
Answers
Answer:
the day is good
Explanation:
im not dead i need a crown please
Answer:
I'm doing good
Explanation:
just chilling im doing good
which situation requires a departure from the cost basis of accounting to the lower-of-cost-or-market basis in valuing inventory?
Answers
Answer:
Decline in the value of inventory
Explanation:
To comply with the concepts of conservatism, inventory should be valued at the lower-of-cost-or-market when there is a decline in inventory
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:
All of the following are important to consider when deciding if a vocational
school is right for you except
A. the lack of general education,
B. how new the school buildings are.
C. the duration of the program.
O D. the range of career options.
Answers
Hope this helps!
Answer:
b.
Explanation:
just took the test
Creating and providing improved working conditions has created a number of emerging careers.
True or false
Answers
Answer:
true
Explanation:
because if you improve the way thing look and the way thing work people will find working there amusing.
why does a surplus exist under a binding price floor?
Answers
Answer:
it makes the price so low that the quantity demanded exceeds the quantity supplied on the legal market.
what are the major works of JT? Explain in point.......
Answers
Which of the following is NOT classified as a day-to-day or personal expense students may have?
O Car loan payments
O Laundry
O Cell phone bills
O Tuition
Answers
Answer:
Laundry
Explanation:Casually, it's not everyday that a student will have the need to pay to/use laundry machines/ products.
Answer:
laundry
Explanation:
you won't need to go and wash laundry every day, can even use a personal washing machine to do laundry
