beginning inventory consists of 4 items at $10 each. during the month, the company purchased 3 items for $11 each and it sold 3 items. using first-in, first-out, the 3 goods sold are assumed to be ______.

Answers

Answer 1

Using the first-in, first-out inventory system, the cost of the 3 goods sold is assumed to be $30.

The first-in, first-out is an inventory system where the cost of good sold would be taken from inventories that were bought the earliest. The cost of ending inventory would be the inventories that were purchased last.

The cost of the 3 units of the goods bought would be the cost of the beginning inventory. The cost of the beginning inventory is $10.

The cost of goods sold = cost of beginning inventory x units sold.

$10 x 3 = $30

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Related Questions

true or false? checks are documented individually on a deposit slip.

Answers

Answer:

i believe that it is true

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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a logical starting point from which the study of international trade begins is

Answers

The principle of comparative advantage

after three summers working for a local landscaping business, scott suggested that his boss add snow removal as an extra service. with this holistic hunch, scott was acting on ________ that snow removal might be a good addition to the service offerings.

Answers

Scott's suggestion that his boss adds snow removal as an extra service shows Scott acting on intuition.

Intuition is a product of inventiveness, especially when one has creative skills for bringing out solutions to ensure success.

Scott was not acting in hindsight because he had not engaged in snow removal before. Scott did not suggest based on minority dissent since there is no opposing suggestion from the majority.

Similarly, Scott was not acting on a sudden reaction, which suggested that the boss required a business idea from Scott.

Thus, Scott was acting on intuition when he suggested to his boss embrace snow removal as an extra service with potential.

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Stan’s savings account has a balance of $2257. After 5 years, what will the amount of interest be at 10% compounded quarterly?

a.

$1432.36

c.

$112.85

b.

$1446.36

d.

$1441.36

Answers

Answer:

b

Explanation:

Answer:

1441.36

Explanation:

got it right on edge

. How are jobs created in different economic systems?
• Market
• Mixed
• Command
Traditional

Answers

Answer:

it depends

Explanation:

it depends on the area the person stays

the ________ model assumes managers will make logical decisions that are the optimal means of furthering the organization’s best interests.

Answers

Considering the definition above, the model that assumes managers will make logical decisions in the firm's best interest is the Classical Model.

This is because the Classical Model, otherwise known as the rational model of decision making, is a type of decision-making model that assumes managers will make logical decisions that are the optimal means of furthering the organization’s best interests.

The classical model of decision usually involves four major steps, which are:

Identifying the problem or opportunityComing up with alternative solutionsAssessing options & select a solutionExecuting and assessing the impact of the solution carried out.

Hence, in this case, it is concluded that the correct answer to the question is the Classical Model of decision making.

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when ramiro inspires his employees to do their best to help the organization meet its goals, he is:

Answers

He is Inspirational

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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which common form of external data helps marketers understand what influences a consumer’s purchasing behavior?

Answers

External data that helps marketers understand what influences a consumer’s purchasing behavior is psychographic data.

What is psychographic data?

Psychographic data is used to create a profile of customers' viewpoints, areas of interest, and motivators for action. It includes an individual's beliefs, opinions, preferences, and personality traits.

Psychographic information concentrates on emotional factors like motives, priorities, etc whereas demographic information frequently emphasizes physical factors like age, race, gender, geography, etc.

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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".

which general staff member negotiates and monitors

Answers

Answer:

The Finance/Administration Section is the General Staff member that negotiates and monitors contracts, maintains documentation for reimbursement, and oversees timekeeping for incident personnel.

what are 4 most common financial institutions

Answers

Answer:

The most common types of financial institutions are commercial banks, investment banks, insurance companies, and brokerage firms.

Explanation:

Clickable text or images that take you to different sites on the World Wide Web are called
Attachments
Hyperlinks
Shortcuts
Navigation Buttons

Answers

Answer:hyperlinks

Explanation:

Clickable text or images that take you to different sites on the World Wide Web are called hyperlinks. Hence, Option (B) is correct.

Hyperlinks are an essential feature of the web that allows for seamless navigation and interconnectedness between web pages.

They are typically displayed as underlined or differently colored text or as clickable images.

When a user clicks on a hyperlink, it initiates an action that takes them to a different web page, whether it is within the same website or on a different website altogether.

Hyperlinks play a vital role in facilitating the exploration of information on the internet, enabling users to access related content, external references, sources, and various online resources.

Thus, hyperlinks serve as the fundamental mechanism for connecting and directing users to different sites on the World Wide Web.

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Clickable text or images that take you to different sites on the World Wide Web are called

A)Attachments

B)Hyperlinks

C)Shortcuts

D)Navigation Buttons

if the senate wants to expel a member, how many senators have to agree?

Answers

Answer:

25

Explanation:

when the money market is drawn with the value of money on the vertical axis, if the price level is above the equilibrium level, there is an

Answers

Answer:

There will be an increase in the price level.

Explanation:

Got it from study.com

what is a "complementary" business

Answers

Answer:

A complimentary business compliments your business. It may offer products or services beneficial to your business or your customers, but not the same things as to not be considered a competing business (competitor).

Explain why the more education a person has, the more money they make.

(Answers should include the screening effect and the learning effect.)

Answers

Answer:

because. a more educated person have a good profession and by that they can earn a good sources of money

Answer:

a more educated person have a good profession and by that they can earn a good sources of money

Explanation:

A DJ wants to analyze market reactions to the new music selections played at his dance last weekend. He advertises his weekly dances using social media and email.
Which would be the most effective way to gather reactions from those who attended the dance?

Focus Groups


Surveys


Personal Interviews


Observation

Answers

Answer: Surveys

Explanation:

The most effective way to gather reactions from those who attended the dance is Surveys. Option B is correct.

What are Surveys?

In order to gather information about a service, product, or process, a surveys are described as the act of looking at a process or questioning a predetermined sample of people. Surveys used to gather data ask a specific set of people about their beliefs, actions, or knowledge.

Surveys are used to collect data or learn more in areas like demography and social research. Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys might have narrow, focused objectives or they can have broad, more general objectives.

Thus to analyze market reactions to the new music selections played at DJ dance last weekend surveys are most optimal option here.

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the catalyst for the market revolution was a series of innovations in

Answers

The innovation of Transportation and Communication act as catalyst for Market Revolution in the 18th Century.

The term "Market Revolution" describes a fundamental transformation to the U.S. economy in the 18th and 19th Century as a result of widespread mechanization of industry and the expansion of various domestic and foreign economic markets.

The revolution brought about an explosive economic growth and new personal wealth in the country.

The impact of the transportation and communication industry brought about the increased improvement in Market Revolution because its speed and lowered the expense of commerce during the period.

Therefore, in conclusion, the Transportation and Communication are the catalyst for the Market Revolution.

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how is a marketing plan used by marketers to set up a business on a journey towards success?

Answers

A marketing plan is used to identify the target market for your product and how your business would be able to offer benefits to the market.

A well developed marketing plan helps the marketer to make sales easier in the business. If the marketer is able to sight and make targets for their supposed customers, they would be able to channel resources more wisely.

In conclusion a marketing plan can do the following:

Help to set goalsCreate motivation for the businessSet time and priorities straightHelps you target your customers.

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How do you know, as a consumer shopping for a product, whether goods are in
short supply or are readily available?

Answers

Answer:

Prices act as a signal that tells producers and consumers how to adjust. Prices tell buyers and sellers whether goods are in short supply or readily available. The price system is flexible and free, and it allows for a wide diversity of goods and services.

Explanation:

As a consumer shopping for a product, you can determine whether goods are in short supply or readily available by checking online availability, reading customer reviews, monitoring price fluctuations, and staying informed through industry news and customer service representatives.

As a consumer shopping for a product, there are several ways to determine whether goods are in short supply or readily available. Firstly, you can conduct online research by checking the product's availability on various e-commerce platforms or the official website of the brand or retailer. Reading customer reviews and ratings can also provide insights into the availability of the product. Additionally, monitoring price fluctuations can give an indication of supply and demand. If the price is stable or discounted, it suggests that the product is readily available. On the other hand, if the price is increasing or there are limited-time offers, it may indicate a shortage. Furthermore, keeping an eye on promotional activities, such as sales or limited edition releases, can provide clues about the availability of the product. Lastly, staying informed through industry news, subscribing to product alerts, or reaching out to customer service representatives can help you stay updated on the availability of the goods you are interested in purchasing.

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Business studies i need to fill it out

Answers

Answer:

Be completely honest.

Explanation:

Which would be an example of a change in culture due to conflict?

Answers

An example of cultural conflict is the debate over abortion. Ethnic cleansing is another extreme example of cultural conflict. Wars can also be a result of a cultural conflict; for example the differing views on slavery were one of the reasons for the American civil war.

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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who determines how much utility an individual will receive from consuming a good?

Answers

Answer:

Individuals are the only judge of their own utility. In general, greater consumption of a good brings higher total utility. However, the additional utility received from each unit of greater consumption tends to decline in a pattern of diminishing marginal utility.

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.

As more and more Baby Boomers retire, companies are realizing that they are losing many of their most knowledgeable employees. Which force is impacting them in this situation?
Multiple Choice
A-global
B-human resource
C- poll-regulatory
D- competitive
social

Answers

I think it’s B not 100% for sure

The Force is impacting them in this situation is a social force. Thus the correct answer is E.

What is baby boomers?

A person born between the conclusion of World War II and the middle of the 1960s is referred to as a "baby boomer" because of its importance in the population. Confidence, teamwork, self-happiness, health and wellbeing, employment, and participation are among the basic values of Baby Boomers.

In order to successfully meet the demands of many cultures, marketers closely watch social trends. As social factors alter over time with demographic shifts, we take into account attitudes toward employment and lifestyles.

So when more baby boomers got to retire, companies realize that they are losing many of knowledgeable people who play a crucial role and appeared as a social force in this situation.

Therefore, option E social is appropriate.

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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

B. how new the school buildings are

Hope this helps!

Answer:

b.

Explanation:

just took the test

how much halloween candy is sold in the us each year?

Answers

Answer:

According to the Huffington Post, Americans purchase nearly 600 million pounds of candy each year for Halloween

Explanation:

please help me asap!

Answers

I believe that a company does not pay for publicity.
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