The following units of a particular item were available for sale during the calendar year: jan. 1 inventory 4,000 units at $40 apr. 19 sale 2,500 units june 30 purchase 4,500 units at $44 sept. 2 sale 5,000 units nov. 15 purchase 2,000 units at $46 the firm maintains a perpetual inventory system. determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the first-in, first-out method. present the data in the form illustrated in exhibit 3. under fifo, if units are in inventory at two different costs, enter the units with the lower unit cost first in the cost of goods sold unit cost column and in the inventory unit cost column.
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Business, 22.06.2019 19:30
Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:
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Business, 22.06.2019 23:00
If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?
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Business, 23.06.2019 02:30
How is the role of government determined in the american free enterprise system?
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Business, 23.06.2019 11:00
Which of the following makes a true statement about the relationship between government and financial institutions? government and financial institutions do not interact with each other. financial institutions like the u.s. treasury must approve increases in the government deficit. government can pass laws to limit what financial institutions can charge in interest and fees. financial institutions like local banks must approve interest rates set by the federal reserve.
Answers: 2
The following units of a particular item were available for sale during the calendar year: jan. 1 i...
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