Question
In: Finance
Value of returns to the supplier on 08 May 2019. (2 marks) 1.1.2 Quantity, unit price...
Value of returns to the supplier on 08 May 2019. (2 marks) 1.1.2 Quantity, unit price and total value of closing inventory on 31 May 2019. (3 marks) 1.1.3 Total value of the issues to production during May 2019. (5 marks) (Note: A table may be prepared for the transactions but the answers to the questions stated above must appear after the table. Where applicable, round off the weighted average cost per unit to the nearest cent.) INFORMATION The following transactions of Edblow Limited, which uses the weighted average cost method of inventory valuation, took place during May 2019 in respect of a component used in a project: May 01 Inventory of component 180 units @ R20 per unit 05 Issued to production 160 units 06 Purchased from a supplier 480 units @R22 per unit 08 Returned 100 incorrectly supplied components to the supplier (see 06 May) ? 12 Issued to production 300 units 24 Purchased from supplier 100 units @ R25 per unit 31 Issued to production 80 units
Solutions
jeff jeffy answered 2 years agoRelated Solutions
1. Use the following information and answer the following: Product Price 2019 Quantity 2019 Price 2020 Quantity...
1. Use the following
information and answer the following:
Product
Price 2019
Quantity 2019
Price 2020
Quantity 2020
Food
$10
1,000
$12
1,200
Clothing
$40
400
$48
500
Education
$100
600
$120
120
Health care
$200
300
$240
360
a. Nominal GDP for 2019 and
2020.
b. Assume 2019 is the base
year and calculate the price index for 2020.
c. Real GDP for
2020.
d. Nominal and real rate of
growth of GDP.
e. Inflation rate between
2019 and 2020.
Calculate the monthly returns for 08/01/2015 – 08/31/2019 period for (i) S&P 500: Date Adj Close...
Calculate the monthly returns for 08/01/2015 – 08/31/2019 period
for
(i) S&P 500:
Date
Adj Close
8/1/2015
1972.18
9/1/2015
1920.03
########
2079.36
########
2080.41
########
2043.94
1/1/2016
1940.24
2/1/2016
1932.23
3/1/2016
2059.74
4/1/2016
2065.3
5/1/2016
2096.95
6/1/2016
2098.86
7/1/2016
2173.6
8/1/2016
2170.95
9/1/2016
2168.27
########
2126.15
########
2198.81
########
2238.83
1/1/2017
2278.87
2/1/2017
2363.64
3/1/2017
2362.72
4/1/2017
2384.2
5/1/2017
2411.8
6/1/2017
2423.41
7/1/2017
2470.3
8/1/2017
2471.65
9/1/2017
2519.36
########
2575.26
########
2584.84
########
2673.61
1/1/2018
2823.81
2/1/2018
2713.83
3/1/2018
2640.87...
the price that a supplier assigns to a product is closely related to both the quantity...
the price that a supplier assigns to a product is closely
related to both the quantity of the product demanded by the market
and the quantity of the product the supplier places in the market.
Consider the example of Phantom Inc., which sells tablet computers.
Phantom Inc. determines that if they price the tablet at $1,600,
they will be able to sell 1,500 tablets per day. If they price it
at $1,200, they will be able to sell 2,000 per...
Calculate the monthly returns for 08/01/2015 – 08/31/2019 period for (iii) Chevron: Date Adj Close 8/1/2015...
Calculate the monthly returns for 08/01/2015 – 08/31/2019 period
for
(iii) Chevron:
Date
Adj Close
8/1/2015
67.98351
9/1/2015
67.04664
########
77.24643
########
77.62042
########
77.39832
1/1/2016
74.39566
2/1/2016
71.78875
3/1/2016
83.11975
4/1/2016
89.02702
5/1/2016
87.99893
6/1/2016
92.30142
7/1/2016
90.23226
8/1/2016
88.55934
9/1/2016
91.57452
########
93.20279
########
99.26207
########
105.7736
1/1/2017
100.0671
2/1/2017
101.1006
3/1/2017
97.41397
4/1/2017
96.80608
5/1/2017
93.88468
6/1/2017
95.61873
7/1/2017
100.0729
8/1/2017
98.63402
9/1/2017
108.7711
########
107.2807
########
110.1504
########
116.9746
1/1/2018
117.1241
2/1/2018
104.5755
3/1/2018
107.6171
4/1/2018...
Standard cost information: Standard Quantity / Unit Standard Price Standard Cost / Unit Direct Material 2...
Standard cost information:
Standard Quantity / Unit
Standard Price
Standard Cost / Unit
Direct Material
2
$0.75
$1.50
Direct Labor
5
$0.35
$1.75
Variable Overhead
3
$1.20
$3.60
Actual cost information:
Total Actual Used
Total Actual Cost
Direct Material
19,500
$19,500
Direct Labor
34,500
$15,750
Variable Overhead
18,000
$22,000
Do not enter dollar signs or commas in the input boxes.
Round all Unit values to 2 decimal places. Round all other answers
to the nearest whole number.
Enter all variances...
2. (6 marks) On May 15, 2019, President Trump issued an executive order that bans the...
2. On May 15, 2019, President Trump issued an
executive order that bans the export of U.S. technology to Chinese
mobile phone manufacturing firms. As a result, the cost of chips
that produces mobile phones becomes more expensive. According to
Research Report of Mobile Phone Exports in China, the price of
Chinese manufacturing mobile phones changed by 10% while the sales
volume changed by 15% due to the executive order.
a. With the above figures, calculate the relevant price
elasticity...
Economic Growth (10 Marks) 2017 2018 Product Quantity Price Quantity Price Backpacks 100 $10 120 $12...
Economic Growth
2017
2018
Product
Quantity
Price
Quantity
Price
Backpacks
100
$10
120
$12
Books
50
$15
40
$20
Using 2017 as a base year, calculate;
1) The GDP deflator
2) Nominal Economic growth
3) Real economic growth
4) Give reasons why Real GDP per capita may overstate the
well-being of a countries inhabitants?
make as per Canadian standards.
Economic Growth (10 Marks) 2017 2018 Product Quantity Price Quantity Price Backpacks 100 $10 120 $12...
Economic Growth
2017
2018
Product
Quantity
Price
Quantity
Price
Backpacks
100
$10
120
$12
Books
50
$15
40
$20
Using 2017 as a base year, calculate;
1) The GDP deflator
2) Nominal Economic growth
3) Real economic growth
4) Give reasons why Real GDP per capita may overstate the
well-being of a countries inhabitants?
When the price is $2, the quantity demanded is 10. When the price rises to $8, the quantity demanded falls to 2.
When the price is $2, the quantity demanded is 10. When the price
rises to $8, the quantity demanded falls to 2. What is the value of
the elasticity of demand? Is it elastic or inelastic?
Product Price 2019 Quantity 2019 Price "20 Q "20 Food 10 1000 12 1200 Clothing 40...
Product
Price
2019
Quantity 2019
Price
"20
Q "20
Food
10
1000
12
1200
Clothing
40
400
48
500
Education
100
600
120
620
Health
care
200
300
240
360
1. What is the nominal
GDP in 2019?
2. What is the nominal
GDP in 2020?
3. Assuming 2019 is the base year, calculate the price index for
2020. ROUNDING UP TO TWO DECIMAL POINTS. For Example, 2.136986 is
rounded up to 2.14.
4. What is the real
GDP in...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- An environmental consultant is considering the installation of a water storage tank for a client. The...
- Add the operation Insert to the linkedListClass. An Insert operation inserts a new item after a...
- Use the following information for the next three questions: You have $20,000 available to invest in...
- A constant force is applied to an object, causing the object to accelerate at 6.0 m/s^2?...
- Jasper Metals is considering installing a new molding machine which is expected to produce operating cash...
- 3. Write a program that will accept only 5 numbers from 50 to 100. The program...
- The mean and standard deviation for the diameter of a certain type of steel rod are...
ADVERTISEMENT