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In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 460 units at $5 on January 1, (2) 620 units at $6 on January 8, and (3) 920 units at $7 on January 29. |
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Assume 1,200 units are on hand at the end of the month, calculate the cost of goods available for sale, ending inventory, and cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost flow assumptions. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.) |
In: Accounting
Kentucky Inc. Manufactures Soccer balls. The estimated number of soccer balls sold for the first three months of 2018 are as follows: Month: Sales: June 2,000 July 3,000 August 4,000 The Actual finished goods inventory at the end of May 2018 was 2,000 units. Ending Finished Goods inventory is planned to equal 25% of the next month's sales. Kentucky incorporated will sell the soccer balls for $5.00 each. Septemberl 2018 Sales are projected at 8,500 soccer balls. How many Soccer balls should Kentucky Inc. budget to be produced in July? August? Looking to understand! Not just for the answer
In: Accounting
If you expect the yield curve to invert next year, with spot rates for maturities of 10-years and above falling and spot rates for maturities less than 10-years rising. Given your forecast, explain which of bond Bond A or Bond B you would recommend for a long position over the upcoming year: Bond A -discount bond with a duration of 12-years and YTM of 5%; Bond B -coupon rate of 10%, a duration of 12-years, and a YTM of 5%.
In: Finance
I designed a substrate holder for a thermal evaporator for a lab I work in, based on the size of our chamber. It is height adjustable (rod stopping height from falling) with 2 or 3 mm tolerances.
The boat will be very close to tungsten boats as they are heating up. My question is...
what materials should I consider using for this design? And what temperatures can these materials go up to without oxidation occuring? What temperatures can they go up to without melting or significantly deforming?
In: Mechanical Engineering
A wet solid is dried from 40% to 10% moisture under
constant drying conditions in 5 hours. If
the equilibrium moisture content is 0.0416 kg moisture/kg dry solid
and the critical moisture
content is 14%, how long will it take to dry from 40% to 5%
moisture under the same conditions.
All percentages other than equilibrium moisture content are on wet
basis. Assume linear relation
between rate of drying and moisture content during falling rate
period.
In: Other
There are 68% of students drive to school in one university. Here is a sample of 20 students.
1) What is the probability that only 12 students drive to school?
2)What is the probability that no more than 15 students drive to school?
3) What is the probability that no more than 10 students drive to school?
4) What is the mean and standard deviation?
5) What is the percentage falling with 1 standard deviation? Does it satisfy the Empirical Rule?
Please explain with reasoning/steps please.
In: Statistics and Probability
1. The long run average total cost shows what happens to average (per unit) total cost as a firm grows in size (adds more capital or increases its plant size). True or false?
2. In the short run, at least one input is variable and one input is fixed. True or false?
3. If marginal product is less than average product, average product must be falling. True or false?
4. In the long run, all inputs are variable. True or false?
In: Economics
Newton
a. In "Principia", Newton referred to his law of gravitation as "universal", indicating that it could work everywhere. How is the concept of a universal law contrary to Aristotelian cosmology?
b. Why did Newton choose to derive Kepler's laws, as opposed to anyone else's as consequences of his more general laws?
c. Why did Newton describe the Moon as always falling towards, but never reaching, the Earth?
d. What is ”action at a distance”? Why did Newton call the concept ”absurd”?
In: Physics
The older adult client has a fentanyl patch 75mcg for chronic pain. Which statement is correct regarding this drug for the older adult? This patient should not have a fentanyl patch for chronic pain.
Which drugs would be appropriate for pain management for a client who sustained multiple abrasions to both knees after falling off a bicycle? (Select all that apply.)
In: Nursing
The heights of 1000 students are approximately normally distributed with a mean of 174.5 centimeters and a standard deviation of 7.9 centimeters. Suppose 200 random samples of size 35 are drawn from this population and the means recorded to the nearest tenth of a centimeter. Determine
(a) the mean and standard deviation of the sampling distribution of X ;
(b) the number of sample means that falls between 172.5 and 175.8 centimeters inclusive;
(c) the number of sample means falling below 172.0 centimeters.
please show all work
In: Statistics and Probability