Answer:
Sheets of paper, staples, glue, computers, desks, pens, pencils, printers.
Explanation:
All resources at the employee's hands to use.
Question 3
a) On March 1st, Valentina had six paddleboards ($500 cost). Each Monday this month (March 7th,
14th, 21st, and 28th), Valentina purchased six paddleboards from her supplier. The price increased to
$510 on March 12th, but dropped to $505 on March 28th. Valentina sold one paddleboard in week one
(March 1st to 7th), eight in week two, six in week three, and five in week four. Assuming the selling price
was $800 per paddleboard and Valentina uses the moving-weighted-average method, what was her
gross margin for March? Make all necessary journal entries and SHOW YOUR WORK!
b) Repeat 3a, but using the first-in-first-out method.
a) The gross margin for March, using the moving-weighted-average method is $5,907.
Journal Entries:
March 7th
Debit Inventory $3,000
Credit Cash $3,000
Debit Cost of Goods Sold $500
Credit Inventory $500
Debit Cash $800
Credit Sales Revenue $800
March 14th
Debit Inventory $3,060
Credit Cash $3,060
Debit Cost of Goods Sold $4,032
Credit Inventory $4,032
Debit Cash $6,400
Credit Sales Revenue $6,400
March 21st
Debit Inventory $3,060
Credit Cash $3.060
Debit Cost of Goods Sold $3,036
Credit Inventory $3,036
Debit Cash $4,800
Credit Sales Revenue $4,800
March 28th
Debit Inventory $3,030
Credit Cash $3,030
Debit Cost of Goods Sold $2,525
Credit Inventory $2,525
Debit Cash $4,000
Credit Sales Revenue $4,000
b) The gross margin for March, using the first-in-first-out method is $5,920.
Journal Entries:
March 7th
Debit Inventory $3,000
Credit Cash $3,000
Debit Cost of Goods Sold $500
Credit Inventory $500
Debit Cash $800
Credit Sales Revenue $800
March 14th
Debit Inventory $3,060
Credit Cash $3,060
Debit Cost of Goods Sold $4,000
Credit Inventory $4,000
Debit Cash $6,400
Credit Sales Revenue $6,400
March 21st
Debit Inventory $3,060
Credit Cash $3,060
Debit Cost of Goods Sold $3,030
Credit Inventory $3,030
Debit Cash $4,800
Credit Sales Revenue $4,800
March 28th
Debit Inventory $3,030
Credit Cash $3,030
Debit Cost of Goods Sold $2,530
Credit Inventory $2,530
Debit Cash $4,000
Credit Sales Revenue $4,000
Workings:
Cost of Goods Sold based on Moving Weighted-Average Method
Date Description Qty Unit Cost Total Cost Ending Balance
March 1st Beginning inventory 6 $500 $3,000 $3,000
March 7th Purchases 6 $500 $3,000 $6,000 ($3,000 + $3,000)
Week 1 Cost of Sales -1 $500 $500 $5,500 ($6,000 - $500)
March 14th Purchases 6 $510 $3,060 $8,560 ($5,500 + $3,060)
Week 2 Cost of Sales -8 $504 $4,032 $4,528 ($8,560 - $4,032)
March 21st Purchases 6 $510 $3,060 $7,588 ($4,528 + $3,060)
Week 3 Cost of Sales -6 $506 $3,036 $4,552 ($7,588 - $3,036)
March 28th Purchases 6 $505 $3,030 $7,582 ($4,552 + $3,030)
Week 4 Cost of Sales -5 $505 $2,525 $5,057 ($7,82 - $2,525)
Sales revenue = 20 x $800 = $16,000
Cost of goods sold = Cost of goods available – Ending inventory
= $10,093 ($15,150 - $5,057)
Gross margin for March = $5,907 ($16,000 - $10,093)
FIFO Method:
Date Description Qty Unit Cost Total Cost Ending Balance
March 1st Beginning inventory 6 $500 $3,000 $3,000
March 7th Purchases 6 $500 $3,000 $6, 000 ($3,000 + $3,000)
Week 1 Cost of Sales -1 $500 $500 $5,500 ($6,000 - $500)
March 14th Purchases 6 $510 $3,060 $8,560 ($5,500 + $3,060)
Week 2 Cost of Sales -8 $500 $4,000 $4,560 ($8,560 - $4,000)
March 21st Purchases 6 $510 $3,060 $7,620 ($4,560 + $3,060)
Week 3 Cost of Sales -6 $3,030 $4,590 ($7,620 - $3,030)
March 28th Purchases 6 $505 $3,030 $7,620 ($4,590 + $3,030)
Week Four Cost Sales -5 $510 $2,550 $5,070 ($7,620 - $2,550)
Sales revenue = 20 x $800 = $16,000
Cost of goods sold = Cost of goods available – Ending inventory
= $10,080 ($15,150 - $5,070)
Gross margin for March = $5,920 ($16,000 - $10,080)
Thus, Velentina's gross margin or profit is the difference between its sales revenue and the cost of goods sold.
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how did the cat cross the street
Answer:
in cat walk.
Explanation:
cat walk in its style called cat ealk
Answer:
Because he seen a dog behind him and ran as fast as he can.
Explanation:
Mark brainiest please.
Which behavior would best describe someone who has good communication skills with customers ? a ) Following up with some customers b ) Talking to customers more than listening to them c ) Repeating back what the customer says d ) Interrupting customers frequently
Answer:
A. following up with some customers
Hey there!
The answer is clearly A here.
Let me tell you why.
Would it be okay to not give customers the chance to talk (Choice B)?
Would it be okay to repeat everything (Choice C)?
Would it be okay to interupt your customer oftenly (Choice D)?
Hope this helps!
Have a great day!
If 5 miles is 8 kilometres how many kilometres are in 3 miles?
Answer:
4.8km
Explanation:
5miles=8
3miles=x
cross multiply
5*x = 8*3
5x=24
divide both side by 5
x= 24/5
x=4.8km
Answer:
1kil=0.621mile
3 miles = 3/0.621=
4.8309
which of these is an accurate characteristic of American civilizations from 1200-1450?
Find the doubling time of an investment earning 3% interest if interest is compounded continuously?
Answer:
Time taken (n) = 23.4 years
Explanation:
Given:
Present value (P) = P
SO,
Future value (A) = 2P
Interest rate (r) = 3 % = 0.03
Find:
Time taken (n)
Computation:
[tex]A = p (1+r)^n\\\\ 2P = P(1+0.03)^n \\\\ 2 = (1.03)^n \\\\ n = 23.4 \ years[/tex]
Time taken (n) = 23.4 years
Given values:
Interest rate,
r = 3%= 0.03
Let,
Present value = PFuture value = 2PThe computation will be:
→ [tex]A = p(1+r)^n[/tex]
By substituting the values,
[tex]2P = P(1+0.03)^n[/tex]
[tex]2 = (1.03)^n[/tex]
[tex]n = 23.4 \ years[/tex]
Thus the above answer is correct.
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discuss the assertion that non formal institution have no role to play at the processing stage of the system thery is an empty rhetoric?
Need Assistance
*Please Show Work*
Answer:
The answer is B
Explanation:
Because you can see how the answer...
What the correct answer
Answer:
i think its C
Answer:
your answer is C
he wasindeed the first one
Characteristics of the state
Answer:
1.)Must have a definite territory
2.)should have a government
3.)should have a constitution
4.)must have a required population to become a definite state.
46.The budget deficits of the federal government of the United States
has caused interest rates to increase? true or fAlse
ANSWER:
it is true
Explanation:
The projected deficit for 2021 has increased by a third, mostly because of recently enacted legislation.
Based on the article, what do you think environmental racism is
Answer:
Racism based on location, area, the rules and regulations, and policies within a community
Explanation:
It should be based on how a certain person of color lives underneath their location / area and how it may affect their day to day lives.
Ex. Ghettos, slums, etc..
Natural resources including trees and oil are part of which factor of
production?
O A. Land
O B. Labor
O C. Capital
O D. Scarcity
Answer:
A. Land
Explanation:
Land includes any natural resources that land creates used to produce goods and services sold for a profit. Land also includes raw materials. Trees & oil are raw materials. Trees can be used to create paper & oil can be used for fuel. This makes A. the correct answer.
Answer: a. land
Explanation:
A set of biology exam scores are normally distributed with a mean of 60 points and a standard deviation of 6 points. Antoaneta got a score of 51 points on the exam. What proportion of exam scores are higher than Antoaneta's score? You may round your answer to four decimal places.
Answer:
0.9332 (0.93 rounded) of exam scores are higher than Antoaneta's score
Answer:
0.9332
Explanation:
khan
Which of the following is a result of lack of visible light at deeper levels in the ocean? Productivity does not exist in deep sea environments. Producers deep in the ocean have adaptive mechanisms to conduct photosynthesis with less light. Red sea organisms would be highly visible to predators in mid-ocean depths. Consumers engage is cellular respiration at rates substantially higher than surface consumers.
Answer:
Producers deep in the ocean have adaptive mechanisms to conduct photosynthesis with less light
Explanation:
A team of four students has to be selected from A, B, C, D, E, F and G, according to the following
conditions:
B will not be with F.
A and C must be together.
E will not be with A.
G and D must be together.
F will not be with G.
A team can consist of:
ABCE
BDEG
BDFA
Answer:
BDEG
Explanation:
ABCE can't be because E will not be with A.
BDFA can't be because B will not be with F.
what are the levels of ecology
Answer:
Within the discipline of ecology, researchers work at five broad levels, sometimes discretely and sometimes with overlap
Explanation:
organism, population, community, ecosystem, and biosphere.
Hope it's helps you
How is india becoming more Americanized
Answer:
First of all Americanization is defined as the process where immigrants to the United States have diverse changes in their behavior and their lifestyle according to the norm of the American society.
Indians have a large population in the United States due to search for better working conditions and other opportunities. The Indians after a while will have the American culture imbibed in them and their way of life begins to be similar to those of the Americans.
What are the most compelling ideas behind Federalist #10 ? (discuss five important points)
Answer:
Written by James Madison, this essay defended the form of republican government proposed by the Constitution. Critics of the Constitution argued that the proposed federal government was too large and would be unresponsive to the people.
In response, Madison explored majority rule v. minority rights in this essay. He countered that it was exactly the great number of factions and diversity that would avoid tyranny. Groups would be forced to negotiate and compromise among themselves, arriving at solutions that would respect the rights of minorities. Further, he argued that the large size of the country would actually make it more difficult for factions to gain control over others. “The influence of factious leaders may kindle a flame within their particular States, but will be unable to spread a general conflagration through the other States.”
Explanation:
Chapters 1-3 Reading Quiz
Name
1. Which of the following best explains why Massachusetts Bay officials banished Anne Hutchinson?
She challenged gender roles and Puritan orthodoxy.
B She was found guilty of practicing witchcraft.
She preached the doctrine of predestination.
D
She gave birth to a child out of wedlock.
She opened an unlicensed tavem.
Answer:
She challenged gender roles and Puritan orthodoxy.
Explanation:
Anne Hutchinson was banished from Massachusetts because of her beliefs which were believed to be heretic according to Puritan orthodoxy.
She was born in England and later became a follower of John Cotton who taught that people are directly responsible to God and not the church. When she moved to Massachusetts, she held religious meetings where she disagreed with many of the Puritan doctrines.
Her gender as a woman also served to infuriate the Puritan leaders who ruled the colony and in 1637, she was put on trial, convicted and banished for her religious beliefs.
taught Frederick Douglass to read when he was a slave
Answer:
Douglass credits Hugh's wife Sophia with first teaching him the alphabet. From there, he taught himself to read and write. By the time he was hired out to work under William Freeland, he was teaching other enslaved people to read using the Bible
Read these sentences. "I heard that the company Gail used to work for was accused of tax fraud. I wouldn't trust her to be on the parent teacher organization committee." Which logical fallacy is used here? moral equivalence bandwagon appeal circular reasoning red herring
Answer:
moral equivalence
Explanation:
the speaker tries to make it seem like someone else doing tax fraud means gail will be bad as well
The logical fallacy is used here is moral equivalence. The correct option is A.
What is logical fallacy?The logical fallacy is false or misguided logic that can be disapproved by the reasoning. These logical fallacies are created with reasons that may look true when hear but when we will apply reasoning and actual logic, this argument can easily be disapproved.
Moral equivalence is an informal fallacy that is mostly used in politics. It uses a logic that uses logic in two topics that are not related to each other.
For example, dogs and cats both have paws and tails, so they are equal to each other is showing the logical fallacy, but it is not logically true. These fallacies have wrong reasoning which can easily be corrected by proof.
Thus, the correct option is A. moral equivalence.
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Should we or should we not debunk the myths that hold societies together but that reduce individual happiness
Answer:
We should not debunk those myths that hold societies together but that reduces individual happiness because a saying says; united we stand, divided we fall.
Which means that when a society is united it also bring about individual happiness. So myths should not be debunked.
give five reasons for european exploration
Answer:
There are three main reasons for European Exploration. Them being for the sake of their economy, religion and glory. They wanted to improve their economy for instance by acquiring more spices, gold, and better and faster trading routes. Also, they really believed in the need to spread their religion, Christianity.