Moath Company reports the following for the month of June.
Date Explanation Units Unit Cost Total Cost
June 1 Inventory 200 $5 $1,000
12 Purchase 400 6 2,400
23 Purchase 300 7 2,100
30 Inventory 100
Assume a sale of 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on June 27 for $9.
Required:
Calculate cost of goods available for sale.
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Ответ:
$5,500
Explanation:
The Cost of Goods available for sale is the price of the inventory and purchases that the company intends to sell.
June 1 Inventory = $1,000
June 12 Purchase = $2,400
June 23 Purchase = $2,100
Cost of goods available for sale = 1,000 + 2,400 + 2,100
= $5,500
Ответ:
A bond of high quality is considered a lower-risk investment compared to stock because D. A bond typically pays a fixed, predictable amount of interest each year.
Stocks and bonds are both assets which investors use in their portfolios. Stocks offer an ownership stake in a company, while bonds are loans made to an organization. Stocks are riskier because they are more volatile than bonds.