MAT 240 Module Three Assignment Joshua Rivera

[The following information applies to the questions displayed below.]   Pete’s Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the month of August. Pete’s Tennis Shop uses a periodic inventory system.   Date Transactions Units Unit Cost Total Cost August 1 Beginning inventory 8 $ 160 $ 1,280 August 4 Sale ($225 each) 5 August 11 Purchase 10 150 1,500 August 13 Sale ($240 each) 8 August 20 Purchase 10 140 1,400 August 26 Sale ($250 each) 11 August 29 Purchase 11 130 1,430 $ 5,610 For the specific identification method, the August 4 sale consists of rackets from beginning inventory, the August 13 sale consists of rackets from the August 11 purchase, and the August 26 sale consists of one racket from beginning inventory and 10 rackets from the August 20 purchase. 3. Using LIFO, calculate ending inventory and cost of goods sold at August 31.

Complete the inventory table by calculating the total cost of purchases, the goods available for sale, the cost of the goods available for sale, and the ending inventory. Date of purchase Beginning inventory Units Cost per purchased unit 41 $830 Total cost Retail price Total retail per unit value $975

Tamarisk, Inc. reported net sales $880.000: cost of goods sold $572.000: operating expenses $231.000: and net income $74,800. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%) Profit margin Gross profit rate

Question 13 You have an assignment to appraise a dairy heifer feedlot and discovered one recent sale that is highly comparable to your subject property. The unit of comparison for these types of facilities has consistently been based on the total linear feet (LF) of feeding space available. The property is 50 acres and sold for $1,400,000 and contained sixteen pens that each included 120 linear feet of feeding space and measured 120' by 200. Based on this information, what is the sales price per unit of comparison identified by the market?

Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. The following data were collected from last year’s operations (revenues and costs in thousands of dollars).   Store                  Revenues              Costs 101                      $4,120                $4,244 102                        2,247                  2,934 103                        5,768                  5,211 104                        4,022                  4,048 105                        2,944                  3,736 106                        4,063                  3,389 107                        6,914                  5,059 108                        1,809                  2,474 109                        5,516                  4,768 110…

1)Use the following information to answer the question(s) below.   Rearden Metals is considering opening a strip mining operation to provide some of the raw materials needed in producing Rearden metal. The initial purchase of the land and the associated costs of opening up mining operations will cost $100 million today. The mine is expected to generate $16 million worth of ore per year for the next 12 years. At the end of the 12th year Rearden will need to spend $20 million to restore the land to its original pristine nature appearance.The payback period for Rearden's mining operation is closest to:               2) Which of the following statements is false/true?  If you believe that it is incorrect explain with its reasons.   A-Future dividend payments and stock prices are not known with certainty; rather these values are based on the investor’s expectations at the time the stock is purchased. T/F……………………………………………………………………………………………………………………………………………………………………………   B-The capital gain…

If the company does not change its current supply chain, what will its distributioncosts be for the following quarter?

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Based on the following data for Al-Aqsa Company: (5 Marks) - Price = $10 - Average total cost = $6 - number of units produced = 1000 unit Calculate Profit per unit Total profit

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Q24

The government of the Republic of Zambia plans to implement an irrigation project to increase maize production in your district. Answer the following questions. List the possible secondary costs of the project [5 marks]

Q1: Interglobal Paper Company has asked for your help in comparing its present computer systems with a new one. Its board of directors would like to see implemented. Proposed system and present system costs are as follows: Item Year 1 Equipment Lease Salaries Overhead Development Year 2 Equipment Lease Salaries Overhead Development Year 3 Equipment Lease Salaries Overhead Development Year 4 Equipment Lease Salaries Overhead Development Proposed System Costs 20,000 30,000 4,000 30,000 20,000 33,000 4,400 12,000 20,000 36,000 4,900 10000 20,000 39,000 5,500 8,000 a. Graph the costs and show the break-even point. b. Explain your recommendation. Present System Costs 11,500 50,000 3,000 8,000 10,500 55,000 3,300 10,000 10,500 60,000 3,600 16,000 10,500 66,000 4,000 12,000

what is the terminology for this definition below: Year serving as point of comparison for other years

Please give me correct answer with full explanation and calculation Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

Inventory Costing Methods—Periodic MethodThe Luann Company uses the periodic inventory system. The following July data are for an item in Luann's inventory:  July 1 Beginning inventory 30 units @ $9 per unit   10 Purchased 50 units @ $11 per unit   15 Sold 60 units       26 Purchased 25 units @ $13 per unit   Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods.  Note: Round your cost per unit to three decimal places, if needed. Then round your final answers to the nearest dollar. A. First-in, First-out:     Ending Inventory Answer     Cost of Goods Sold: Answer   B. Last-in, first-out:     Ending Inventory Answer     Cost of Goods Sold: Answer   C. Weighted-average cost:     Ending Inventory Answer     Cost of Goods Sold Answer

Case Study Alison Mitchell joined The Look three months ago. The Look is a high street clothes retailer that is mainly based in the UK, but has some stores in continental Europe. Alison is a management trainee who recently finished her history degree at university. She has just come back from a management presentation in which the annual results of the company were announced. She left feeling slightly worried and a little confused. I know the economy has been doing badly and this has hit customer spending. Customers are worried about their jobs, which is not surprising given the high unemployment figures, and many of them have had their wealth hit hard by falling house prices. The economic climate is making everyone a little more cautious. This year's profits for the company were nearly £6 million, which is higher than our competitors. But the board of directors is apparently unhappy with this return, given the investment that has been made into the business. It wants a significant…

#15 Expenses for a Pizza restaurant include raw material for pizza at $4.00 per slice, $119.00 as monthly rental and $41.00 monthly as insurance. Lost sale expense is considered to be $5.00 per unhappy customer. Leftover Pizza can be sold for $3. The restaurant is open 25 days in a month. Today the restaurant prepared 200.00 pizza slices and sells them for $11.00/slice. There was a party at a nearby office so the demand for pizza went up to 223.00 slices. How much profit did the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places.

FOREIGN OBJECTS — AND INSECTS   During 2017 inspections of the Mars Inc. canning facility in Columbus, Ohio, where Pedigree, Iams and Cesar pet foods are manufactured, along with other brands, Mars told inspectors it was hearing consumer complaints about foreign objects — including insects — in the pet food.But the company insisted it was working to fully implement corrective actions.Pest control records at the facility noted damaged cans covered in flies, and dozens of employees had complained about cockroaches in the area, especially at night. Different employees described seeing “multiple roaches,” an “invasion of roaches,” “roaches everywhere” and even “millions of roaches” — which we hope was an exaggeration.Inspectors from the U.S. Food and Drug Administration (FDA) themselves observed 2 live roaches. The FDA stressed the seriousness of the pest problem, and the company “promised correction.”     Around 2015, we started hearing reports of so-called “wires” or plastic…

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16. The following figures relate to one year work in a manufacturing business : Fixed overheads Variable overheads Direct wages Direct materials Sales 12,000 20,000 15,000 41,000 1,00,000 Represent each of the above figures on a break-even-chart, and determine from the chart the break-even point. [Ans. 50,000]

RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 ton of material 3. A ton of solvent base is a mixture of ½ ton of material 1, 1/5 ton of material 2, and 3/10 ton of, material 3. After deducting relevant costs, the profit contribution is $40 for every ton of fuel additive produced and $30 for every ton of solvent base produced. RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has 20 tons of material 1, 5 tons of material 2, and 21 tons of material 3 that are available for production. Assuming that RMC is interested in maximizing the total profit contribution, answer the following: a. Find the optimal solution. How many tons of each product should be produced, and what…

There has been a small increase in the price per pound for the prosciutto, and Mister Dee is concerned that the current menu selling price of $20 for the Pizza Arrabbiata may have to be increased. Therefore, he wants you to update the Recipe Cost Card for Pizza Arrabiata and complete a Plate Cost Card and give him your recommendation for the updated. Menu Item: Pizza Arrabbiata Quantity Sold: 142 Sales Total: 3,500.50