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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The concepts of natural selection and evolution are central to how most biologists
understand and interpret the world, and yet the theory of evolution is contrary to the
beliefs of many religious groups. Why do you think this theory is so important to science
and so strongly opposed by others? What evidence would be required to convince
opponents of evolution?
Answer:
For many people of different religious beliefs, the theory of evolution does not pose a conflict. However, Christian fundamentalists, in particular, may portray evolution and religion as in opposition to each other. Some people think that, to accept the key tenets of evolutionary thought is to deny their religious beliefs, and this prospect can generate considerable conflict. This is not helped by some proponents of evolution, who make derogatory statements about religious beliefs and promote evolution as explaining all there is to know about life. It is important to understand that western science developed within the Church and Philosophers traditionally explained the wonders of natural life through a creator. However, our knowledge and understanding of the natural world, developed through the application of the scientific method, has provided us with a modern and testable explanation for the history and relationships of living things.
This writing team takes the position that there is no conflict between Religion and Evolution because they are two incompatible areas that have nothing to do with each other. We do, however, understand that this is not necessarily the opinion of all. We have, for that reason, prepared the following section to spark critical discussion and reflection on some of the issues.
Darwin and Evolution
Why were Darwin's findings so controversial, and why do they still pose a challenge to some people's religious beliefs.
Specialists' panel
We have documented a number of previously published statements from specialists, stating why the acceptance of evolution poses no threat to their faith, or to them teaching evolution at school.
Roundtable discussion
For the roundtable discussion we have asked scientists a set of questions to which they have replied. These could be used as a starting point for discussion and critical thought.
Darwin and Evolution
Darwin's book, "The Origin of Species" belongs to the category of scientific work that is much discussed but is often not actually read. His findings are amongst the most significant and important that have ever been produced by scientists.
Natural selection simply means the mechanism of evolution. Through this process, the organisms that are adapted to a particular environment will be able to survive.
Natural selection is vital to how organisms are able to adapt and change over time. Natural selection is a process that drives evolution. It also leads to the diversity of life.
The theory of evolution states that all species are related and then change gradually over time. This is contrary to religious beliefs that believe that everyone is made from the image of a superior being and that we didn't evolve.
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Line graphs plot along “ x “and “y “
axes
Answer:
yes
Explanation:
that statement is true
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!
divide into the simplest form
5/6÷3
explain the symbiotic relationship that exists between science and technology
Answer:
science is the study of the natural world by scientific method i.e collecting data through a systematic process.and technology is is where we apply science to create devices that can solve problems and perform different tasks.technology is literally the application of science.
I hope this helps
What is environmental resistance? How does it affect populations?
Answer:
Environmental resistance factors are all the things that keep a population of organisms from endlessly increasing.
They lower the chances for reproduction, affect the health of organisms, and raise the death rate in the population.
Explanation:
As Environmental Resistance increases, population growth slows and eventually stops.
Which sentence best restates this information?
1) Alan is the best sales rep on the team under normal circumstances, but he's
missed his goals for three months in a row, and now his boss is concerned.
OR
2) Alan's boss is worried because Alan has missed his sales goals for three
months running and is usually the best sales rep on the team.
Justify choice.
Answer:
1) Alan is the best sales rep on the team under normal circumstance, but he's missed his goals for three months in a row, and now his boss is concerned.
trình bày ý nghĩa của sinh viên với môn học tư tưởng hồ chí minh
Answer:
Học tập tư tưởng Hồ Chí Minh góp phần giáo dục đạo đức, tư cách, phẩm chất cách mạng, biết sống ở đời và làm người hợp đạo lý, yêu cái tốt, cái thiện, ghét cái ác, cái xấu; nâng cao lòng tự hào về Người, về Đảng Cộng sản Việt Nam, tự nguyện “sống, chiến đấu, lao động, học tập theo gương Bác Hồ vĩ đại”.
Over the past five hundred years, how many species are known to have gone extinct?
Group of answer choices
a, 500 species
b. 750 species
c. 900 species
d. an unknown number of species
vai trò của cô giáo mầm non trong việc tổ chức các hoạt động giáo dục tích hợp theo chủ đề cho trẻ ở trường mầm non.
Answer:
hi
Explanation:
define office resources
Answer:
Sheets of paper, staples, glue, computers, desks, pens, pencils, printers.
Explanation:
All resources at the employee's hands to use.
the balance of payment between Vietnam and Iran
Answer:
ESTA SPEAK SPANISH?
Explanation:
PIB anual 2019 294.361M.€ 556.579M.€ 2020 PIB anual
PIB anual 2019 329.537M.$ 635.724M.$ 2020 PIB anual
PIB Per Capita 2019 3.051€ 6.684€ 2020 PIB Per Capita
PIB Per Capita 2019 3.415$ 7.635$ 2020 PIB Per Capita
If enough experimental data supports a hypothesis, then it:
O A. Is proven 100% true.
O
B. Is falsified.
OC. Is accepted as true until prolan false.
OD. Becomes an Observational Law
Answer: C) Is accepted as true until proven false
==========================================================
Explanation:
We cannot prove the hypothesis to be 100% true because there might be data out there that we haven't accounted for, or some scenario that we haven't thought of yet. There's always going to be room for uncertainty and doubt. Keep in mind that such doubt does not necessarily mean that the theory is automatically false.
So all of this rules out choice A.
Choice B is ruled out as well because data supporting a hypothesis doesn't falsify the hypothesis. The term "falsify" means "to prove false" as you'd expect.
Choice C is the answer because the data seems to support the hypothesis and again we leave room for error. It's quite possible that in some unspecified date in the future, there are better methods of measurement to get a better sense of what's going on.
Choice D is ruled out because a law refers to something like the law of gravity. It's something you observe but it doesn't explain why something works. It doesn't provide the underlying mechanics of what's going on. We simply just report what we see which is exactly what an observation is.
The term for an urban or metropolitan area that is significantly warmer than its surrounding rural areas due to human activities is _________.
a. urban sprawl
b. urban heat island effect
c. heat pollution
d. none of the above
các kỹ năngcủa một người lãnh đạo cần có và giải thích từng vai trò của từng kĩ năng
Answer:
Phẩm chất cần có của người lãnh đạo. Để trở thành người lãnh đạo, bạn cần phải trải qua một thời gian dài được rèn luyện những phẩm chất cần có và học tập kinh nghiệm từ những người đi trước. ...
Tầm nhìn xa. ...
Sự tự tin. ...
Tính kiên định. ...
Biết chấp nhận mạo hiểm. ...
Sự kiên trì ...
Sự quả quyết. ...
Sẵn sàng hy sinh lợi ích cá nhân.
discuss the assertion that non formal institution have no role to play at the processing stage of the system thery is an empty rhetoric?
Hi! ñññññññññññññññññññññ
Answer:
hi řřřřřřřřřřřřřřřřřřř
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:
The A option is answer from above question.
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.
George Perkins Marsh was considered to be :
Group of answer choices
a. the first environmental preservationist
b. the father of the environmental movement
c. one of the first to argue for an ethical response to Nature
d. all of the above
Answer: D. All of the above
Explanation:
George Perkins Marsh, was a well known scholar and naturalist. He was known as the founders of the environmental movement.
He was a lover of knowledge and he was happy to use his knowledge for a positive cause in the world. He wrote a book titled, Man and Nature, where he discussed how humans and the natural world should have a harmonious relationship. He also explained that there'll be dangers when the natural resources are used up too quickly.
Hel also argued that deforestation was dangerous and through his works, the Adirondack Park was created which was a forest preserves. Therefore, based on the options given, Perkins Marsh was the first environmental preservationist, the father of the environmental movement and one of the first to argue for an ethical response to Nature.
Therefore, the correct option is All of the above.
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:
Biểu diễn trong mặt phẳng dọc các loại lực tác dụng lên oto có hai cầu chủ động đang giảm tốc xuống dốc
Answer:
Biêu diên trong mât phãng doc các loai luc tác dung let oto có hai cãu chu dông dang giäm töc xuöng döc
What the correct answer
Answer:
i think its C
Answer:
your answer is C
he wasindeed the first one
how much of the total food cultivation was actually found in North America?
Grains, fruits and vegetables were farmed in North America. The cultivation begin there at 5000 bp.
The tropical zones of North America grows oranges, sugar cane, banana and cocoa. Theses crops grow on humid mountains and coastal plains.
The total crops grew were more than $136 billion. This contributed 0.6% of GDP of America.
The total gross Domestic product of America is much high and agriculture crops amount to very small part but still it is one of n important source for economy.
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Son un par de órganos glandulares mixtos ubicados las bolsas escrotales
Seleccione una:
A. TESTÍCULO
B. PENE
C. TROMPA DE FALOPIO
D. PROSTATA
E. OVARIO
Answer:
TESTÍCULO
Explanation:
For each of the following, come up with a hypothesis to explain the given fact. Explain why your hypothesis is adequate and indicate how you would tell whether the hypothesis is true. In other words, how would you test your hypothesis?
1. When we spend a lot of time looking forward to something, and expect to enjoy it, we are often disappointed.
Hypothesis:
Testing Procedure:
2. In midterm elections (those held midway through a president’s term), the president’s party usually loses seats in Congress.
Hypothesis:
Testing Procedure:
Answer:
1. Hypothesis: High expectations in a situation generate frustration.
Testing Procedure: Interview some volunteers and ask them to describe their expectations about a given situation. Reproduce the situation below the volunteers' expectations and ask them to describe the emotions they felt when living the experience below expectations.
2. Hypothesis: The president-elect's party loses voters, because of the agenda the president is following that disappoints the voters he had.
Testing Procedure: Select a group of volunteers who voted for the president-elect and ask them to explain their level of satisfaction with the current government and how likely they are to vote for the president-elect's party candidates in midterm elections.
Explanation:
In a scientific experiment, the hypothesis is an assumption that the researcher makes about what will be researched, that is, the hypothesis is something that the researcher thinks happens and that he will prove that it is true or not through texts that make up the experiment. These tests will generate data, which the researcher will evaluate and be able to interpret, generating a conclusion. This conclusion is able to show whether the researcher's hypothesis was correct or not.
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
what is meaning of bones
Answer:
Bones means Cartilage
The bone is the living tissue that makes the body skeleton. it is also a connective tissue that forms the framework that supports the body.
Which of the following is the last step in creating a budget. Determine savings r debt. Identifying variable expenses. Identify income r identify fixed expenses which one the answer
Answer:
The first step in creating a budget is to identify the amount of money you have coming in.
Estimate Expenses.
Estimate Income.
Determine Savings.
Balance Budget.
Explanation:
MAY BE THIS.
