Intercontinental, Incorporated, uses a perpetual inventory system. Consider the following information about its inventory: July 1, purchased 10 units for $910 or $91 per unit; July 3, purchased 15 units for $1,590 or $106 per unit; July 14, sold 20 units; July 17, purchased 20 units for $2,300 or $115 per unit; July 28, purchased 10 units for $1,190 or $119 per unit; July 31, sold 23 units. Using weighted average, the cost of goods sold for the sale of 23 units on July 31 is ____ and the inventory balance at July 31 is _____.

Using the weighted average method, the cost of goods sold for the sale of 23 units on July 31 is $2,505 (23 x $108.91) and the inventory balance on July 31 is $1,307.

The weighted-average method of inventory valuation adds all the costs per period and divides this total by the number of units.

The cost of goods sold and the ending inventory costs are based on the computed average cost.

July 1, purchased 10 units for $910 or $91 per unit;  $910

July 3, purchased 15 units for $1,590 or $106 per unit;  $1,590

July 14, sold 20 units

July 17, purchased 20 units for $2,300 or $115 per unit; $2,300

July 28, purchased 10 units for $1,190 or $119 per unit; $1,190

July 31, sold 23 units.

Total units purchased = 55 units          $5,990

The average (weighted average) cost per unit = $108.91 ($5,990/55)

Total units sold = 43

Ending inventory in units = 12 (55 - 43)

Thus, using the weighted average method, the cost of goods sold for the sale of 23 units on July 31 is $2,505 (23 x $108.91) and the inventory balance on July 31 is $1,307 (12 x $108.91).

Learn more about the weighted average method at https://brainly.com/question/4576268

Firms organizing production in centrally powered factories did all of the following
except?
a) promote a more efficient division of labor
b) reduce transportation costs
c) reduce consumer reliance on trade
d) enable the use of specialized machines

When demand and delivery lead time are known and constant, daily demand = 8, purchase lead time = 5 days, and the purchase price = $20/unit, then the reorder point is: a. 32. b. 13. c. 2. d. 40. e. 56.

The transaction firm A issues share of stock to an investment banker, MS. MS then resells the issues to the public is an example of an

Suppose that Markus Braun wanted to have Wirecard be worth 5 billion euros by the end of 2022. He wants to create a plan to accomplish this outcome. What should be his first step in creating that plan

Justine is a new pharmaceutical sales representative for a major pharmaceutical company. Her current method of acquiring new business is to meet with any prospect who is willing to agree to an appointment. This approach is taking up much of her time and isn't leading to the results she had hoped for. What type of approach would you suggest she use in order to improve her results

George is a U.S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2021, George began working in London (for a total of 214 days in 2021). He worked there until January 31, 2022, when he transferred to Paris. He worked in Paris the remainder of 2022. His salary for the first five months of 2021 was $100,000, and it was earned in the United States. His salary for the remainder of 2021 was $175,000, and it was earned in London. George's 2022 salary from Hawk was $300,000, with part being earned in London and part being earned in Paris.

Required:
a. Is George eligible for the foreign income exclusion for 2021 and/or 2022?
b. Determine George's gross income in 2021 and 2022.

The higher your down payment on a home, the
your equity.
A. greater
B. more balanced
C. lesser
D. more equal

Assignment:
In this lesson, you learned about the three legal forms of business ownership: sole proprietorships, partnerships, and
corporations. You also learned about alternative types of business ownershlp Including franchises, nonprofit
organizations, and cooperatives. All of these business forms have thelr own sets of rules, risks, and obligations.
Explain the advantages and disadvantages for each type of business ownership listed above. Then, choose the type of
business ownership that you personally would feel most comfortable participating in. Explain your choice.
Assignment Guidelines:
Your response should include the advantages and disadvantages of the six types of business ownership listed, along
with your choice and explanation. Your response should be approximately one-and-a-half pages long, double-spaced,
standard margins, and 12-polnt Times New Roman font.
Submission Requirements:
Submit a Word document containing your response to the assignment
When submitting written assignments, please remember to:
• Submit the assignment question(s) with your responses.
• Proofread for spelling, grammar, and punctuation.
• Use complete sentence structure.
• Make sure paragraphs have at least six sentences.

Veronica is a sales manager with Puissance Systems. The company management allowed her to attend a workshop on management practices by the University of Oxford to help her develop her skills and reach her full potential. In the context of the needs hierarchy, identify the level of needs best exemplified in this scenario.

A stock has a beta of 1.15, the expected return on the market is 11.3 percent, and the risk-free rate is 3.6 percent. What must the expected return on this stock be

Yoplait, a manufacturer of dairy and plant-based products, sells coffee creamer, milk, and yogurts. It markets a number of yogurts, including Yoplait fat free, Yoplait low sugar, and Yoplait Light. The large variety of yogurts sold by the Yoplait brand is collectively an example of a _______.

When reviewing her Experian credit report, Dela found it to contain inaccurate information. She has informed Experian in writing. Within how much time after receiving the notice is Experian required to investigate

Where can tourist obtain travel vaccinations​

What is the third stage in HR planning?

The demand for money in the economy depends on the: ____________

a. rate of inflation.
b. rate of interest.
c. level of overall transactions.
d. number of employed people.
e. number and availability of ATM machines.

Which are advantages of ensuring you have good potential fit with an organization before accepting a position

A rapid transit vehicle manufacturer produces two types of vehicles that have different dynamic characteristics and door I capacity ratios, so that their specifications are: g

On March 12, Fret Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Fret uses the perpetual inventory system and the gross method of accounting for sales. The journal entry or entries that Fret will make on March 12 is (are):

Which of the following answers is a concept? . Firms b. Students c. Customer satisfaction O d . These are all examples of ' concepts ' .

Lucky Corporation began the year with a simple capital structure consisting of 200,000 shares of outstanding common stock. On April 1, 16,000 additional common shares were issued, and another 32,000 common shares were issued on August 1. The company had net income for the year of $570,000.

Required:
Calculate the earnings per share of common stock.

If I have an F and have nothing to do. what should I do

Following is relevant information for Snowdon Sandwich Shop, a small business that serves sandwiches:

Total fixed cost per month $1,080.00
Variable cost per sandwich 0.75
Sales price per sandwich 5.25

During the month of June, Snowdon sold 560 sandwiches. Complete the contribution margin income statement for the month of June. (Round your final answers to the nearest whole dollar.)

SNOWDON SANDWICH SHOP CONTRIBUTION MARGIN INCOME STATEMENT

MONTH OF JUNE
Contribution Margin
Net Operating Income

what is it you would want to find in a friend
A Loyalty
B Kindness
C Intelligence
D Braveness

TERM 1 : Case Study
DURATION: 2 Hours
TOTAL :50 Marks
Use the tab
NB: This task should be completed under controlled conditions
RE
1.
QUESTION 1
1.1
Read the case study below and answer the questions that follow:
1.1.4 Discu
TUMI MANUFACTURERS LIMITED (TM)
1.1.5 Differ
1.1.6 Advis
Turni manufacturers is a large business that specialises in manufacturing plastic Bottles it has more
than 50 employees. TM has appointed Thabo as the skills development facilitator. Trade union
representatives have access to all information required to do their work effectively. Management of TM
encourages diversity by employing people from the various racial background.
TM has a vacancy for a financial manager. Nadine, the human resource manager conducted job
analysis to obtain information about the business's workforce so that they can place the right person in
the right position
TM has placed an advertisement on the office notice board that contains fringe benefits that the
business will offer to successful candidates.
1.1.7 Iden
ansv
Use
TY
PE
TM boards of directors complained to the top management that the business dealings are not transparent
to all stakeholders, middle managers do not understand their roles and responsibilities. Lerato, the
marketing manager usos Bait and switch techniques to promote products.
Management of TM designed a questionnaire consisting of questions on how to improve the quality of
their products and distributed it the panel members. They described the current situation and desired
situation. List all driving/pros and restraining cons forces that will support and resist change.
1.1.8 EX
TM
[Source adapted from: Business Ideas .co.za Accessed on 26 November 20211
1.1.9 Qu
tec
1.1.1 Identify TWO Acts that Tumi Manufacturum

What is the difference between strategic leadership and leadership?

Consider a market where the demand and supply for the good are described by the following equations: begin mathsize 14px style straight Q subscript straight D space equals space 225 space minus space 3 straight P end style and begin mathsize 14px style straight Q subscript straight S space equals space minus space 22.5 space plus space 1.5 straight P end style If the government implements a price ceiling of $45, this will result in

________ corporate social responsibility (CSR) refers to the philanthropic approach to CSR in which organizations target programs that will generate the most positive publicity or goodwill for the organization but which runs the greatest risk of being perceived as self-serving behavior on the part of the organization.

Chick-fil-A restaurants want to find out the lifetime value of their satisfied and highly satisfied consumers. A satisfied consumer visits Chick-fil-A 3 times a month and spends $9 each time. On average this type of consumer purchases products from Chick-fil-A for 4 years. A highly satisfied consumer visits Chick-fil-A 5 times a month and spends $12 during each visit. On average a highly satisfied consumer purchases products from Chick-fil-A for 8 years. Calculate the lifetime value of (i) a satisfied consumer; and (ii) a highly satisfied consumer (show your work step by step). What is the implication of this lifetime value calculation

Assuming the same coupon rate and maturity length, the difference between the yield on a Treasury Inflation Indexed Security and the yield on a nonindexed Treasury security provides insight into:___________

a. the nominal interest rate.
b. the real interest rate.
c. the nominal exchange rate.
d. the expected inflation rate.

At the beginning of last year, Tarind Corporation budgeted $1,300,000 of fixed manufacturing overhead and chose a denominator level of activity of 650,000 machine-hours. At the end of the year, Tari's fixed manufacturing overhead budget variance was $15,500 favorable. Its fixed manufacturing overhead volume variance was $24,800 favorable. Actual direct labor-hours for the year were 675,000. What was Tari's total standard machine-hours allowed for last year's output