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HELP I ONLY HAVE TWENTY MINUTES!!! HELP HELP HELP! I HAVE POSTED SEVERAL DIFFERENT QUESTIONS PLEASE HELP!!! Razorback, Inc. invested $100,000 in a fixed-income security
HELP I ONLY HAVE TWENTY MINUTES!!! HELP HELP HELP! I HAVE POSTED SEVERAL DIFFERENT QUESTIONS PLEASE HELP!!!
Razorback, Inc. invested $100,000 in a fixed-income security on January 1, 2017. The security had a 7% coupon rate, and paid interest semi-annually. On July 1, 2017, Razorback received its first coupon payment of $3,500. During the period interest rates declined and the market value of the securities is now $105,000. If the company classifies the securities as "available-for-sale", then the company's income statement will increase by $ as a result of the bond investment. O a. $ 0 b. $3,500 O c. $5,000 O d. $7,000 O e. $8,500 QUESTION 11 3.33333 points Save Answer On January 1, 2016 Oxford Company had 3,500 units in inventory at a cost of $9 per unit. During 2016 Oxford company purchased 3,000 units (Lot #1 - the first units purchased during the year) at a cost of $9.50 per unit, 2,000 units (Lot #2) at a cost of $10.50 per unit and 2,500 units (Lot #3) at a cost of $10 per unit. The company sold 8,700 units during 2016 at a sales price of $12.25 per unit. If Oxford Company uses a periodic inventory system and the weighted average cost method, then what is the company's cost of goods sold for 2016? O a. $23,575 b. $83,000 OC. $83,836 d. $85,300Step by Step Solution
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