Question
If you could answer all 4 that would be greatly appreciated, thanks 1. Jammer Company uses a weighted average perpetual inventory system and reports the
If you could answer all 4 that would be greatly appreciated, thanks
1.
Jammer Company uses a weighted average perpetual inventory system and reports the following:
August 2 | Purchase | 14 units at $13.50 per unit. |
August 18 | Purchase | 16 units at $20.00 per unit. |
August 29 | Sale | 28 units. |
August 31 | Purchase | 19 units at $16.50 per unit. |
What is the per-unit value of ending inventory on August 31? (Round your per unit answers to 2 decimal places.)
-
$17.50
-
$13.50
-
$16.97
-
$16.54
-
$17.64
2.
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,638. The FICA tax for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,433.27. What is the total amount of taxes withheld from the Portia's earnings? (Round your intermediate calculations to two decimal places.)
-
$2,072.00
-
$3,505.27
-
$2,528.08
-
$2,094.08
-
$1,558.52
3.
A company's warehouse contents were destroyed by a flood on September 12. The following information was the only information that was salvaged:
- Inventory, beginning: $28,100
- Purchases for the period: $17,100
- Sales for the period: $55,100
- Sales returns for the period: $710
The company's average gross profit ratio is 36%. What is the estimated cost of the lost inventory?
-
$28,928.00.
-
$10,390.40.
-
$44,200.00.
-
$45,200.00.
-
$25,619.60.
4.
A company that reports segment information had average total assets of $1,550,450 and total net income of $632,700. Segment A had average total assets of $941,800 and segment operating income of $319,300. Segment B had average assets of $608,650 and segment operating income of $313,400. The segment return on assets for Segment A is:
-
40.8%
-
50.5%
-
33.9%
-
51.5%
-
60.7%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started