Oriole Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows: Units Per unit price Total Balance, 1/1/2017 340 $6.0 $2040 Purchase, 1/15/2017 170 ..6 1003 Purchase, 1/28/2017 170 ..6 1054 An end of the month (1/31/2017) inventory showed that 270 units were on hand. How many units did the company sell during January 2017?

Answer:

The number of units sold by the company during January 2017 is 410.

Explanation:

Note: The data in the question are merged together. They are therefore sorted before answering the question as follows:

                                Units         Per unit price         Total

Balance, 1/1/2017        340                  $6.0              $2040

Purchase, 1/15/2017    170                     ..6                  1003

Purchase, 1/28/2017    170                    ..6                  1054

The explanation of the answer is now given as follows:

Total units available for sales during January 2017 = 340 + 170 +170 = 680

Units on hand at end of the month (1/31/2017) = 270

Number of units sold by the company during January 2017 = Total units available for sales during January 2017 - Units on hand at end of the month (1/31/2017) = 680 - 270 = 410

Therefore, the number of units sold by the company during January 2017 is 410.

Crane Corp., a company whose stock is publicly traded, provides a noncontributory defined-benefit pension plan for its employees. The company's actuary has provided the following information for the year ended December 31, 2021: Projected benefit obligation $ 622000 Accumulated benefit obligation 449000 Fair value of plan assets 740000 Service cost 180000 Interest on projected benefit obligation 12000 Amortization of prior service cost 36000 Expected and actual return on plan assets 46500 The market-related asset value equals the fair value of plan assets. No contributions have been made for 2021 pension cost. In its December 31, 2021 balance sheet, Crane should report a pension asset / liability of

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Divisibility" refers to the fact that money is divided into denominations for ease in completing transactions
O a. True
O b. False

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Northwest Clothing Supply has the following transactions during the year related to stockholders' equity:

January 1 Issues 3,000 shares of no-par value common stock for $22 per share.
March 15 Issues 900 shares of $20 par value preferred stock for $23 per share.
December 1 Declares a cash dividend of $1 per share to all stockholders of record (both common and preferred) on December 15.
December 15 Northwest Clothing Supply has fixed the Record Date for both common and preferred shares as December 15.
December 31 Pays the cash dividend declared on December 1.

Required:
Record each of these transactions.

A construction firm can achieve a $15,000 cost savings in Year 1, increasing by $3000 each year for the next 5 years, by converting their diesel engines for biodiesel fuel. At an interest rate of 15%, what is the equivalent annual worth of the savings?

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A facility is setting up an assembly line to produce 75 units per day, working 24 hours per day. Calculate the desired cycle time in minutes per unit.

Task Time (Min) Predecessors
A 4 -
B 3 -
C 5 A
D 5 A,B
E 3 C,D

Marilyn entered into a contract and sold equipment to Sam who claimed to be acting on behalf of ABC Corporation. Marilyn was not paid, and upon investigation, she learned that while the articles of incorporation were filed for ABC Corporation, they were never issued. Which of the following is the applicable law in regard to her position in a majority of states?
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c. The majority of states follow the revised MBCA under which the filing of the articles of incorporation, regardless of whether there is a return copy stamped by the secretary of state, is conclusive proof of incorporation; and the corporation itself is liable for business debts from that point forward.
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The total earnings of an employee for a payroll period is referred to as

Sunland Company has outstanding accounts receivable totaling $1.28 million as of December 31 and sales on credit during the year of $6.36 million. There is also a debit balance of $6300 in the allowance for doubtful accounts. If the company estimates that 3% of its accounts receivable will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense?

Kenny, Inc. is looking at setting up a new manufacturing plan in South Park. The company bought some land six years ago for $5.3 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent facilities elsewhere. The land would net $7.4 million if it were sold today. The company now want to build its new plant on this land. The plant will cost $26.5 mill to build, and the site requires $1.32 mill worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project? (answer in millions i.e. 12.63 for $12.63 million)

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Determine the original investment for the following related subsequent cash flows if the internal rate of return (IRR) is 12%.



A :
$17,438.62

B :
$19,975.40

C :
$22,767.86

D :
$21,875.00

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Supply and demand determine the relative value of any two currencies through the foreign exchange market

a. True
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Must be 3-4 sentences pls

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