Using the information given below for a company that uses a perpetual inventory system, calculate the ending inventory using weighted average.?UnitsUnit CostBeginning inventory100$10Jan. 5 purchased4012Jan. 10 sold60-Jan. 15 purchased7013Jan. 25 sold50-

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?PurchasesCost of goods soldBalance
DateUnitsUnit costTotalUnitsUnit costTotalUnitsUnit costTotal
1/1??????100$10.00$1,000
1/540$12$480???140$10.57*$1,480
1/10???60$10.57$63480$10.57$846
1/1570$13$910???150$11.71**$1,756
1/25???50$11.71$585100$11.71$1,171

*$1,480/140 units = $10.57/unit
**$1,756/150 units = $11.71/unit

Business

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Accurate Reports has 50 employees each working 40 hours per week and earning $25 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% of the first $128,400 earned per employee and 1.45% thereafter. Unemployment taxes are 3.8% of the first $7,000 earned per employee.1. Compute the total salaries expense, the total withholdings from employee salaries, and the actual payroll payment (salaries payable) for the first week of January.2. Compute the total payroll tax expense Accurate Reports will pay for the first week of January.

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Business

Which guideline for deciding on the number of MDS dimensions warns that it is difficult to interpret configurations or maps derived in more than three dimensions?

A) a priori knowledge B) interpretability of the spatial map C) ease of use D) elbow criterion

Business

An innovation management system would most likely be used by ________

A) managers to update details about customer information B) brand managers to collect, review, and evaluate new product ideas C) suppliers to access inventory information D) product managers to track logistics of a new product E) human resource managers to update information on employee incentives

Business

______ is the process of gaining and using power.

a. Coalition building b. Networking c. Politics d. Reciprocity

Business