Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

The American Produce Company purchased a truckload of cantaloupes (weighing 4000 pounds) for $800. American Produce separated the cantaloupes into two grades: Superior and economy. The superior grade cantaloupes had a total weight of 3,200 pounds, and the economy grade cantaloupes totaled 800 pounds. American produce sells the superior grade cantaloupes at $0.35 per pound and the economy grade ones at $0.15 per pound.

Required:

Allocate the $800 cost of the truckload to the superior grade and economy grade cantaloupes using the physical quantity method and the relative sales value method.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M944907

Have any Question? 


Related Questions in Basic Finance

1 an interest rate swap has two primary risks associated

1. An interest rate swap has two primary risks associated with it. Identify and explain each risk. 2. Define and explain a constant maturity swap. 3. Explain how an interest rate swap is a special case of a currency swap ...

1 what factors must one consider when deciding on the

1. What factors must one consider when deciding on the appropriate underlying asset for a hedge? 2. For each of the following hedge termination dates, identify the appropriate contract expiration. Assume the available ex ...

This week find the statement of cash flow for a firm of

This week, find the statement of cash flow for a firm of your choosing and report the cash flow ratios. Please report and discuss 3 years of ratios for the three ratios related to debt and dividends but only the current ...

1 explain how uncertainty concerning future interest rates

1. Explain how uncertainty concerning future interest rates would affect the decision to refund a bond issue. 2. Define the following: direct lease, sale-leaseback arrangement, leveraged lease, and financial (capital) le ...

Congratulationsnbsp due to your education skills you have

Congratulations!  Due to your education, skills you have learned, and hard work, you have successfully managed your fledgling start-up company to the point where you are seriously considering an Initial Public Offering ( ...

Sorenson inc has sales of 5119000 a gross profit margin of

Sorenson Inc. has sales of $5,119,000, a gross profit margin of 32.18 percent, and inventory of $1,017,000. What are the company's inventory turnover ratio and days' sales in inventory?

Wilmas vegetable market had the following transactions

Wilma's Vegetable Market had the following transactions during 2012: 1. Issued $25,000 of par value common stock for cash. 2. Recorded and paid wages expense of $10,000. 3. Acquired land by issuing common stock of par va ...

Suppose someone offers the following gamble you pay 7 and

Suppose someone offers the following gamble: You pay $7 and toss a coin. If the coin comes up heads, he pays you $10, and if tails comes up, he pays you $5. You in turn get the idea of offering another person a coin toss ...

1 compare the ethical dilemmas faced by behavioral

1. Compare the ethical dilemmas faced by behavioral scientists with those faced by scientists in other scientific fields. What are the particular ethical problems that arise in behavioral science research? 2. Explain why ...

1 you are promoting a rock concert in your area your

1. You are promoting a rock concert in your area. Your purpose is to earn a profit, so you need to establish the formal structure of a business entity. Assume you organize as a corporation. 2. Contact a local business an ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen