Answer: Its b. The value of a country’s currency drops.
Explanation: I did the test and got 100%
Mannisto Inc. uses the FIFO inventory cost flow assumption. In a year of rising costs and prices, the firm reported net income of $260,472 and average assets of $1,427,670. If Mannisto had used the LIFO cost flow assumption in the same year, its cost of goods sold would have been $36,100 more than under FIFO, and its average assets would have been $31,190 less than under FIFO. Required: a. Calculate the firm's ROI under each cost flow assumption (FIFO and LIFO). (Enter your answers as percentages rounded to 1 decimal place (i.e., 12.2%).) b. Suppose that two years later costs and prices were falling. Under FIFO, net income and average assets were $304,072 and $1,746,020, respectively. If LIFO had been used through the years, inventory values would have been $43,040 less than under FIFO, and current year cost of goods sold would have been $24,802 less than under FIFO. Calculate the firm's ROI under each cost flow assumption (FIFO and LIFO). (Enter your answers as percentages rounded to 1 decimal place (i.e., 12.2%).)
Answer:
Please see attached solution to the question above.
Explanation:
a. ROI under FIFO = 18.2%
ROI under LIFO = 16.1%
b. ROI under FIFO = 17.4%
ROI under LIFO = 19.3%
Further explanation is as attached below for the above question.
Windsor Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $355,200 and a remaining useful life of 8 years. During 2020, Windsor incurred research and development costs of $93,000 and brought a patent infringement suit against a competitor. On December 1, 2020, Windsor received the good news that its patent was valid and that its competitor could not use the process Windsor had patented. The company incurred $102,000 to defend this patent. At what amount should patent(s) be reported on the December 31, 2020, balance sheet, assuming monthly amortization of patents?
Answer:
$411,600
Explanation:
the patent's carrying value on January 1, 2018 was $355,200
its remaining useful life is 8 years or 96 months
patent amortization per month = $355,200 / 96 = $3,700
legal costs increase the patents carrying value by $102,000, which will increase the amortization per month by $102,000 / (96 - 11) = $1,200
the company amortized the patent by $3,700 for 11 months and its December amortization was $3,700 + $1,200 = $4,900
total amortization for the year = ($3,700 x 11) + $4,900 = $45,600
patent's carrying value = ($355,200 + $102,000) - $45,600 = $411,600
Job costing, process costing. In each of the following situations, determine whether job costing or process costing would be more appropriate.
a. A CPA firm
b. An oil refinery
c. A custom furniture manufacturer
d. A tire manufacturer
e. A textbook publisher
f. A pharmaceutical company
g. An advertising agency
h. An architecture firm
i. A flour mill
j. A paint manufacturer
k. A nursing home
l. A landscaping company
m. A cola-drink-concentrate producer
n. A movie studio
o. A law firm
p. A commercial aircraft manufacturer
q. A management consulting firm
r. A plumbing contractor
s. A catering service
t. A paper mill
u. An auto repair shop
Answer:
a. A CPA firm Job costing
b. An oil refinery Process costing
c. A custom furniture manufacturer Process costing
d. A tire manufacturer Process costing
e. A textbook publisher Process costing
f. A pharmaceutical company Process costing
g. An advertising agency Job costing
h. An architecture firm Job costing
i. A flour mill Process costing
j. A paint manufacturer Process costing
k. A nursing home Job costing
l. A landscaping company Job costing
m. A cola-drink-concentrate producer Process costing
n. A movie studio Job costing
o. A law firm Job costing
p. A commercial aircraft manufacturer Process costing
q. A management consulting firm Job costing
r. A plumbing contractor Job costing
s. A catering service Job costing
t. A paper mill Process costing
u. An auto repair shop Job costing
Explanation:
You are considering two equally risky annuities, each of which pays $5,000 per year for 10 years. Investment ORD is an ordinary (or deferred) annuity, while Investment DUE is an annuity due. Which of the following statements is CORRECT? Group of answer choices The present value of ORD exceeds the present value of DUE, and the future value of ORD also exceeds the future value of DUE. If the going rate of interest decreases from 10% to 0%, the difference between the present value of ORD and the present value of DUE would remain constant. A rational investor would be willing to pay more for DUE than for ORD, so their market prices should differ. The present value of DUE exceeds the present value of ORD, while the future value of DUE is less than the future value of ORD. The present value of ORD exceeds the present value of DUE, while the future value of DUE exceeds the future value of ORD.
Answer:
A rational investor would be willing to pay more for DUE than for ORD, so their market prices should differ.
Explanation:
If both annuities pay the same amount ($5,000 per year), then the present value of the annuity due will always be higher than the present value of the ordinary annuity. Therefore, an investor will always be willing to pay more (at equal risk) for the annuity due than the ordinary annuity.
E.g. let say that both annuities carry a 10% interest rate.
The present value of the annuity due is:
PV = $5,000 + [$5,000 x 5.7590 (PV annuity factor, 10%, 9 periods)] = $33,795
The present value of the ordinary annuity is:
PV = $5,000 x 6.1446 (PV annuity factor, 10%, 10 periods) = $30,723
The logic behind this is that $1 today is worth more than $1 tomorrow, and the annuity due's first payment is today, while the ordinary annuity's first payment is in 1 year.
Preparing adjusting entries LO P1, P3, P4
a. Wages of $10,000 are earned by workers but not paid as of December 31.
b. Depreciation on the company’s equipment for the year is $10,600.
c. The Office Supplies account had a $390 debit balance at the beginning of the year. During the year, $5,251 of office supplies are purchased. A physical count of supplies at December 31 shows $575 of supplies available.
d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,600 of unexpired insurance benefits remain at December 31.
e. The company has earned (but not recorded) $900 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10.
f. The company has a bank loan and has incurred (but not recorded) interest expense of $5,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5.
For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31.
Answer:
Adjusting Journal Entries:
a. Debit Wages Expense $10,000
Credit Wages Payable $10,000
To record unpaid wages as of December 31.
b. Debit Depreciation Expense - Equipment $10,600
Credit Accumulated Depreciation - Equipment $10,600
To record depreciation expense for the year.
c. Debit Supplies Expense $5,066
Credit Supplies $5,066
To record the supplies expense for the year.
d. Debit Insurance Expense $3,400
Credit Prepaid Insurance $3,400
To record the insurance expense for the year.
e. Debit Interest Revenue Receivable $900
Credit Interest Revenue $900
To record earned interest receivable.
f. Debit Interest Expense $5,000
Credit Interest Expense Payable $5,000
To record interest on bank loan incurred.
Explanation:
The above adjusting entries are made in order to ensure that transactions are recorded in accordance with the accrual concept and matching principle of generally accepted accounting principles. These require that expenses and revenues are accrued to the period that they are incurred or earned and not when they are paid or received in cash.
Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a cost of $1,290,000 that is currently appraised at $1,490,000. The equipment originally cost $770,000 and is currently valued at $517,000. The inventory is valued on the balance sheet at $460,000 but has a market value of only one-half of that amount. The owner expects to collect 99 percent of the $250,200 in accounts receivable. The firm has $11,000 in cash and owes a total of $1,490,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm?
Answer: $1,005,698
Explanation:
The following can be gotten from the question:
Building = $1490000
Add: Equipment= $517000
Add: Inventory:
= [$460000 × 1/2]
= $230000
Add: Accounts receivable:
= $250200 × 0.99
= $247698
Add: Cash = $11000
Less : liabilities = $1490000
Market value = $1,005,698
Therefore, the market value of the firm is $1,005,698.
When cell phones were first entering the market, they were relatively large and reception was undependable. All cell phones were essentially the same. But as the technology developed, many competitors entered, introducing features unique to their phones. Today, cell phones are only a small fraction of the size and weight of their predecessors. Consumers can buy cell phones with color screens, cameras, Internet access, daily planners, or voice activation (and any combination of these features). The history of the cell phone demonstrates what marketing trend? Group of answer choices Markets evolve toward greater heterogeneity over time. Product diversity declines as more market segments develop. Technology advances are almost always introduced by market leaders. Market segmentation usually forces existing companies out of business. New competitors seldom bring innovation into an existing market.
Answer:
The correct answer is: Markets evolve toward greater heterogeneity over time.
Explanation:
The history of cell phones shows a marketing trend that markets evolve towards greater heterogeneity over time.
This occurs in relation to market segmentation, that is, organizations identify groups of consumers with similar tastes and develop all their marketing actions to reach a certain demand according to their needs, tastes and preferences. Market segmentation creates a heterogeneous market, with differentiated products in terms of functionality, design, price, benefits, etc., so that existing demands are met.
A production department in a process manufacturing system completed its work on 84,000 units of product and transferred them to the next department during a recent period. Of these units, 25,200 were in process at the beginning of the period. The other 58,800 units were started and completed during the period. At period-end, 16,200 units were in process. Prepare the department’s equivalent units of production with respect to direct materials under each of the three separate assumptions using the FIFO method for process costing
Answer:
FIFO method equivalent units are obtained by adding the beginning WIP and units started and deducting the ending WIP.
The equivalent units under each of the three assumptions are
Materials Conversion 67,800 67,800
Materials Conversion56730 56730
Materials Conversion 69060 69060
Explanation:
Assumption 1 : all materials are added at the beginning of the process and conversion is 100% complete
Particulars Units % of Completion Equivalent Units
Materials Conversion Materials Conversion
BWIP 25,200 100 100 25,200 25,200
Add
Units Started 58,800 58,800 58,800
Less
Units Completed
16,200 16,200 16,200
Equivalent Units 67,800 67,800
Assumption 2:
Beginning Inventory is 40% complete as to materials and conversions and ending inventory is complete 75 %as to materials and conversions.
Particulars Units % of Completion Equivalent Units
Materials Conversion Materials Conversion
BWIP 25,200 40 40 10,080 10,080
Add
Units Started 58,800 58,800 58,800
Less
Units Completed
16,200 75 75 12150 12150
Equivalent Units 56730 56730
Assumption 3:
Beginning Inventory is 60% complete as to materials and conversions and ending inventory is complete 30 %as to materials and conversions.
Particulars Units % of Completion Equivalent Units
Materials Conversion Materials Conversion
BWIP 25,200 60 60 15,120 15,120
Add
Units Started 58,800 58,800 58,800
Less
Units Completed
16,200 30 30 4860 4860
Equivalent Units 69060 69060
FIFO method equivalent units are obtained by adding the beginning WIP and units started and deducting the ending WIP.
Jan Holliday Dance Studios is a chain of 45 wholly owned dance studios that offer private lessons in ballroom dancing. The studios are located in various cities throughout the southern and southeastern states. Holliday offers a set of 12 private lessons; students may pay for the lessons one at a time, but each student is required to enroll for at least a 12-lesson plan. The 20-, 40-, and 100-lesson plans offer savings. Each dance instructor is paid a small salary plus a commission based on the number of dance lessons provided. Required:2. Indicate whether the cost should be classified as (a) direct, (b) indirect, (c) variable, and (d) fixed with respect to the following list for the cost objects.
Answer:
If the Studio is the cost object, then all the costs that can be attributed to the studio itself will be direct and that includes all the costs except the Planning and development materials sent from the home office, because that comes from the home office not the studio in question.
As per the question, all the costs are also variable because there are different payment plans and the offers by the studio as well as materials needed are dependent on the number of students they have. Advertisements are a set price however and do not depend on the number of students and so are fixed .
If the Lessons were the cost objects, everything that cannot be linked directly to the lessons is an indirect cost. This includes all the costs excerpt the dancing instructors' salary as this is linked directly to the number of lessons they offer.
All costs will also be fixed because they are independent of the lessons offered and so are set amounts. The dancing instructors' salary is also fixed as the rates do not change in relation to lesson prices.
Medusa Products uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginning of the year, management estimated that the company would work 86,000 machine-hours and incur $215,000 in manufacturing overhead costs for the year. Required: 1. Compute the company's predetermined overhead rate. (Round your answer to 2 decimal places.) 2. Assume that during the year the company actually worked only 80,500 machine-hours and incurred $210,000 of manufacturing overhead costs. Compute the amount of underapplied or overapplied overhead for the year. (Round your intermediate calculation to 2 decimal places.)
Answer:
1. $2.50
2. $8,855.00
Explanation:
1. The computation of the company's predetermined overhead rate is shown below:-
1. Predetermined Application rate = Manufacturing overhead costs ÷ Machine hours
= $215,000 ÷ 86,000
= $2.50
2. The computation of the amount of underapplied or overapplied overhead for the year is shown below:-
Actual application = Manufacturing overhead costs ÷ Machine hours
= $210,000 ÷ 80,500
= 2.61
Now the under absrobed is
= 2.61 - 2.50
= 0.11
Now the under overhead is
= 80,500 × 0.11
= $8,855.00
Broadbill Corporation, a calendar year C corporation, has two unrelated cash method shareholders: Marcia owns 51% of the stock, and Zack owns the remaining 49%. Each shareholder is employed by the corporation at an annual salary of $240,000. During 2020, Broadbill paid each shareholder-employee $220,000 of his or her annual salary, with the remaining $20,000 paid in January 2021. Determine how much of the 2020 salaries for Marcia and Zack is deductible by Broadbill in 2020 if the corporation is (a) a cash method taxpayer and (b) an accrual method taxpayer.
Answer:
A. $440,000
B. $460,000
Explanation:
a. Calculation for the amount deductible under the cash method taxpayer
Using this formula
Amount Deductible =Actual payments *Number of Shareholders
Let plug in the formula
Amount Deductible = ($220,000 × 2)
Amount Deductible =$440,000
Therefore the amount deductible under the cash method taxpayer will be $440,000
b. Calculation for the amount deductible under the accrual method taxpayer
Using this formula
Amount Deductible = Amount paid to each shareholder-employee +Each shareholder annual salary
Let plug in the formula
Amount Deductible = $220,000+$240,000
Amount Deductible = $460,000
Therefore the amount deductible under the accrual method taxpayer will be $460,000
Fact Pattern: Jackson Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Jackson has established the following standards for the prime costs of one unit of product: Standard Standard Standard Quantity Price Cost Direct materials 5 pounds $ 3.60/pound $18.00 Direct labor 1.25 hours $12.00/hour 15.00 $33.00 During May, Jackson purchased 125,000 pounds of direct materials at a total cost of $475,000. The total factory wages for May were $364,000, 90% of which were for direct labor. Jackson manufactured 22,000 units of product during May using 108,000 pounds of direct materials and 28,000 direct labor hours. Question Jackson’s direct labor usage (efficiency) variance for May is
Answer:
Efficiency varaince 6,000 unfavorable.
Explanation:
[tex](standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance[/tex]
std hours 27,500.00 (22.000 units x 1.25 units per hour)
actual hours 28,000.00
std rate $ 12.00
difference -500.00
efficiency variance $ (6,000.00)
Par On, a firm that creates games for mobile devices and PCs, has an unusual training program for all its new employees. The program lasts for five days and does not involve doing any work. During this period the trainees, in teams of three, visit different departments, gathering information about the company and various department functions. Additionally, they are paired with more experienced employees to discuss their goals at the company and to learn more about the organization's culture and policies. The form of training used for new employees at Par On is known as
Answer:
On boarding
Explanation:
The process of creating a new employee on boarding has been going on since the employee in the company was established. Orientation is the onboarding process in which new employees learn about the company's culture, organization structure and their job roles and duties.What the company is trying to do in those five days is to introduce new company employees to its company culture and structure, as well as tell them what to expect.Which of the following is not an attribute of every leader?
O focused
O highly-paid
O a good listener
O able to teach others
Suppose there are two goods, food and clothing. My preference has the following properties:
1. I am rational.
2. I need at least one unit of food and one unit of clothing in order to survive.
3. I strictly prefer surviving over not surviving.
4. I am indifferent over all situations in which I do not survive.
5. When I have strictly more than one unit of each good, I satisfy monotonicity and strict convexity.
6. When I have strictly more than one unit of each good, I have a positive marginal rate
Answer:
The preference for the two goods, food and clothing include:
2. I need at least one unit of food and one unit of clothing in order to survive.
1. I am rational.
3. I strictly prefer surviving over not surviving.
5. When I have strictly more than one unit of each good, I satisfy monotonicity and strict convexity.
6. When I have strictly more than one unit of each good, I have a positive marginal rate
Explanation:
Stello Co. uses the percentage of credit sales method to determine its bad debt expense. All sales are made on credit. At the end of the current year, the company's net credit sales were $900,000, the balance in Accounts Receivable was $655,000, and the debit balance in Allowance for Doubtful Accounts was $800. Based on past experience, the company estimates 0.6% of net credit sales to be uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared
Answer:
$5,400
Explanation:
The amount that should be debited to bad debt expense is shown below:
= Net credit sales × uncollectible percentage
= $900,000 × 0.6%
= $5,400
We simply multiplied the net credit sales with the uncollectible percentage so that the bad debt expense should be computed and the same is to be considered
hence, the bad debt expense is $5,400
Lloyd is a divorce attormey who practices law in Florida. He wants to join the American Divorce Lawyers Associlation (ADLA), a professional organization attorneys must be paid at the beginning of each year. For instance, membership dues for dues for the second year are buy a lifetime membership today for $7,000 and never have to pay annual membership dues tion for divorce attorneys. The membership dues for the ADLA are S75。po year the first year are paid today, and payable one year from today. However, the ADLA also has an option for members to lfetime membership isn't a good deal If you only remain a member for a couple of years, but if you remain a member for 40 years, it's a great deal. Suppose that the appropriate annual interest rate is 8.9%.
What is the minimum number of years that LUoyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying $750 in annual membership dues? (Note: Round your answer up to the nearest year.)
a. 17 years
b. 18 years
c. 20 years
d. 15 years
Answer: a. 17 years
Explanation:
The annual fee is $750.
The number of years that it will take for the lifetime subscription to be cheaper than the annual fee is the number of years it will take the the annual fee of $750 paid every year to have a present value of $7,000 given an annual interest rate of 8.9%.
Using the Excel function of NPER this is;
=NPER(rate,pmt,pv,fv,1)
= NPER(8.9%,-750,7000,0,1)
= 16.88 years
= 17 years
Which of the following is NOT an example of a business risk?
Multiple Choice
O
Products harming customers.
ces
A website malfunctioning.
O
A customer value proposition.
An employee accessing unauthorized information.
Answer:
a customer value proposition is not a business risk
Business has several risks, but the customer value proposition is not an example of a business risk.
What is a customer value proposition?A customer value proposition, or CVP, is a marketing term for a statement of the total value that a company provides a customer in exchange for payment. It's used to convince customers that this company's product provides more value than competitors' products.
A powerful value proposition helps your customers truly understand the value of your company's products and services. It also helps your ideal customers to see how your services benefit them and are their best available option.
Thus, option C is true, as the customer value proposition is not an example of a business risk.
Learn more about customer value proposition here,
https://brainly.com/question/17355176
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Selected transactions for Cheyenne’s Dog Care are as follows during the month of March.
March 1 Paid monthly rent of $980.
3 Performed services for $110 on account.
5 Performed services for cash of $60.
8 Purchased equipment for $490. The company paid cash of $65 and the
balance was on account.
12 Received cash from customers billed on March 3.
14 Paid wages to employees of $430.
22 Paid utilities of $60.
24 Borrowed $1,230 from Grafton State Bank by signing a note.
27 Paid $180 to repair service for plumbing repairs.
28 Paid balance amount owed from equipment purchase on March 8.
30 Paid $1,480 for six months of insurance.
Journalize the transactions.
Answer:
Cheyenne’s Dog Care
Journal Entries:
March 1:
Debit Rent Expense $980
Credit Cash Account $980
To record the payment of monthly rent.
March 3:
Debit Accounts Receivable $110
Credit Service Revenue $110
To record the performance of services on account.
March 5:
Debit Cash Account $60
Credit Service Revenue $60
To record the performance of services for cash.
March 8:
Debit Equipment $490
Credit Cash Account $65
Credit Accounts Payable $425
March 12:
Debit Cash Account $110
Credit Accounts Receivable $110
To record the receipt of cash from customers.
March 14:
Debit Wages Expense $430
Credit Cash Account $430
To record the payment of wages.
March 22:
Debit Utilities Expense $60
Credit Cash Account $60
To record the payment of utilities.
March 24:
Debit Cash Account $1,230
Credit Notes Payable (Grafton State Bank) $1,230
To record the signing of a note payable.
March 27:
Debit Plumbing Repairs $180
Credit Cash Account $180
To record the payment for plumbing repairs.
March 28:
Debit Accounts Payable $425
Credit Cash Account $425
To record the payment for equipment purchase.
March 30:
Debit Prepaid Insurance $1,480
Credit Cash Account $1,480
To record the payment for six months insurance.
Explanation:
Cheyenne's Dog Care can use the general journal to record its daily business transactions as they occur. The journal identifies the accounts involved in each transaction and shows the accounts to be debited or credited as the case may be.
Think back to a purchase that you made recently. How would you describe your thinking before you made that purchase?
A farmer grows wheat, which she sells to a miller for $70. The miller turns the wheat into flour, which she sells to a baker for $120. The baker turns the wheat into bread, which she sells to consumers for $135. Consumers eat the bread. Assume that these transactions account for all economic activity in this economy. GDP in this economy is $ . Value added is defined as the value of a producer's output minus the value of the intermediate goods that the producer buys to make the output.
Answer:
$135
Explanation:
Gross domestic product is the sum of the final goods and services produced in an economy within a given period which is usually a year
It is only final goods that are included in the calculation of GDP. that value is $135
GDP calculated using the expenditure approach :
GDP = Consumption spending + Business spending + Investment spending + Government spending + Net export
The Capital Asset Pricing Model (CAPM) is a nancial model that assumes returns on a portfolio are normally distributed. Suppose a portfolio has an average annual return of 14.7% (i.e. an average gain of 14.7%) with a standard deviation of 33%. A return of 0% means the value of the portfolio doesn't change, a negative return means that the portfolio loses money, and a positive return means that the portfolio gains money. (b) What is the cuto for the highest 15% of annual returns with this portfolio?
Answer:
49.02%
Explanation:
Given the following :
Population mean (m) = 14.7% = 0.147
Standard deviation (σ) = 33% = 0.33
The cut for the highest 15% of annual returns with this portfolio:
Highest 15% return = +ve (15/100) = +0.15 = 0.15 to the right of the normal distribution curve.
The Zscore which corresponds to 0.15 using the z-distribution = 1.04
Zscore = (x - m) / σ
1.04 = (x - 0.147) / 0.33
1.04 * 0.33 = x - 0.147
0.3432 = x - 0.147
x = 0.3432 + 0.147
x = 0.4902
Cut for highest 15% of annual return = (0.4902 * 100%) = 49.02%
When an accelerated depreciation method is used to calculate depreciation expense: Multiple Choice the net book value of the asset halfway through its useful life will be less than if straight-line depreciation is used. the net book value of the asset at the end of its useful life will be less than if straight-line depreciation is used. depreciation expense will be less in the early years of the asset's life than if straight-line depreciation is used. the accumulated depreciation account balance will increase by a larger amount in the last half of an asset's life than if straight-line depreciation is used.
Answer:
the net book value of the asset halfway through its useful life will be less than if straight-line depreciation is used.
Explanation:
The accelerated depreciation is a depreciation method in which the asset lossed the book value at instant rate as compared with the traditional method also it permits the higher deduction in the starting years so that to minimize the taxable income
Therefore in the given case, the net book value of the asset would be halfway associated with the useful life also it would be lower as compared with the straight line method
Therefore the option A is correct
Multiple Choice During periods of inflation, LIFO makes the balance sheet less representative of the actual inventory values than if FIFO were used During periods of inflation, FIFO makes the balance sheet less representative of actual inventory values than if LIFO were used After inflation ends, distortion due to LIFO will disappear as inventory is sold During periods of inflation, LIFO overstates earnings relative to FIFO
Answer:
The answer is "Option A".
Explanation:
The numbering of the choice is missing, which can be defined in the attached file please find it.
In the given question the first choice is correct because LIFO was introduced, its balance sheet throughout the LIFO reserve is unique and balance change in the current year reflects the on the cost of goods sold for the current year.
In this, the LIFO allows the financial sheet less representative of current stock values throughout periods of inflation then FIFO Utilized, that's why it is correct.
The managers of Presto Pizza, a popular pizzeria in Concord, California, have been encouraging senior citizens to order takeout and free express delivery from the pizzeria's several outlets spread across the city. Anticipating a rise in the population of senior citizens in the area, the management of Alfredo's Pizza is seeking to tap into this promising segment that consists of retired, affluent consumers. In this instance, most likely, the managers of Alfredo's Pizza are anticipating company growth through ________.
Answer:
Market Development
Explanation:
The company has not change their product, which they want to sell their ultimate buyer. Instead they only wish to focus on a single market segment. In this case that market segment consists of senior citizens.
Moreover, the strategy requires to persuade the non buyer (senior citizens) to buy the product by providing them services (in this case free express delivery) which would encourage them to make the decision of buying pizza from Presto Pizza.
Question 11
conster the resources that you have that are nited and those that are plentiful. How do you decide to use your resources to get the things
you want and new
Answer:
Explanation:
Know the difference between a want and a need. You do have resources, but it makes sense not to use everything that you have. Savings can make a big difference in times of need.
So, how to budget? It is a learned behavior. Be tight when you start budgeting and understand your needs. They have to be met first.
Reasons for printing your document include all of the following except:
A. It gets to the recipient faster.
B. It can be more secure and private.
C. It is easier to proofread for errors.
D. You can get proof of delivery to the sender.
Answer: A. It gets to the recipient faster.
In three to five sentences, describe how you would create a graph.
Answer: My explaintion is a math graph
Explanation:
I would find both values for example y and x. I would create my graph by using the values of x and y. The points will be proportional to the values given. Once the values are proportional to each other then will have a proportional graph.
Answer:
In order to create a graph, the first step is to highlight the data. Highlight cells with labels and numbers that you would like included in your graph. When entering the data into the spreadsheet, don't leave blank rows or columns between data. Once you've highlighted the proper data, use the command for inserting a graph or chart. The software will lead you through some steps for choosing layout, format, and range of cells.
Explanation:
Here you go, I moved it since one of the other answers was deleted.
Volbeat Corp. shows the following information on its 2015 income statement: sales = $255,000; costs = $156,000; other expenses = $7,900; depreciation expense = $15,600; interest expense = $14,800; taxes = $21,245; dividends = $12,000. In addition, you’re told that the firm issued $6,300 in new equity during 2015 and redeemed $4,800 in outstanding long-term debt.a. What is the 2015 operating cash flow? (Do not round intermediate calculations.)Operating cash flow $b. What is the 2015 cash flow to creditors? (Do not round intermediate calculations.)Cash flow to creditors $c. What is the 2015 cash flow to stockholders? (Do not round intermediate calculations.)Cash flow to stockholders $d. If net fixed assets increased by $28,000 during the year, what was the addition to NWC? (Do not round intermediate calculations.)Addition to NWC $
Answer:
A. $69,855
B. $19,600
C. $5,700
D. $28,000
Explanation:
A. Calculation for the operating cash flow
Using this formula
Operating cash flow = EBIT + Depreciation
First step is to find the EBIT using this formula
EBIT = Sales – Cost – Other expenses - Depreciation
Let plug in the formula
EBIT = 255,000 -156,000 – 7,900 -15,600
EBIT = 75,500
Now let calculate the Operating cash flow using this formula
Operating cash flow = EBIT + Depreciation
Let plug in the formula
Operating cash flow = 75,500 + 15,600 -21,245
Operating cash flow =$69,855
B. Calculation for the 2015 cash flow to creditors
Using this formula
Cash flow to creditor = Redeemed long term debt + Interest
Let plug in the formula
Cash flow to creditor= 4,800 + 14,800
Cash flow to creditor= $19,600
C. Calculation for 2015 cash flow to stockholders
Using this formula
Cash flow to stockholders = Dividends – Issued equity
Let plug in the formula
Cash flow to stockholders= 12,000 – 6,300
Cash flow to stockholders=$5,700
D.If net fixed assets increased by the amount of $28,000 the addition to Net Working Capital will be the same amount of $28,000 reason been NET WORKING Capital has the following :Current assets – Current liability + Fixed asset which are all part of current asset.
Ivanhoe uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $380000 ($584000), purchases during the current year at cost (retail) were $1855000 ($3100000), freight-in on these purchases totaled $119000, sales during the current year totaled $2800000, and net markups (markdowns) were $62000 ($98000). What is the ending inventory value at cost
Answer:
$532,883.2
Explanation:
Calculation for the ending inventory value at cost
First step is to calculate for retail
Beginning inventory at retail $584,000
Purchases current year at retail $3,100,000
Net markups $62,000
Sales ($2,800,000)
Markdown ($98,000)
=$848,000
Second step is to divide cost by retail
Beginning inventory at cost $380,000
Purchases current year at cost $1,855,000
Freight-in $119,000
Total $2,354,000
÷
Beginning inventory at retail $584,000
Purchases current year at retail $3,100,000
Net markups $62,000
Total =$3,746,000
Hence,
$2,354,000÷$3,746,000
=0.6284
Last step is to find the ending inventory value at cost
Ending inventory value=$848,000*0.6284
Ending inventory value=$532,883.2
Therefore the ending inventory value at cost is $532,883.2
