The Clothing Cove has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations:
January 2 Issues 100,000 shares of common stock for $24 per share.
February 6 Issues 1,900 shares of 7% preferred stock for $13 per share.
September 10 Purchases 12,000 shares of its own common stock for $29 per share.
December 15 Resells 6,000 shares of treasury stock at $34 per share.
In its first year of operations, The Clothing Cove has net income of $149,000 and pays dividends at the end of the year of $94,000 ($1 per share) on all common shares outstanding and $1,330 on all preferred shares outstanding
Answers
To track changes in stockholders' equity, a statement of stockholders' equity is prepared and the stockholders' equity final amount.
The corporation issues 100,000 shares of common stock with a $1 par value at a price of $18 per share on January 2. As a result, the additional paid-in capital grows by $1,700,000 [($18-1)*100,000] and the common stock increases by $100,000 (100,000$1).
On February 6, the business issues 1,300 shares of preferred stock at a par value of $10 for a price of $13. As a result, the preferred stock will rise by $13,000 (1,300 times $10) and the additional paid-in capital will rise by $3,900 [($13-10) × 1,300].
On September 10, the corporation buys 12,000 shares of treasury stock at a price of $23 per share, increasing its treasury stock by $276,000 (12,000*$23).
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Related Questions
a tech company decides to pay dividends to shareholders out of its net earnings. this will decrease its
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Companies typically make large dividend cuts due to financial problems, such as falling profits or increasing shareholders. Companies sometimes cut dividend payments for more aggressive reasons, such as preparing for a major acquisition or share buyback.
Although dividends are not an explicit part of equity, paying cash dividends reduces the amount of equity on a company's balance sheet. This is because cash dividends are paid out of retained earnings, which directly shareholders' capital.
Stock and cash dividends do not affect the company's net income or earnings. Dividends, in turn, affect capital on the balance sheet. Dividends reward investors for their investment in the company, whether in cash or stock.
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A tech company decides to pay dividends to shareholders out of its net earnings. this will decrease its
This program automatically uses a shareholder's dividends to acquire additional shares of a firm's outstanding or newly issued stock.
If a organisation pays inventory dividends, the dividends lessen the agency's retained earnings and boom the common stock account. stock dividends do not bring about asset changes to the balance sheet but as a substitute affect only the equity aspect with the aid of reallocating a part of the retained earnings to the commonplace inventory account.
Dividend- A dividend is the distribution of a organisation's income to its shareholders and is determined by means of the company's board of administrators. Dividends are frequently dispensed quarterly and can be paid out as cash or in the shape of reinvestment in additional stock.
The dividend yield is the dividend per proportion and is expressed as dividend/price as a percent of a organisation's proportion charge, along with 2.five%.
not unusual shareholders of dividend-paying corporations are eligible to obtain a distribution so long as they very own the stock earlier than the ex-dividend date.
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an equipment bought four years ago for $4 comma 760 has a current market value of $2 comma 380 . if kept for one more year, it will cost $1 comma 700 in operation and maintenance costs and will have a market value of $1 comma 950 at the end of the year. in conducting a replacement analysis for the equipment, which of those cash flows can be considered a sunk cost?
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The required answer is $2,380.
An expense that has already been paid for and cannot be recovered is known as a sunk cost. Sunk costs cannot be recovered, hence they shouldn't be taken into account when deciding whether to keep funding an ongoing project.
Even if certain fixed expenses are not considered sunk costs, a sunk cost is always categorised as a fixed cost. As with bespoke equipment for which there is no secondary market, a fixed cost that is a sunk cost cannot be recovered. It is possible to recoup a fixed cost that is not a sunk cost, typically by selling the item to a third party.
In the given question,
$2,380 as the current sunk cost of the equipment will be the value which we'll get for the equipment if we sell it now (the current market price).
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The explosive growth in global trade means that large corporations are hiring Americans of mixed cultural backgrounds. For example, first-generation Americans of immigrant parents may speak two or more languages well. To deal with firms in other countries, large corporations benefit from a. employees from diverse backgrounds. b. employees with only the best credentials. c. outsourcing negotiations.
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To deal with firms in other countries, large corporations benefit from employees with only the best credentials.
An employee is a person who is paid to work for an individual or company. A worker does not have to work full-time to be considered an employee. You just need to be paid for the work by your employer (the person or company that pays your wages).
An employee is a professional who works for an organization for a wage or salary. Employees negotiate terms, form a formal agreement with their employer, usually by signing an offer letter or contract of employment, and join the team.
An example of an employee is a store clerk. Employees are required to perform specific tasks such as: B. An employee is considered an employee if they wear a name tag and greet customers with certain expressions.
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smith company presents the following data for 2012. inventories, beginning of year $ 310,150 inventories, end of year 340,469 cost of goods sold 2,103,696 net sales 8,690,150 the number of days' sales in inventory is:
Answers
The number of days' sales in inventory is 56.44
Days in inventory are calculated by dividing average inventory over a given time by the cost of goods sold (COGS) during that period and multiplying the result by the number of days in the period.
Formula
Days' sales in Inventory = 365 ÷ Inventory turnover
Cost of Goods Sold COGS = $2103696
Inventory in the end (Current) = $340469
Inventory ]in the beginning (Previous) = $310150
First, we need to find out the inventory turnover, by using the following formula
Inventory Turnover = Cost of Goods Sold ÷ Average Inventory
= 2103696 ÷ (3404696 + 310150)/2
= 2103696 ÷ 325309.5
= 6.47
Now, that we have the inventory turnover, the days' sales in inventory are found out by the following formula
Days' sales in Inventory = 365 ÷ Inventory turnover
= 365 ÷ 6.47
= 56.44
Therefore, the days' sales in inventory are 56.44 for the given cost of goods sold of COGS = $ 2103696, Inventory in the end of $340469 and in the beginning of $310150. This means that the firm's inventory sits an average of 56.44 days , before it is sold.
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quora what is the difference between lead price travel date and promo valid for departures for gate 1
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To compare them and look for price discrepancies (though make sure to factor in your travel into the city too).
What is the longest a flight ticket can be valid?Only the flight you have scheduled is covered by the airline ticket you have purchased, along with its price. An unreserved airline ticket and its price are typically valid for one year, counting both the day it is issued and the day after it.
How long is the flight plan valid?A FPL may be submitted within the United States up to 23 hours in advance and will be retained in the system until two hours after the filed estimated time of departure (ETD).
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Sonic Corporation has a 21% marginal tax rate and received $10,000 of dividends from Roller, Inc., a U.S. corporation in which Sonic owns less than 2% of the outstanding stock. Sonic's effective tax rate on the Roller dividend is:
a. 21%
b. 0%
c. 10.5%
d. None of the above
Answers
C. 10.5%. because of the 70% DRD, Sonic's taxable income includes only $3,000 of the $10,000 Roller dividend. The tax on $3,000 is $1,050, and $1,050/$10,000 equals a 10.5% effective tax rate.
The term “income” usually refers to the quantity of money, property, and other transfers of value acquired over a hard and fast time frame in change for services or products. there is no unmarried, wellknown definition: earnings is described according to the context wherein the concept is used.
Income is cash that an person or enterprise receives in trade for offering labor, generating an excellent or provider or investing capital. people usually earn income thru wages or profits, while organizations earn earnings from promoting goods or services above their cost of production.
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A partnership began its first year of operations with the following capital balances:
Young, Capital: $143,000
Eaton, Capital: $104,000
Thurman, Capital: $143,000
The Articles of Partnership stipulated that profits and losses be assigned in the following manner:
Young was to be awarded an annual salary of $26,000 with $13,000 salary assigned to Thurman.
Each partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year.
The remainder was to be assigned on a 5:2:3 basis to Young, Eaton, and Thurman, respectively.
Each partner withdrew $13,000 per year.
Assume that the net loss for the first year of operations was $26,000 with net income of $52,000 in the second year.
21. What was Eaton's total share of net loss for the first year?
A. $3,900 loss.
B. $11,700 loss.
C. $10,400 loss.
D. $24,700 loss.
E. $9,100 loss.
22. What was the balance in Young's Capital account at the end of the first year?
A. $120,900.
B. $118,300.
C. $126,100.
D. $80,600.
E. $111,500.
The answers are shown. I just want to know how to get to those answers. Please show all your work/calculations. Step by step. Thank you!
Answers
Eaton's total share of net loss for the first year was $10400 and balance in Young's Capital account at the end of the first year was $118300.
It is given that net loss for the first year is $26000 and total interest to be given to all the partner is 10% of (143000+104000+143000) which is $39000 and total salaries to be given to partners is 39000 (26000+13000).
Eaton's portion is 2/10.
Thus, Eaton's portion =
Net Loss - Interest - Salaries
= ($26,000)- $39,000 - $39,000
= ($104,000) × 20%
= ($20,800)
Eaton's Share of net Loss = ($20,800) + Interest + Salary
= (20800) + 10400 + 0
= (10400)
It is given that Young's beginning balance of capital account is $143000. His share of interest is $14300 and salary is $26000.
His portion from profits is 50% of 104000 = (52000)
His drawings = 13000
Thus, Closing balance of Young's capital account
= Beginning + Interest + Salary + share of profit/loss - Withdrawals
= $143,000 + 14300 + 26000+(52000)-13000
= $118300
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Discount-Mart issues $17 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds:Date Cash Paid InterestExpense Increase inCarrying Value CarryingValue01/01/2021 $15, 050,113 $ 15,050,113 06/30/2021 $850,000 903,007 53, 007 $15, 103,120 12/31/2021 850,000 906,187 56, 187 15,159,307 06/30/2022 850,000 909,558 59, 558 15,218,865 12/31/2022 850,000 913,132 63, 132 15,281,997 What is the market annual rate of interest on the bonds? (Hint: Be sure to provide the annual rate rather than the six-month rate.)Multiple Choice 12% 5%. 11%. 10%
Answers
The market annual rate of interest on the bonds is 10%.
Bonds are issued by using governments and corporations when they need to elevate cash. through shopping for a bond, you are giving the provider a loan, and they comply with pay you back the face fee of the mortgage on a specific date, and to pay you periodic interest payments along the manner, commonly two times a 12 months.
In finance, a bond is a type of security below which the company owes the holder a debt, and is obliged – depending at the terms – to repay the principal of the bond on the adulthood date in addition to interest over a precise amount of time.
There are 5 main styles of bonds: Treasury, financial savings, employer, municipal, and company. each form of bond has its very own sellers, functions, buyers, and levels of chance vs. go back.
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at what type of bond price will ellis company have total interest expense equal to the cash interest payments? ▼
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At what type of bond price will ellis company have total interest expense equal to the cash interest payments?
Face Value.
The Interest Expense will be equal to cash interest payment when the bonds are priced at face value.
Discount Price.
The Interest Expense will be greater than the cash interest payment when the bonds are valued at discounted price.
Discount Price.
As the Stated interest rate of bond i.e. 10% is less than the market interest rate i.e. 11%, the bonds are issued at discount.
Cash interest expense method, for any period, total interest rate, whether paid or amassed, however without duplication, (which includes the interest thing of Capital leases) of the Borrower, which is payable in coins, all as determined in conformity with GAAP.
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if easing a firm’s credit policy lengthens the collection period and results in a worsening of the aging schedule, then why do firms take such actions?
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If easing a firm’s credit policy lengthens the collection period and results in a worsening of the aging schedule, the commercial paper is issued to finance inventory.
A credit score policy is a set of phrases that lays out how your business enterprise will difficulty credit to its customers and gather unpaid money owed. each time you invoice a consumer for services and begin working earlier than the client pays you, you're technically working on credit, even if you don't have a proper credit score policy.
The enterprise will make a bigger credit score to customers in the event that they meet its threshold criteria for the granting of a credit score. The primary shape of a credit score is a credit of $10,000, without a protection interest. The most credit score may be multiplied with the approval of the credit score manager.
So, the objective of the credit score coverage is to feature incremental income via running as an advertising device for a firm. firms do now not engage in credit only for sales maximization. If it had been so, the company would have a totally lenient credit score policy in which it would offer credit to all firms with no strict requirements.
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FILL IN THE BLANK. A recession tends to cause the federal budget deficit to _________ because tax revenues ______ and government spending on transfer payments ________.
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A recession tends to cause the federal budget deficit to increase because tax revenues fall and government spending on transfer payments rise.
Why would there be a recession?Everybody experiences the effects of a recession in some form since the entire economy is in decline. Since there is less money available, there are more people without jobs and less money to spend. Many analysts disagree on when the NBER will declare a recession, which has not yet been done. The National Bureau of Economic Research economists are the designated recession scorekeepers (NBER). The NBER will monitor GDP growth, real personal income (RPI), labor data, and consumption to monitor the state of the economy as a whole. However, there is no set threshold for a recession.
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a project has a unit sales price of $13.39, a variable cost per unit of $5.48, fixed costs of $3,000, and depreciation expense of $830. ignore taxes. what is the accounting break-even quantity?
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A project with a unit sales price of $13.39, variable cost $5.48 per unit, fixed cost $3,000, and depreciation expense of $830. The accounting
break-even quantity of a project is 485
.
Break-even quantity or break-even point is the level of output where a company's production cost equal its revenue, hence gains neither profit or loss. Break-even point is calculated by dividing the fixed costs of production by the contribution margin. Break-even point could be formulated as:
Break-even point: Fixed costs
Contribution Margin
Contribution margin is the different between selling price and variable costs per unit produt. Hence, we could rewrite the break-even point formula into:
Break-even point: Fixed costs
Selling price - variable costs
From the case, we have some informations:
Selling price = $13.39 per unit
Variable cost = $5.48 per unit
Fixed costs = $3,000
Depreciation expense = $830
Using the informations provided above, we find that the break-even quantity for a project is:
Break-even point = Fixed costs
Selling price - variable cost
Break-even point = ($3,000 + $830)
($13.39 - $5.48)
Break-even point = 484.2 units
Break-even point ≈ 485 units
Take a look at the amount of fixed costs calculated above. We have to include the depreciation expense because it is also counted as a form of fixed costs.
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Which statement is NOT true regarding a critical asset in the enterprise environment?
It can easily be replaced
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An enterprise environment vital asset may readily be replaced, which is a statement that is untrue.
Any resource that a company or other economic organization owns, or controls is considered an asset in financial accounting. Anything that can be utilized to generate positive economic value, whether it be physical or immaterial, qualifies. Assets indicate ownership value that may be sold for money (although cash itself is also considered an asset). The financial worth of the assets that a company has is shown on its balance sheet. It protects cash and other assets that belong to a person or a company.
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if a marketing department will create an advertising campaign for cereal in an effort to increase sales by 12% by the end of the second quarter, which component of smart below does the phrase "increase sales by 12%" represent?
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A component of SMART below the phrase "increase sales by 12%" represents Measurable if a marketing department creates an advertising campaign for cereal with the goal of increasing sales by 12 percent by the end of the second quarter.
When defining the scope of a project, what is the first step a project manager will take?
The creation of a statement of work is the first step in defining the scope of the project.This is the official document that specifies the project's requirements.It includes a general description of the work that needs to be done, a schedule, a timeline, any special skills that are required, and the location of the work.
When a change request is approved, what does a project manager do?
The project deliverables will need to be updated if the change request is approved.Plans and schedules, documents about the business process, and documents about the requirements are examples of this.The project manager can inform everyone who will be affected of the new course of action once these updates have been made.
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Full Question = If a marketing department will create an advertising campaign for cereal in an effort to increase sales by 12% by the end of the second quarter, which component of SMART below does the phrase "increase sales by 12%" represent?
a. Time phased
b. Measurable
c. Action-oriented
d. Simple
in your own words explain price elasticity. focus on explaining the difference between products that have elastic demand and those that have inelastic demand. what types of products typically have inelastic demand? why? what types of products typically have elastic demand? why? for the following products, indicate if your demand for the product is elastic or inelastic and why. gasoline (all prices have increased 50% - elastic or inelastic?) streaming services like nextflix and hulu (imagine that all service providers have doubled their prices – elastic or inelastic?) college courses (all schools have doubled their prices – elastic or inelastic?) allergy medicine (all products in this category have tripled their prices – elastic or inelastic?)
Answers
The price elasticity of demand measures the change in consumption of a product in response to a change in its price.
Describe the types of price elasticity of demand.If the price elasticity of a good is infinite, it is perfectly elastic (if demand changes substantially even with minimal price change). If the price elasticity is greater than one, the good is elastic; if it is less than one, the good is inelastic. A good is perfectly inelastic if its price elasticity is 0 (no amount of price change causes a change in demand). Unitary elasticity exists when price elasticity is exactly one (a price change causes an equal percentage change in demand). The presence of a substitute for a product influences its flexibility. If there are no good substitutes and the product is required, demand will remain constant even if the price rises, making it inelastic.
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a personal account earmarked as a retirement supplement contains $292,200. suppose $250,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $6000 at the end of each quarter. how long will it be until the account balance is $0? (round your answer up to the nearest quarter.)
Answers
Suppose $250,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $6000 at the end of each quarter. It will take about 120 quarters until the account balance reaches $0.
Amount invested (Present value) = $250000
Quarterly payment (At the end of each quarter) (P) = $4500
Interest Rate (Quarterly) (r) = 6% /4
= 1.5% = 0.015
A number of quarters (n) = ?
Future value at the end = 0
Present value of Annuity formula:
Present value = P × [tex](1-(1+r))^{(-n)} / r[/tex]
250000 = 4500 × [tex](1-((1+0.015))^{(-n)} / 0.015[/tex]
250000 = 300000 × [tex](1-((1+0.015)}}^{(-n)}[/tex]
250000 / 300000 = [tex]1-(1+0.015)^{(-n)}[/tex]
0.83333 = [tex]1-(1.015)^{(-n)[/tex]
n = 120
Hence is shall take 120 Quarters until the account balance is $0.
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MBP Company has 10,000 shares of $10 par preferred stock, which were issued at par. It also has 250,000 shares of common stock outstanding, and its total stockholders' equity equals $4,000,000. The book value per common share is Multiple Choice $16.67 $16.00 $40.00 O $15.60 $10.00
Answers
Stockholders' Equity Applied to Common/Common Shares = Book Value per Share The outstanding book value per share is $4,000,000, or $10/share divided by 10,000 shares. /250,000 = $15.60/share
What does "Book Value" mean?Businesses subtract the cost of carrying the asset from its book value when determining the asset's depreciation. Since liabilities and intangible assets (such goodwill and patents) are subtracted from the total assets of a corporation to arrive at its net asset value (NAV), book value can also be thought of as NAV. The book value for an initial investment may be gross or net of expenses such as trading commissions, sales taxes, service fees, and so forth.
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business to consumer' is selling to the end consumer who uses the product. what is another word for this model?
Answers
In a B2C retail model, the final consumer who has purchased the product or service for personal use receives it directly from the firm. The B2B (business-to-business) model, which involves trading goods and services between businesses rather than between businesses and customers, is sometimes used to contrast it.
What kind of company sells to the final customer?Businesses that sell directly to consumers, or B2C, sell products and services. Consumers are end users who purchase goods or services for their own consumption.
What is the name for business-to-consumer?A business's relationship with a single customer is referred to as "business-to-consumer" (B2C). B2C, however, refers to all forms of direct-to-consumer selling.
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describe a completely randomized design using the 60 retail sales districts that would help answer this question
Answers
Number the 60 retail sales districts with a 2-digit number from 01-60.
What is randomized design?The 60 retail sales districts are assigned a two-digit number ranging from 01 to 60. Read 2-digit numbers from a table of random digits until 30 distinct numbers between 01 and 60 have been selected. The financial incentives group is given the equivalent 30 districts. Record the change in sales for each district after a predetermined amount of time and contrast the two groups.
07511,88915,41267,16853,84569,79367,32337,03316,81486
69487,60513,09297,00412,71238,27649,39950
From 01 to 60, list the 60 retail sales districts.
In the list of numbers, choose the first 2-digit number. If the number is around 01 and 60, the associated retail sales district is chosen; otherwise, it is ignored, and the next two-digit number is chosen.
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suppose you go shopping for a gift for a friend and also find a sweater that you want for yourself. you pay cash for the gift and write a check for the sweater. your purchases are made with money holdings represented by
Answers
Option b. the transaction demand for money because you planned to buy the gift and the precautionary demand for money because you did not anticipate buying the sweater is the correct answer.
Transaction demand for money is the requirement of money to fulfil day-to-day needs. It is one of the components of the money demand. It is a part of the income as whole money is not demanded transaction purposes.
Suppose you go shopping for a gift for a friend and also find a sweater that you want for yourself. You pay cash for the gift and write a check for the sweater. Your purchases are made with money holdings represented by
the transaction demand for money because you planned to buy the gift and the precautionary demand for money because you did not anticipate buying the sweater.
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Tattletale News Corp. has been growing at a rate of 20% per year, and you expect this growth rate in earnings and dividends to continue for another 3 years. The last dividend paid was $2. The discount rate is 15% and the steady growth rate after 3 years is 4%.
1) What is the capital gain in stock price from year 0 to year 1?
2) Calculate the expected rate of return. ?
I am looking for a detailed answer. It is very inportant for me to learn how to solve this problem.
Answers
Capital attain is the income one earns on the sale of an asset like stocks, bonds or actual estate. It outcomes in capital attain when the selling price of an asset exceeds its buy price.
It is the distinction between the promoting rate (higher) and value price (lower) of the asset.
How do you calculate predicted return?An anticipated return is calculated through multiplying potential results by using the odds of them happening and then totaling these results. Expected returns cannot be guaranteed. The expected return for a portfolio containing multiple investments is the weighted common of the anticipated return of each of the investments.
The purpose of calculating the anticipated return on an investment is to supply an investor with an thought of probable income vs risk. This offers the investor a basis for assessment with the reliable charge of return
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https://brainly.com/question/3578105#SPJ4intertech corporation needed financing to build a new manufacturing plant. on june 30 of this year, intertech issued $4,350,000 of 8-year bonds with a 6% coupon rate (payments due on december 31st and june 30th). the effective interest rate was 8%. what amount in interest expense did intertech record this year for the december 31 payment? select one: a. $153,725 b. none of these are correct. c. $174,000 d. $115,294 e. $195,856
Answers
The amount of interest expense that will be recorded on June 30, 2018 is $154,654. Since the bond was issued at a discount, some of the interest will be offset by the bond's discount.
Bonds issue cost is determined by ADDING the:
Discounted interest payments amount (over the course of the bond's life) at the market rate of interest and the discounted face value of bonds payable.
Face Value $ 4,350,000.00 Annual Rate Applicable Rate Market Rate 8% 4% Term (in Years) 8 Coupon Rate 6% 3% Total No.of interest payments 16 Bond Face Value Market Interest rate (applicable for period/term) PV of $ 4,350,000.00 at 4.0%
Interest rate for 16 term payments PV of $1 0.533908176 PV of $ 4,350,000.00 = $ 4,350,000.00 x 0.533908176 = $ 2,322,500.56
A Interest payable per term at 3.0% on $ 4,350,000.00 Interest payable per term $ 130,500.00 PVAF of 1$ for 4.0% Interest rate for 16 term payments PVAF of 1$
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mathew johnston invested a total of $94,700 in the new colony pacific region mutual fund. the management fee for this particular fund is 0.80 percent of the total asset value. calculate the management fee mathew must pay this year.
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Mathew Johnston invested a total of $94,700 in the new colony pacific region mutual fund. the management fee for this particular fund is 0.80 percent of the total asset value.
A mutual fund is a professionally controlled investment fund that swimming pools cash from many traders to purchase securities. The term is generally used within the united states of america, Canada, and India, whilst comparable systems throughout the globe consist of the SICAV in Europe ('funding organization with variable capital') and open-ended investment employer (OEIC) inside the uk.
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trio company reports the following information for its first year of operations. direct materials $ 18 per unit direct labor $ 19 per unit variable overhead $ 7 per unit fixed overhead $ 221,650 per year units produced 20,150 units units sold 15,500 units ending finished goods inventory 4,650 units 1. compute the product cost per unit using absorption costing. 2. determine the cost of ending finished goods inventory using absorption costing. 3. determine the cost of goods sold using absorption costing.
Answers
Absorption cost per unit is $43.
Cost of closing inventory of finished goods is $258,000.
Cost of goods sold is $602,000.
PRODUCT COST
Particulars Amounts ($)
Direct material cost per unit 18
Direct labor cost per unit 9
Variable overhead cost per unit 7
Fixed overhead cost per unit (21650/20150) 11
Absorption cost per unit $45
COMPUTATION OF CLOSING INVENTORY COST
Cost of closing of finished goods = Ending finished goods inventory x Cost per unit
= 4650 x 45
= $2,09,250
COMPUTATION OF COGS
COGS = Number of units sold x cost per unit
= 15500 x 45
= $6,97,500
What Does Absorption Costing Mean?
One of the techniques used in the cost accounting branch to establish the cost of a produced good is absorption costing. It takes into account all costs involved in the creation of a product, both direct and indirect.
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Within the ad/as model, if an unanticipated reduction in aggregate demand results in less than the full-employment rate of output,.
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Answer:
!
Explanation:
Within the ad/as model, if an unanticipated reduction in aggregate demand results in less than the full-employment rate of output, lower resource prices and declining interest rates will direct the economy back to full employment. Thus, option (c) is correct.
In order to close the production gap and bring the economy back to full employment, lower resource prices and falling interest rates boost aggregate demand and drive output.
Over time, prices will fluctuate in a predictable manner, leading to an efficient economy with full employment. Although there may be upward pressure on salaries and prices if the output gap remains, the normal rate of unemployment may also rise.
Therefore, option (c) is correct.
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Your question is incomplete, but most probably the full question was.
Within the AD/AS model, if an unanticipated reduction in aggregate demand results in less than the full-employment rate of output, _______
the natural rate of unemployment will increase.long-run aggregate supply will increase.lower resource prices and declining interest rates will direct the economy back to full employment.higher resource prices and rising interest rates will direct the economy back to full employment.Which of the following product groups is a leading export of the United States? Multiple Choice a. home appliances b. toys c. airplanes d. metals
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Airplanes is a a leading export of the United States. Option C
What is meant by exports?Exports are products and services made in one nation and offered to customers in another. Imports and exports together make up global trade.
Moving items created inside a nation's borders and traded with another nation are referred to as exports. The selling of these products increases the economic growth of the nation that produces them by bringing in foreign exchange profits.
The process by which businesses from one nation sell their products and services to clients or customers in another nation is known as exporting.
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Businesses can reduce income inequality by which action?
Adjust minimum wage laws to increase worker pay.
Pass a new tax law that benefits workers.
Provide very high executive compensation.
Commit to paying a living wage to all employees.
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Businesses can reduce income inequality through the action of committing to paying a living wage to all employees. So the correct option is d.
Living wages are calculated by costing the basic needs of a family in terms of food, housing, transport, water, phone cost, clothes, education, health, and other essential needs. So, it means that the wage level which is satisfactory to provide for the basic necessities. Receiving a living wage helps to break cycles of poverty by ensuring that pay is sufficient to cover household essentials as well as occasional emergencies or unexpected expenses.
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delaney purchased 500 shares of upriver tours stock on wednesday, july 7. edward purchased 100 shares of upriver tours stock on thursday, july 8. upriver tours declared a dividend on june 20 to shareholders of record on july 12 and payable on august 1. which one of the following statements concerning the dividend paid on august 1 is correct given this information? multiple choice neither delaney nor edward is entitled to the dividend. delaney is entitled to the dividend but edward is not. edward is entitled to the dividend but delaney is not. both edward and delaney are entitled to the dividend. both edward and delaney are entitled to one-half of the dividend amount.
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Both Edward and Delaney are entitled to the dividend concerning the dividend paid on august 1 is correct given this information. Thus, option C is correct.
Who is stock?A stock is a type of instrument that denotes the holder's ownership stake in the issuing company and is often traded on stock markets. In order to generate money to run their operations, corporations distribute stock. The two primary stock categories are regular and favored.
As both of them purchased the shares on a date that was prior to July and the dividend was being told to be paid on the date of august 1 which was termed to be after the date of purchase. This will be termed as both of them will be given the amount of the dividend.
Therefore, option C is the correct option.
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question 1 when you review a job listing, which section offers the most insight when deciding if the role is well-suited for you?
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When you review a job listing, job description section offers the most insight when deciding if the role is well-suited for you.
The duties, responsibilities, activities, and functions of a position are described in a job description, which is a helpful document written in simple language. It specifies who does particular types of work, how that work is to be performed, how frequently the work is to be done, and its purpose in relation to the mission and goals of the company.
Clarify, straightforward, and explicit job titles are preferred. Use an intriguing company description example to pique the interest of potential candidates. Give some illustrations of the tasks and obligations you must perform. Give instances of prior employment that might be beneficial for the position.
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the same year that derek jeter, one-time shortstop for the new york yankees, received an annual salary of $23.2 million, the president of the united states received an annual salary of $400,000. if the president of the united states actually contributed more to society than derek jeter, we can conclude that:
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If the president of the united states actually contributed more to society than derek jeter, we can conclude that: factors other than marginal revenue product probably explain the salary differences.
What is marginal revenue ?Marginal revenue can be defined as the way in which a company or organization revenue or income increase due to the sales of extra unit mof output.
Based on the given scenario Derek Jeter tend to have annual salary of the amount of $23.2 million that the one of the president which is $400,000 in a situation where the president contribute more into the society despite earning lesser income this may occur as a result of marginal revenue product that explain the salary differences.
Therefore this is an example of marginal revenue.
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