Answer: $68,000
Explanation:
If the inventory that remains is the $46,000 then that means that the cars costing $33,000 and $24,000 have been sold.
With specific identification, the actual prices of the stock are used so the cost of goods sold is:
= 24,000 + 33,000
= $57,000
The gross profit is therefore:
= Sales - Cost of goods sold
= 125,000 - 57,000
= $68,000
Answer:
The operating income would increase by $2.54 for each unit sold
Explanation:
If the blackberry syrup is further processed into the specialty blackberry juice, an extra income of $2.54 ($5.40 - $2.90 = $2.54) would be made on each unit sold
Analytical and critical listening.
Analytical listening involves the meaning and interpretation of the topic, whereas critical listening focuses on understanding the technical aspects of the lectures and talks.
Risk premium.
The risk premium is the difference between the required discount rate and the risk-free rate, as measured by T-bills. This risk premium is important for computing the CAPM and other portfolio management equations.
Answer:
D) Internal Revenue Service
Explanation:
Since creditors are supplying raw materials and lending the money to the corporation, they are highly interested in the financial statement.
Since the management of the firm is operating the company, they have the right to know the financial statement.
Since the stockholders are the company owners and provide money, they are the primary people to know the financial position of the firm.
Finally, the <em>Internal Revenue Service</em> is the government body. IRS is helping to measure the treasury of the U.S. government. Therefore, there is no or little connection between the company and the IRS. As they do not gain anything from the company except tax, they do not have any interest in analyzing the company's financial statements.
