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vredina [299]
3 years ago
5

The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beg

inning inventory $ 196,000 $ 280,000 Purchases 896,000 1,280,000 Freight-in 24,000 — Net markups — 80,000 Net markdowns — 56,000 Sales — 1,344,000 If the ending inventory is to be valued at approximately the lower of cost or market, what is the cost-to-retail ratio?

Business
1 answer:
maksim [4K]3 years ago
5 0

Answer:

$ 168,000

Explanation:

Include both Mark-ups and Mark-Downs and Exclude beginning inventory

When LIFO Inventory Method is used to find out Ending inventory retail Value. Cost to Retail Ratio will be Applied for both Previous year ending Inventory and the Current Year addition To Calculates

the Previous year Ending inventory :

Cost to Retail Ratio : Ending inventory at cost / Ending inventory at Retail

For Current year Addition :

Cost to Retail Ratio : Current Year Addition in Cost /Current Year Addition in Retail

Current year addition in retail includes : Markup ,Markdown purchases

Kindly check the attached images below to see the step by step explanation to the question above.

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Company X purchased Company Y using financing as follows: $18 million from mortgages, $3 million from retained earnings, $13 mil
ASHA 777 [7]

Answer:

The debt to equity mix = 74.65% - 25.35%

Explanation:

The computation of the debt to equity mix is shown below:

Debt is

= Mortgages + Bond

= $18 + $35

= $53 million

And, the Equity is

= Retained earnings + Cash in hand

= $5 + $13

= $18 million

Now

Percentage of debt financing

= $53 ÷  ($53 + $18)

= 74.65%

And, percentage of equity financing is

= $18 ÷ ($53 + $18)

= 25.35%

And, finally

The debt to equity mix = 74.65% - 25.35%

3 0
3 years ago
All currencies are worth exactly the same.<br><br> Question 45 options:<br> True<br> False
ycow [4]

Answer:

False!

Explanation:

that's why they are different sizes, material, and weight!

Some american dollars are worth alot more than a dollar in say, mexico. Our resources are more valuable.

Glad I could help!

6 0
3 years ago
Read 2 more answers
Under the WTO agreement:_________
Paraphin [41]

Answer:

Under the WTO agreement:_________

 

b. a dispute resolution mechanism allows countries to bring grievances to the WTO against countries that levy inappropriate trade discrimination measures.

Explanation:

The WTO (World Trade Organization) Agreement is an international legal framework covering about 63 agreements affecting trade in goods, services, intellectual property, standards, investment, and other issues with some impacts on world trade.  The legal framework is a system of rules that supports open, fair, and undistorted trade competition, allowing tariffs and some protections.

7 0
3 years ago
what are the primary differences between technical communication and other types of communication with which you might have expe
Semenov [28]

The most significant distinction between technical communication and the other types of writing you've done is that technical communication has a somewhat different emphasis on audience and goal. This sort of communication is more than just delivering information; it ensures that the audience properly understands what the author wishes to express.

The goal of all technical information is to explain complex or difficult instructions, concepts, or tasks in a clear, non-personal communication and understandable manner. Science, engineering, and technology are all covered in technical writing. Specifications, manuals, data sheets, research papers, field reports, and release notes are examples of typical documents.

To learn more about communication, click here.

brainly.com/question/22558440

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3 0
2 years ago
Wanda is in charge of acquisitions for her company. Realizing that water is important to company operations, Wanda buys a plant
iren [92.7K]

Answer:

This is a very unlikely situation, since the plant must be really large and the river probably didn't carry a lot of water in the first place. But even if this was possible, it would be illegal for a company to use 100% of the natural resources available. No law or regulation (municipal, state or federal) would allow such thing to happen and assuming it got to court, the court would rule against the company.

Since you need an environmental impact report before you start building a factory, then it would be unlikely that the factory or plant was legally authorized to operate in the first place. The only option is that they built a dam and that is highly regulated.

8 0
3 years ago
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