Answer:
$113,700
Explanation:
Last in first out (LIFO) is an inventory management method, in which the cost of the most recent product bought are the first to be charged to expenses.
With regards to the above question, we'll have;
Inventory sold = (12,000 × $13.5) + (900 × $13) = $173,700
Ending inventory = [7,200 × $12] + [(3,000 - 900) × $13]
Ending inventory = $86,400 + $27,300
Ending inventory = $113,700
Therefore, the ending inventory using LIFO is $113,700
Answer:
33.94%
Explanation:
The computation of stock's expected price 5 years is shown below:-
Stock price = $26
Required return = 12%
Growth rate = 7%
Current dividend per share = Stock price × (Required return - Growth rate) ÷ (1 + Growth rate)
= $26 × (12% - 7%) ÷ (1 + 7%)
= $26 × 5% ÷ 1.07
= $1.21
Stock price in 5 years = Expected dividend ÷ (required return - Growth rate)
Expected dividend = $1.21 × (1 + 7%)^5
= $1.21 × 1.402551731
= $1.697
Stock price in 5 years = $1.697 ÷ (12% - 7%)
= $1.697 ÷ 5%
= 33.94%
Answer:
copies of her mortgage, investment reports, and bank statements
Explanation:
The only option that properly demonstrates her capital would be copies of her mortgage, investment reports, and bank statements. Her mortgage shows the bank that she is able to pay her debt on time every month. Her bank statements show how much money she is spending on a monthly basis. Lastly, her investment reports show all of her assets and how much they are earning per month, all of this combined makes up her capital which is basically the amount of money she has, both liquid and in assets.
Answer:
January 15, Year 5.
Explanation:
The Rico should decrease retained earnings by the amount of the dividend is declaration date.
The declaration date refers to date the board of directors of a company makes a formal announcement of when the next dividend will be paid. The declaration is therefore also referred to as the announcement date.
On the declaration date, liability account known as dividend payable account is created and credited, while the retained earnings is debited or reduced by the amount of the dividend.
From the question, January 15, Year 5 is the announcement date and it is therefore the date Rico should decrease retained earnings by the amount of the dividend.
