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2 years ago

Financial statement users need to be aware of changes in inventory levels when using costing. (Enter only one word per blank.)

1 answer:

6 0

The users of financial statements need to understand the change in the inventory level, this can be calculated by the users by comparing the current and last year's financial statement.

<h3 /><h3>What is Inventory?</h3>

Inventory is the current asset held by the company which is sold to customers to earn profits. This inventory is also called Stock, the inventory is presented in the financial statements under the current assets head.

The inventory breakup is also given in the notes to the financial statements and users are able to view and analyze that also.

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master budget schedules blank . multiple select question. may be prepared in any order are based on estimates and assumptions an

Paraphin [41]

A master budget schedules answer several key questions for a company. Thus the correct option is last.

<h3 /><h3>What is Master Budget?</h3>

A master budget is created by combining all of the smaller business budgets into one budget in order to provide a comprehensive insight into the company's financial position.

All other departments' budgets are combined into the master budget to create a single budget. It may be said that the master budget schedules provide answers to a number of issues connected to the many departments within an organization.

Therefore, the last option is appropriate.

Learn more about the master budget, here:-

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5 0

2 years ago

Assessment

Alexxandr [17]

A because debt financing is really important

7 0

3 years ago

Assume that the average firm in your company's industry is expected to grow at a constant rate of 5% and that its dividend yield

Galina-37 [17]

Answer:

required return on the company's stock = 11%

Value of each share =$88.51

Explanation:

The constant growth model states that $P_0=\frac{D_1}{k_e-g}$ . If ke is made subject of formular, $k_e=\frac{D_1}{P_0}+g$ .

This implies that ke= dividend yield plus growth rate = 6%+5%=11%. Therefore the required return on the company's stock = 11%

Values of each share = $\frac{D1}{(1+ke)^1}+\frac{D2}{(1+ke)^2}+\frac{D3}{(1+ke)^3}+\frac{P3}{(1+ke)^3}$ .

where $D_1= D_0*(1+g)=3(1.5)$

and P3= $\frac{D4}{ke-g}$

Value of each share = $\frac{3(1.5)}{(1+0.11)^1}+\frac{3(1.5)(1.25)}{(1+0.11)^2}+\frac{3(1.5)(1.25)(1.05)}{(1+0.11)^3}+\frac{3(1.5)(1.25)(1.05)^2}{(0.11-0.05)(1+0.11)^3}$ = 88.51

8 0

4 years ago

Ticketsales, Inc., receives $5,520,000 cash in advance ticket sales for a four-date tour of Bon Jovi. Record the advance ticket

kykrilka [37]

Answer:

On October 31, Debit Cash for $5,520,000; and Credit Unearned ticket revenue for $5,520,000.

On November 5, Debit Unearned ticket revenue for $1,380,000; and Credit Ticket revenue for $1,380,000.

Explanation:

The journal entries will look as follows:

<u>Date Description Debit ($) Credit ($) </u>

Oct 31 Cash 5,520,000

Unearned ticket revenue 5,520,000

<u><em> (To record ticket revenue received in advance.) </em></u>

Nov 5 Unearned ticket revenue 1,380,000

Ticket revenue (w.1) 1,380,000

<u><em> (To record revenue ticket revenue earned.) </em></u>

Workings:

w.1. Ticket revenue = Unearned ticket revenue * (1 / 4) = $5,520,000 * (1 / 4) = $1,380,000

8 0

3 years ago

In this exhibit (Monopoly Through Collusion), given the duopoly industry illustrated in the exhibit, if the two firms colluded t

tekilochka [14]

Answer:

c: P2; given by the area of the rectangle P1P2BG

Explanation:

Under monopoly, equilibrium is attained where firm's MC becomes equal to firm's MR. In the above diagram, this situation is satisfied 2 times i.e. at Q1 and Q2. This means market price may be P2 or P3 because MC = MR1 at equilibrium quantity Q1 and equilibrium price P3 while MC = MR2 at equilibrium quantity Q2 and price P2.

Economic profit of the firms is the total revenue minus total cost of the firm so it will be area above the MC curve i.e. either P1P2BG or P1P3AF.

But in the options there is presence of only P1P2BG. Therefore, (c) is the correct answer.

7 0

4 years ago