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1 year ago

Other things remaining the same, if the average aggregate inventory value goes down, then?

1 answer:

7 0

Other things remain the same if the average aggregate inventory value goes down, then the inventory turnover ratio will go up, but weeks of supply will go down.

An inventory valuation allows a company to provide a monetary value for items that make up its inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements.

An inventory valuation is a monetary amount associated with the goods in the inventory at the end of an accounting period.

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. A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in the third year, but is providin

Anit [1.1K]

Answer: $17.28

Explanation:

6 month free concession in first year drops rent to:

= 20 / 2

= $10

Effective rent = [Present value of Year 1 rent + Present value of Year 2 rent + Present value of Year 3 rent ] / [ 1 - (1 / (1 + rate)^ number of years) / rate]

= [(10 / (1 + 10%) ) + (21 / (1 + 10%)²) + (22 / (1 + 10%)³)] * [1 - (1 / (1 + 10%)³/ 10%)]

= (9.09 + 17.355 + 16.5289) / 2.48685

= $17.28

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3 years ago

Nix’It Company’s ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances (Nix

PilotLPTM [1.2K]

Answer and Explanation:

The Journal entries are shown below:-

1. Sales Dr, $161,600

To Income summary $161,600

(Being To close a temporary account with credit balances is recorded)

2. Income summary Dr, $176,650

To Sales discount $4,300

To Sales return and allowance $5,100

To Cost of good sold $111,050

To Depreciation expenses $11,700

To Salaries expenses $39,500

To Miscellaneous expenses $5,000

(Being to close a temporary account with a debit balance is recorded)

Working note:-

shrinkage based on physical count = $44,800 - $42,950

= $1,850

Cost of good sold = $109,200 + $1,850

= $111,050

5 0

3 years ago

Taking a college course and recieving both high school and college credit is called?

Dmitry_Shevchenko [17]

Answer:

dual enrollment

Explanation:

8 0

3 years ago

Green Corporation has total sales revenues of $400,000. If its total fixed costs are $70,000 and its total variable costs are $1

Georgia [21]

Answer:

Part 1

the contribution margin is $220,000

Part 2

the net change in operating income is $270,000

Part 3

Stanley's Bicycles contribution margin is $7,500

Explanation:

Green Corporation Contribution Margin Statement

Sales revenues $400,000

Less Variable costs ($180,000)

Contribution $220,000

Less Fixed Cost ($70,000)

Net Income $150,000

Frost Company Contribution Margin Statement

Contribution ($49 x 10,000) $490,000

Less Fixed Cost ($70,000)

Net Income $420,000

Change = $420,000 - $150,000 = $270,000

Stanley's Bicycles Contribution Margin Statement

Sales Revenue ($750 x 200) $150,000

Less Variable Costs :

Cost of Sales ( $600 x 200) ($120,000)

Commission ($150,000 x 15%) ($22,500)

Contribution $7,500

Less Fixed Costs

Rent expense ($1,400)

Salaries ($3,000)

Net Income $3,100

8 0

3 years ago

On May 1, 2021, Varga Tech Services signed a $126,000 consulting contract with Shaffer Holdings. The contract requires Varga to

alukav5142 [94]

Answer:

The amount of revenue recognizable in 2021 is $84000 as shown below

Explanation:

Since the revenue spans over two years,8 months in the year 2021 and the remaining 4 months relate to 2022, the revenue should be recognized on proportional basis.

The revenue in 2021 =total revenue*months in the year/12 months

=$126000*8/12

=$84000

This amount is recorded on monthly basis by crediting revenue with one month sales revenue value $10500($126,000/12) and debiting to deferred revenue.

At the end of the year four months worth of revenue amount would be left in deferred revenue account as revenue for 8 months would have been recognized.

6 0

3 years ago