A company’s weighted average cost of capital is 10.8% per year and the market intrinsic value of its debt is $33.1 million. The
1 answer:
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Answer:
purchases = 160000
Explanation:
given data
beginning inventory = $140,000
amount of inventory on hand = $80,000
net sales = $400,000
gross profit rate = 40%
solution
we first Computation of cost of goods sold hat is
Gross profit rate = × 100
= = =
= 100 Gross profit = 16000000
so
Gross profit = 160000
and
Cost of goods sold is = sales - gross profit
so
Cost of goods sold = 400000 - 160000
Cost of goods sold = 240000
and
Cost of goods sold = opening inventory + purchases - closing inventory
so put here value
240000 = 140000 + purchases - 60000
so purchases = 160000
Answer:
Correct option is $27,140.70
Explanation:
Provided information,
Provided number of employees in each department
Personnel 10
Cafeteria 25
Producing department A 316
Producing Department B 339
Department cost of personnel department = $52,440
Using direct method this will be allocated to Producing Departments only
A = 316 employees
B = 339 employees
Total = 655
Therefore cost allocated to Department B =
Correct option is $27,140.70