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statuscvo [17]
3 years ago
12

Stevens Company started the year with an inventory cost of $145,000. During the month of January they purchased inventory that c

ost of $53,000. January sales totaled $140,000. Estimated gross profit is 35%. The estimated ending inventory as of January 31 is
a. $107,000
b. $58,000
c. $91,000
d. $69,300
Business
1 answer:
Korvikt [17]3 years ago
6 0
D is correct. i might be wrong
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Answer: Aggregate demand would shift to the left due to a decrease in US exports.

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There are a variety of types of conflict that can occur among channel members. If a hardware store down the street from our ice
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Answer:

conflict caused by the hardware store adopting "scrambled merchandising" marketing.

Explanation:

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When a store owner sells many unrelated goods it gives the buyer the impression that the seller does not specialise in a particular type of product.

The conflict in this case arises through scrambled merchandising. A hardware store starts to sell ice cream like our own business.

6 0
3 years ago
Assume that management is evaluating the purchase of a new machine as follows: Cost of new machine: $800,000 Residual value: $0
borishaifa [10]

Answer: a. 15%

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Explanation:

1. Cost of new machine = $800,000

Residual value = $0

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Expected useful life = 5 years

Average rate of return on this asset will be calculated thus:

Firstly, we'll calculate the net income per year = Total net income / Number of years = $300000/5 = $60000

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Average rate of return = Net Income per year / Average investment = $60000/$400000 = 0.15 = 15%

2. Cash payback period is computed as the initial cost divided by the annual net cash inflow. It is the amount of time that is required for the cash inflows that is generated by a particular project to be able to offset its initial cash outflow.

5 0
2 years ago
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7 0
3 years ago
What are two motivations to sell an asset, even if the current value is less than what you paid for it?
SOVA2 [1]

Answer:

two motivations to sell an asset, even if the current value is less than what you paid for it, are:

1. You want to buy new assets that are performing well currently.  

2. You want to diversify the types of assets that you own.

Explanation:

Asset management needs to implement measures in order to administrate risk. When you have an asset, whose value is less than the price you paid for it. Selling this asset becomes a logical decision when you either want to diversify your portfolio or buy a new asset that has a better performance in the market.  

Diversifying a portfolio is very important to avoid market risk. Having all your eggs in one basket is never a good investment decision because if something goes wrong with that particular investment your losses will be greater. For this reason, is always a good decision to keep different types of financial assets that help you to divide the risk among several assets.

Besides, if the current performance of a given assets is way better than an asset that is currently giving you no return in the investment because its actual price is less than the price you paid for it.    

6 0
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