Answer:
$434,500
Explanation:
Data provided in the question:
Ending Raw materials inventory = $2,000
Materials on hand i.e Beginning inventory = $1,500
Materials purchased during the year = $435,000
Amount paid = $372,500
Now,
The inventory requisitioned for use on jobs during 2019 will be
= Purchases + Beginning inventory - Ending Raw materials inventory
= $435,000 + $1,500 - $2,000
= $434,500
Answer:
9.3 percent
Explanation:
Sarina stable supply stock has a risk premium of 6.2 percent
The inflation rate is 1.7 percent
The risk free rate is 3.1 percent
Therefore the expected return on this stock can be calculated as follows
= risk free rate + risk premium
= 3.1/100 + 6.2/100
= 0.031 + 0.062
= 0.093 × 100
= 9.3 percent
Hence the expected return on this stock is 9.3 percent
Answer:
$51,000
Explanation:
Coronado industries has $16,000 of ending finished goods
The beginning finished goods inventory is $11,000
Cost of goods sold is $46,000
Therefore the cost of goods manufactured for Corona report can be calculated as follows
=$46,000+($16,000-$11,000)
= $46,000+$5,000
= $51,000
Therefore the cost of goods manufactured is $51,000
Answer:
functional value, monetary value, social value, and psychological value
Answer:
a. The realized loss of Liza’s is $30000 (it is not recognized loss).
b.1 Alfred recognized gain is $8000 and realized gain is $38000.
b.2 Alfred recognizes loss of $20000.
Explanation:
a. Explanation
The sell of business property to his son at $100000 which has the market value $130000. Since Lisa incurring a loss of $30000 is considered as a realized loss. This loss can not be considered as the recognized loss because section 267 explains that sell or exchange of property between related parties is not considered as recognized.
b.1 Explanation
the recognized gain can be determined by subtracting the previously disallowed loss of $30000 from $38000 gain. However, the realized gain ($38000) can be determined by subtracting $100000 from $138000.
b.2 Explanation
The recognized loss of $20000 can be calculated by subtracting the $100000 from $ 80000.