Often an employer will open an interview with, "tell me about yourself." what question is the employer really asking?

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shtirl [24]

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4 0

3 years ago

Which of the following is not needed to calculate simple interest?

kvasek [131]

Down payment - Apex ;)

4 0

3 years ago

Read 2 more answers

Cast Iron Grills, Inc., manufactures premium gas barbecue grills. The company uses a periodic inventory system and the LIFO cost

sammy [17]

Answer:

a) ending inventory: 11,850,000

cost of goods sold: 25,200,000

gross profit 25,200,000

b)

ending inventory: 1,800,000

cost of goods sold: 23,100,000

gross profit 50,400,000 - 23,100,000 = 27,300,000

Explanation:

5,200 at $600

4,100 at $700

6,200 at $800

purchase 29,000 at $900

-sold 28,000 grills

As we use LIFO we sale from the last purchase thus, 29,000 - 28,000 = 1,000 of this units are added as another layer for the inventory account

ending inventory

5,200 at $ 600

4,100 at $ 700

6,200 at $ 800

1,000 at $ 900

Total $ 11,850,000

cost of good sold:

28,000 x $900 = $25,200,000

sales revenue

28,000 x 900 x 200% = $50,400,000

gross profit sales revenue less COGS

b) 5,200 at $600

4,100 at $700

6,200 at $800

purchase 15,500 at $900

-sold 28,000 grills

we check how many layer deep we go:

28,000 - 15,500 at 900= 12,500

12,500 - 6,200 at 800= 6,300

6,300 - 4,100 at 700 = 2,200 at 600

Ending Inventory

3,000 at $600 = $ 1,800,000

COGS:

15,500 x 900 + 6,200 x 800 + 4,100 x 700 + 2,200 x 600 = 23,100,000

3 0

3 years ago

Which of the following is a service fee? an amount of money a bank charges?

aalyn [17]

Answer:an amount of money a bank charges for the use of an account.

Explanation:

When someone charges you money for them to do something it is called a service fee

7 0

3 years ago

Machines A and B are mutually exclusive and have the following investment and operating costs. Machine A has a life of 3 years w

olganol [36]

Answer:

$-1081.01

$-2536.89

Explanation:

Equivalent annual cost method is a capital budgeting method used to choose between two projects with an unequal life span

The decision rule is to choose the product with the higher Equivalent annual cost

Equivalent annual annuity method is better for making this decision because if net present value is used, the project with the higher useful life would be chosen. this does not mean it is more profitable

EAA = $\frac{r(NPV)}{1 - \frac{1}{(1+ r)^{n} } }$

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Machine A

Cash flow in year 0 = - $5,000

Cash flow in year 1 = $800

Cash flow in year 2 = $900

Cash flow in year 3 = $1,000

I = 9%

NPV A = -2736.35

Machine B

Cash flow in year 0 = -$6,000

Cash flow in year 1 = $850

Cash flow in year 2 = $900

I = 9%

NPV B = -4462.67

EAA =

(0.09 x -2736.35) / ( 1 - (1.09)^3) = $-1081.01

(0.09 x -4462.67) / ( 1 - (1.09)^2)= $-2536.89

3 0

3 years ago