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Dmitry_Shevchenko [17]
3 years ago
15

TB MC Qu. 05-112 Eastview Company uses a perpetual... Eastview Company uses a perpetual LIFO inventory system, and has the follo

wing purchases and sales: January 1 150 units were purchased at $9 per unit. January 17 120 units were sold. January 20 160 units were purchased at $11 per unit. January 29 150 units were sold. What is the value of cost of goods sold
Business
1 answer:
icang [17]3 years ago
6 0

Answer:

$2,730

Explanation:

The computation of the cost of goods sold using the LIFO perpetual inventory system is shown below:

Since 120 units and 150 units are sold

So, the same is to be considered

Therefore the cost of goods sold is

= 120 units × $9 per unit + 150 units × $11 per unit

= $1,080 + $1,650

= $2,730

We take the 120 units at $9 per unit and 150 units at $11 per unit so that the cost of goods sold is recorded

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You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $1.50 a share at the end
kkurt [141]

Answer:

44.35

Explanation:

The stock will increase the grow rate of the company. We need to solve this.

The grow rate will be determinate using the Gordon dividend grow model

\frac{divends}{return-growth} = Intrinsic \: Value

we clear for g

return - \frac{divends}{stock} = grow

to find the return we use CAPM

Ke= r_f + \beta (r_m-r_f)  

risk free 0.032

market rate

premium market = (market rate - risk free) = 0.045

beta(non diversifiable risk) = 0.9

Ke= 0.032 + 0.9 (0.045)

Ke 0.07250

this will be the return we use in the formula for grow

g = 0.0725 - 1.5/40 = 0.03500

At this rate our dividends will grow and also our share price

the stock in 3 years will be the current price capitalized with the grow rate

Stock \: (1+ grow)^{time} = Stock_{3years}

Stock    40.00

time 3.00

rate         0.035

40 \: (1+ 0.035)^{3} = Stock_{3years}

Futue value in 3 years = 44.35

5 0
3 years ago
Multiple choice-- economics
gtnhenbr [62]

Answer:

The effect of increasing the money supply on inflation

Explanation:

Economics can be classified into two (2) categories, namely;

1. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

2. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets.

Hence, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.

In conclusion, microeconomics focuses on all of the aforementioned statements except the effect of increasing the money supply on inflation because it is a macroeconomic factor.

5 0
2 years ago
The entry to establish a petty cash fund includes:___________
guapka [62]

Answer:

c) a debit to Petty Cash and a credit to Cash.

Explanation:

According to the golden rule of double of entry that a giver should be credited while a receiver is debited, the cash account is the giver in this case would be credited while the receiver,the petty cash account would be debited on the other hand.

The correct option which corroborates my explain above is option C.

Option A is wrong because the reverse was the case.

7 0
2 years ago
Provide an example that shows variable costing is divided among different activities, and that each activity has its own predete
denis23 [38]

Answer:

Variable Expense - Cost driver

Machine setup cost - Number of Setups

Machine running cost - Machine hours used

Ordering Cost - No of orders placed

Labor Cost - Labor hours worked

Raw Material - Material usage rate

Transportation Cost - No of Orders delivered.

Explanation:

An organizational structure in one in which certain activities are aligned to achieve the ultimate goal of the organization. Similar types of set of machines together to get particular output product. The cost drivers in organizational structure can influence the output of a company.To determine the product cost per unit using the absorption costing we find the per unit rate for Variable Overheads for the activity by diving the total variable cost by its cost driver.

7 0
3 years ago
Banks Company sold merchandise on account for $35,000 with terms 2/10, n/30. The cost of goods sold was $27,600. If the invoice
WITCHER [35]

Answer:

The amount of cash received by Banks Company is $34,300

Explanation:

The computation of the cash received by the bank company is shown below:

= Merchandise amount - discount

where,

Merchandise amount is $35,000

And, the discount equal to

= Merchandise amount × discount percentage

= $35,000 × 2%

= $700

Now put these values to the above formula  

So, the value would equal to

= $35,000 - $700

= $34,300

3 0
3 years ago
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