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3 years ago

Financial information is presented below:

Business

1 answer:

VARVARA [1.3K]3 years ago

8 0

Answer:

Net Income $21,000

Net Sales $140,000

Operating Margin ratio = 14%

Explanation:

Net Income is calculated by subtracting operating expenses from gross income.

Net is is calculated by adjusting contra sales account balance is sales value+

Profit Margin ratio is the ratio of net profit to sales value.

Sales Revenue 150,000

Sales Discount (3,000)

Sales returns and allowances (7,000)

Net Sales 140,000

Cost of Goods sold (91,000)

Gross Income 49,000

Operating Expenses (28,000)

Operating / Net Income 21,000

In the absence of interest expenses and tax rate operating income is considered as net income.

Operating Margin = ( $21,000 / $150,000 ) x 100 = 14%

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_____ is collected by outside organizations such as federal and state governments, trade associations, nonprofit organizations,

Zepler [3.9K]

Answer: External secondary data

Explanation:

External secondary data are data gathered and saved by someone or a body that is not part of one's organization. Sources of External secondary data includes published materials, computerised databases and syndicated services.

Note that how difficult or easier it will be getting a secondary data will depend on the methods used in storing and indexing it.

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3 years ago

Shoe Company makes loafers. During the most recent year, Perfect Fit incurred total manufacturing costs of $ 26 comma 100 comma

skad [1K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Total manufacturing costs= $26,100,000

Direct material= $2,000,000 used

Direct labor= $19,800,000

Beginning Direct Materials= $700,000

Begining Work-in-Process Inventory= $1,200,000

Beginning Finished Goods Inventory= $500,000.

Ending Direct Materials= $900,000

Ending Work-in-Process Inventory= $1,900,000

Ending Finished Goods Inventory= $420,000.

First, we need to calculate the cost of raw material purchased using the following formula:

Direct material used= beginning DM + purchases - ending DM

2,000,000= 700,000 + purchases - 900,000

400,000= purchases

Now, we can calculate the cost of goods manufactured using the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 1,200,000 + 26,100,000 - 1,900,000

cost of goods manufactured= 25,400,000

With this information we are in conditions to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 500,000 + 25,400,000 - 420,000= 25,480,000

7 0

3 years ago

Susie decided to start selling lemonade on her street. The other kids in the neighborhood noticed that Susie was making a lot of

xxTIMURxx [149]

Answer:

Decreases and the equilibrium quantity increases

Explanation:

If more children join Susie in the lemonade business, the supply of lemonade would increase. This is indicated by a rightward shift of the supply curve. Because supply has increased relative to demand , price would fall and equilibrium quantity would increase.

I hope my answer helps you

7 0

3 years ago

"In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending

tensa zangetsu [6.8K]

Answer:

The total cost to be accounted for under the weighted-average method is $166,000

Explanation:

Okamura Corporation Partial Manufacturing Account

Particulars Amount

Cost of ending work in process inventory $18,000

Add: Cost of units transferred out $148,000

Total cost accounted for $166,000

The total cost to be accounted for under the weighted-average method is $166,000

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3 years ago

Clancy's just paid its annual dividend of $1.48 per share. Analysts expect the stock price to increase by 2.1 percent annually a

Svetlanka [38]

Answer:

Cost of equity = 13.6%

Explanation:

We will work out the cost of equity, using the the dividend valuation model. The model states that the value of a stock is the present value of the future divided discounted at the cost of equity.

The model is given below:

P = D× (1+g)/(r-g)

P- price of stock, D- dividend payable now, g- growth rate in dividend, r- cost of equity

So we substitute

14.65 = 1.48× (1+r)/(r-0.021)

cross multiplying

(r-0.021)× 14.65 = 1.48 × (1+r)

14.65r - 0.30765 = 1.48 + 1.48r

collecting like terms

14.65r - 1.48r = 1.48 + 0.30765

13.17 r = 1.78765

Divide both sides by 13.17

r =1.78 /13.17= 0.135

r=0.135× 100= 13.6

Cost of equity = 13.6%

=0.135736522

8 0

3 years ago