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2 years ago

Should shoe companies be able to give away free shoes and equipment to high school athletes?

1 answer:

6 0

If this is an opinion question, then my answer would be that the companies should chose where their products are distributed. This can be based off of their product availability, company income, and other factors such as how well they sell their shoes. This can affect how able they are to supply shoes without generating money back from the schools.

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Aaron Company uses the periodic inventory cost flow method. If Aaron's ending inventory is understated due to an accounting erro

cestrela7 [59]

Answer:

a. net income= understated, retained earnings= understated

Explanation:

In accounting and auditing it is established that ending inventory and net income moves in the same direction when it comes to being overstated or understated. That implies that if ending inventory is understated, then cost of goods sold will be overstated by the same amount, and when costs are overstated it finally leads to net income and gross profit being understated.

Furthermore, since it is the net income that will be added to retained earnings thereafter, it implies that the lesser the net income the lesser will be retained earnings. Hence, understatement of ending inventory is understatement of net income and also retained earnings.

4 0

2 years ago

You buy a share of The Ludwig Corporation stock for $21.70. You expect it to pay dividends of $1.00, $1.16, and $1.3456 in Years

Vesnalui [34]

Answer:

g = 16%

dividends yield:

Year 1 4.60%

Year 3: 4.78%

expected rate of return:

year 1 20.6%

year 3 20.78%

Explanation:

grow rate:

D1 /D0 = g

1.16/1.00 - 1 = 0.16

1.3456/1.16 - 1 = 0.16

the grow rate is 16%

dividend yield:

dividends/stock price = dividend yield

1/21.7 = 0,0460 = 4.60%

1.3456/28.15 = 0,04780 = 4.78%

expected rate of return:

dividend yield + grow rate

4.60% + 16% = 20.6%

4.78% + 16% = 20.78%

8 0

2 years ago

The New York Times reported (Feb. 17, 1996) that subway ridership declined after a fare increase: "There were nearly four millio

tester [92]

Answer:

Please see attachment

Explanation:

Please see attachment

Download pdf

6 0

2 years ago

Zortek Corp. budgets production of 380 units in January and 270 units in February. Each finished unit requires four pounds of ra

SOVA2 [1]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Zortek Corp. budgets production of 380 units in January and 270 units in February. Each finished unit requires four pounds of raw material Z, which costs $3 per pound. Each month’s ending inventory of raw materials should be 50% of the following month’s budgeted production. The January 1 raw materials inventory has 190 pounds of Z.

Prouction January= 380 units*4 pounds= 1520 punds

Production Febreaury= (270*4pounds)/2= 540 pounds

Initial inventory= 190 pounds (-)

Purchase= 1870 pounds

3 0

2 years ago

Your company will generate 73,000 in annual revenue each year for the next eight years from a new information database. If the a

lys-0071 [83]

$73,000x8.5%=$6,205 for one year
I believe you are looking for either this number or $6,205x8?
$49,640 for 8 years

4 0

2 years ago