Which financial statement is prepared first?

As a recently hired financial analyst, you have been asked to analyze the efficiency with which Caterpillar has been managing it

postnew [5]

Inventory Turnover - LIFO

2011 = $43,578/ (14,544+$9,587)÷2 = $43,578/$12,065.50 = 3.61

Inventory Turnover - FIFO

2010 = $43,731/(16,966+$12,162)÷2 = $43,731/$14,564 = 3.00

Inventory Turnover - LIFO

2010 = $30,367/($9,587+$6,360)÷2 = $30,367/$7,973.50 = 3.81

Inventory Turnover - FIFO

2010 = $30,814/($12,162+$9,382÷2 = $30,814/$10,772 = 2.86.

John Deere Inventory Ratio -

LIFO - 5.90

FIFO - 4.20.

Inventory refers to all the items, goods, goods, and materials that a business holds for sale in the market to make a profit. Example: If a newsagent uses a vehicle to deliver newspapers to customers, only the newspapers are considered inventory. A car is treated as an asset.

Learn more about Inventory at

brainly.com/question/24868116

#SPJ4

8 0

2 years ago

Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $14 per hour.

slava [35]

Answer:

the actual payroll is $189,630

Explanation:

Calculation of Standard Payroll Cost

Standard Payroll Cost (flexed) = 13,100 hours×$14 per hour

= $183,400

Reconciling the Standard Payroll Cost to Actual Payroll Cost

Standard Payroll Cost (flexed) $183,400

Add unfavorable direct labor efficiency variance $15,400

Less favorable direct labor rate variance ($9,170)

Actual Payroll Cost 189,630

8 0

3 years ago

An important aspect of the market system is that producers and consumers always have to consider the public interest in making p

marusya05 [52]

Answer:

The statement is: False.

Explanation:

In a market system or market economy, the output is determined by the natural forces of the market participants, that is demand and supply. Though, each of them intervenes in the economy according to their interest. Businessmen tend to control the production resources at will to generate revenue under this type of market.

5 0

4 years ago

All of the following are assumptions of cost-volume-profit analysis except a.the sales mix is constant. b.costs can be divided i

Vikentia [17]

Answer:

d. within the relevant range of operating activity, the efficiency of operations can change.

Explanation:

Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Generally, to use the cost-volume-profit analysis, financial experts usually make some assumptions and these are;

1. Sales price per unit product is kept constant.

2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.

3. All the units produced are sold i.e there is no change in inventory quantities during the period.

5. The costs accrued are as a result of change in business activities.

6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.

Hence, the aforementioned are assumptions of cost-volume-profit analysis except that, within the relevant range of operating activity, the efficiency of operations can change.

6 0

4 years ago

Find the duration of a bond with settlement date May 27, 2018, and maturity date November 15, 2027. The coupon rate of the bond

liq [111]

Answer:

Macaulay duration 6.9659

Modified duration 6.6980

Explanation:

Calculation to Find the duration of a bond with settlement date.

Based on the information given we would Find the duration of a bond with settlement date using Excel

Macaulay duration =duration(settlement,maturity,coupon,yield frequency)

Where,

Settlement date o= 5/27/2018

Maturity date = 11/15/2027

Coupon rate =7.0%

Yield to maturity=8.0%

Frequency =2 years

=Macaulay duration(5/27/2018 ,11/15/2027 ,0.07,0.08,2)

Macaulay duration= 6.9659

Therefore Macaulay duration is 6.9659

Modified duration=mduration((settlement,maturity,coupon,yield frequency)

Where,

Settlement date o= 5/27/2018

Maturity date = 11/15/2027

Coupon rate =7.0%

Yield to maturity=8.0%

Frequency =2 years

Modified duration=mduration(5/27/2018 ,11/15/2027,0.07,0.08,2)

Modified duration=mduration= 6.6980

Therefore Modified duration is 6.6980

Summary:

Settlement date 5/27/2018

Maturity date 11/15/2027

coupon rate 0.07

yield to maturity 0.08

nper 2

Macaulay duration 6.9659

Modified duration 6.6980

7 0

3 years ago