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lesya692 [45]
3 years ago
10

A firm has the following accounts and financial data for 2007:

Business
1 answer:
Oksi-84 [34.3K]3 years ago
5 0

Answer:

The correct answer is $302.40.

Explanation:

According to the scenario, the computation can be done as:

To calculate firms' earning first we less cost of goods and total operating expenses from sales revenue:

= $3,060 - $1,800 - 600

= $660

Now we deduct the interest expense, then

= $660 - $126

= $534

Now we deduct tax rate, then

= $534 × $213.60    ( $534× 40%)

= $320.40

Now we finally deduct the dividends to get the firm's earning to common shareholder's, then

= $320.40 - 18

= $302.40

Hence, the firm's earning to common shareholder's is $302.40.

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Answer:

It will be counted as investment in 2016 and negative investment in 2017.

Explanation:

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3 years ago
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7 0
1 year ago
Using the following information, what is the amount of gross profit?​
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Answer:

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Giving the following information:

Purchases $37,000

Merchandise inventory, September 1 6,100

Merchandise inventory, September 30 6,800

Sales 91,000

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

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C. WIP InventoryminusMolding

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