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Kisachek [45]
3 years ago
5

Zhang company reported cost of goods sold of $842,000, beginning inventory of $38,600 and ending inventory of $47,000. the avera

ge inventory amount is:
Business
1 answer:
Anna35 [415]3 years ago
3 0
Given: 
Beginning inventory = $38,600 
Ending inventory = $47,000  
To find: average inventory amount  
Solution:  
Average inventory = (Beginning inventory + Ending inventory) / 2  
($38,600+$47,000) / 2 = $42,800  
Average inventory amount = $42,800
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D. 16,110

39,000+9,250=48,250
48,250-(850+290)=47,110
47,110-31,000=16,110
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3 years ago
A _________ is generally considered an appreciating asset because it may _________ in value over time.
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A house is generally considered an appreciating asset because it may increase in value over time. Appreciation is an increase in the value of an asset over time. The increase of the value of the house may occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. One example would be: the neighborhood became very famous, so the value of the houses there will increase, because the demand will increase.

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3 years ago
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This is an example of insider trading, which is using private company data or information to make improper gains.

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3 years ago
Which of the following costs are not inventoriable? A : buying costs of a purchasing department B : selling costs of a sales dep
Drupady [299]

<u>Answer:</u>

<em>B) Selling costs of a sales department  are not inventoriable</em>

<em></em>

<u>Explanation:</u>

The inventoriable price is the cost from the provider in addition to all costs essential to get the thing into stock and prepared available to be purchased, for example, cargo in. For a maker, the item expenses incorporate direct material, direct work, and the assembling overhead (fixed and variable).

Inventoriable costs once in a while fluctuate, starting with one industry then onto the next, and they additionally vary, starting with one provider then onto the future down the store network.

7 0
3 years ago
The Whistling Straits Corporation needs to raise $72 million to finance its expansion into new markets. The company will sell ne
Alisiya [41]

Answer:

1,390,718 shares

Explanation:

Amount to be raise = $72 million

Underwriters charges = 5%

Filling Fee = $700,000

After deducting the underwriters charges the amount remains 95% of the total value. The company needs to raise exact $72 million after all charges deducted so, will take this amount as 95% of the total and gross up this value to 100%.

Total Amount to be raised = Amount including the underwrites charge + Filling charge = ( $72,000,000 / 100% - 5% ) + $700,000 = $76,489,474

Share price = $55

Numbers of share = $76,489,474 / $55 = 1,390,718 shares

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3 years ago
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