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3 years ago

Mustang Corporation has accumulated the following accounting data for the month of April:

Business

1 answer:

algol [13]3 years ago

7 0

Answer:

b. $120,100.

Explanation:

The movements in the Inventories account over a period is as a result of goods manufactured (which results in an increase in the account balance) and goods sold ( which results in a decrease in inventory).

As such,

let the cost of goods sold be F

$30,200 + $114,500 - F = 24,600

$30,200 + $114,500 - 24,600 = F

F = $120,100

The cost of goods sold is $120,100.

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Answer:

The present value of the dividends to be paid out over the next six years if the required rate of return is 15 percent is $6.57

Explanation:

Solution:

Given that

The present value =∑ ⁿ t=1 cf/ (1 +r)t

where cf= cash flow

r =the required rate of return

t = the number of years

Now

The present value will be:

cf₁/(1+r)^1 + cf₂/(1 +)^2 + cf₃/(1+r)3 + cf₄/(1 +r)^4) + cf₅/(1 +r)^5 + cf₆/(1+r)^6

Hence,

cf₁, cf₂ cf₃ = 0 as the firm does not expect to pay dividend in the next three years

Note: Kindly find an attached document of the part of the solution to this given question

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3 years ago

Johnny’s Drive-in pays its employees bi-weekly. The first payday of 2014 will be on January 3 and will compensate employees for

Sonbull [250]

Answer:

Accounts

Wages Expense

Wages Payable

$100,000

Explanation:

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3 years ago

To raise $5 million, southeastern corporation decides to issue bonds. if southeastern does not register the bonds with the sec a

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3 years ago

Tori and Scott have applied for an $8,000 installment loan to pay for a new car. They are told that the loan is approved and the

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Answer: They have already signed the contract with the first deal and now the only option to them is to take the original deal since they have already signed the contract which means they now have a legal duty to that first dealer .

Explanation:

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3 years ago

Sturdy Construction has been a successful, small, home-building firm for years. The owner pays subcontractors slightly more than

bazaltina [42]

In this case, the Sturdy Construction is engaging in an effective supply chain management.

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