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3 years ago

Gato Inc. had the following inventory situations to consider at January 31, its year-end.

Business

1 answer:

Leokris [45]3 years ago

5 0

Answer:

The answers are:

Explanation:

A) Not included in merchandise inventory, belongs to the consignor

B) Included in merchandise inventory

C) Included in merchandise inventory

D) Not included in merchandise inventory , they were already sold so they should be included as COGS

E) Not included in merchandise inventory, belongs to the seller

F) Included in merchandise inventory

G) Not included in merchandise inventory , office supplies on hand are usually considered minor expenses

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What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?

icang [17]

Answer:

a. Demand will increase.

b. Demand will increase.

c. Demand will increase.

d. Demand will decline.

e. Demand will increase.

Explanation:

a. If small automobiles become more fashionable, people will prefer them more. This will lead to an increase in demand for autos.

b. If there is an increase in the price of large automobiles and the price of the small automobiles remain the same, people will prefer the cheaper substitutes. This will cause the demand for small automobiles to increase.

c. Inferior goods have a negative income effect. SO, when income declines the demand for small autos will increase and vice versa.

d. If consumers expect the price of small autos to fall in the near future, they will hold their money to buy autos when their price fall. This will cause the current demand to fall.

e. When the price of gasoline drops it will become cheaper to use autos. This will lead to an increase in demand for autos.

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3 years ago

Read 2 more answers

ART has come out with a new and improved product. As a result, the firm projects an ROE of 25%, and it will maintain a plowback

Marianna [84]

Answer:

b. $11.43

Explanation:

g = 25% * 0.20

g = 0.05

g = 5%

D1 = 3 * (1 - 0.2)

D1 = 3 * 0.8

D1 = $2.40

Price = D1 / Expected RR - g

Price = 2.40 / 0.12 - 0.05

Price = 2.40 / 0.07

Price = 34.28571428571429

Price = 34.30

P/E Ratio = Price / Earning per share

P/E Ratio = $34.30/$3

P/E Ratio = 11.43333333333333

P/E Ratio = $11.43

7 0

2 years ago

True or false: if society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with lower costs

Talja [164]

True: if society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with lower costs reduce greater amounts of pollution than those with higher costs

4 0

3 years ago

A company issues $100,000 of 5%, 10-year bonds dated january 1. The bonds pay interest semiannually on june 30 and december 31 e

Gnesinka [82]

Assuming the bonds are sold at par value, the issuer will records the sale with a debit to: Cash $100,000.

<h3>Journal entry</h3>

Based on the information given if the company issues the amount of $100,000 of 5%, 10-year bonds dated january 1 the appropriate journal entry to record this transaction is:

Debit Cash $100,000

Credit Bond payable $100,000

(To record bonds sold at par value)

Inconclusion the issuer will records the sale with a debit to: Cash $100,000.

Learn more about journal entry here:brainly.com/question/14279491

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2 years ago

A recent Mega Millions estimated jackpot amount is $300 million which is the undiscounted sum of the 26 annuity option payments

I am Lyosha [343]

Answer:

Itis better to take the case in hand of 207,000,000 millions

Explanation:

We need to calcualte the present value of a geometric annuity-due

$\frac{1-(1+g)^{n}\times (1+r)^{-n} }{r - g}$

g 0.05

r 0.04

C 4,515,432

n 26

$\frac{1-(1+0.05)^{26}\times (1+0.04)^{-26} }{0.04-0.05}$

127,557,727.45

As is an annuity due, we multiply by (1+r)

127,557,727.45 x (1+0.04) = 132,660,036,548

The present value of the 207,000,000 option is better as the annuity present value is around 130,000,000

4 0

3 years ago