If the distinct keyword is not included in the avg function, the ___

As of December 31, 2019, Sheridan Company had $3500 of raw materials inventory. At the beginning of 2019, there was $3000 of mat

Alekssandra [29.7K]

Answer: $314,500

Explanation:

When calculating how much of a material of any sort was used, the following formula should be used,

= Beginning inventory + Purchases - Ending inventory

This is the same formula largely used to calculate Cost of Goods sold.

Here, the figure to be concerned about is the actual materials used not the ones paid for.

Plugging in figures into the formula then,

= 3,000 + 315,000 - 3,500

= $314,500

Thus $314,500 was the inventory requisitioned for use on jobs during 2019.

4 0

3 years ago

What was the idea that african-americans should celebrate their african roots and remain separate from white society?

kenny6666 [7]

Afrocentrism is an ideology mostly confined to the United states that gained prominence during the civil rights era. It is characterized by an embracing of classical african cultures, african aesthetics, and traditions. It is a response to eurocentrism that attempts to define most modern cultures relative to their relationship or colonization by European countries.

3 0

3 years ago

Discount factor is 0.985. Stock XYZ is selling for $40 a share. An American option on this stock with a strike price of $38 is t

weqwewe [10]

Answer:

Put option

Explanation:

We have current price 40dollars - strike price 38dollars = $2. The question says the stock is trading at $0.25 per share. Since 0.25 is higher than 0 it is a put option. And the intrinsic value is $2.

The put option gives one the right to sell a particular number of shares at a price that has been set which is referred to as the strike price before a certain date.

5 0

3 years ago

Concord Corporation has outstanding 10,200 shares of $100 par value, 6% preferred stock and 59,300 shares of $10 par value commo

Galina-37 [17]

Answer:

See below.

Explanation:

The question here is to find the preferred dividend payable at the time of dividend deceleration. We assume that preferred stock is not cumulative and as such the dividends payable are as follows,

Preferred dividend payable per year = (10200*100)*0.06 = $61,200

So $61,200 is payable to preferred stock holders and 326,000-61,200 = $264,800 is payable to common stock holders.

If the preferred shares were cumulative the 3 year sum of dividend would have been payable.

We can solve for the cumulative dividends as follows.

Preferred dividend payable for 2017, 2018 and 2019 are a joint sum of 61,200 * 3 = $183,600.

This is the sum payable for 3 years.

So in 2019, 183,600 is payable to preferred stock holders and

Ordinary stock holders = 326,000 - 183,600

Ordinary stock holders = $142,400.

Thisbis the remainder paid to ordinary stockholders.

Hope that helps.

4 0

3 years ago

Big Dig LLC makes an offer to perform an excavation and related tasks for Commercial Development Corporation, but due to a subst

valkas [14]

Answer:C. A mistake of value support the cancellation of a contract.

Explanation:

The law of equity says ' he who comes to equity must come with a clean hand. Although the law requires the enforcement of a valid contract but the precensce of a substantial mathematics mistakes make the contract unenforceable.

It's not a bilateral mistake because it's from one the parties, though not all unilateral mistakes can cancel a contract especially when done with negligence.

The contract been below the price of contract of similar nature is not a valid excuse for non performance after agreement.

7 0

3 years ago

If the distinct keyword is not included in the avg function, the ____ keyword will be assumed.