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Leya [2.2K]
3 years ago
7

Q 9.37: when should the gross profit method of inventory valuation not be used because it is invalid?

Business
1 answer:
rusak2 [61]3 years ago
5 0
At  the  end  of  given  period the  gross  profit  method  is  required  to  estimate  inventory.The  valuation  become  invalid  when the  following  are  not  available.the  value   for   the  beginning of inventory,records  of  purchase  made, the  total  sale  during  the  period   and  the  gross  profit  margin.
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3 years ago
McCann Co. has identified an investment project with the following cash flows.
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Answer:

The present value at 11% is $3,902.13,$3,479.85  at 16% and $2,615.57  at 30%

Explanation:

The present value formula is given as :

PV=FV/(1+r)^n

Where FV is the future value of cash flows such as the ones given in the question

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Find attached spreadsheet for detailed calculations.

Download xlsx
7 0
3 years ago
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What strategy is a company using when it customizes its products, promotion, and distribution to fit cultural, technological, an
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3. What do you think has more risk: buying corporate bonds or buying a second house in hopes that housing prices increase?
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3 years ago
Nếu GDP = $1000, tiêu dùng = $600, thuế = $100, và chi tiêu chính phủ = $200, thì:
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Answer:

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Explanation:

Given;

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Investment = Saving - Taxes

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3 years ago
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