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4 years ago

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An accounting information system (ais) processes to provide users with . data; benefits data; information infor

mation; data data; transactions

1 answer:

Nezavi [6.7K]4 years ago

8 0

Data goes in, information resources come out. Mostly used for financial decision making.

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The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt f

Genrish500 [490]

Answer:

The answer is 3.5

Explanation:

Inventory turnover ratio is:

Cost of goods sold / Total or average inventory

Cost of goods sold is $322,000

Total Inventory in this question comprises work-in- process, finished goods and even raw materials.

So total inventory equals:

Production materials on hand $42,500 Work-in-process inventory $37,000

Finished goods on hand $12,500

Total inventory. $92,000

Therefore, inventory turnover ratio is

$322,000 / $92,000

= 3.5

7 0

3 years ago

Monetarism in the AD-AS framework suggests that a decrease in velocity produces a __________ shift of the __________ curve. Grou

goblinko [34]

Monetarism in the AD-AS framework suggests that a decrease in velocity produces a leftward shift of the AD curve

<h3>What is AD curve?</h3>

An aggregate demand curve (AD) depicts the relationship between total output demanded (measured in real GDP) and price level (measured as the implicit price deflator).

An aggregate demand curve depicts total domestic spending on goods and services at each price level. An example aggregate demand curve is shown below. The horizontal axis represents real GDP, and the vertical axis represents price level, as in an aggregate supply curve.

As aggregate demand components—consumption spending, investment spending, government spending, and spending on exports minus imports—increase, the aggregate demand curve, or AD curve, shifts to the right. As these components fall, the AD curve will shift back to the left.

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2 years ago

Explain the equation for the balance sheet. Define the three major components reported on the balance sheet.

Lelechka [254]

The equation for the balance sheet (also known as the basic accounting equation) is:

Assets = Liabilities + Stockholders' Equity.

The three major components reported on the balance sheet are-

(1) the assets, which are probable future economic benefits owned or controlled by the entity

(2) the liabilities, which are probable future sacrifices of economic benefits; and

(3) the owners’ equity, calculated as the residual interest in the assets of an entity after deducting liabilities.

The list of assets shows the forms in which the company’s resources are lodged; the list of liabilities and the owners’ equity indicate where these same resources have come from.

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2 years ago

On January 1, 2018, Green Corporation purchased 30% of the outstanding voting common stock of Gold Company for $300,850. The boo

tatuchka [14]

Answer:

Investment on Gold Company 305,565

Goodwill 20,360

Carrying value 325,925

Explanation:

<em>Because our current control, we have to use the equity valuation</em>

<em>the net income increased our investment and the cash dividends decreased.</em>

beginning book value 275,400

+ 30% net income

30% of 125,600 = 37,680

-30% cash dividends

30% of 25,050 = (7,515)

ending I<u>nvestment on Gold Company 305,565</u>

<u />

<em>The goodwill will be amortized over 5 years using straight-line method</em>

<u>Goodwill</u>

300,850 - 275,400 = 25,450

life 5 years

25,450/5 = 5,090

amortization (5,090)

<u>Total 20,360</u>

7 0

3 years ago

Ang Electronics, Inc., has developed a new DVDR. If the DVDR is successful, the present value of the payoff (when the product is

Zarrin [17]

Answer:

The NPV of going directly to market is $ 21,600,000 .

The NPV of test marketing before going to market is $26,408,571

Explanation:

In order to calculate the NPV of going directly to market we would have to calculate the Expected Present Value of Payoff

Expected Present Value of Payoff = $34,800,000*40% + $12,800,000*(1-40%)

Expected Present Value of Payoff= $ 21,600,000

The NPV of going directly to market is $ 21,600,000

In order to calculate the NPV of test marketing before going to the market we would have to use make the following calculation:

NPV = -Initial cost in Testing + PV of Expected Present Value of Payoff in one year

Therefore, NPV = -$1,380,000 + ($34,800,000*70% + $12,800,000*(1-70%))/(1+12%)

NPV = $26,408,571

The NPV of test marketing before going to market is $26,408,571

6 0

4 years ago