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3 years ago

The following information pertains to Company A's Year 1 inventory activities:

Business

1 answer:

NikAS [45]3 years ago

8 0

Answer:

1 & 5) FIFO Ending Inventory $ 10,800

2) moving average: $ 10,400

3) weighted average $ 9,520

4) LIFO $ 8,800

Explanation:

January 1 Beg Inv 90 $40 subtotal: $ 3,600

May 15 Purchase 160 $65 subtotal: $ 10,400

units: 250 total: $ 14,000

April 11 Sale 50 $70

July 25 Sale 30 $75

Total sales 80 units

Ending Inventory: 250 - 80 = 170 units

FIFO the ending inventory is compose of the last nits

As it follows a crhonological order is the same under periodic and perpetual:

We start from the top

May 15th 160 at 65$ $10,400

170 - 160 units = 10 units

January 1 Beg Inv 10 units at $40 = $ 400

Total ending inventory: $ 10,800

Moving average:

the average is calculate based on the aailable good at hand before eahc purchase:

At April 11th the company's available goods are the beginning invenory thus the COGS is

50 units x 40 dollars each = 2,000

Then, at July 25th the inventory available is:

40 units at $40 dollars = 1,600

and 160 units at 65 dollars = 10,400

total 200 units at 12,000

Average: $12,000 / 200 units = $60 per unit

COGS: 30 units x $60 = 1,800

Total cost: 2,000 + 1,600 = 3,600

Ending inventory: 14,000 - 3,600 = 10,400

Weighted average:

we divide total goods available over the total units purchased:

14,000 / 250 = 56 dollar per unit

ending inventory 170 units x 56 per unit = $ 9,520

LIFO:

the last units are sold while the first are ending inventory we start from the top part :

January 1 Beg Inv 90 $40 subtotal: $ 3,600

170 units - 90 units = 80 units

May 15 Purchase 80 $65 subtotal: $ 5,200

Total $ 8,800

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Answer: $480,350

Explanation:

Income is calculated by deducting expenses from the sales which includes the Cost of Goods sold.

The Cost of Goods sold is given to be 63% of the Sales Next year and the Operating Expenses are given to be 30% of the sales.

That means a total of,

= 63 + 30

= 93%

93% of the sales will be deducted from the sales as expenses.

$290,000 will also be owed as interest so needs to be removed from the sales as well.

Calculating that will give,

= 14,700,000 - 14,700,000(0.93) - 290,000

= 14,700,000 - 13,671,000 - 290,000

= $739,000

This is the income after interest and expenses.

Now the tax has to be accounted for.

With a tax rate of 35%, the income minus tax will be,

= 739,000 ( 1 - 0.35)

= 739,000 * 0.65

= $480,350

$480,350 is the after-tax estimate if income for the following year.

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3 years ago

what are the intangible property that is protected by law which an enterpreneur should consider when starting up a business

Amanda [17]

Answer:

Several types of intanigle property, also known as intangible assets, are protected by law. The three main types are: copyrights, patents, and trademarks.

A copyright is a protection of a creative work like a book, a song, or a film

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3 years ago

$1500 for supplies to sell at a football game. Total receipts for the venue was $3,700. What were her expenses as a percentage o

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Answer:

$\large\boxed{\large\boxed{41\%}}$

Explanation:

You need to assume that the total expenses were equal to the cost of the supplies, i.e. there were not other expenses but the $1,500 for supplies to sell.

The total income or revenue was $3,700.

The percentage of the expenses to the revenue is:

$Percentage=\dfrac{expenses}{revenue}\times 100\\\\\\ Percentage=\dfrac{\$1,500}{\$3,700}\times 100=40.5\%\approx41\%$

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3 years ago

If the company were to issue an annual zero-coupon bond with a maturity of 2 years and par value of $1,000, what would be the ar

Firdavs [7]

Answer:

Note: The complete question is attached as picture below

1a. The one year spot rate can be calculated using the one year zero bond.

PV * (1 + S1) = FV

1 + S1 = 1000 / 900

S1 = 1.1111 - 1

S1 = 0.1111

S1 = 11.11%

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Annual coupon = 1000 * 5% = $50

950 = 50 / (1 + S1) + (50 + 1000) / (1 + S2)^2

950 = 50 / 1.1111 + 1,050 / (1 + S2)^2

1,050/ (1 + S2)^2 = 950 - 45 = 905

(1 + S2)^2 = 1050 / 905

1 + S2 = 1.160221/2

S2 = 7.714%

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Price of the 2 year zero bond = $861.92

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3 years ago

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cricket20 [7]

Answer:

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Explanation:

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