Answer:
C
Explanation:
Helps you gain control of your finances and helps you achieve goals
Answer:
A. $68,200
Explanation:
Retail Cost
Beginning inventory $60,000
$120,000
Plus: Net purchases. $312,000
$480,000
Goods available for sale $372,000
$600,000
Cost to retail percentage = $372,000 ÷ $600,000 = 62%
Less : Net sales
($490,000)
Estimated ending inventory at retail
$110,000
Estimated ending inventory at cost
62% × $110,000 = $68,200
Answer:
It (DOES NOT) speed up the problem solving process
Explanation:
It is more time consuming to solve a problem as a group, because there is compromise and deliberation time required for a group to come to a unified decision.
Answer:
$192,000 million
Explanation:
Calculation for how much revenue should Parmac recognize in the current year
First step is to find the percentage of completion using this formula
Percentage of completion=Cost incurred/Total expected cost
Let plug in the formula
Percentage of completion=$144 million/$360 million
Percentage of completion=0.4*100
Percentage of completion=40%
Last step is to find the revenue recognized using this formula
Revenue recognized=Total contract *Percentage of completion
Let plug in the formula
Revenue recognized=$480 million*40%
Revenue recognized=$192,000 million
Therefore the amount of revenue that Parmac should recognize in the current year will be $192,000 million
Option C is correct.
The required rate of return and Value of a stock shares inverse relationship. That is, if the required return increases the value or the price of the stock will decrease and vice versa. Therefore, as a result of increase in the required return, the value of the stock will decrease.
