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3 years ago

Is there an original mcdonalds building left?

1 answer:

3 0

The oldest McDonald's restaurant still open is a drive-up hamburger in Downey, California. It was the second ever McDonald's restaurant and opened on August 18, 1953.

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Selected financial information for Feemster Company for 2012 follows. Sales $ 2,000,000 Cost of goods sold 1,400,000 Merchandise

olganol [36]

Answer:

The merchandise inventory turnover during 2012 is 8 times.

Explanation:

The following information is given:

Sales - $ 2,000,000

Cost of goods sold - $1,400,000

Merchandise inventory Beginning of year - $ 155,000

Merchandise inventory End of year - $ 195,000

After considering these information, it is easy to calculate the merchandise inventory turnover. The formula is shown below:

Merchandise Inventory Turnover = COGS ÷ Average inventory

where average inventory = (opening inventory + ending inventory) ÷ 2

So,

Average inventory = ( $ 155,000 + $ 195,000) ÷ 2

= $175,000

Now, we can compute easily

Merchandise Inventory Turnover = 1,400,000 ÷ $175,000

= 8 times

Thus, the merchandise inventory turnover during 2012 is 8 times.

3 0

3 years ago

7. Gold Company has budgeted the following costs for the production of its only product: Direct Materials $75,000 Direct Labor 5

STatiana [176]

Answer:

$68 = unitary variable cost

Explanation:

Giving the following formula:

Gold Company wants a profit of $100,000

Production= 2,500 units

Selling price= $125

Fixed indirect production costs 27,500

Fixed selling and administrative costs 15,000

To calculate the target total unitary variable cost, we need to use the following formula:

number of units sold= (desired profit + fixed costs) / (selling price - unitary variable cost)

2,500= (100,000 + 27,500 + 15,000) / (125 - unitary variable cost)

312,500 - 2,500unitary variable cost = 142,500

170,000 = 2,500unitary variable cost

$68=unitary variable cost

3 0

3 years ago

Government regulations on credit aim to

stepan [7]

Answer:

A. ensure lenders are rapaid.

6 0

4 years ago

Read 2 more answers

Which of the following statements about taxes is FALSE?

enot [183]

States dont collect income tax the government does so B

5 0

3 years ago

Read 2 more answers

Industrial Machines needs to purchase a new machine costing $1.25 million. Management is estimating the machine will generate ca

max2010maxim [7]

Answer:

The firm shouldn't purchase the machine because the IRR is less than the required minimum

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated using a financial calcuator

Cash flow in year 0 = $-1.25 million.

Cash flow in year 1 = $210,000

Cash flow in year 2 to 5 = $350,000

IRR = 8.51%

The firm shouldn't purchase the machine because the IRR is less than the required minimum

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button

8 0

3 years ago