Answer:
Option A
Total cost of goods sold = $<u>1,007.7</u>
Explanation:
<em>Under the last -in-first-out (LIFO) method, inventory are priced using the price of the newest/latest batch in stock until a new batch is received after which the price of the new batch is used and this is continued.</em>
So we apply the principle as follows:
$
July 14 sale of 83 units = 83× 6.90 = 572.7
July 30 sale of 58 units = 58× 7.50 = <u>435</u>
Total cost of goods sold <u>1,007.7</u>
Total cost of goods sold = $1,007.7
Answer:
$607,250 outflow
Explanation:
Net Working Capital is the amount of money needed to maintain operations on a day to day basis.
Net Working Capital = Current Assets - Current Liabilities
where,
<u>Current Assets are calculated as :</u>
Inventory $216,000
Accounts Receivable ($525,000 x 1.09) $575,250
Total $788,250
and
Current Liabilities = $181,000
therefore,
Net Working Capital = $788,250 - $181,000 = $607,250
Conclusion
The project's initial cash flow for net working capital is $607,250 outflow.
The council of better business bureaus is a national organization devoted to consumer service and business self-regulation.
Manufacturers that engage in this type of speculative production often need short-term financing to do all of the following except buy equipment.
The term "short-term finance" refers to funding requirements for a brief period, often less than a year. It is often referred to as working capital finance in firms. This kind of financing is typically required because of the inconsistent cash flow into the firm, the seasonal nature of operations, etc.
Small business owners can access the cash they need to pay unexpected bills, bridge cash flow gaps, purchase inventory, or seize business opportunities with the aid of short-term business loans.
To more about Short-term financing here
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Answer:
Flexible Budget
Actual Guests 350
Actual jeeps 104
Revenue $38,850
Expenses:
Tour Guide Wage $12,688
Vehicle Expenses $15,060
Administrative expenses $3,750
Total expense $31,498
Net Operating Income $7,352
Explanation:
The company's flexible budget for the actual level of activity in October would be as follows:
Flexible Budget
Actual Guests 350
Actual jeeps 104
Revenue $38,850=350 guest x $ 111
Expenses:
Tour Guide Wage $12,688=104 jeep x $ 122
Vehicle Expenses $15,060=$4,100+(350 guest x $12)+(104 jeeps x $65)
Administrative expenses $3,750 [$2700 + (350 guest x $ 3)]
Total expense $31,498
Net Operating Income $7,352