Answer:
C) $195,000.
Explanation:
Calculation for the amount that Lawson should report as inventories in its balance sheet
Raw materials 27,000
Add Work-in-process 59,000
Add Finished goods 109,000
Inventories $195,000
Therefore the amount that Lawson should report as inventories in its balance sheet will be 195,000
Answer:
<u>The correct answer is that the cost of the ending inventory using the retail inventory method is US$ 100,962</u>
Explanation:
Wall-to-Wall Records
Cost Retail
Beginning Inventory $ 48,000 $ 70,000
Purchases $ 210,000 $ 390,000
Cost of Goods Available for Sale $ 258,000 $ 460,000
Cost to Retail Ratio
= $ 258,000 ÷ $ 460,000
= 0.5609 = 56.09%
Cost Retail
Cost of Goods Available for Sale $ 258,000 $ 460,000
− Sales $ 280,000
Ending Inventory $ 180,000
× Cost to Retail Ratio 0.5609
<u>Ending Inventory $ 100,962 </u>
Answer:
D. assign appropriate, but differing, discount rates to each project and then select the projects with the highest net present values.
Explanation:
Even though Division A is the largest and produce the highest amount of sales, it will not be selected based on this factor but its net present value(NPV). This will determine if the sales actually can fully recover the initial investment amount and yield a profit. Therefore, since Division A and B have different levels of risk, it will be appropriate to find their NPVs using different discount rates and accept the one with the highest NPV.
Interest, in a savings account, is calculated as a percentage of what you have saved.
A bank will let you know what percentage of interest they pay monthly on your savings account. Each bank can vary by what they pay in interest so it is important to do your research and search for a bank that gives an amount back that is suitable to you. Keeping your money in savings allows for interest to accrue at a faster rate.
Answer:
Cash flow from financing activities-$380 million
Cash flow from operating activities($18*2) ($36 million)
Explanation:
The amount received from the issue of bonds would appear in the cash flows under the financing activities as cash inflow since the bondholders mad cash available to Agee Technology Inc, in form of loan repayable in future.
The coupon interest for the year (both for June 30 and December 31) would appear as cash outflow under the operating activities section of the statement of cash flow.
Coupon payment for June=$400 million*9%*6/12=$18
Coupon payment for December=$400 million*9%*6/12=$18
The coupon payment for December is included since the payment is made on 31st December,there should not be any time lag between payment and recording the necessary entries.
