country cupboard purchased inventory for 5500 and also paid a 360 freight bill. Country cupboard returned 45% of the goods to th
1 answer:
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Answer:
c. 11.32; reject
Explanation:
The IRR is the rate at with net present value equals zero.
To solve it you use excel or a financial calculator:
0.1132370
Because the IRR is lower than minimun aceptable rate of return, the project should be rejected.
Answer:
Gross profit earned by the company for each of the four costing methods = Subtraction of Total cost of goods sold from Total Sales
$48,322 - $30,651 = $17,671
Explanation:
Total sales = (330 x 87.4) + (200 x 97.4) = $48,322
Total cost of goods sold overweighted average method = $30,651
Subtract $48,322 from $30,651 to give $17,671 as the gross profit.
In the attached picture, Your will see average costs calculated and the inventory values for March 5, 9, 25, and 29.
