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3 years ago

9

If the government starts a new program where it buys every family that lives in Florida a new air conditioner, one may argue thi

s could lead to

1 answer:

IRISSAK [1]3 years ago

6 0

Other states with hot climates insisting that they should get the same as Florida

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What is tax payable????????

alukav5142 [94]

<span>It's like a type of a</span><span> account in the current liabilities section of a </span><span>company's um I think balance sheet.</span>

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3 years ago

Read 2 more answers

Northwest Fur Co. started the year with $92,000 of merchandise inventory on hand. During the year, $425,000 in merchandise was p

Artyom0805 [142]

Answer:

$ 142,800.00

Explanation:

The ending inventory can be computed by rearranging the cost of goods sold formula:

cost of goods sold=Beginning inventory+net purchases-ending inventory

ending inventory=beginning inventory+net purchases-cost of goods sold

beginning inventory is $92,000

Net purchases=purchases-discount+freight-in charges-purchase return

net purchases=$425,000-($425,000*1%)+$7000-($5000*99%)=$422,800.00

cost of goods sold is $372,000

ending inventory=$92,000+$422,800-$372,000=$ 142,800.00

8 0

3 years ago

General mills offers three sizes of its popular cereal cheerios: 10-, 14-, and 18-ounce boxes, and they are priced at approximat

Marina86 [1]

General Mills sold three sizes of cereal cheerios at $2.99, $3.99, and $4.49 each. Selling tactic used by the company is psychology pricing. General Mills used this technique to encourage customers to respond on emotional levels rather than logical ones.

<span>Setting the price of the cereal at $2.99 is proven to attract more consumers than setting it at $3.00, even though the difference is only $.01. Consumers are said to put more attention on the first number on a price tag than the last. </span>

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2 years ago

A client has requested advice on a potential investment opportunity involving an income-producing property. She would like you t

s2008m [1.1K]

Answer:

The correct answer is D. 10.00%

Explanation:

To get internal rate of return we use excel or a spreadsheet. See document attached.

Make the cash flow to solve this problem. At moment 0 we have the investment cost , in this case $1.475.668 (negative) From period 1 to period 5, we have different incomes o benefits. Salvage value is 1.615.205, we are going to get it at moment 5 (positive).

Then, we calculate the Net cash flow that is the difference between benefits and cost.

We use all the result (positive and negative) in Net cash flow to get the IRR.

Net Present Value (NPV) 768907

Internal Rate of Return (IRR) 10,00%

5 0

2 years ago

The following information applies to the questions displayed below.] McAllister, Inc. employs a normal costing system. The follo

alexgriva [62]

Answer and Explanation:

The computation is shown below:

Given that

Total manufacturing costs = $1,310,000

Cost of goods manufactured = $1,275,500

Applied manufacturing O.H = 30% of manufacturing costs

= 0.3 of 1,310,000

= $393,000

(1)

The direct labor cost is

80% of direct labor cost = Applied overhead

So direct labor cost = $393,000 ÷ 80%

= $491,250

(2) The total cost of direct material is

As we know that

Total manufacturing costs = Direct materials + Direct labor + Applied Overhead

So,

Direct materials = Total manufacturing costs - Direct labor - Applied overhead

= $1,310,000 - $491,250 - $393,000

= $425,750

(3)

The Ending work in process inventory is

As we know that

Cost of goods manufactured = Beginning work in process + Total manufacturing costs - Ending work in process

Le us s assume X to be ending work in process

Beginning work in process = X × 75% = 0.75X

Now

$1,275,500 = 0.75X + $1,310,000 - X

X = $138,000

6 0

3 years ago