Answer:
See below
Explanation:
The above is an incomplete question. From a similar question, we were given cost of goods sold to be $60,800.
Firm's day sales in inventory is computed as;
= (Ending inventory / Cost of goods sold) × 365
Given that;
Ending inventory = $41,000
Cost of goods sold = $60,800
= ($41,000/$60,800) × 365
= 246days
Answer:
2.02
Explanation:
Each pail of plaster covers 97 Square feet of ceiling
The ceiling of the room is 14 ft long
= 14×14
= 196
Therefore the pail of plaster that will be needed to cover the rooms can be calculated as follows
= 196/97
= 2.02
Answer:
$11,250
Explanation:
The computation of depreciation expense for the second year is given below:-
Double declining rate = 1 ÷ 8 × 2
= 25%
Here, for computing the depreciation for 2nd year we need to first calculate the 1st year of depreciation.
Depreciation for the 1st year = Purchase cost × Double declining rate
= $60,000 × 25%
= $15,000
Depreciation for the 2nd year = (Purchase cost - Depreciation for the 1st year) × Double declining rate
= ($60,000 - $15,000) × 25%
= $45,000 × 25%
= $11,250
Answer: $40,000
Explanation:
The maximum amount of additional money that Carland National Bank can create will be calculated as the difference between the total reserve and the excess reserve. This will be:
= Total reserve – required reserve
where,
Total reserve = $60,000
Required reserve = 200000 × 10%
= 200,000 × 0.1
= $20,000
Therefore,
Excess reserve = $60000 - $20000
Excess reserve = $40000
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follows; the cross price elasticity of demand for iceberg lettuce with respect
to romain lettuce is positive and the cross price elasticity of demand for
iceberg lettuce with respect to tomatoes is negative. Cross price elasticity is
being defined as a demand of which measures the quantity demand responsiveness
in regards of a good in which changes for another good. </span>
