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3 years ago

15

____ is not just for technology companies. Haemonetics, a blood management solutions company, purchased Hemerus Medical which ga

ve Haemonetics access to innovative blood collection and storage techniques.

1 answer:

elixir [45]3 years ago

3 0

Answer:

Innovation by acquisition

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On january 1, 2013, a company sold a piece of equipment for $30,000 which it had used for several years. the equipment had cost

Tema [17]

Book value on the date of disposal
Cost of the equipment - accumulated depreciation
45000-20000=25000

Gain on disposal of the equipment
Proceeds from sales - book value on the date of disposal
30000-25000=5000

The amount of gain on disposal (5000) is reported under “Other revenues and
gains” section of the income statement which increase the profit which transferred into shareholders equity. Also, the account of the equipment will be zero

So the answer is d

Hope it helps!

3 0

2 years ago

The Swivel Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production o

ivanzaharov [21]

Answer:

54,000 chairs

Explanation:

The computation of the number of chairs at the beginning of the month is shown below:

Inventory at the beginning of the month = Units completed and transferred + ending inventory units - Units started

= 180,000 chairs + 21,000 chairs - 147,000 chairs

= 54,000 chairs

We simply applied the above formula to find out the inventory at the beginning of the month

7 0

2 years ago

Sweeties, Inc., manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting,

babymother [125]

Answer and Explanation:

Journal Entries to record the flow of costs into the refining department

1.

Dr Work-in process - Refining Department $369,000

Cr Materials $369,000

2.

Dr Work-in process - Refining Department $146,000

Cr Wages Payable $146,000

3.

Dr Work-in process - Refining Department $97,600

Cr Factories Overhead - Refining Department $97,600

b. Entry to record the transfer of production costs to the second department

Dr Work-in process - Sifting Department $614,400

Cr Work-in process - Refining Department $614,400

Work-in process - Sifting Department [$30,200 + ($369,000 + $146,000 + $97,600) - $28,400]

=$30,200+($612,600-$28,400)

=$30,200+$584,200

=$614,400

4 0

3 years ago

BC 'n D just paid its annual dividend of $.60 a share. The projected dividends for the next five years are $.30, $.50, $.75, $1.

Lemur [1.5K]

Answer:

$7.60

Explanation:

Find PV dividend per year at 14% discount rate;

0.30 / 1.14 = 0.2632

0.50 / 1.14² = 0.3847

0.75 / 1.14³ = 0.5062

1 / (1.14^4) = 0.5921

1.20 / (1.14^5) = 0.6232

Find the PV of the terminal cashflow; $PV = \frac{\frac{1.40}{0.14} }{(1.14)^{5} } = 5.2308$

Next, sum up the PVs to find the price of the stock today;

Price = 0.2632 + 0.3847 + 0.5062 + 0.5921 + 0.6232 + 5.2308

= $7.60

6 0

3 years ago

Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction Number of Units Cos

Maru [420]

Answer:

Lauer Corporation

The Cost of Goods Sold using the LIFO cost flow assumption is:

$740,000 ($780,000 - $40,000)

Explanation:

Date Transaction Number of Units Cost per Unit Total

1/1 Beginning Inventory 100 $ 800 $80,000

5/5 Purchase 200 $ 900 180,000

8/10 Purchase 300 $ 1,000 300,000

10/15 Purchase 200 $ 1,100 220,000

Year Total 800 $780,000

Year Sales 750 $ 740,000

Year Ending Inventory 50 $ 800 $40,000

b) The Cost of goods sold ($740,000) is determined by subtracting the ending inventory ($40,000) from the cost of goods available for sale ($780,000). Other method of determining the cost of goods sold under the LIFO cost flow assumption would be to add up the individual costs of purchases to the beginning inventory and then subtract ending inventory. The LIFO cost flow assumption assumes that items sold are from the latest inventory and not the earlier ones.

8 0

3 years ago