Answer:
Crane Company
If Crane Company uses LIFO, the value of the ending inventory is:
= $440.
Explanation:
a) Data and Calculations:
Units Unit Cost Total Cost
1/1/20 inventory 150 $4.00 $600
1/15/20 Purchase, 70 5.10 357
1/28/20 Purchase, 70 5.30 371
Total 240 $1,328
1/31/20 inventory 110 $4.00 $440 ($4.00 * 110)
b) The LIFO method assumes that goods that are sold first are the last that were purchased. Therefore, the cost of the ending inventory is usually based on the cost of the earlier inventory purchased. In our case, the cost per unit was based on the beginning inventory balance.
Answer:
$287.01
Explanation:
The 2 stage dividend discount model would be used to determine the current value of the stock.
first stage
Present value in year 1 = (1.6 x 1.16) / 1.071 = 1.73
Present value in year 2 = (1.6 x 1.16²) / 1.071² = 1.88
Present value in year 3 = (1.6 x 1.16³) / 1.071³ =2.03
Present value in year 4 = (1.6 x 1.16^4) / 1.071^4 = 2.20
second stage
[ (1.6 x 1.16^4) x (1.06) ] / (0.071 - 0.06) = 279.17
Value of the stock = 1.73 + 1.88 + 2.03 + 2.20 + 279.17 = $287.01
B. You make less than 100’000
Answer:
D. Economic value created.
Explanation:
The reason is that the economic value created is the difference between the price the customer is willing to pay and the cost that the product actually costs to the firm.
Following is the formula for calculation of economic value created:
Economic Value Created = Value customer willing to pay - Cost of product
Here the television costs $400 to the firm and the customer is willing to pay $600 for the television. So by putting the values we have:
Economic Value Created = $600 - $400 = $200
So the correct option is option D.
Answer:
Several types of intanigle property, also known as intangible assets, are protected by law. The three main types are: copyrights, patents, and trademarks.
A copyright is a protection of a creative work like a book, a song, or a film
A patent is a legal protection for a scientific or technological invetion.
And a trademark is a protection of a phrase, name, brand, or symbol that identifies a particular company.
