Answer:
Results are below.
Explanation:
Giving the following information:
Company 1:
Beginning inventory Merchandise $253,000
Cost of purchases 600,000
Ending inventory Merchandise 153,000
Company 2:
Beginning Finished goods $506,000
Cost of goods manufactured 930,000
Ending Finished goods 147,000
<u>To calculate the cost of goods sold, we need to use the following formula:</u>
<u></u>
COGS= beginning finished inventory + cost of goods manufactured/purchased - ending finished inventory
<u>Company 1:</u>
COGS= 253,000 + 600,000 - 153,000
COGS= $700,000
<u>Company 2:</u>
COGS= 506,000 + 930,000 - 147,000
COGS= $1,289,000
IRR function for this problem is 7. 7% and invest in the project
<h3>What is
IRR function?</h3>
The Excel IRR function returns the internal rate of return (IRR) for a sequence of cash flows that occur at regular intervals. Determine the internal rate of return. Return was calculated as a percentage. =IRR (values, [guess])
IRR is the interest rate at which the sum of all cash flows equals zero, thus it is useful for comparing one investment to another. In the preceding example, if we substitute 8% with 13.92%, the NPV becomes 0, and your IRR becomes zero. As a result, IRR is defined as the discount rate at which a project's NPV becomes zero.
To know more about IRR function follow the link:
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Answer:
$268,696.93
Explanation:
Where an equal amount of money is saved periodically to earn interest at a particular rate of interest to accumulate a target amount in the future , it is called a sinking fund. The purpose could be for retirement, loan repayment or asset acquisition
The sum accumulated (deposit plus interest earned) at the end of the final period is known as the Future Value (FV) of the sinking fund.
The FV is determined as follows:
FV = A × ((1+r/m)^(n× m) - 1)/(r/m))
where FV- future value, A- annual cash flow, r-rate of return, n- number of years, m- number of compounding periods in a year.
<em>so we can apply this to our question</em>
a = 1700, r - 8%= 0.08, m=4, n- 18
FV = 1,700 ×( (1+0.08/4)^(18 × 4) - 1)/(0.08/4))
= 1700 × 158.0570
=$268,696.93
The account will have $268,696.93 at he end of he 18 years
Marginal cost is the incremental cost incurred for one additional unit.
Marginal benefit is the incremental benefit gained from the one additional unit.
The maximized utility is the concept of getting maximum values from the minimum expenditure.
If you decide to eat one more chip. the change in the total amount gained that comes from this action is the Marginal benefit.
Hence the correct answer is the <u>Marginal benefit</u>
Answer:
Cutting = $62,020
Pruning = $16,280
Explanation:
<em>The direct method does not consider the impact of reciprocal servicing arrangement when allocating the overhead of service centers and only allocates overhead to the production cost centers only.</em>
Allocation of Overhead
Janitorial overhead
Cutting = 6/(6+54)× $5,000 = $500
Pruning =54/(6+54) × $5,000= $4,500
Maintenance overhead
Cutting = 9/(9+1)× $7,800 = $7020
Pruning =1/(9+1) × $7,800= $780
Total cost of production department
Cutting = 54,500 + 500 + 7020= 62,020
Pruning department = 11,000 + 4,500 + 780 = 16,280
Cutting = $62,020
Pruning = $16,280
