Answer:
Option (c) is correct.
Explanation:
Depreciable value of machine:
= Cost of machine - salvage value
= $87,000 - $7,000
= $80,000
Depreciation of second year:
= ($80,000 ÷ 400,000) × 84500
= $16,900
Therefore, the journal entry is as follows:
Depreciation Expenses A/c Dr. $16,900
To accumulated depreciation $16,900
(To record the machines' second year depreciation)
Answer:
Gross profit ratio = 29.5%
Inventory turnover ratio = 6.16 times
Explanation:
(a) Target uses the retail inventory method to account for the majority of it's inventory and the related cost of sales. in this method, inventory is stated at cost using the last in first out (LIFO) method as determined by applying a cost to retail ratio to each merchandise groupings ending retail value.
(b) The cost of inventory includes
1. The amount T pays to it's supplier to acquire inventory.
2. freight cost incurred in connection with the delivery of products to it's distribution centres and store.
3. Import cost reduced by vendor income and cash discounts.
(c) Gross profit ratio = 21788/73785
= 29.5%
Inventory turnover ratio = 51997/(8601+8282)/2
= 6.16 times
Answer:
The correct answer is letter "A": full screen.
Explanation:
The full screen is a scoring model carried out to determine the feasibility of a product. In this stage, the technical and commercial aspects of that product are evaluated to find out if it is possible to be materialized or if the development of that good should stop.
Answer:
4.5 and 3
Explanation:
We know that
Real exchange rate = Nominal exchange rate × (Cost of the basket in US ÷ Cost of the basket in Norway)
So according to this formula, the computation is shown below
When the nominal exchange rate is 3, then the real exchange rate would be
= 3 × (60 ÷ 40)
= 4.5
When the nominal exchange rate is 2, then the real exchange rate would be
= 2 × (60 ÷ 40)
= 3
