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Tomtit [17]
3 years ago
14

The following transactions were selected from the records of Evergreen Company:

Business
1 answer:
Bezzdna [24]3 years ago
4 0

Answer:

The amount of revenue to be reported for the m/o July -31 = $8850.

Explanation:

July-12.  Account Receivable = $ 940

July-16. Account Receivable = $ 4940

July-19. Account Receivable  = $ 2970

July-23. Account Receivable =   (4940-4940)=$0 (due to cash received)

July-31. Account receivable=  (2970-2970)=$0. (due to cash received)

Sales

Sales to wally = $940

Sales to Claudio = $4940

Sales to Otto =<u> $2970</u>

Total sales = $8850.

Cost of goods sold

Cost of sales to wally = $570

Cost of sales to Claudio = $3470

Cost of sales to Otto =  <u>$1870</u>

 Total Cost of sales       $5910

Gross profit = Sales - cost of sales = 8850 - 5910 = $ 2940.

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Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 23 units $16 5 Sale 1
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Answer:

(a) the cost of the goods sold for the September 30 sale and

  • COGS = $415

(b) the inventory on September 30.

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Explanation:

date        transaction           units         unit price          total

1              beginning inv.        23                $16               $368

5             sale                        -13                                    ($208)

17            purchase               24                 $17               $408

30           sale                       -25                                    ($415)

30           ending inv.              9                 $17               $153

When we use first in, first out (FIFO) inventory method, the price of the units sold are calculated using the oldest units in inventory.

The COGS of the units sold on Sept. 5 = 13 units x $16 = $208

The COGS of the units sold on Sept. 30 = (10 units x $16) + (15 units x $17) = $160 + $255 = $415

Ending inventory = 9 units at $17 = $153

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A bond has a $1,000 face value and a $900 market value. The bond pays interest semi-annually, has a yield-to-maturity of 8 perce
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Answer:

the current yield is 6.15%

Explanation:

Here for computing the current yield first we have to determine the monthly payment by applying the PMT formula

Given that

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PV = $900

FV = $1,000

The formula is shown below:

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After applying the above formula, the pmt is $27.67

Now the current yield is

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Answer:

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b). The factor that would increase the likelihood of Bryan to get selected is that Bryan is very sociable person and get easily get mix with people around. He is also able to think and react to situation immediately.  

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