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masha68 [24]
3 years ago
15

Zimmer, Inc. started the month of January with beginning finished goods inventory of $20,000. The cost of goods manufactured dur

ing the month was $120,000 and the ending finished goods inventory was $50,000. What is the unadjusted cost of goods sold for January?
a.$90,000

b.$120,000

c.$140,000

d.$150,000
Business
1 answer:
Vlad1618 [11]3 years ago
8 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Beginning finished goods inventory of $20,000

The cost of goods manufactured during the month was $120,000

Ending finished goods inventory was $50,000

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 20,000 + 120,000 - 50,000= $90,000

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The profit that is gained by the company for selling a unit is equal to the difference between the revenue and total cost. In this item the revenue is given to be $45 and the profit is $10. To answer this item, we let x be the cost such that,

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If the Federal Reserve were to change from an expansionary to a contractionary monetary
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Buffalo National Corp. (BNC) is currently an all-equity firm worth $320 million with 50 million common shares outstanding. BNC p
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Answer:

The solution as per the given problem is provided below throughout the explanation portion below.

Explanation:

The given values are:

Debt issued,

= 120

Pretax earnings,

= 80

Tax,

= 35%

All equity firm,

= $320

Number of common stock,

= 50

(a)

Balance sheet before the debt issue's announcement will be:

<u>Assets </u><u>                                 320</u>

<u>Debt   </u><u>                                    0</u>

<u>Equity  </u><u>                                 320</u>

then,

The total will be "320".

(b)

The per share price will be:

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= \frac{320}{50}

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or,

After tax, the net income will be:

= EBIT(1-t)

= 80(1-0.35)

= 80\times 0.65

= 52

(c)

The return on equity will be:

= \frac{Net \ income \ after \ taxes}{Value \ of \ equity}

= \frac{52}{320}

= 0.1625

or,

= 16.25 (%)

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