Answer:
$150,000
Explanation:
Ending inventory, the value of goods available for sale at the end of the accounting period, plays an important role in reporting the financial status of a company and can best be figured out using the equation,
Ending Inventory = Beginning Inventory + Net Purchases - Cost of Goods Sold (or COGS)
Beginning Inventory = $160,000 in retail
Net purchases = $500,000 in retail +$10,000 Markups
Cost of goods sold = $500,000
So, End Inventory = 160,000+500,000+10,000-500,000
End Inventory = $150,000
Answer:
The correct answer is 1,900,000 dollars.
Explanation:
This question requires us to calculate the amount that the Sun angel will recognize as warrantly liability in it balance sheet for the year ended at 20x1.
The sales made during the year is 180 millions dollars. So the company will recognize the provision as follow (during the year)
(180M * 4%= 7.2M)
Debit Warrantly Expense $7.2M
Credit Liability $7.2M
Claim entertain during the year that has reduce the above recognize liabilty is
Debit Liabilty $5.3M
Credit Cash $5.3M
Liability to be reported = $7.2M - $5.3M = 1,900,000 dollars
Answer:
Net cash flow as at the year end= $22,100
Explanation:
The statement of cash flows for Moore shall be calculated as follows:
Cash balance as at January 1, 2018= $54,000
Cash inflow from operating activities= $35,600
Cash outflow from investing activities= ($43,000)
Cash outflow from financing activities= ($24,500)
Net cash flow as at the year end= $22,100
Income Approach seems to fit best but i'm not quite sure.
Sorry if it's wrong.
Answer:
- <em>Underestimating your income is a conservative and healthy measure that can avoid financial problems.</em>
Explanation:
<em>Underestimating</em> your <em>income</em> is a conservative and healthy measure, such as it is overestimating your expenses.
Specially when your income is variable iit can be hard to predict. You will be safer both if your income lowers or your unpredictable expenses increase.
There are many unpredictable situations that could put you in a difficult situation: a disease, a natural disaster, the need to help a family member or friend in trouble. If any of these unfortunate circumstances arises and your budget is too tight, you could see yourself in financial trouble.
But, if you if all is smooth you will have in a happy situation, you will have a surplus which can use for savings, for an important purchase, or for vacations.
It is better to be cautious than to regret later!
