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choli [55]
3 years ago
5

Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product

s are as follows: Product 1 Product 2 Product 3 Cost $ 40 $ 110 $ 70 Selling price 100 180 130 Costs to sell 6 80 30
Business
1 answer:
Troyanec [42]3 years ago
4 0

Answer and Explanation:

Given:

                                 Product 1      Product 2         Product 3

Cost of product         $20                 $90                 $50

Selling price              $40                 $120                $70

Selling cost                $6                    $40                 $10

Computation:

                                          Product 1      Product 2         Product 3

Product Cost                         $20                 $90                 $50

N.R.V                              ($40-$6)=$34  ($120-$40)=$80  ($70-$10)=$60

Per Unit Inventory Value      $20                 $90                 $50

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Answer:

Net income:                             $

Revenue                             140,000

Expenses                            (50,000)

Dividend paid                    <u> (70,000)</u>

Net income                        <u> </u><u>20,000</u><u>   </u>      

Net income is the amount of increase in stockholders' equity.                                                          

Explanation:

Net income is the excess of revenue over expenses and dividend. A positive net income increases the stockholders' equity. Common                                                                                                                                                      stockholders are legal owners of a company, thus, any income not distributed as dividend increases their equity.                                                            

6 0
3 years ago
In which phase of the job search cycle will you write a thank-you letter to the company following your interview?
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Answer:

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6 0
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3. Suppose that all households hold all their wealth in assets that automatically rise in value when the aggregate price level r
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Answer:

What happens to the wealth effect of a change in the aggregate price level as a result of this allocation of assets?

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8 0
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Answer:

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Purchased of a commercial dishwasher + Incurred transportation costs+ Installation fees= Total recorded amounts

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Answer:

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To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

6 0
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