Answer:
Cost of goods sold= $28,900
Explanation:
Giving the following information:
Beginning inventory= 1,550 units at $18
February= 1,800 units at $17
March= 850 units at $19
Xu sells 1,600 units during the quarter.
To calculate the cost of goods sold under LIFO (last-in, first-out) we will use the cost of the last units incorporated to inventory:
Cost of goods sold= 850*19 + 750*17= $28,900
Answer:
B. $2,554.37
Explanation:
In this question we use the Future value formula which is shown below:
Future value = Present value × (1 + rate)^number of years
where,
Present value = $2,400
Rate = 0.625 ÷ 12 = 0.0052083333
Number of years = 1 month × 12 months = 12
So, the future value
= $2,400 × (1 + 0.0052083333
)^12
= $,2,400 × 1.0643218146
= $2,554.37
Answer:
Explanation:
Goodwill is defined as the excess in amount of the purchase price of a company over the fair value at acquisition.It is intangible in nature , meaning it can not be physically separated from the other assets. Example are patent , brand name , good employee relation.
1.
Goodwill calculation
Purchase price - $2,500,000
Fair value - $1,800,000
Goodwill - $700,000
2.
No
Under the IAS 36, impairment of assets , goodwill is not amortized but annually tested for impairment as amortization is applicable to intangible assets with a definite useful life while intangible assets with indefinite useful life are annually tested for impairment to evaluate a loss in value experienced.
3
No
Under IAS 38 , Internally generated goodwill are not recognized as no related cost is incurred towards achieving a future benefit
Answer:
$5.23
Explanation:
The computation of the recent dividend per share is shown below:
Price of the stock = Dividend per share × (1 + growth rate) ÷ (Required rate of return - growth rate)
$79 = Dividend per share × (1 + 2.8%) ÷ (9.6% - 2.8%)
$79 = Dividend per share × (1 + 2.8%) ÷ 6.8%
So after solving this,
The recent dividend per share is $5.23
The answer is true. Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort.
In the world of finance, investing is done in order to profit from the asset being put to use. A gain (profit) or loss realised through the sale of a home or investment, unrealized capital value (or loss), investment income like dividends, interest, or rental income, or a mix of capital gain and income may all be included in the return. The return may also include foreign exchange profits or losses.
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