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Answer:
Cost of goods available for sale must be allocated at the end of the period between ending inventory and cost of goods sold.
Explanation:
Cost of goods available for sale can be described as the <u>maximum amount</u> of inventory, stock, or goods that is possible for a firm to sell during an accounting period. It is the maximum amount because it is not possible for a firm to sell more than the cost of goods available for sale.
The cost of goods available for sale is obtained by adding beginning inventory and net purchases during an accounting period. This can be stated as follows:
COGAFS = BI + NP ............................... (1)
Where;
COGAFS = Cost of goods available for sale
BI = Beginning inventory
NP = Net purchases
At the end of an accounting period, ending inventory is deducted from the cost of goods available for sale to obtain cost of goods sold as follows:
COGS = COGAFS - EI ............................ (2)
Where;
COGS = Cost of goods sold
COGAFS = Cost of goods available for sale
EI = Ending inventory
Rearranging equation (2) and solve for COGAFS, we have:
COGFAS = COGS + EI ........................... (3)
Equation (3) therefore implies that the correct option is "cost of goods available for sale must be allocated at the end of the period between ending inventory and cost of goods sold".
Chris and Jason are using target return on investment (ROI).
Investment is the determination of an asset to obtain growth in value over a time period. Funding calls for a sacrifice of some gift asset, including time, cash, or effort. In finance, the cause of investing is to generate a return from the invested asset.
Investment definition is an asset obtained or invested in to construct wealth and save money from the tough earned profits or appreciation. Investment means primarily to gain an extra source of profits or advantage profit from the investment over a particular time frame.
In a financial outlook, an investment is the purchase of goods that aren't fed on today but are used in the destiny to generate wealth. In finance, funding is a monetary asset bought with the concept that the asset will provide earnings similarly or will later be bought at a better price fee for income.
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Answer:
1,997,000
Explanation:
Assets = Liabilities + Owners Equity
Assets=275,0000 + 1,722,000
Assets = 1,997,000
Answer:
A)
common stock dividends 9,600 // 0.32 EPS
preferred stock dividends 4,800 //0.8 EPS
B)
preferred stock dividends 14,400 // 2.4 EPS
C)
common stock dividends 51,600 // 1.72 EPS
preferred stock dividends 14,400 // 2.4 EPS
Explanation:
preferred stock 6,000 shares x $10 each x 8% = 4,800
If noncumulative then:
14,400 - 4,800 = 9,600 for common stock
EPS:
4,800 / 6,000 = 0.8 PS
9,600 / 30,000 = 0.32 CS
if cumulative:
4,800 x 3 years (2016 // 2017 and the current year 2018) = 14,400
EPS
14,400 / 6,000 = 2.4 PS
if dividends are 66,000 rather than 14,400
66,000 - 14,400 = 51,600
EPs 51,600 / 30,000 = 1.72
