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3 years ago

Tamarisk, Inc. has the following inventory data:

Business

1 answer:

torisob [31]3 years ago

6 0

Answer:

Cost of goods sold (rounded) under LIFO is $1.403

Explanation:

Date Q Cost U.Cost Sold Inventory Cost

nov-01 31 192,2 6,2 0 31 0

nov-08 125 837,5 6,7 52 73 348

nov-17 62 406,1 6,55 62 0 406

nov-25 94 648,6 6,9 94 0 649

312 208 104 1403

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A company had net sales of $752,000 and cost of goods sold of $543,000. Its net income was $17,530. The company's gross margin r

irina1246 [14]

Answer:

The gross margin ratio is 27.8%

Explanation:

Gross Margin is an indicator of whether a company is running an efficient operation and if its sales are good enough

The formula for calculating gross margin ratio is

Total revenue - cost of goods sold ÷ total revenue x 100

Total revenue = $752,000,

Cost of goods sold = $543,000

therefore gross margin ratio

$752,000 - $543,000 = $209,000

$209,000 ÷ $752,000 = 0.2779

0.2779 × 100 = 27.79 ≅ 27.8%

8 0

3 years ago

On December 1, Orenthal Marketing Company received $3,600 from a customer for a 2-month marketing plan to be completed January 3

Ilya [14]

Answer:

a.a debit to Unearned Fees for $1,800

Explanation:

The adjusting entry is shown below:

Unearned fees A/c Dr $1,800

To Earned fees A/c $1,800

(Being the unearned fees is recorded)

The computation is shown below:

= Received amount × number of months ÷ given months

= $3,600 × 1 months ÷ 2 months

= $1,800

We simply debited the unearned fees and credited the earned fees account for $1,800

4 0

3 years ago

Which investment type typically carries the least risk?

Nataliya [291]

Which investment type typically carries the least risk?"Saving Account".

6 0

4 years ago

g Bellingham Company produced 3,400 units of product that required 1.5 standard direct labor hours per unit. The standard fixed

QveST [7]

Answer:

the fixed factory overhead volume variance is $1,180 unfavorable

Explanation:

The computation of the fixed factory overhead volume variance is shown below

= (Actual activity - normal activity)× fixed overhead cost per unit

= (3,400 × 1.5 - 5,500) × $2.95

= (5,100 - 5,500) × 2.95

= 400 × 2.95

= $1,180 unfavorable

Hence, the fixed factory overhead volume variance is $1,180 unfavorable

Simply we applied the above formula so that the correct amount could come

8 0

3 years ago

DuPont analysis is conducted using the DuPont equation, which helps you analyze three important factors that drive a company's R

kobusy [5.1K]

Answer: a. Operational efficiency

c. Efficiency in use of total assets

Explanation:ROE(RETURNS ON EQUITY) This is a term used in financial analysis,it is the percentage representation of the value of a company's NET INCOME DIVIDED BY THE VALUE OF THE SHAREHOLDERS SHARES. Both the balance sheet and the income statement is used when calculating ROE.

OPERATIONAL EFFICIENCY tries to Describe how well the management of the entire Operations is carried out. It is a major determining factor in ROE.

EFFICIENCY IN USE OF TOTAL ASSETS this is a term used to determine how well a company is effectively using it's assets. This assets can be in the form of Financial, Machines,raw materials etc.

Since ROE involves NET INCOME, efficiency in use of total assets is a major determining factor in ROE.

4 0

3 years ago