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2 years ago

The three inventory costing methods will normally each yield different amounts of net income

1 answer:

5 0

False due to the costing methods LIFO (last in first out), LILO ( last in last out), weighted average all yield the same amount

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You want a seat on the board of directors of Four Keys, Inc. The company has 265,000 shares of stock outstanding and the stock s

Mila [183]

Answer:

44,167.67 shares

Explanation:

Given that

Number of shares of stock outstanding = 265,000

Sale value per share of stock = $76

Number of seat for election = 5

So by considering the above information, the number of shares needed by using the cumulative voting is

= {shares outstanding ÷ (number of seats + 1) + 1}

= {(265,000 shares ÷ (5 +1) +1}

= 44,167.67 shares

5 0

3 years ago

Ponzi Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1 percent, and a current price of $1,038. The

Dmitriy789 [7]

Answer:

Coupon rate is 6.5%

Explanation:

Bond price is the sum of present value of coupon payment and face value of the bond. If the price is available the coupon payment can be calculated by following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

$1,038 = C x [ ( 1 - ( 1 + 6.1%/2 )^-14.5x2 ) / 6.1%/2 ] + [ $1,000 / ( 1 + 6.1%/2 )^14.5x2 ]

$1,038 = C x [ ( 1 - ( 1 + 0.0305 )^-29 ) / 0.0305 ] + [ $1,000 / ( 1 + 0.0305 )^29 ]

$1,038 = C x [ ( 1 - ( 1.0305 )^-29 ) / 0.0305 ] + [ $1,000 / ( 1..0305 )^29 ]

$1,038 = C x [ ( 1 - ( 1.0305 )^-29 ) / 0..0305 ] + [ $1,000 / ( 1.0305 )^29 ]

$1,038 = C x 19.068 + $418.42

$1,038 - $418.42 = C x 19.068

$619.58 = C x 19.068

C = $619.58 / 19.068

C = $32.49

Coupon rate = 32.49 / $1,000 = 3.25% semiannual

Coupon rate = 3.25% per semiannual x 2 = 6.5% per year

3 0

3 years ago

You have just retired with savings of $2 million. If you expect to live for 57 years and to earn 7% a year on your savings, how

galben [10]

Answer:

Annual withdraw= $143,023.66

Explanation:

Giving the following information:

Present value (PV)= $2,000,000

Number of periods (n)= 57

Interest rate (i)= 7% a year

<u>To calculate the annual withdrawal, we need to use the following formula:</u>

Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (2,000,000*0.07) / [1 - (1.07^-57)]

Annual withdraw= $143,023.66

6 0

3 years ago

Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72

KIM [24]

Answer:

The amount of quick assets is $98,000

Explanation:

All the current assets which can be quickly converted into cash are the quick assets. Inventory is not the p[art of this because it take much longer time to convert into cash than other current assets.

Cash $25,000

Accounts receivable $35,000

Prepaid expenses $2,000

Marketable securities <u>$36,000</u>

Quick Assets <u>$98,000</u>

Inventory 72,000 (excluded)

Following account are other than Current Accounts

Fixed Assets

Intangible assets 40,000

Long-term investments 100,000

Property, plant, and equipment 400,000

Liabilities

Long-term liabilities 75,000

Accrued liabilities 7,000

Accounts payable $ 30,000

Notes payable (short-term) 20,000

5 0

3 years ago

Walmart relies on a cost leadership strategy and tries to keep all of its expenses as low as possible. The company relies heavil

Montano1993 [528]

The actions by Walmart clearly relate to:

C. power and politics

<h3>What is Cost Leadership Strategy?</h3>

This refers to the business strategy of trying to gain a competitive advantage by reducing the overhead costs.

With this in mind, we are told that Walmart relies on a cost leadership strategy and they make use of low wage employees and as much automation as possible and these actions shows that Walmart is using the design of power and politics

Read more about cost leadership strategy here:
brainly.com/question/15359412

5 0

2 years ago