Answer:
a. Cash paid to suppliers of merchandise during the reporting period: $44.1 million
b. A summary entry that represents the net effect of merchandise purchases during the reporting period as below:
Dr Cost of goods sold 44,000,000
Dr Inventory 6,700,000
Cr Account Payable 6,600,00
Cr Cash 44,100,000
Explanation:
We have the total amount goods buying from the supplier in the period = Cost of good sold in the period + Difference in the inventory balance of the period = $44 million + $6.7 million = $50.7 million
Thus, the additional amount owed supplier in the period is $50.7 million.
Account Payable increased by 6.6 million, it means that only 44.1 million ( that is, 50.7 million - 6.6 million) is paid during the period.
Thus, the summary will represents: Increase in COGS 44 million ( given); Increase in Inventory 6.7 million (given); Increase in account payable 6.6 million ( given) and Decrease in Cash 44.1 million ( calculated above).
Answer:
Either because they are in high demand or are advertised well
Explanation:
Answer:
Preparation of a statement of cash flows involves five steps
1. Compute net cash provided or used by operating activities.
This is the section where all the cash flow that belongs to the operating section are been added and subtracted according to the inflow and outflow of the transaction.
2. Compute net cash provided or used by investing activities.
This is the section where all the cash flow that belongs to the investing section are been added and subtracted according to the inflow and outflow of the transaction.
3. Compute net cash provided or used by financing activities.
This is the section where all the cash flow that belongs to the financing section are been added and subtracted according to the inflow and outflow of the transaction.
4. Compute the net increase or decrease in cash
This is the section where the cash-flow from operating, investing and financing activities is been balanced.
5. Report the beginning and ending cash balances and prove that the ending cash balance is explained by net cash flows.
After the cash-flow from operating, investing and financing activities is been calculated, Then, this section is also computed to derive the Closing/Ending cash balance
Answer :
Avoidable interest = $427,298.28
Explanation :
With the help of following steps we can calculate the avoidable interest on this project :
Interest payable on short term loan = $1,612,700 × 10% = $161,270
Interest payable on long term loan = $1,005,400 × 11% = $110,594
Therefore,
Weighted average interest rate = ($161,270 + $110,594) ÷ ($1,612,700 + $1,005,400) × 100
= 10.38%
Now
Avoidable interest is
= [$1,986,000 × 12%] + [($3,806,600 - $1,986,000) 10.38%]
= $427,298.28
The direct mail is the marketing channel that has the most expensive CPM.
What is the CPM?
The CPM is the acronym of the term Cost per thousand. This is used in marketing to show the cost of 1000 advertisements on a web page.
The advertisers that use this have to pay each time that their adverts come up. Publishers earn income anytime such ads come up on their page.
Read more on cpm here:
brainly.com/question/24860817
