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Wewaii [24]
3 years ago
7

Cortez Company updates its inventory records perpetually. The company's records showed a beginning inventory of $21,000, cost of

goods sold of $29,000, and ending inventory of $23,000. How much inventory was purchased during the year?
Business
1 answer:
Kipish [7]3 years ago
4 0

Answer:

$31,000

Explanation:

Data provided

Cost of goods sold = $29,000

Beginning inventory = $21,000

Ending inventory = $23,000

The computation of inventory purchased during the year is shown below:-

Cost of goods sold = Beginning inventory + Purchase inventory - Ending inventory

$29,000 = $21,000 + Purchase - $23,000

Purchase inventory during the year = $31,000

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Learn more about risk and maturity.

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6 0
2 years ago
Katie Homes and Garden Co. has 13,200,000 shares outstanding. The stock is currently selling at $50 per share. If an unfriendly
melamori03 [73]

Answer:

1,980,000            $40

Explanation:

The following is given;

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Unit stock price = $50

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The existing stockholders buy new shares at 20% below $50.

It is worth learning that poison pill is a tactic used by a company that's threatened with an unwelcome takeover bid to make itself unattractive to the bidder. Through the tactic, the company sells a large number of stocks to existing shareholders at lower prices. Thus,

a) the No. of shares to be sold to the unfriendly group

=  15% * 13,200,000 = 1,980,000

b) They will buy at 20% below $50 which translates to

    $50*( 1- 0.2)

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Thus, the new purchase price will be $40 per stock

4 0
3 years ago
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Checking account :)

hope this helps!
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3 years ago
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Rufina [12.5K]

Answer:

A

Explanation:

nor sure but I think this is the right one

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Zara's staff members regularly collect data from customers at its stores. This data is used to: a. decide the designs and styles
umka2103 [35]

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4 years ago
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