All categories

3 years ago

Manufacturers usually classify inventory into all the following general categories except:

Business

2 answers:

Maksim231197 [3]3 years ago

5 0

Answer:

c. merchandise inventory

Explanation:

Merchandise inventory is related to finished goods that have been purchased and are intended to be resold for a profit.

Since the question refers to manufacturers (companies that produce their own product), the only general inventory classifications applied are work in process, finished goods and raw materials.

Therefore, the answer is c. merchandise inventory.

elena-s [515]3 years ago

4 0

Answer:

The Answer is C

Explanation:

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lozanna [386]

Option B, Manage your money

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2 years ago

A company reported beginning inventory of 100 units at a per unit cost of $25. It had the following purchase and sales transacti

patriot [66]

Answer:

14-Jan

Dr Trade Receivable $1,125

Cr Sales

14-jan

Dr Cost of sales 625

Cr Inventory 625

9-Apr

Dr Inventory 375

Cr Trade Payable 375

2-Sep

Dr Trade Receivable $2,500

Cr Sales $2,500

2 sep

Dr Cost of sales $1,375

Cr Inventory $1,375

Dec 31 No journal entry

Explanation:

Preparation to Records the month-end journal entries noted below, assuming the company uses a periodic inventory system

14-Jan

Dr Trade Receivable $1,125

Cr Sales (45*25)

14-jan

Dr Cost of sales[25*25] 625

Cr Inventory 625

9-Apr

Dr Inventory (25*$15) 375

Cr Trade Payable 375

2-Sep

Dr Trade Receivable $2,500

Cr Sales (50*50) $2,500

2 Sep

Dr Cost of sales $1,375

Cr Inventory $1,375

($2,500-$1,125)

Dec 31 No journal entry

8 0

3 years ago

Kline Construction is an all-equity firm that has projected perpetual EBIT of $320,000. The current cost of equity is 12.3 perce

miskamm [114]

Answer:

$1,879,215.61

Explanation:

Given that,

EBIT = $320,000

Current cost of equity = 12.3%

Tax rate = 40 percent

Value of perpetual bonds = $936,000

Annual coupon rate = 6.5 percent at par

Value of the unlevered firm:

= [EBIT × (1 - Tax rate)] ÷ Current cost of equity

= [$320,000 × (1 - 0.4)] ÷ 0.123

= $192,000 ÷ 0.123

= $1,560,975.61

Value of the levered firm:

= Value of the unlevered firm + (Tax rate × Value of perpetual bonds)

= $1,560,975.61 + (0.34 × $936,000)

= $1,560,975.61 + $318,240

= $1,879,215.61

4 0

4 years ago

In the 1970s, Atari singlehandedly created a market for home video games, offering a console and cartridges that contained games

Y_Kistochka [10]

Answer:

c. blue ocean

6 0

4 years ago

Sperberg Corporation's operating leverage is 5.2. If the company's sales increase by 10%, its net operating income should increa

Dominik [7]

Answer:

net operating income that is increase by 52%

Explanation:

given data

operating leverage = 5.2

sales increase = 10%

solution

we get here net operating income that is increase by as

percentage of increase net operating income = operating leverage × sales increase .............................1

put here value we get

percentage of increase net operating income = 5.2 × 10%

percentage of increase net operating income = 52%

3 0

3 years ago