Answer:
$20,000
Explanation:
Calculation for What amount should Valet report in its 2021 income statement for unrealized holding loss
Using this formula
2021 income statement for unrealized holding loss=Aggregate cost -Aggregate Fair value
Let plug in the formula
2021 income statement for unrealized holding loss=$ 180,000-$ 160,000
2021 income statement for unrealized holding loss=$20,000
Therefore the amount that Valet should report in its 2021 income statement for unrealized holding loss is $20,000
Answer:
COGS= $81,146.88
Explanation:
Giving the following information:
Your company has sales of $93,600 this year and the cost of goods sold of $64,700. You forecast sales to increase to $ 117, 400 next year.
First, we need to calculate the percentual participation of cost of goods sold:
%COGS= 64,700/93,600= 0.6912= 69.12%
<u>Now, using the same percentage, we calculate the cost of goods sold for the estimated new sales:</u>
COGS= 117,400*0.6912= $81,146.88
Adding all of that would equal to $1,346
