What is the present value of $18,430 to be received 12 years from today if the discount rate is 7.26 percent?

Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction Number of Units Cos

icang [17]

Answer:

Total LIFO Cost of Goods Sold 1150 units for $ 1302000

Explanation:

LIFo means last in first out. The units bought at the end of the period would be sold first.

Lauer Corporation

Date Transaction Number of Units Cost per Unit Total

1/1 Beginning Inventory 260 $ 960 249600

5/5 Purchase 360 $ 1,060 381600

8/10 Purchase 460 $ 1,160 533600

10/15 Purchase 280 $ 1,210 338800

Total 1360 $ 1503,600

During the year, Lauer sold 1,150 laptop computers.

LIFO COGS

280 units at $ 1,210 = 338800

460 units at $ 1,160 = 533600

360 units at $ 1,060 = 381600

50 units at $ 960= $ 48000

Total LIFO Cost of Goods Sold 1150 units for $ 1302000

5 0

3 years ago

Smith Company has 800,000 shares authorized and 250,000 shares issued and outstanding of its $2 par value common stock. The stoc

GrogVix [38]

Answer:

retained earnings 40,000 debit

common stock 8,000 credit

additional paid-in Common Stock 32,000 credit

Explanation:

shares issued:

800,000 shares x 5% = 4,000 new shares

face value of the shares

4,000 x $2 = 8,000

market value 4,000 x $10 = 40,000

additional paid-in 40,000 - 8,000 = 32,000

we decrease retained earnings and increase the euqity account to balance.

3 0

3 years ago

Read 2 more answers

A ______ map shows what the rocks in an area are and what they are made of

earnstyle [38]

A GEOLOGIC map shows what the rocks in an area are and what they are made of.

". . . . . . the maps we know best show the distribution of roads or rivers or county boundaries, a geologic map shows the distribution of geologic features, including different kinds of rocks and faults."

5 0

3 years ago

Read 2 more answers

In 2009 and 2010 Toyota had to recall millions of automobiles due to uncontrollable acceleration. This recall forced upper-level

Veseljchak [2.6K]

Answer:

formulate grand strategy

Explanation:

In business, formulating grand strategy refers to the effort that we met to balance every single aspects that involved in the operation. We can make a certain department run in full efficiency while neglecting the others.

This can be implemented to Toyota's Case.

Toyota always known for it's efficiency in production. They managed to fulfill their order with relatively fast timing and they also managed to use their resource efficiently with very minimum waste. All of this was important to maximize their profit, but a Company must do this without damaging the quality of their brand.

The fact that they have to recall their products indicated that their quality control department is neglected.

Even if the design is flawed, the Quality control department should've notice it before the product being sent to the market.

6 0

4 years ago

Austin, Aiden, and Zara wanted to open A2Z Sports Bar that serves a unique offering of beer, weekend entertainment, and a limite

stiv31 [10]

Answer:

true

Explanation:

A large percent of small businesses fails during its first years of operation, 20% fail by the end of the first year and 50% fail by the end of the fifth year. It is also true that common or easy to set up businesses also have low growth prospects, and face much more competition.

Every new business starts with an idea, and common ideas are "common" because many people have them. A bar is a relatively common type of business in the US, there are over 62,000 open. The total number of bars have been decreasing since there is so much competition, and unless a business is able to differentiate from the rest, they are simply one more.

Unique ideas that result in innovative businesses generally have a better chance of not only staying open, but also growing at much higher rates.

3 0

4 years ago