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
Answer:
To find the net worth, subtract the liabilities from the assets
Explanation:
Procurement is the supply chain function that receives inputs from the demand plan to procure materials, equipment, and services.
The process of organizing the many tasks necessary to create and distribute goods and services to a company's clients is known as supply chain management. The transfer of raw materials from the supplier to the producer to the final delivery to the customer is all included in the supply chain. Designing, farming, manufacturing, packaging, and transportation are a few examples of supply chain operations. A supply chain is the entire process of getting a finished good or service to the client. It may be necessary to obtain raw materials, convey them to the production facility, and then deliver the finished products to a customer.
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Answer:
Residual income = Operating income - (r x Asset invested)
$8 million = $13 million - (r x 25 million)
$8 million = $13 million - r25 million
r25 million = $13 million - $8 million
r25 million = $5 million
r = $5 million/25 million
r = 0.2 = 20%
Thus, required rate of return is 20%
Explanation:
In this case, we need to apply the residual income formula. Operating income, asset invested and residual income have been given with the exception of rate of return. Thus, rate of return becomes the subject of the formula.
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