Answer:
Purchases= 470,000 pounds
Explanation:
Giving the following information:
Beginning inventory= 60,000 pounds
Desired ending inventory= 120,00 pounds
Direct material for production= 410,000 pounds.
Purchases= production + ending inventory - beginning inventory
Purchases= 410,000 + 120,000 - 60,000
Purchases= 470,000 pounds
Explanation:
Since it is given that
Acquiring value of an vacant lot = $115,000
Sale value of the vacant lot in cash = $298,000
Since the sale value is more than the acquiring value which reflects the increment in the asset for $183,000 due to which the profit is also increased for $183,000 i.e retained earnings
Now the effect is shown below:
1. Assets = Increase = $183,000
2. Liabilities = No change = $0
3. Stockholder equity = Increased = $183,000
Answer: $60
Explanation:
From the question, we are informed that At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70.
The expected winning bid if there are four bidders goes thus:
Since there are four bidders, the probability that the winning bid is $50 is 1/2 and for $70, it's 1/2 as well based on the question.
The expected winning bid will now be:
= ($50 × 1/2) + ($70 × 1/2)
= ($50 × 0.5) + ($70 × 0.5)
= $25 + $35
= $60
Explanation:
$56 * 0.9 = $50.4
$70 * 0.7 = $49
$85 * 0.55 = $46.75
Therefore the watch is cheapest at Store C.
Answer:
The correct answer is Both of the above (A and B).
Explanation:
The CAFR is made up of a group of financial statements that must be reported to local authorities and are reviewed by AICPA certified auditors. This document contains all the budget information from previous years and those that are projected to be completed within the following year, using simple language in order to achieve an easy understanding of the principles applied in its construction.
