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Naddik [55]
3 years ago
14

Data for Shelby Company for the current year is as follows:

Business
1 answer:
maks197457 [2]3 years ago
6 0

Answer:

Cost of goods sold is $7,700

Gross Profit is $2,300

Explanation:

Cost of goods sold is Cost of goods available for sale less ending merchandise inventory. Ending merchandise understated by $300 means ending merchandise was accounted $300 less. So, $300 need to be added to ending merchandise. No ending merchandise is $2,300 (2,000 + 300)

Cost of goods sold will be 10,000 - 2,300 = $7,700

Gross profit is sales revenue less cost of goods sold which is computed as shown below:

Gross profit = 10,000 - 7,700

                    = $2,300

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Will Give Brainliest if Right. Megan wants to predict how much gas is left in her tank based on the distance she has driven. She
aleksandr82 [10.1K]

I tink its C. now 100% sure

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6 0
3 years ago
Your portfolio consists of an index mutual fund which represents the overall market and Treasury bills. The mutual fund has a po
pshichka [43]

Answer:

8.01%

Explanation:

Expected return on mutual fund = Risk-free rate + Market risk premium*Beta

Expected return on mutual fund = 3% + 7.7%*1

Expected return on mutual fund = 10.70%

Best estimate of the portfolio expected rate of return = Weight of  mutual fund*Expected return on mutual fund + Weight of  risk-free Treasury bills*Expected return on risk-free  Treasury bills

Best estimate of the portfolio expected rate of return = 65%*10.70 + 35%*3

Best estimate of the portfolio expected rate of return = 0.08005

Best estimate of the portfolio expected rate of return = 8.01%

7 0
3 years ago
A contractor purchased a dozer for $180,000 and anticipates using it for nine years. The salvage value of the dozer at the end o
ArbitrLikvidat [17]

The salvage value of the dozer at the end of year 1 is $163,000

The salvage value of the dozer at the end of year 2 is $146,000

The salvage value of the dozer at the end of year 3 is  $129,000

The salvage value of the dozer at the end of year 4 is  $112,000

The salvage value of the dozer at the end of year 5 is 95,000

The salvage value of the dozer at the end of year 6 is 78,000

The salvage value of the dozer at the end of year 7 is 61,000

The salvage value of the dozer at the end of year 8 is $44,000

The salvage value of the dozer at the end of year 9 is $27,000.

<h3>What is the book value of the dozer?</h3>

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

(180,000 - $27,000) / 9 = $17,000

Book value = cost of the asset - depreciation expense

  • Year 1 = $180,000 - $17,000 = $163,000
  • Year 2 = $163,000 - $17,000 = $146,000
  • Year 3 = $146,000   - $17,000 = $129,000
  • Year 4 =  $129,000 - $17,000 = $112,000
  • Year 5 =   $112,000 - $17,000 = 95,000
  • Year 6 = 95,000  - $17,000 = $78,000
  • Year 7 = $78,000 - $17,000 = $61,000
  • Year 8 =  $61,000  - $17,000 = $44,000
  • Year 9 =   $44,000- $17,000 = $27,000

To learn more about straight line depreciation, please check: brainly.com/question/6982430

5 0
2 years ago
Which of the following is NOT a valid method of modifying cash flows to produce a​ MIRR? A. Turn multiple negative cash flows in
faltersainse [42]

Answer: the correct answer is A. Turn multiple negative cash flows into a single negative cash flow by summing all negative cash flows over the​ project's lifetime.

Explanation: MIRR stands for Modified Internal rate of return. If you add up all negative cash flows in just one  you are not taking into account a very important variable which is "time". It is not the same if you have a negative cash flow in 2 years than in 5 years.

4 0
3 years ago
Flagler Corporation takes eight hours to complete the setup process for a certain electrical component, with the setup cost aver
marshall27 [118]

Answer:

The question is missing the below options:

$0.

$150.

$300.

$900.

$1,200.

The answer to the question is $300

Explanation:

In determining the amount of non-value adding cost,Flagler number of hours used in setup process is compared to that of its competitor.As a result of comparison, it came to light that Flagler used two more hours in setup process.

The extra hours do not necessarily make Flagler better,instead it makes worse off, as extra $300(2hrs*$150) would have to be incurred without any benefits derived.

This extra costs that do not make the organization better off and  do not add value,so it the non-value adding costs.

(8hrs-6hrs)*$150=$300

3 0
3 years ago
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