Answer:
The annual rent is $42,620
Explanation:
The computation of annual rent is shown below:
= Annual rent + (rate × gross sales)
where,
The annual rent is
= Monthly rent × total number of months in a year
= $2,800 × 12
= $33,600
The rate is 4%
The excess gross sales is computed by
= Annual gross sales - gross sales
= $725,500 - $500,000
= $225,500
Now put these values to the above formula
So, the answer would be equal to
= $33,600 + (4% × $225,500)
= $33,600 + $9,020
= $42,620
Hence, the annual rent is $42,620
The inventory cost flow assumption does inventory on the balance sheet best approximate its current cost is first-in, first-out.
Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders. There are three different categories of inventory: finished commodities, work-in-progress, and raw materials. On the balance sheet of a company, it is listed as a current asset.
Both the products that are on hand for sale and the raw materials required to make those products are considered inventory.
On the balance sheet of an organization, it is categorized as a current asset.
The three different categories of inventory are raw materials, finished commodities, and work-in-progress.
The first-in, first-out method, the last-in, first-out method, and the weighted average method are the three methods used to value inventory.
Learn more about inventory here:
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I dont know if my answer is right or not but is it shallow?
Answer:
the answer is b
Explanation:
cause its the annual cash outflow
Answer:
Explanation:
Net cash provided by operating activities 140,000
Less: Capital expenditures -81,000
Less: Cash dividends paid -10,000
Free cash flow 49,000
