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VashaNatasha [74]
2 years ago
13

suppose dave's discount merchandise inventory account showed a balance of 8000 before the year end adjustments. The physical cou

nt of goods on hand totaled 7400. Dave uses a perpetual inventory system. To adjust the accounts, which entry would the company make
Business
1 answer:
Anna007 [38]2 years ago
3 0

Answer:

Cost of goods sold DR 600

Merchandise inventory CR 600

Explanation:

A perpetual inventory system is a method of inventory management that is used in order to records real-time transactions of received or sold stock. In this system, based on the information provided the company would make the following entry

Cost of goods sold DR 600

Merchandise inventory CR 600

This is because there is a difference on physical goods on hand of 600, meaning that they sold that amount throughout the year. Which is made as a Cost of Goods Sold entry. The company also needs to enter the amount of goods that have been acquired by a distributor, wholesaler, or retailer from suppliers which would be the same.

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Imagine that you are a management coach and one of your clients, a new manager, says, "I’ve heard that about two thirds of manag
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I think 1 and 3

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Tristan owns a local flower shop. His customers are already finding him online, but he's curious whether Google My Business can
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Answer: By responding to reviews

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3 years ago
Rey bought 10 shares of Apex Co. for $17 each and later sold all of them at
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C. Capital Loss

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6 0
3 years ago
Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 23 percent per year for the
Nina [5.8K]

Answer:

P0 = $77.397794 rounded off to $77.40

Explanation:

The two stage growth model of DDM will be used to calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2  +  ...  +  D0 * (1+g1)^n / (1+r)^n  + [(D0 * (1+g1)^n  *  (1+g2) /  (r - g2))  /  (1+r)^n]

Where,

  • g1 is the initial growth rate
  • g2 is the constant growth rate
  • D0 is the dividend paid today or most recently
  • r is the required rate of return

P0 = 1.89 * (1+0.23) / (1+0.15)  +  1.89 * (1+0.23)^2 / (1+0.15)^2  +  

1.89 * (1+0.23)^3 / (1+0.15)^3  +   1.89 * (1+0.23)^4 / (1+0.15)^4  +  

1.89 * (1+0.23)^5 / (1+0.15)^5  +  1.89 * (1+0.23)^6 / (1+0.15)^6  +  

1.89 * (1+0.23)^7 / (1+0.15)^7  +  1.89 * (1+0.23)^8 / (1+0.15)^8  +  

1.89 * (1+0.23)^9 / (1+0.15)^9  +  1.89 * (1+0.23)^10 / (1+0.15)^10  +  

[(1.89 * (1+0.23)^10  *  (1+0.07)  / (0.15- 0.07))  /  (1+0.15)^10]

P0 = $77.397794 rounded off to $77.40

8 0
3 years ago
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