Answer: provisions
Explanation: According to ias 37
Answer:
Explanation:
Apply first discount to original price
apply next discount to discounted price
etc
Answer:
the total cost of ordering and holding sugar is $1,000 per year
Explanation:
<em>Step 1 Calculate the Economic Order Quantity(EOQ).</em>
EOQ = √(2×Total Demand×Ordering cost)/ Holding Cost per Unit
= √(2×250×20×5)/20
= 50
<em>Step 2 Calculate the total cost of ordering and holding sugar</em>
Total cost = Ordering Cost + Holding Cost
= (250×20)/50 × $5 + 50/2 × $20
= $500+$500
= $1,000
Therefore, the total cost of ordering and holding sugar is $1,000 per year
Answer:
Return (%) = 17.43%
Explanation:
T<em>he return on investment is the sum of the dividends earned and capital gains made during the holding period of the investment.</em>
Dividend is the proportion of the profit made by a company which is paid to shareholders.
Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal.
Therefore, we can can compute the return on the investment as follows:
Dividend= ($1.60× 140)= $224
Capital gains= (90-78) × 140= $1680
Total dollar return on Investment = $224+ $1680= $1904
Total return in (%) = Return/ cost of shares × 100
= 1904/ (140 × 78) × 100
= 17.43%
Answer:
Bell inc should report $980,000 as the total amount of inventory at the end of the year.
Explanation:
Given information -
Inventory that were on hands - $830,000
Inventory that was in transit - $60,000
Inventory that was out on consignment - $90,000
Here for taking out the total inventory all of the given above items would be added .
Inventory that was in transit would be added because these f.o.b. goods would be considered transferred from seller to buyer as soon as they are shipped, so it doesn't matter if they're received two days after the inventory count , they will be added.
Goods which are sent on consignment would also be added because goods would remain in the name of consignor ( Bell inc ) until they're sold by consignee ( an agent who has been hired by Bell inc to sell its goods )
Inventory at end of year - $830,000 + $60,000 + $90,000
= $980,000
