Answer:
the inventory be reported at on the December 31 balance sheet is $828,000
Explanation:
Here the inventory should be recorded at lower of cost or net realizable value
Since the cost per unit is $46
And, the net realizable value is $48
So, the lowest cost per unit is $46
Now the ending inventory reported is
= 18,000 units × $46 per unit
= $828,000
hence, the inventory be reported at on the December 31 balance sheet is $828,000
The point at which it is no longer advantageous to buy in bulk is known as marginal. It is the incremental increase in a benefit to a consumer caused by the consumption of an additional unit of good.Marginal benefits normally decline as a consumer decides to consume more and more of a single good.
Answer:
Dividend paid = (5%× 10,000 × $10) = $5000.
Explanation:
<em>Preference shares entitles the holders to participate in a fixed dividend out of the profit made by the company. The divide is always a fixed percentage of the nominal value of the preference shares</em>
It can be cumulative and non-accumulate.
Cumulative <em>simply implies that should the company misses the payment of dividend in a particular year such unpaid dividend would be carried carried forward and paid in arrears in the following year/</em>
Non-cumulative i<em>s the exact opposite of the case . Here, unpaid dividends are not paid in arrears in fact such are forfeited for life.</em>
Dividend in Year 1
Dividend paid in Year 1 was $ 4000 but ought to be $5,000 (5%× 10,000 × $10). An arrear of $1000
Dividend in Year 2
Dividend paid = (5%× 10,000 × $10) = $5000.
Note that the unpaid dividend of $1,000 in year 1 is lost forever
Answer:
$559,020
Explanation:
The computation of net sales is shown below:-
Total sales = $640,000
Sales discount = $14,500 + $1,450
= $15,950
Sales return = $39,000 + $4,680
= $43,680
Sales allowance = $19,000 + $2,530
= $21,350
So,
Net sales = Total sales - Sales discount - Sales return - Sales allowance
= $640,000 - $15,950 - $43,680 - $21,350
= $559,020
Therefore for computing the net sales we simply applied the above formula.
