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irga5000 [103]
3 years ago
7

The beginning and ending finished goods inventories of the Prize Ring manufacturing company were $84,000 and $79,750 respectivel

y. If cost of goods sold equaled $71,400, what is the amount of cost of goods manufactured for this period
Business
1 answer:
VLD [36.1K]3 years ago
5 0

Answer:

$67,150

Explanation:

The computation of cost of goods manufactured for this period is shown below:-

Cost of goods sold = Beginning finished goods + Cost of goods manufactured - Ending finished goods

$71,400 = $84,000 + Cost of goods manufactured - $79,750

$71,400 = $4,250 + Cost of goods manufactured

Cost of goods manufactured = $71,400 - $4,250

= $67,150

Therefore for computing the cost of goods manufactured we simply applied the above formula.

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For purposes of computing the WACC, if the book value of equity exceeds the market value of equity, then: the market value of eq
vagabundo [1.1K]

Answer:

The market value of equity should be used.

Explanation:

Their are only two methods which are book value method or market value method. The market value method is preferred because the reason is that the market value gives the more accurate numerical value that the securities of the company will give which is the required rate of return to its investors. However historic cost data is not useful because the value of stock and bonds keeps changing every second in the stock exchange and their is the risk that the WACC calculated is inaccurate which implies that the project appraised is also incorrect.

So the best way to calculate the weighted cost of capital is that we should use the fair value of the securities.

5 0
3 years ago
Read 2 more answers
Match the word or phrase with the best description of it. a. select the correct word or phrase An expression about whether finan
liubo4ka [24]

Answer Explanation

An expression about whether financial statements conform with generally accepted accounting principles

Audition. If the statement had been done conformed to GAAP it will be a positive audit.

business that raises money by issuing shares of stock:

Corporation, raise fund from issuance of stock

The portion of stockholders’ equity that results from receiving cash from investors

Capital or total paid-in capital

Obligations to suppliers of goods

Account Payable is the liability account to represent thedebt with suppliers

Amounts due from customers

Account receivable represent the amount to collect from customer

A party to whom a business owes money

It is a debtor to the company and will be state under:

Account Receivable or Note receivable accounts

A business that is owned jointly by two or more individuals but does not issue stock.

partnership are integrate by more than one party

8 0
3 years ago
Channel members can help producers by identifying customer complaints, customer preferences, and new competitors in the market.
butalik [34]

Answer:

communication

Explanation:

communication function of channel intermediaries.

Channel intermediaries are responsible for making sure that the product is available at the appropriate quantities, at the right time and place for end user consumption. They also serve as a means of communication between the consumer and producer concerning such issues as product quality.

5 0
2 years ago
Cash to Monthly Cash Expenses Ratio Capstone Turbine Corporation produces and sells turbine generators for such applications as
Andrej [43]

Answer:

a) $1,918.17

b) 16.8 months

C) Yes, Capstone Turbine will remain in business.

Explanation:

a) To find the monthly cash expenses, we have:

Monthly cash expenses = negative cash flow from operations / 12

= 23018 / 12

= $1,918.17

b) To find the ratio of cash to monthly cash expenses, we have:

Ratio of cash to monthly cash expenses = Year end cash / monthly cash expenses

= $32,221 / $1,918.17

= 16.797

≈ 16.8 months

c) Yes, Capstone Turbine will remain in business because the calculated ratio above shows that they have cash to continue operations for approximately 16.8 months.

6 0
3 years ago
E-85 __________A) was an international summit of 85 nations that met to restrict greenhouse gas emissions B) was an internationa
Aliun [14]

Answer:

C. Is an ethanol-gasoline mixture

Explanation:

E-85 is a designation used to represent a combination of ethanol and gasoline. It indicates an ethanol content of 85% and a gasoline content of 15%. Most countries with cold temperatures practice this mixture of ethanol with gasoline, because, ethanol makes it hard for the engines of vehicles to crank.

A major agricultural produce used in the production of ethanol is corn which undergoes fermentation. Some countries who use E-85 as a source of fuel include; the United States, as well as Sweden.

4 0
3 years ago
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