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3 years ago

Beginning inventory, purchases, and sales for Product XCX are as follows:

Business

1 answer:

9966 [12]3 years ago

4 0

Answer:

Cost of merchandise sold = $483 , Closing stock = $227

Explanation:

Perpetual inventory system includes updates done, when sale or purchase transaction happens

Opening Stock = 26 units (price 15). Value = 26 x 15 = 390

Sale = 13 units, price 15. So, sales cost value = 13 x 15 = 195

Purchase = 20 units (price 16). Value = 20 x 16 = 320

Sale = 18 units, price 16. So, sales cost value = 18 x 16 = 288

Total sales cost value, or cost of merchandise sold = 195 + 288 = 483

Closing stock = Opening stock + purchase - sales cost

= 390 + 320 - 483

= $227

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A bank has Tier I capital of $90 million and Tier II capital of $70 million. The bank has total assets of $2,522 million and ris

skelet666 [1.2K]

Answer:

C. Under-capitalized

Explanation:

Tier Capital/Risk-weighted assets = (90 million + 70 million)/2,017.6 million

= 7.93%;

Tier 1 Capital /Risk-weighted assets = 90 million /2,017.6 million

= 4.46%;

Tier Capital/Total assets= (90 million + 70 million)/2,522 million

= 6.34%.

The first ratio puts the bank in the undercapitalized zone.

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4 years ago

Dillon Labs has asked its financial manager to measure the cost of each specific type of capital as well as the weighted average

uranmaximum [27]

Answer:

<em>You didn't post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.</em>

Explanation:

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

3 0

3 years ago

Calculate the yield to maturity (YTM) for a one-year bond with a purchase price of $8,000, a face value of $10,000, and a curren

Mazyrski [523]

Answer:

yield to maturity YTM = 35%

Explanation:

given data

purchase price = $8,000

face value = $10,000

current yield = 10%

solution

we get here yield to maturity YTM

so first we get Annual Coupon by current yield that is express as

Current yield = annual coupon ÷ current price ..............1

put here value we get

Annual Coupon = 10 % × 8,000

Annual Coupon = $800

now we get YTM by purchase price that is

purchase price = Annual Coupon ÷ ( 1+YTM ) + face value ÷ ( 1+YTM ) .......2

put here value we get

8,000 = $\frac{800}{1+YTM} +\frac{10000}{1+YTM}$

solve it we get

yield to maturity YTM = 35%

5 0

3 years ago

A proposed new investment has projected sales of $585,000. Variable costs are 44 percent of sales, and fixed costs are $187,000;

Tema [17]

Answer:

The projected Net Income is $70,784

Explanation:

The Pro- forma income Statement

Working Note:

Variable cost = Sales × 44%

= $585,000 × 44%

= $257,400

EBT (Earnings before Tax) = Sales - Variable cost - fixed cost - depreciation

= $585,000 - $257,400 - $187,000 - $51,000

= $89,600

Net Income = EBT × Tax rate

= $89,600 × 21%

= $70,784

8 0

3 years ago

Which of the following is an example of a price floor? A. Safeway charges $1 more than Fred Meyer charges for a 5 pound bag of

Snowcat [4.5K]

Answer:

C. The government guarantees that potato farmers will receive at least $50 a ton.

Explanation:

Price floor is implemented by the government or a group where price control is imposed or limit is placed on how low a price a product can be sold.

For price floor to be effective it must be higher than the equillibrum price.

Equillibrum price is the price at which quantity consumers are willing to pay for is equal to quantity suppliers re willing to sell.

Price floors are usually used to keep commodity prices from going too low.

So if the government guarantees farmers will receive at least $50 per ton of potato, they are setting a price floor of $50.

4 0

3 years ago