Answer: 335000
Explanation:
The company's cost of goods available for sale will be calculated as the addition of the begining inventory, the net purchases and the freight. This will be:
= Beginning inventory + Purchases + Freight
= 250000 + 70000 + 15000
= 335000
Answer:
Liabilities of foreignness is the correct answer.
Explanation:
Answer:
C. The government-wide Statement of Net Position and the proprietary funds Statement of Net Position
Explanation:
CAFR ( Comprehensive Annual Financial reporting ) is provides accurate, summarised, and meaningful information. There are three sections of this reporting as below.
- Introduction
- Financial
- Statistical
In government-wide statement, The capital is reported on the net basis on financial statements.
Answer:
the company’s cost of preferred stock is 10.53%.
Explanation:
given information:
perpetual preferred stock = $57.00
a constant annual dividend = $6.00
to determine the company’s cost of preferred stock we can use the following formula


%
therefore, the company’s cost of preferred stock is 10.53%.
Answer: Accounting profit= $44,500
Economic Profit = $4,150
Explanation: <em>Accounting profit</em> are the profit earned by subtracting explicit cost from the total revenue earned.

<em>Economic profit</em> are profits lefts out after subtracting implicit (opportunity) cost and explicit ( monetary) costs. It is given by

In this case, the explicit cost include rental cost, office supplies, office staff and telephone expenses.
While, implicit cost include the 7% interest foregone on the $5000 savings and the salary foregone ($40,000) by choosing to startup a business than take up the job.