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Kryger [21]
3 years ago
6

Stone Pine Corporation, a calendar year taxpayer, has ending inventory of $160,000 on December 31, 2018. During the year, the co

rporation purchased additional inventory of $415,000. If cost of goods sold for 2018 is $470,000, what was the beginning inventory at January 1, 2018?
Business
1 answer:
bezimeni [28]3 years ago
3 0

Answer:

The answer is $215,000

Explanation:

Cost of goods sold equal:

Opening/beginning inventory plus purchases minus closing/ending inventory

To find beginning inventory at January 1, 2018, lets rearrange the formula:

Cost of goods sold minus plus purchases plus closing/ending inventory.

Cost of sales is $470,000

Purchases is $415,000

Ending inventory is $160,000

Therefore, beginning inventory at January 1, 2018 is

$470,000 - $415,000 + $160,000

=$215,000

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The Tool Box needs to purchase a new machine costing $1.46 million. Management is estimating the machine will generate cash infl
dimulka [17.4K]

Answer:

yes, because the IRR is 12.74 percent

Explanation:

given data

present value =  $1.46 million

first year cash inflows c1 =  $223,000

next three years cash inflows c2,c3,c4 = $600,000

rate of return minimum = 12 %

to find out

firm purchase this particular machine based on its IRR

solution

we consider here IRR is = r

we apply here present value formula that is express as

present value = \frac{c1}{(1+r)} +\frac{c2}{(1+r)^2} +\frac{c3}{(1+r)^3} +\frac{c4}{(1+r)^4}  .......1

put here value  

$1.46 million = \frac{223000}{(1+r)} +\frac{600000}{(1+r)^2} +\frac{600000}{(1+r)^3} +\frac{600000}{(1+r)^4}    

solve it we get

r = 12.74%

so here IRR = 12.74% is higher than the rate of return minimum = 12%

so it will create a positive net present value of cash inflows

and project will accepted and firm purchase the machine

so we can say yes, because the IRR is 12.74 percent  

7 0
4 years ago
What is the total sales-mix variance in terms of the contribution margin?
Karo-lina-s [1.5K]

The total sales-mix variance in terms of the contribution margin is $2,60,000 favorable.

The contribution margin is computed because of the promoting charge per unit, minus the variable fee per unit. Also called dollar contribution consistent with the unit, the degree shows how a particular product contributes to the overall earnings of the company.

Contribution margin, or dollar contribution consistent with the unit, is the promoting charge according to the unit minus the variable value in keeping with the unit. "Contribution" represents the part of income revenue that is not fed on with the aid of variable expenses and so contributes to the insurance of fixed expenses.

The closer a contribution margin percent, or ratio, is to a hundred%, the higher. The higher the ratio, the extra cash is available to cover the enterprise's overhead costs or fixed costs. However, it is much more likely that the contribution margin ratio is properly under 100%, and in all likelihood beneath 50%.

Learn more about contribution margin here brainly.com/question/24039258

#SPJ4

3 0
1 year ago
Herb has $20,000 in an interest-bearing time deposit with the Applebottom Bank and Trust Company. While earning a relatively att
topjm [15]

Answer:

CD   Certificate of deposit.

Explanation:

Is a type of savings account that has a fixed interest rate and fixed term of months or years.  Is a financial product commonly sold by banks, trhift institutions, and credit union.   Are similar to savings accounts in the way that they are insured "money in the bank"

4 0
3 years ago
Coppertone uses a _____ advertising schedule, where it advertises heavily in the months leading up to and during the summer, wit
algol [13]
The answer is flighting advertising schedule. It is a publicizing progression or timing design in which promoting messages are booked to keep running amid interims of time that are isolated by periods in which no publicizing messages show up for the promoted thing.
8 0
3 years ago
Charlie’s utility function is ????(x????,x????) = x????x????. The price of apples used to be $1, the price of bananas used to be
Reptile [31]

Answer:

The other options are ; (a) 4 apples (b) 13 apples (c) 11 apples (d) None of the above

Explanation:

The detailed analysis and step by step calculation is as shown in the attached files.

The correct option is NONE OF THE ABOVE

3 0
4 years ago
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