Answer:
2020:
Sales revenue = Net Sales + Sales returns
= 345,615 + 13,790
= $359,405
Freight-In = Cost of goods sold - Beginning inventory - Purchases + Purchase returns + Ending inventory
= 252,735 - 34,400 - 260,690 + 43,065 + 7,410
= $8,120
2021:
Beginning inventory = Ending inventory 2020 = $43,065
Gross Profit on sales = Net sales - Cost of goods sold
= 396,103 - 292,523
= $103,580
Answer:
$56.19
Explanation:
Because Hot Wings' stock only pay dividend in next four years, the stock intrinsic value is sum of these four discounted dividends. Let formulate the calculation as below:
Hot Wings' stock intrinsic value = Dividend in year 1/(1 + Required rate of return) + Dividend in year 2/(1 + Required rate of return)^2 + Dividend in year 3/(1 + Required rate of return)^3 + Dividend in year 4/(1 + Required rate of return)^4
= (10.25 + 8.25)/(1 + 12%) + (10.25 + 8.25)/(1 + 12%)^2 + (10.25 + 8.25)/(1 + 12%)^3 + (10.25 + 8.25)/(1 + 12%)^4 = $56.19
The United States president Donald trump
Answer:
The answer is A.
Explanation:
Accounts Receivable turnover is calculated as:
Total amount of credit sales ÷ Average balance of accounts receivable.
Accounts receivable turnover is used to evaluate the effectiveness and efficiency of a business or firm in collecting its accounts receivable or the money being owed.
A high turnover ratio shows that the company has good customers that are not defaulting or has a strict accounts receivable policy while a low turnover ratio shows that its debtors are not paying as expected.
Answer:
The correct answer is option b and option e.
Explanation:
In recession, the government spending was $595 billion and government revenue was $505 billion.
In recession the budget was in deficit as the spending was greater than revenue.
Budget deficit
= $595 billion - $505 billion
= $90 billion
At full employment the government spending was $555 billion and the government revenue was $550 billion.
Budget deficit
= $555 billion - $550 billion
= $5 billion
So, the government has a non–cyclically adjusted budget deficit of $90 billion and a cyclically adjusted budget deficit of $5 billion.