Answer and Explanation:
The computation of the lower of cost or market for ending inventory is given below:
Product Units Cost per Unit Market per Unit Total cost T.market Lower
Helmets 24 $50 $ 54 $1,200 $1,296 $1,200
Bats 17 78 72 $1,326 $1,244 $1,244
Shoes 38 95 91 $3,610 $3,458 $3,458
Uniforms 42 36 36 $1,512 $1,512 $1,512
Answer:
$22.81
Explanation:
We can easily calculate share price for BeeGood company just by multiplying the current earnings per share with an average P/E ration of competitors
P/E = Price earning ratio
EPS = Earning per share
Formula: Share price = PE x EPS
Share price = x $1.74
Share price = $22.81
Answer:
2 years
Explanation:
Payback period is the length of time it takes for the future cash flows to equal the initial investment.
$224,000 = $112,000 + $112,000
therefore,
It takes 2 years for the cashflows to equal initial investment
Answer:
$1,650.
Note: The correct asnwer is $1,650 based on the information provided in the question but it is not included in the option. Kindly confirm this from your teacher.
Explanation:
Stockholders' Equity at January 1, 2020 can be obtained using the accounting equation stated as follows:
Assets = Stockholders' Equity + Liabilities
Since on January 1, 2020, we have:
Assets = $4,220
Stockholders' Equity = ?
Liabilities = $2,570
Substituting the values into the accounting equation above, we have:
$4,220 = Stockholders' Equity + $2,570
Rearranging, we have:
Stockholders' Equity = $4,220 - $2,570 = $1,650
Therefore, Stockholders' Equity at January 1, 2020 is $1,650.
Answer:
C) $77,090
Explanation:
June 69000 (40% in July, 50% in AUgust)
July 80000 (40% in August, 50% in Sepetember)
August 77500 (40% in September, 50% in October)
September 77900 (40% in October)
October 71800 (10% in October)
Total budgeted cash payments in October = 71,800 x 10% + 77,900 x 40% + 77,500 x 50% = 77,090