Answer:
Can u tell us for what tho?
Explanation:
The result of this system is that THE LOW COUNTRY BECOME MORE PROSPEROUS THAN THE UP COUNTRY.
The low country was able to plant more crops because of the system that they were using and the money gotten from these produce make them more wealthier than their counterparts in the up country.<span />
Answer:
Closing Inventory : $ 1,000
Cost of Goods Sold: $ 3,200
Explanation:
The inventory balance as at February 28 is 50 units. This is calculated by adding the total purchases of 100 on February 01 and 100 on February 9 reduced by the sales of 50 units on February 4 and 100 units on Feb 27.
In a LIFO costing method, the last purchased inventory is costed first hence the term Last In First Out (LIFO). The inventory balance of 50 units shall be valued from the first purchase @ $ 20. Thus the inventory value is $ 1000. ( $ 20 x 50 units)
For the cost of goods sold of the units sold aggregating to 150 units, the last purchased units will be considered first and then the remaining shall be considered from the first purchase.
Computation of cost of goods sold
100 units @ $ 22 $ 2,200
50 units @$ 20 $ 1,000
Total Cost of goods sold for 150 sold units $ 3,200
Answer:
$44,083.72
Explanation:
Given:
Debt ratio = 57%
Asset turnover = 1.12
Profit margin = 4.9%
Total equity = $511,640
Find the total debt:
Debt = debt ratio × total equity
= 0.57 * 511640
Debt = $291,634.80
Find the total assets:
Total assets = Total debt + Total equity = $291,634.80 + $511,640
Total assets = $803,274.80
Find total turnover:
Turnover = Total assets * Total asset turnover ratio
= $803,274.80 * 1.12
= $899,667.78
Now find the amout of net income:
Net Income = Turnover * Profit margin
Net Income = $899,667.78 * 4.9%
= $44,083.72
The amount of net income is $44,083.72
Answer:
d. Both the longer term and the higher risk would tend to make the interest rate higher on the bond issued by Knight.
Explanation:
Both the longer term and the higher risk would tend to make the interest rate higher on the bond issued by Knight because this bond is risky and uncertain.
This means the company would not want to run at a loss