Answer:
Cost of goods sold= $133
Explanation:
Giving the following information:
A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory.
Cost of goods sold= 7*14 + 5*7= $133
Answer:
D
Explanation:
Direct finance is when a company or individual borrows money directly from the financial market without the aid of a financial intermediary.
Examples include :
- issuing bonds
- issuing shares
Indirect finance is when a company or individual borrows money through a financial intermediary. for example, borrowing from a bank
Answer:
False
Explanation:
They were struggling with money so they couldn't spend very much.
Answer:
a. Accumulated Depreciation is used to reveal the value of the related asset on the date of the balance sheet.
Explanation:
"Accumulated depreciation is the total amount an asset has been depreciated up until a single point. Each period, the depreciation expense recorded in that period is added to the beginning accumulated depreciation balance. An asset's carrying value on the balance sheet is the difference between its historical cost and accumulated depreciation. At the end of an asset's useful life, its carrying value on the balance sheet will match its salvage value."
Reference: Tuovila, Alicia. “Accumulated Depreciation Definition.” Investopedia, Investopedia, 18 Oct. 2019
Answer:
$20.64
Explanation:
Use the rate of return formula to solve for the new price;
r = ( P1 +Div1 -P0)/P0
whereby;
r = rate of return = 10.8% or 0.108 as a decimal
Div1 = Next year's dividend amount = $0.51
P1 = next year's stock price =?
P0 = Current stock price = $19.09
Next, plug in the numbers to the formula;
0.108 = (P1 + 0.51 - 19.09) / 19.09
Multiply both sides by 19.09;
2.0617 = P1 -18.58
Add 18.58 on both sides;
2.0617 + 18.58 = P1
20.64 = P1
Therefore, you need to sell the share at $20.64
