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expeople1 [14]
4 years ago
9

Nueva Company reported the following pretax data for its first year of operations. Net sales 7,400 Cost of goods available for s

ale 5,610 Operating expenses 1,638 Effective tax rate 40 % Ending inventories: If LIFO is elected 627 If FIFO is elected 804 What is Nueva's net income if it elects FIFO
Business
1 answer:
Ludmilka [50]4 years ago
8 0

Answer:

Net Income $574

Explanation:

Calculation of Nueva's net income if it elects FIFO will be :

Net sales$7,400

Less Cost of goods sold ($4,806)

($5,610 − $804)

Gross profit 2,594

Operating expenses (1,638)

Income before taxes 956

(2,594-1,638)

Income tax 382.4

(40%×956)

Net income $574

(956-382.4)

Therefore the Nueva's net income if it elects FIFO would be $574

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____ the benefit marketing provides by transforming raw materials into finished products, as when a dress manufacturer combines
Kamila [148]

Answer:

Form Utility

Explanation:

Form Utility represents the value of a finished product as perceived or seen by the consumer of the product. Form utility actually describes the attractiveness of a product seen by a customer. This attractiveness is as a result of a manufacturer's ability to take a raw material (which is not too useful to the consumer) and transform it to a finished and desirable product for the consumer.

A consumer percieves or sees a product more useful in its consumption or finished form rather than its raw state.

A dress manufacturer takes the silk, thread and zippers as raw materials and transform them into an attractive bridesmaid gown for the consumer, this is form utility.

3 0
4 years ago
Read 2 more answers
Loaded-Up Fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.75%. Economy Fund charges a front-end load of 2%, b
yaroslaw [1]

Answer:

Let's presume $100 to be a hypothetical investment.

The final amount of the investment will be equivalent to I [ 1-front-end load ] [ 1 + r-true expense ratio]T Loaded-Up: the 12b-1 operating expense charge will be added to the actual expense ratio: expense ratio + (12b-1 fee) = 1% + 0.75% = 1.75%.

<em>Therefore with that in mind.</em>

a. Year 1 = $100 (1 + 0.06 - 0.0175) = $104.25                                                               b. Year 3 = $100 (1 + 0.06 - 0.0175)3 = $113.30                                                                  c. Year 10 = $100 (1 + 0.06 - 0.0175)10 = $151.62

<em>Economy fund: </em>

a. Year 1 = $100 0.98 (1 + 0.06 - 0.0025) = $103.64                                                         b. Year 3 = $100 0.98 (1 + 0.06 - 0.0025)3 = $115.90                                                        c. Year 10 = $100 0.98 (1 + 0.06 - 0.0025)10 = $171.41

4 0
3 years ago
Sonya makes it a practice to consult with her staff before making major decisions that affect the department. She believes it is
grandymaker [24]
The correct option is B. Participative leaders take steps to ensure that their employees take part in making decisions that affect the company. This type of leadership is especially effective when the employees have high degree of ability and when the decisions are personally relevant to them. 
7 0
4 years ago
You have just won the Strayer Lottery jackpot of $11,000,000. You will be paid in 26 equal annual installments beginning immedia
Umnica [9.8K]
Total amount won in a lottery, P = $11,000,000
Yearly payments, C = 11,000,000/26 = $423,076.92
The payments will be done at start of every year.

With monthly compounding;

PV = C{(1-R/12)^-25*12)/R/12)+(1+R/2), where R = Interest rate = 9% = 0.09

Therefore,
PV = 423076.92*{(1-(1+0.09/12)^-12*25)/0.09/12}+(1+0.09/12) = $51,310,701.95

Therefore, the present value will be more if the amount is invested.
6 0
3 years ago
Companies that manufacture products with a very ______ product life cycle have ______ as their core competency.
Citrus2011 [14]

Answer:

short, innovation

Explanation:

Manufacturing of short product cycle have the innovation requires for competency compare to those companies that manufacture on long product cycle.

It should be noted that Companies that manufacture products with a very short product life cycle have innovation as their core competency.

4 0
3 years ago
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