Please help business

Hazelwood Company had beginning inventory of $54,000. During the period the company purchased $109,800 of merchandise. At the en

Ilia_Sergeevich [38]

Answer:

$207000 is the sales revenue for the year.

Explanation:

The given situation is:

Sales Revenue 100%

Cost Of Goods sold 60%

Profit Margin 40%

Now we neither have sales revenue figure nor the profit margin figures but we can calculate cost of goods sold from the following formula:

Cost Of Goods Sold = Opening Inventory + Purchases - Closing Inventory

By putting values we have:

Cost Of Goods Sold = $54,000 + $109,800 - $39,600

Cost Of Goods Sold = $124,200

Now cost of goods sold is 60% which means if we want to go at 100% we will divide with the percentage at which we are standing (60%) and multiply with the percentage which we want to calculate (Sales is 100%).

Sales revenue = Cost of goods sold * 100% / 60%

Sales revenue = $124200 * 100% / 60% = $207,000

3 0

2 years ago

Keller Construction is considering two new investments. Project E calls for the purchase of earthmoving equipment. Project H rep

anastassius [24]

Answer:

USING 0% DISCOUNT RATE

PROJECT E

Year Cashflow [email protected]% PV

$ $

0 (23,000) 1 (23,000)

1 5,000 1 5,000

2 6000 1 6,000

3 7000 1 7,000

4 10,000 1 10,000

NPV 5,000

PROJECT H

Year Cashflow [email protected]% PV

$ $

0 (25,000) 1 (23,000)

1 16,000 1 16,000

2 5,000 1 5,000

3 4,000 1 4,000

NPV 2,000

Project A should be accepted

USING 9% DISCOUNT RATE

Year Cashflow [email protected]% PV

$ $

0 (23,000) 1 (23,000)

1 5,000 0.9174 4,587

2 6000 0.8462 5,077

3 7000 0.7722 5,405

4 10,000 0.7084 7,084

NPV (847)

PROJECT H

Year Cashflow [email protected]% PV

$ $

0 (25,000) 1 (23,000)

1 16,000 0.9714 15,542

2 5,000 0.8462 4,231

3 4,000 0.7722 3,089

NPV (138)

None of the projects should be accepted because they have negative NPV

Explanation:

The question requires the computation of NPV using 0% and 9%.

The cashflows of the two projects will be discounted at 0% and 9%.

The discount factors for each project can be calculated using the formula (1+r)-n. The cashflows of the projects will be multiplied by the discount factors to obtain the present values. NPV is the difference between present values of cash inflows and initial outlay.

7 0

2 years ago

Use the cost information below for Sundar Company to determine the total manufacturing costs added during the current year:

astra-53 [7]

Answer:

cost of goods manufactured= $98,000

Explanation:

Giving the following information:

Direct materials used $19,000

Direct labor used 24,500

Factory overhead 55,100

Beginning work in process inventory 10,700

Ending work in process inventory 11,300

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 10,700 + 19,000 + 24,500 + 55,100 -11,300

cost of goods manufactured= $98,000

7 0

2 years ago

Is the general rise in prices throughout an economy.

Salsk061 [2.6K]

Answer:yes

Explanation:

4 0

1 year ago

Read 2 more answers

To increase total asset turnover, management must either increase sales or reduce total stockholders’ equity.A. TrueB. False

8090 [49]

Answer:

FALSE

Explanation:

Remember, total asset turnover is calculated using a ratio that measures how the management was able to use its assets to efficiently increase sales. Usually the total asset turnover is gotten by dividing a company's sales by its total assets.

To increase sales, management should continue to use its existing assets (not making purchase of any new asset), and at the same time reducing their purchases of inventory.

7 0

2 years ago