Answer and Explanation:
The journal entries are shown below:
On the books of Flint Company
Merchandise Inventory $1,050
Accounts payable $10,50
(Being Merchandise purchased on account is recorded)
For recording this we debited the inventory as it increased the assets and credited the account payable as it is also increased the liabilities
On the books of Windsor Inc. Company
Accounts Receivable $1,050
To Sales $1,050
(Being Merchandise sold on account is recorded)
For recording this we debited the account receivable as it increased the assets and credited the sales as it also increased the sales
Cost of goods sold $660
To Merchandise inventory $660
(Being the cost of merchandise is recorded)
For recording this we debited the cost of goods sold as it increased the expenses and credited the inventory as it decreased the assets
Answer:
Book Value = $106,131,000
Explanation:
DATA
Equity = $99,131,000
Expected Net Income = $3,000,000
New stock issued = $4,000,000
Solution:
We can calculate Digby's Book value by adding Equity, Expected Net Income and New Stock issued.
Calculation:
Book Value = Equity + expected net income + Bew stock issued
Book Value = $99,131,000+ $3,000,000+$4,000,000
Book Value = $106,131,000
Answer:
Explanation:
For showing the comparative income statement, first we have to do the calculations which are shown below:
For 2020 = Pretax income using weightage average pricing - tax rate @30%
= $201,100 - $60,330
= $140,770
For 2019 = Pretax income using weightage average pricing- tax rate @30%
= $147,000 - $44,100
= $102,900
For 2018 = Pretax income using weightage average pricing - tax rate @30%
= $175,200 - $52,560
= $122,640
We ignored the computation through FIFO method
The computation of the comparative income is shown in spreadsheet. Kindly find the attachment below:
Answer:
A. the change in the value of the optimal solution.
Explanation:
- A shadow pricing is associated with each constraint of the model and is the instantaneous changes that occur in the objective model of the optimal solution that is obtained by changing the right-hand side constrained by one unit and a reduced cost is associated with each variable of the model. Also referred to as a monetary values that is assigned to the current unknowable or difficult to calculate costs.