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3 years ago

Olympus Climbers Company has the following inventory data:

Business

1 answer:

babymother [125]3 years ago

6 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

July 1: Beginning inventory - 30 units at $19

July 7: Purchases - 105 units at $20

July 22: Purchases - 15 units at $22

A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand.

First, we need to determine the number of units sold:

Units sold= total units - ending inventory in units

Units sold= 150 - 48= 102 units

<u>Under the FIFO (first-in, first-out) method, the cost of goods sold is calculated using the price of the firsts units incorporated into inventory.</u>

COGS= 30*19 + 72*20= $2,010

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Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a debt–equity ratio o

algol13

Answer:

A. $516,000

B. $696,600

Explanation:

A. Calculation to to determine the value of the Company's equity

First step is to calculate the Net income

Sales1,540,000

Less: Cost of goods sold790,000

Less: General and administrative costs525,000

Less: Interest expenses53,000

Income before corporate tax 172,000

Less: Corporate tax 40% 68,800

(40%*172,000)

Net income103,200

(172,000-68,800)

Now let determine the value of the Company's equity using this formula

Value of the Company's equity

= Net income/ cost of the firm’s levered equity

Let plug in the formula

Value of the Company's equity = $103,200/0.20

Value of the Company's equity = $516,000

Therefore The Value of the Company's equity is $516,000

B. Calculation to determine the total value of Company equity

First step is to calculate the Debt

Debt equity Ratio = 0.35

Debt/Equity = 0.35

Debt/ $516,000 = 0.35

Debt = $516,000 * 0.35

Debt =$180,600

Now let determine The Company’s value using this formula

Company’s Total value = Equity + Debt

Let plug in the formula

Company’s Total value = $516,000 + $180,600

Company’s Total value = $696,600

Therefore the total value of Company equity is $696,600

7 0

2 years ago

In the field of personal selling, persuasion:

asambeis [7]

Answer:

d. Is an acceptable strategy once a need has been identified and a suitable product has been selected.

Explanation:

A face to face selling of a product directly to business is one of the best example of personal selling e.g. cars, photocopier, office equipment etc.

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3 years ago

1 2 3 4 5 6 7 8 9 10

Anna007 [38]

Budget resolutions is the answer

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3 years ago

One of the least desirable and routine tasks members of your team must do is taking minutes (notes) at team meetings. Proof that

anyanavicka [17]

Answer:

C. Create a rotating assignment so each team member shares note taking.

Explanation:

In the case noted in the question above, there is a situation that could be unpleasant if it were decided by some type of bias.

Therefore, the most appropriate alternative for the team to address this situation would be to create a rotating assignment for each team member to share the notes. This way it would not happen that a team member is always chosen to perform a task that causes dissatisfaction in the whole team. Creating a rotating assignment to carry out the task would guarantee the uniformity of the task assignment and avoid possible dissatisfactions, inequalities and interpersonal conflicts that could arise.

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3 years ago

An ad for Hanes brand of underwear says, "Wait ’til we get our Hanes on you!" The brand is positioned as being comfortable for t

Serjik [45]

Answer:

experiential

Explanation:

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3 years ago