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Goryan [66]
3 years ago
12

Herc Co.’s inventory at December 31, Year 1, was $1.5 million based on a physical count priced at cost, and before any necessary

adjustment for the following: Merchandise costing $90,000 was shipped FOB shipping point from a vendor on December 30, Year 1, and was received and recorded on January 5, Year 2. Goods in the shipping area were excluded from inventory although shipment was not made until January 4, Year 2. The goods, billed to the customer FOB shipping point on December 30, Year 1, had a cost of $120,000. What amount should Herc report as inventory in its December 31, Year 1, balance sheet?a. $1,500,000
b. $1,590,000
c. $1,620,000
d. $1,710,000
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
7 0

Answer:

D) $1,710,000

Explanation:

Before adjustments, the inventory balance was $1,500,000; you must add merchandise purchased FOB shipping point (title passes at the moment merchandise is shipped) and the merchandise that was located in the shipping area:

adjusted final inventory = $1,500,000 + $90,000 + $120,000 = $1,710,000

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The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking u
Crank

Answer:

-$414,444.44

Explanation:

The computation of the net present value is shown below:

Net present value = Initial investment + net cash flows ÷ (required rate of return - projected growth rate)

= -$1,570,000 + $104,000 ÷ (12% - 3%)

= -$1,570,000 + $1,155,555.56

= -$414,444.44

Hence, the net present value is -$414,444.44

Since the net present value comes in negative so the project is rejected

         

8 0
3 years ago
Low unemployment rates are often: A. an indicator that finding a job is extremely difficult. B. associated with an ability to fi
lakkis [162]

Answer:

The correct answer is letter "B": associated with an ability to find a job with relative ease.

Explanation:

Unemployment is the state in which an individual who is able and willing to join the workforce cannot find a job even if that individual is constantly looking for opportunities.  

<em>High unemployment rates are typically seen during recessions while the unemployment of a country tends to be low during economic growth. In the last scenario, mainly private investment helps to find a job to be relatively easy.</em>

7 0
3 years ago
Suppose the U.S. yield curve is flat at 4% and the euro yield curve is flat at 3%. The current exchange rate is $1.50 per euro.
lianna [129]

Answer:

$4.24287 million per year

Explanation:

Missing question:  The swap will call for the exchange of 1 million euros for a given number of dollars in each year.

For structured three separate forward contracts of the exchange of currencies, the forward price could be found as follows

Forward exchange rate * $1 million error = Dollar to be received

Year 1 = 1.50*(1.04/1.03) * 1 million euros

Year 1 =  1.514563106796117 * 1 million euros

Year 1 =    $1.5145 million

Year 2 = 1.50*(1.04/1.03)^2 * 1 million euros

Year 2 = 1.529267602978604 * 1 million euros

Year 2 = $1.5293 million

Year 3 = 1.50*(1.04/1.03)^3 * 1 million euros

Year 3 = $1.5441 million

The number of dollars each year is determined by computing the present value:

= 1.5145 / 1.04 + 1.5293 /(1.04)^2 +1.5441 / (1.04)^3

= 1.45625 + 1.41392 + 1.3727

= $4.24287 million per year

3 0
3 years ago
Assume that Leyia and Larry could be persuaded not to begin a family for another five years. What specific budgeting recommendat
xxMikexx [17]

Answer:

The budgeting recommendations will be cutting the expenses on feeding, groceries and every other expenses, in other to save over the next five years. This will prepare Leyia and Larry beforehand to begin a family and also, mitigate hosterity effects of their variable expenses financially for an anticipated $2,400 loss of income for 18 months as well as the expenses for the new baby.

Explanation:

Beginning a family can be a tough task for low income earners. Leyia and Larry will need to wait for five years and cut their expenses( Every expenses) over this waiting period of five years. By so doing, they will have saved enough money to carter for the expenses of new baby.

Also, a $2,400 loss of income, in 18 months is anticipated. Cutting of expenses over the period of five years will reduce the financial hardship effects on the family which Leyia and Larry will begin, after the stipulated five years.

7 0
3 years ago
McConnell Corporation has bonds on the market with 12.5 years to maturity, a YTM of 7.3 percent, a par value of $1,000, and a cu
Alex777 [14]

Answer:

Coupon rate will be 3.08%

8 0
3 years ago
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