Answer:
The company’s inventory be reported on the balance sheet as $3,150.
Explanation:
GAAP and IFRS requires that the inventory of the company should be recorded as Lower cost and Net realizable value of the inventory.
According to given data
Available Inventory = 210 units
Cost of Inventory = 210 units x $20 = $4,200
Net realizable value is the value of the inventory which can be recovered on the immediate sale. the current market value of the inventory is $15.
So,
Net realizable value is = 2,100 units x $15 = $3,150
As the Net realizable value is lower than the cost of the inventory, $3,150 should be reported as inventory on the balance sheet.
Answer:
ROE= 6%
Explanation:
Return on equity is the measure of a business profitability as related the owner's equity. It shows how well a company is making profits on shareholder funds.
Return on investment (ROE)= Profit Margin * Capital intensity ratio * Equity multiplier
To calculate the profit margin
Profit margin= Net income/Gross Income
Profit margin= 42,800/947,100
Profit margin= 0.045
Substitute in formula for ROE
ROE= 0.045* 0.87* 1.53
ROE= 0.06= 6%
Answer:
NO
Explanation:
The Supreme Court of the United States were of the opinion that beliefs and practices of religious bodies need not be acceptable, rational, or extensive to other people for the protection from the First Amendment to cover them in terms of free exercise of religion. Whether they were right or wrong, the religious conviction of Thomas were open and honest and the conclusion of the Court to transfer him to a place where he was included in weapon manufacture, effectively placed Thomas in a situation where he had to pick one between his religion and his job. The fact that Thomas departed his company was due to the employers decision and thus he inherently deserves unemployment compensation.
Answer:
The current price of the bond is $875.09
Explanation:
The bonds are priced based on the present value of the coupon payments that will be made on the bond till maturity, treated as an annuity, and the face value of the bond. The formula for the current price of the bond is,
Present Value of bond = PMT * [ 1-(1+r)^-n / r] + Face value / (1+r)^n
Where,
r is the market interest rate or yield to maturity
n is the number of years to maturity for an annual bond
PMT is the coupon payment or interest payment per year for an annual bond
PMT = 1000 * 0.038 = 38
Present Value of bond = 38 * [ 1-(1+0.047)^-23 / 0.047] + 1000 / (1+0.047)^23
Present value of the bond = $875.094 rounded off to 875.09
