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3 years ago

Given the following data for Vinyard Corporation:

Business

1 answer:

rosijanka [135]3 years ago

7 0

Answer:

Explanation:

D / V = 1000 / 4000

Dividing 1000 by 4000 gives 0.25 = 25%

E / V = 3000 / 4000

Dividing 3000 by 4000 gives 0.75 = 75%

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As a recently hired financial analyst, you have been asked to analyze the efficiency with which Caterpillar has been managing it

postnew [5]

Inventory Turnover - LIFO

2011 = $43,578/ (14,544+$9,587)÷2 = $43,578/$12,065.50 = 3.61

Inventory Turnover - FIFO

2010 = $43,731/(16,966+$12,162)÷2 = $43,731/$14,564 = 3.00

Inventory Turnover - LIFO

2010 = $30,367/($9,587+$6,360)÷2 = $30,367/$7,973.50 = 3.81

Inventory Turnover - FIFO

2010 = $30,814/($12,162+$9,382÷2 = $30,814/$10,772 = 2.86.

John Deere Inventory Ratio -

LIFO - 5.90

FIFO - 4.20.

Inventory refers to all the items, goods, goods, and materials that a business holds for sale in the market to make a profit. Example: If a newsagent uses a vehicle to deliver newspapers to customers, only the newspapers are considered inventory. A car is treated as an asset.

Learn more about Inventory at

brainly.com/question/24868116

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8 0

1 year ago

QS 5-12 Preparing a multi-step income statement LO P4 Save-the-Earth Co. reports the following income statement accounts for the

Rzqust [24]

Answer:

Explanation:

Multi step income statement is a more detailed way of reporting profit and loss compared to the single step as it entails the use of series of equation to arrive at the net income.

Workings

Income Statement for Save - the - Earth for the year Ended Dec. 31

Sales 28,000

Sales discount 790

sales return 290 (1080)

and allowance

Net sales 26,920

Cost of goods 9,800

Gross profit 17,120

Expenses

Selling expenses

Staff Salary 2900

Rent 1900

Advertising 580

Total Selling expenses 5380

General admin expenses

Office salary 2400

Insurance expenses 1400

Office supplies 580

Total general admin expenses 4380

Total expenses 9,760

Net income 7,360

8 0

3 years ago

The concept of markup under monopolistic competition would best be described as the attempt of firms to make their products look

Firlakuza [10]

Answer:

The correct answer is the option A: Difference between the marginal cost and the price of the monopolistic competitor.

Explanation:

To begin with, the concept known as "Markup" in the field of business and economics refers to the difference in the price and the cost of a good that is able to sale. Moreover, the "markup" is added into the total cost of the production of the good in order to obtain a profit for the sale of that good, so therefore that it implicates the percentage that the producer gains for selling his product to a consumer. So that is why this concept is understood as that difference comprehended between the sale price and the cost of the good produced.

4 0

3 years ago

Newhard Company assigns overhead cost to jobs on the basis of 114% of direct labor cost. The job cost sheet for Job 313 includes

UkoKoshka [18]

Answer:

Results are below.

Explanation:

Giving the following information:

Estimated overhead rate= 114% of direct labor cost.

Job 313:

Direct materials= $26,530

Direct labor= 10,500

Number of units= 1,400

First, we need to allocate overhead to Job 313:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 10,500*1.14= $11,970

Now, the total cost:

Total cost= 26,530 + 10,500 + 11,970

Total cost= $49,000

Finally, the unitary cost:

Unitary cost= 49,000 / 1,400

Unitary cost= $35

8 0

3 years ago

Ali buys a new pair of shoes at a shoe store. to which of the arrows does this transaction directly contribute?

prisoha [69]

Answer;

Firms --> Market For Goods and Services --> Households

Explanation;

In product markets, business firms supply and sell goods and services while households demand and buy them. Households supply and sell factors of production, such as labor, while business firms demand and buy them.

In a market economy households provide resources and labor and purchase goods and services while firms provide goods and services and purchase resources and labor. The goal of firms in a market economy is to maximize their profits. This can best be achieved by minimizing costs in the resource market and maximizing revenues in the product market.

6 0

3 years ago