Answer:
The cash payments made to suppliers were $1,280,000
Explanation:
Cash Payment made to the supplier can be calculated using the following formula
Cash Payment made to suppliers = Cost of Goods Sold + Increase in Inventory - Increase in account payable
By Placing values in the formula
Cash Payment made to suppliers = $1,200,000 + $120,000 - $40,000
ash Payment made to suppliers = $1,280,000
Answer:
A. Bill chooses to pursue a risky investment for the company's funds because his compensation will substantially rise if it succeeds.
Explanation:
An agency conflict problem usually arises when the agent (managers) do not act in the best interest of his principals (e.g. shareholders) usually because of selfish interests of the agent (manager).
I hope my answer helps you
Answer:
The company’s overall net operating income would be $52,140
Explanation:
If the all divisions of the company are operates at break even level the overall net operating income of the company would be zero . because at break even level the sales value is equals to total variable cost plus total fixed cost if the company incurring any addition fixed cost then the over all net operating income will show loss of additional fixed incurred. The answer for the given question is the overall net operating income of the company would be ($52,140).
Answer:
Fifo Ending Inventory = $ 690
Explanation:
The first in first out method implies that only the units at the end are left out in the ending inventory.
Fifo Ending Inventory = $ 690
10 units from third purchase at $ 35= $ 350
10 units from second purchase at $ 34= $ 340
Total 20 units FIFo method = $ 690
Working
Total Cost
Beginning inventory 10 units at $30 $ 300
First purchase 25 units at $32 $ 800
Second purchase 30 units at $34 $ 1020
Third purchase 10 units at $35 $ 350
