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Romashka-Z-Leto [24]
2 years ago
12

Coronado Company's records indicate the following information for the year:

Business
1 answer:
drek231 [11]2 years ago
5 0

Answer:

$89,000

Explanation:

The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as

Opening balance + purchases - cost of goods sold = closing balance

The gross profit is the difference between the sales and the cost of goods sold. Given that Coronado's gross profit on sales has remained constant at 30%, the gross profit

= 30% × $3,200,000

= $960,000

Cost of goods sold =  $3,200,000 - $960,000

= $2,240,000

$559000 + $ 2264000 - $2240000 = expected closing balance

expected closing balance = $583,000

Given that a physical inventory determined that ending inventory of $494000 was in the warehouse

The estimated cost of missing inventory

= $583,000 - $494,000

= $89,000

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All the following are examples of start-up costs EXCEPT
Zolol [24]

Answer:

A . payroll taxes.

Explanation:

Payroll taxes are imposed on the employers or employees of the company. In the examples of the question, the costs except for the payroll taxes are all paid by the company. Besides, payroll taxes are also not taxed on the company instead of on the employees' wages, which is funded by them. That is why all the examples are start-up costs except the payroll taxes

6 0
3 years ago
The stock in Up-Towne Movers is selling for $48.20 per share. Investors have a required return of 11.2 percent and expect the di
Keith_Richards [23]

Answer:

The dividend the company just paid is $3.53

Explanation:

The solution to the problem is given as follows.

$48.20 = D1/(.1120 − .0360)

$48.20= D1(0.076)

Making D1 the subject of formula we have.

D1 = $3.66

D0 = $3.66/(1 + .0360)

D0 = $3.53

6 0
2 years ago
Read 2 more answers
Assume that on July 1, 2021, Togo's Sandwiches issues a $2.02 million, one-year note. Interest is payable at maturity. Determine
allochka39001 [22]

Answer:

1.$80,800

2.$45,450

3.$40,400

4.$82,483

Explanation:

Interest Rate Fiscal Year-End Interest Expense

1. 8 % December 31 2020000*8%*6/12 = $80,800

2. 9 % September 30 2020000*9%*3/12 = $45,450

3. 6 % October 31 2020000*6%*4/12 = $40,400

4 7 % January 31 2020000*7%*7/12 = $82,483

5 0
3 years ago
You are a writer in the early 1900s. living in a major u.s. city, you see many unpleasant things each day: children as young as
crimeas [40]
<span>This prompt would refer to someone who would consider themselves a Muckraker. A muckraker is someone who researches and publishes scandles and corruption found in politics. This term was popularized in 1906 when used by President Theodore Roosevelt in a speech, he reference a man with a muckrake in his hand, a term from "Pilgrim's Progress" describing someone who seeks worldly gain by raking muck.</span>
8 0
3 years ago
Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $130. Limit Buy
Alenkinab [10]

Answer:

a. If a market buy order for 150 shares comes in, it will be filled at

= $128.65500 per share ($19,298.25 in total).

Explanation:

a) Data and Calculations:

                     Limit Buy Orders   Limit Sell Orders

Price Shares    $129.75400            $129.80150

Price Shares      129.70700              129.85150

Price Shares      129.65400            129.90300

Price Shares      129.60200            129.95150

Price Shares      128.65500            130.00000

The total purchase price for 150 shares = $19,298.25 ($128.65500 * 150)

b) An investor's Limit Buy Orders give the limit above which the shares cannot be exchanged for cash.  But below and at the limit amount, the shares can be bought in exchange for cash.  The investor's Limit Sell Orders give the limit below which the shares should not be sold in exchange for cash.  In other words, the shares can be sold at a price above the limit.

8 0
2 years ago
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