In what way did the cotton gin contribute to the dramatic rise in production?

Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2013. Its inventory at that date w

Murrr4er [49]

Answer: $603,500

Explanation:

Ending inventory in 2014;

= Ending inventory balance 2013 + (( $\frac{Inventory current price 2014}{Price index 2014}$ * 100) - ending inventory 2013)) * Price index 2014/100

= 550,000 + (( $\frac{642,000}{107}* 100$ ) - 550,000)) * 107/100

= $603,500

3 0

2 years ago

The key to success for big and small businesses alike is

garri49 [273]

Answer:

acountability, kill bureaucracy before it starts - more functions, fewer departments, more “teams,” fewer committees, open lines of communication, the customer is everybody’s responsibility, never stop “re-inventing” the business.

Explanation:

8 0

3 years ago

A capital budgeting project is expected to have the following cash flows: Year Cash Flows 0 -$850,000 1 $300,000 2 $400,000 3 $5

diamong [38]

The capital budgeting project's net present value at an 18% required rate of return is <u>($4,200).</u>

<h3>What is the net present value?</h3>

The net present value represents the net discounted value of cash inflows after subtracting the present value of cash outflows.

The net present value can be determined by determining the present values of cash inflows and outflows and netting the two values.

<h3>Data and Calculations:</h3>

Required rate of return = 18%

Project period = 3 years

Year Cash Flows PV Factor Present Value

0 -$850,000 1 -$850,000 ($850,000 x 1)

1 $300,000 0.847 $254,100 ($300,000 x 0.847)

2 $400,000 0.718 $287,200 ($400,000 x 0.718)

3 $500,000 0.609 $304,500 ($500,000 x 0.609)

Net present value ($4,200)

Thus, the capital budgeting project's net present value at an 18% required rate of return is <u>($4,200)</u>.

Learn more about the net present value at brainly.com/question/13228231

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8 0

2 years ago

Last year Blease Inc had a total assets turnover of 1.33 and an equity multiplier of 1.75. Its sales were $205,000 and its net i

Whitepunk [10]

Answer:

Had it cut costs and increased its net income by this amount, The ROE would have changed 11.64%.

Explanation:

Old Net profit margin = Net income/ Revenue

= $10,600/$205,000

= 5.170731707%

Old ROE = Net profit margin*Asset turnover*Equity multiplier

= 0.0517*1.33*1.75

= 12.03487805%

New net income = $10,600 + $10,250

= $20,850

New net profit margin = $20,850/$205,000

= 10.17073171%

New ROE = 0.1017*1.33*1.75

= 23.67237805%

Change in ROE = New ROE – Old ROE

= 23.67237805% - 12.03487805%

= 11.6375%

Therefore, Had it cut costs and increased its net income by this amount, The ROE would have changed 11.64%.

6 0

3 years ago

What is the difference between a traditional savings account and an online savings account

Rudiy27

In traditional savings account, you can withdraw money whenever you need it without a financial penalty. In online savings account, link to traditional or online checking accounts and you enter your banks routing number and account number on the application. You can also transfer money between linked accounts with online savings. (hope this helps:)

6 0

3 years ago