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Marina86 [1]
3 years ago
8

A fire destroys all of the merchandise of Coronado Company on February 10, 2017. Presented below is information compiled up to t

he date of the fire:
Inventory, January 1, 2017 $423,300
Sales revenue to February 10, 2017 1,924,500
Purchases to February 10, 2017 1,140,950
Freight-in to February 10, 2017 56,790
Rate of gross profit on selling price 40%

What is the approximate inventory on February 10, 2017
Business
1 answer:
denis23 [38]3 years ago
5 0

Answer:

Value of inventory =$466,040

Explanation:

The value of goods in inventory

=Value of opening inventory + cost of purchases - cost of gold sold

Note that there is a gross profit on selling price, therefore the cost of the goods sold would be

Cost of goods sold = sales value - (40% × sales value)

                               = 1,924,500 - (40% × 1,924,500)

                                =  1,154,700.00

Value of inventory =  423,300 +  (1,140,950 + 56,790) -1,154,700.00

                                =$466,040

<em>Note that the freight-in was added as part of the cost of purchases on February 10</em>

<em />

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c

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services are something intangible that you sell

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The next dividend payment by ZYX, Inc., will be $2.95 per share. The dividends are anticipated to maintain a 4 percent growth ra
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Answer:

9.09%

Explanation:

The required return of  ZYX, Inc shall be determined using the following mentioned formula:

r=[d(1+g)/MV]+g

In the given question

r=required rate of return of ZYX, Inc=?

d(1+g)=next dividend payment to be made by the ZYX, Inc=$2.95

MV=current selling price of share=$58

g=growth rate of dividend=4%

r=required rate of return=[$2.95/$58]+4%

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6 0
3 years ago
Marcy has an 85% average in the class going into the final exam that is worth 30% of the grade. If Marcy makes a 100% on the fin
vitfil [10]

Answer:

89.5%

Explanation:

If Marcy final exams is worth 30% of the grade, then (100 - 30)% must be for others such as quizzes, assignments, and CA

Her final score therefore = ((85/100) × 70%) + 30% since she made 100% in her final exams = 59.5 % + 30% = 89.5%

6 0
3 years ago
Braam fire prevention corp. has a profit margin of 9.70 percent, total asset turnover of 1.52, and roe of 18.58 percent. what is
Novosadov [1.4K]

Braam fire prevention corp. has a profit margin of 9.70 percent, total asset turnover of 1.52, and roe of 18.58 percent. The firm's debt-equity ratio will be 0.91.

<h3>What is debt- equity ratio?</h3>

A phrase used in accounting to describe the capital structure of a company is the debt-equity ratio. This ratio is computed specifically by dividing a company's total debt by its entire equity.

<h3>monetary ratios</h3>
  • Financial ratios are measurements that analysts use to assess business performance and to compare those ratios with other companies in the same industry. They are evaluated according to the firm's financial statements.
  • The liquidity ratios, solvency ratios, profitability ratios, and market outlook ratios are the common classes into which the financial ratios can be divided. Each lesson will highlight a different aspect of the company.
  • Before performing their analysis, analysts should, however, evaluate the completeness and transparency of the provided financial statements. The financial statements could be manipulated by some internal investors for personal gain.

ROE = profit margin × asset turnover × equity multiplier

18.58% = 9.70% × 1.52 × equity multiplier

equity multiplier = 1.91

Then debt-equity ratio is calculated as:

debt-equity ratio = equity multiplier - 1

debt-equity ratio = 1.91 - 1

debt-equity ratio = 0.91

To learn more about equity ratio from given link

brainly.com/question/26354272

#SPJ4

7 0
1 year ago
A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with​ ________ had lower inflation rates than
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Answer:

The study carried out by Alberto Alesina and Lawrence Summers was about the role of Independence central banks, not about unemployment.

A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with <u>central banks that have high independence</u> had lower inflation rates than countries with <u>central banks that have low independence</u>.

William Phillips studied the correlation between unemployment and inflation rate. He concluded that <u>high inflation rate led to low unemployment</u>, and vice versa.

5 0
3 years ago
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