If we used the retail method to estimate the ending inventory first we get the given of the problem that can be used in solving.
Given
Sales - 200,000
Goods available for sale - 261,000 (cost) & 450,000 (retail)
First, we need to get the cost of retail ratio. the formula is
Cost to Retail ratio= Cost/ Retail
261,000
CRR= ------------- = 0.58
450,000
Next is to get the ending inventory by following this steps
Cost Retail
Cost of Goods Available for Sale $261,000 $450,000
- Sales $200,000
------------------
Ending Inventory $250,000
x Cost to Retail Ratio .58
------------------
Ending Inventory $145,000
So, the estimated ending inventory for the month of July is $145,000.
Answer:
Is that there is no effect on total stakeholder's equity.
Explanation:
When existing shareholders are being paid dividends as shares rather than in cash it is known as stock dividends.
Stock split can be defined as the issuance of new shares to peculiar shareholders to create multiple shares and its always in proportion to their holdings in that particular firm.
A feature common to both stock splits and stock dividends is that there is no effect on total stakeholder's equity meaning that both parameters do not reduce it.
Answer:
The tie-dyed t-shirts is 195
Explanation:
Let us assume the silk-screened shirts be X
And, the tie-dyes t-shirts would be = 5X
And, the total value equals to
silk-screened shirts + tie-dyes t-shirts
X + 5X = 234
6X = 234
X = 234 ÷ 6 = 39 shirts
So, the silk-screened shirts are 39 and, the tie-dyed t-shirts is 5 time of silk-screened shirts.
After total of the silk-screened shirts and the tie-dyed t-shirts, the total number of shirts would be same i.e 234 t-shirts.
Therefore, the tie-dyed t-shirts is 195
Answer:
A
Explanation:
the organization does not deal with environment
Answer:
applied overhead for February 9,000
Explanation:
expected overhead 101,988
estimated cost dirve 67,992
overheead rate:
Overhead rate = 1.5
Now, applied overhead:
driver usage x rate
6,000 labor hours x 1.5 per hour = $9,000
