The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Transaction
Number of Units Per Unit Total Apr. 3 Inventory 25 $1,200 $30,000 8 Purchase 75 1,240 93,000 11 Sale 40 2,000 80,000 30 Sale 30 2,000 60,000 May 8 Purchase 60 1,260 75,600 10 Sale 50 2,000 100,000 19 Sale 20 2,000 40,000 28 Purchase 80 1,260 100,800 June 5 Sale 40 2,250 90,000 16 Sale 25 2,250 56,250 21 Purchase 35 1,264 44,240 28 Sale 44 2,250 99,000 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.
1 answer:
Answer:
Check the explanation
Explanation:
FIFO and LIFO accounting are method or techniques that are used in financial matters and inventory managing that involves the amount of money an organization has to have tied up within inventory of manufactured goods, raw materials, parts, components, or feedstock.
kindly check the attached images below for the inventory entries.
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Answer:
intrinsic value of SCI’s shares is $33.28 per share
Explanation:
given data
dividend (D₀) = $1.92 per share
constant rate (g) = 4.00% per year
required return (rs ) = 10.00%
to find out
intrinsic value of SCI’s shares
solution
we know that intrinsic value is here express as
intrinsic value = current dividend × ( 1+ growth rate ) ÷ ( required rate - growth rate ) .............................1
put here value we get
intrinsic value =
intrinsic value = 33.28
so intrinsic value of SCI’s shares is $33.28 per share
Part A:
Given that three firms make up the entire wig manufacturing industry<span>. One has a 50% market share, and the other two have a 25% market share each. The Herfindahl index of this industry is given by:
</span><span>The Herfindahl-Hirschman index (HHI) is a commonly accepted measure of market concentration. It is calculated by squaring the market share of each firm competing in a market, and then summing the resulting numbers, and can range from close to zero to 10,000.
Therefore, the Herfindahl-Hirschman Index is given by:
Part B:
Mane attraction, one of the firms with a 25% market share in the wig manufacturing industry, leaves the market. This would cause the herfindahl index for the industry to increase.
The HHI increases as firms leaves the market. As firms leaves the market the shares of the market previously held by the leaving firms are shared amongst the remaining firms in the market thereby increasing the HHI.
For instance, assumint the firm with 50% of market share acquired additional 10% of the leaving firm's market share and the other firm with 25% acquired the remaining 15%.
The new HHI is given by:
</span><span><span>
</span>
Part C:
The largest possible value of the herfindahl index is 10,000 because: an index of 10,000 corresponds to a monopoly firm with 100% market share</span>.
Given that three firms make up the entire wig manufacturing industry<span>. One has a 50% market share, and the other two have a 25% market share each. The Herfindahl index of this industry is given by:
</span><span>The Herfindahl-Hirschman index (HHI) is a commonly accepted measure of market concentration. It is calculated by squaring the market share of each firm competing in a market, and then summing the resulting numbers, and can range from close to zero to 10,000.
Therefore, the Herfindahl-Hirschman Index is given by:
Part B:
Mane attraction, one of the firms with a 25% market share in the wig manufacturing industry, leaves the market. This would cause the herfindahl index for the industry to increase.
The HHI increases as firms leaves the market. As firms leaves the market the shares of the market previously held by the leaving firms are shared amongst the remaining firms in the market thereby increasing the HHI.
For instance, assumint the firm with 50% of market share acquired additional 10% of the leaving firm's market share and the other firm with 25% acquired the remaining 15%.
The new HHI is given by:
</span><span><span>
Part C:
The largest possible value of the herfindahl index is 10,000 because: an index of 10,000 corresponds to a monopoly firm with 100% market share</span>.