Answer:
$18,650
Explanation:
FIFO means first in, first out. It means its the oldest inventory that are sold first .
If the company sold 800 inventory, the 800 would be taken from the beginning inventory which is a total of 450 and the remaining 350 would be taken from the inventory produced in January.
Cost of goods sold
450×$22 = $9,900
350 ×$25= $8,750
$9,900 + $8,750 = $18,650
I hope my answer helps you
Answer:
$1.12
Explanation:
Basic earnings per share is the standard calculation of the portion of a company's income that is earned or returned on one share of its common stock.
The formula for Basic Earnings Per Share is = Net Profit - Preference Dividend / Weighted Average Number of Shares
Weighted average number of shares can be obtained by multiplying the number of outstanding shares by the portion of the reporting period those shares covered.
Therefore applying the above to the scenario we have: 2000000/ [1500000+(500000*7/12)] = 2,000,000/1,791,667 = $1.12
Answer:
B; it offers an expected excess return of 1.8%
Explanation:
Here are the options :
A; it offers an expected excess return of .2%A; it offers an expected excess return of 2.2%B; it offers an expected excess return of 1.8%B; it offers an expected return of 2.4%
to determine which stock is the better buy, we have to calculate the expected return of the stocks using CAPM
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
Stock A = 5% + 1.2(9% - 5%) = 9.8%
Stock B = 5% + 1.8(9% - 5%) = 12.20%
The next step is to determine the excess return
stated expected return - calculated expected return = excess return
Stock A's excess return = 10% - 9.8% - 0.2%
Stock B's excess return = 14 - 12.20 = 1.8%
Security B would be considered because it has a higher excess return
Answer: Organizational control
Explanation: Organizational control refers to the ongoing monitoring of performance of employees by the managers to ensure that organizational goals are met.
In the given case, Esky corporation has set standards for performance and are monitoring and evaluating the performance on that basis.
Thus, we can conclude that this is an example of Organizational control
Use the formula of the present value of an annuity ordinary.
The formula is
pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value 350
PMT monthly payment 30
R interest rate 0.18
K compounded monthly 12
N number of months?
350=30 [(1-(1+0.18/12)^(-n))÷(0.18/12)]
Solve for n
350/30=[(1-(1+0.18/12)^(-n))÷(0.18/12)]
((350/30)×(0.18/12))-1=-(1+0.18/12)^(-n)
-0.825=-(1+0.18/12)^(-n)
0.825=(1+0.18/12)^(-n)
N=−log(0.825)÷log(1+0.18÷12)
N=12.9 months round your answer to get 13 months