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yan [13]
2 years ago
15

Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $69,200. The company's beginning merchand

ise inventory was $15,600 and its ending merchandise inventory was $28,800. What was the total amount of the company's merchandise purchases for the month
Business
1 answer:
Leya [2.2K]2 years ago
3 0

Answer:

$82,400

Explanation:

Cost of goods sold = beginning merchandise inventory + purchases - ending merchandise inventory.

$69,200 = $15,600 + purchases - $28,800

Purchases = $82,400

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Nitella [24]
They won 21 out of their 30 basketball games.
5 0
3 years ago
Read 2 more answers
On January 1, Graves Corporation had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value o
Zina [86]

Answer:

Date        Account Titles and Explanation     Debit          Credit

June 15   Cash Dividends                              $103,500

               [(60000+9000)*$1.5]

                        Dividends payable                                     $103,500

                (Being dividend declared for 69000 shares at $1.5 each)

July 10     Dividends payable                        $103,500

                         Cash                                                          $103,500

                (Being dividend paid)

Dec 15      Cash Dividends                             $116,800

                [(60000+9000+4000)*1.6]

                          Dividends payable                                   $116,800

                (Being dividend declared for 73000 shares at $1.6 each)

6 0
2 years ago
Mulherin's stock has a beta of 1.23, its required return is 11.75%, and the risk-free rate is 2.30%. What is the required rate o
koban [17]

Answer:

a. 9.98%

Explanation:

The computation of required rate of return is shown below:-

Required return= Risk - Free rate + Beta × (Market rate- Risk-free rate)

11.75% = 2.30% + 1.23 × (Market rate - 2.3%)

(11.75% - 2.30%) ÷ 1.23 = Market rate - 2.3%

Market rate = (11.75% - 2.30%) ÷ 1.23 + 2.3%

=9.98%

Therefore for computing the required rate of return on the market we simply applied the above formula.

3 0
3 years ago
Which of the following are payments to ensure receiving the standard treatment that a business ought to receive from a foreign g
Romashka [77]

Answer:

Grease payments, Option A, are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official

Explanation:

Grease payment is like a bribe which is usually small in amount and is provided to a government official or to a businessman with the aim of expediting a business decision. It may also be used in case any shipment or any transaction needs to be expedited.  

Grease payments do not change the result of the foreign official's decision, under FCPA. If it changes the consequence, then it is considered a bribe. In that case, grease payments become illegal. It also depends on the amount given to the official and their frequency to decide if it is illegal.

7 0
2 years ago
OKRs can be executed in stages. The first stage would be keyed to a deadline and then then once the project is completed and run
DerKrebs [107]

Answer:

b) false

Explanation:

OKR is a goal-setting method used by companies. It is impleemented using following steps

  • Communicate the OKR
  • Choose a tool used for OKR
  • Organize the Company's OKR
  • Set the company's OKR
  • Set every single OKR for teams, departments and Individuals
  • Make the changes in OKR if required
  • Approve the OKR
  • Evaluate the OKR at each period end.

So, the OKR cannot be implemented in a single step and it requires multiple steps.

Hence the given statement is false.

4 0
3 years ago
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