Answer:
COGS= $598,020
Explanation:
Giving the following information:
Kevin owns a retail store, and during the current year, he purchased $610,000 worth of inventory. Kevin's beginning inventory was $67,000, and his ending inventory is $77,200. During the year, Kevin withdrew $1,780 in inventory for his personal use.
We need to deduct the inventory used for personal use.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 67,000 + 610,000 - 77,200 - 1,780
COGS= $598,020
Answer:
a. Variable costing income from operations <u>is greater than </u>absorption costing income from operations.
b. $870,000
Explanation:
a. Under Variable costing, only the variable manufacturing costs are apportioned to the units produced.
Cost under Variable costing are;
= 114 * 14,500
= $1,653,000
Under Absorption Costing, both fixed and variable costs are apportioned to the units produced.
Cost therefore is;
= (114 + 60) * 14,500
= $2,523,000
Variable costing income from operations is greater than absorption costing income from operations because Absorption costs yields more cost.
b.= Absorption cost - Variable cost
= 2,523,000 - 1,653,000
= $870,000
<em>Variable costing income from operation will be $870,000 higher than Absorption costing income from operations.</em>
ORGANIZATIONAL psychology is a discipline interested in how relationships among employees affect those employees and the performance of a business. industrial human factors work organizational
The criterion of abnormality that is absent from the given
scenario above is personal discomfort. Personal discomfort is present when an
individual is experiencing an emotional reaction in which is caused by factors
such as stress that would lead to anxiety or discomfort.
Answer:
![Px = \frac{[(N*P) +(N*P*M1]/N}{1+ M2}](https://tex.z-dn.net/?f=Px%20%3D%20%5Cfrac%7B%5B%28N%2AP%29%20%2B%28N%2AP%2AM1%5D%2FN%7D%7B1%2B%20M2%7D)
And if we replace we have this:
![Px =\frac{[(500*41) +(500*41*0.6]/500}{1+ 0.4}](https://tex.z-dn.net/?f=%20Px%20%3D%5Cfrac%7B%5B%28500%2A41%29%20%2B%28500%2A41%2A0.6%5D%2F500%7D%7B1%2B%200.4%7D)
So then the highest the stock price can go before you receive a margin call if the maintenance margin is 40 percent is $ 46.86.
See explanation below.
Explanation:
For this case we define the following notation:
N= 500 represent the number of stocks for JAsper
P = 41 represent the stock price
M1 = 60% = 0.6 represent the initial margin
Px represent the highest stock price the variable of interest for this case
M2= 40% or 0.4 represent the mainteneance margin
We can find the value of Px with the following formula on this case:
And if we replace we have this:
So then the highest the stock price can go before you receive a margin call if the maintenance margin is 40 percent is $ 46.86.
