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enot [183]
3 years ago
11

) Using the following information, what is the amount of cost of merchandise sold?

Business
1 answer:
Orlov [11]3 years ago
5 0

Answer:

C. 30,210

Explanation:

Cost of merchandise sold = cost of merchandise purchase - cost of merchandise left in inventory

= Purchases  of $32,000 - Purchases discounts  of $960 - Purchases returns and allowances  of $1,200 + Freight In  of $1,040

- ( Merchandise inventory  at  September 30  of $6,370 - Merchandise inventory September 1  of $5,700)

= 32,000- 960- 1,200+1,040 - 670 = 30,210

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Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75%
Kitty [74]

Answer:

The answer is option e. $44.46

Explanation:

The stock's  expected price after 5 years can be expressed as;

FV=CV(1+RRR)^n

where;

FV=future value of stock/expected price after 5 years

CV=current price of stock

DGR=dividend growth rate

n=number of years

In our case;

FV=unknown

CV=$35.25 per share

DGW=4.75%=4.75/100=0.0475

n=5 years

replacing;

FV=35.25(1+0.0475)^5

FV=35.25(1.0475)^5

FV=44.46

5 0
3 years ago
Normally, most organizational objectives can be summarized as:
Marat540 [252]
<span>Survival: Keep up with its motto and staying in business without going into bankruptcy, in short surviving the highs and lows of the business terrain, growth: adding value to what's already been achieved and expanding. profits: most share holders only want to hear about profit and not losses so they need to be able to make money , and environmental: they need to make sure that they are in compliance with the obtainable environmental laws and they are contributing positively to it.</span>
8 0
3 years ago
The purpose of a theory, in general, is to ________________________________. Select the correct answer below: determine the leve
Sergeeva-Olga [200]

Answer:

take a complex, real-world issue and simplify it down to its essentials.

Explanation:

A theory can be defined as a simplified but abstract representation that gives a detailed relationship about the interaction between two or more variables.

Generally, the main purpose of a theory is to take a complex, real-world issue and simplify it down to its essentials. Thus, in economics, a theory gives a detailed explanation and an understanding of issues such as inflation, recession, taxation, etc and any problem associated with them.

In order to test theories, economists usually make use of economical models such as the production possibility frontier (PPF), Mundell-Fleming model, Classical model, Keynesian IS/LM model, Solow growth model, etc.

6 0
3 years ago
Assume you are now 25 and you want to have a million dollars by the time you are 65. if you can earn 6% per year, compounded ann
Trava [24]
You would have to invest 97,222
97222*6=5833.32 + 97222= 103055.32 Year one
103055.32*.06= 6183.32 = 109238.64 Year two
109238.64*.06= 6554.32= 115792.96 Year three
115792.96*.06= 6947.58 = 122740.54 Year four

3 0
3 years ago
Advantage of
Allushta [10]
Market penetration- quick diffusion and adoption of your product in the marketplace, incentives to be efficient, discouragement of competition and creation of goodwill

proud to development- keeping pace, seizing opportunities, providing opportunities and being newsworthy

market development- gaining new customers, increased revenue and company growth

diversification- minimizing risk of loss, preserving capital and generating returns
3 0
3 years ago
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