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3 years ago

Blossom Company has the following inventory data:

Business

1 answer:

Debora [2.8K]3 years ago

8 0

Answer:

Ending inventory= $916.2

Explanation:

Giving the following information:

Nov. 1 Inventory: 35 units $7.10 each

Nov. 8 Purchase: 142 units $7.60 each

Nov. 17 Purchase: 71 units $7.45 each

Nov. 25 Purchase: 106 units $7.80 each

Nov. 30 ending inventory: 118 units on hand. FIFO (first-in, first-out)

Ending inventory= 106*7.8+12*7.45= $916.2

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1 . Perpetuities Perpetuities are also called annuities with an extended or unlimited life. Based on your understanding of perpe

Dmitrij [34]

Answer:

(A) A perpetuity is a stream of regularly timed, equal cash flows that continues forever

(B) The value of a perpetuity is equal to the sum of the present value of its expected future cash flows

the bank offers 1.6%

in the alternative scenario it offers 1.067%

Explanation:

(A) A perpetuity is a stream of regularly timed, equal cash flows that continues forever

The perpetuity is an annuity in which time tends to infinity, to be qualified as an annuity the cash payment must be regular.

(B) The value of a perpetuity is equal to the sum of the present value of its expected future cash flows

As state above the perpetuinty is an annuity, the annuities return the present value of the expcted future cash flow.

Given the annuity formula

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

if times tends to infinity then the expression:

$\lim_{n \to \infty} (1+r)^{-n} = 1$

Nexti n the annuity formula we got:

$C \times \frac{1-1 }{rate}= PV\\$

So we end up with C / rate = PV

which s the perpetuity formula

800/50000 = 0.016 = 1.6%

800/75000 = 0.0106667 = 1.067%

7 0

3 years ago

Dejarnette Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hour

seropon [69]

Answer:

Predetermined manufacturing overhead rate= $8.3 per machine hour

Explanation:

Giving the following information:

Total machine-hours 80,000

Total fixed manufacturing overhead cost $416,000

Variable manufacturing overhead per machine-hour $ 3.10

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (416,000/80,000) + 3.1

Predetermined manufacturing overhead rate= $8.3 per machine hour

8 0

4 years ago

Dave Ryan is the CEO of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $632,000 an

o-na [289]

Answer:

a) Stockholders' equity = $411,690

b) Stockholders' equity = $477,930

Explanation:

Accounting equation is defined as Assets = Liabilities + Equity.

a) If t the end of its accounting period, December 31, Ryan's Arcade has assets of $632,000 and liabilities of $220,310, the Stockholders' equity as of December 31 of the current year would be determined as follows:

$632,000 = $220,310 + Equity

Stockholders' equity = $632,000 - $220,310

Stockholders' equity = $411,690

b) If assets increased by $84,040 and liabilities increased by $17,800 during the next year, then Stockholders' equity would be determined as follows:

$632,000 + $84,040 = $220,310 + $17,800 + Equity

$716,040 = $238,110 + Equity

Stockholders' equity = $477,930

8 0

3 years ago

According to the _____________ of Alderfer’s ERG theory, an already-satisfied lower-level need can become reactivated when a hig

BaLLatris [955]

Answer:

regression theory

Explanation:

According to the regression theory of Alderfer’s ERG theory, an already-satisfied lower-level need can become reactivated when a higher-level need cannot be satisfied.

Alderfer proposed a regression theory to go along with the ERG theory, where he propounded that when needs in a higher category are not met then individuals redouble the efforts invested in a lower category need.

For example if self-actualization or self-esteem needs in the Maslow's hierarchy of needs are not met then individuals will invest more effort in the physiological and safety category in the hopes of achieving the higher need.

4 0

3 years ago

On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it

zvonat [6]

Answer:

See explanation section

Explanation:

To record the journal entry to write off the uncollectible account according to the direct write-off method, we have to use bad dad expanse instead of an allowance account.

December 31 Bad Debt Expense Debit $1,200

Account receivable - Acme, Inc. Credit $1,200

Note: As the company did not get the money from the Acme, Inc., They treated the expense as irrecoverable.

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3 years ago