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Mariana [72]
3 years ago
13

Kushman Combines, Inc. has $20,000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inven

tory was $10,000 and cost of goods sold was $50,000, how much would Kushman report for cost of goods manufactured? a) $60,000 b) $40,000 c) $10,000 d) $70,000
Business
1 answer:
Dominik [7]3 years ago
4 0

Answer:

I would say A or b

Explanation:

if it cost them 10,000

and they sold for 50,000 they would need to reinventory. but first count max out cost and spendings for goods hope this helps

You might be interested in
Ratio analysis A company reports accounting data in its financial statements. This data is used for financial analyses that prov
ICE Princess25 [194]

Answer: 1. a. Liquidity Ratios

b. Activity Ratios

c. Financial Ratios

d. Profitability Ratios

e. Market Value Ratios

2. A. Seasonal factors can distort data

B. Window dressing might be in effect.

Explanation:

a. Liquidity Ratios give the company an idea of it's ability to access hard currency. Examples include the Current ratio and the Quick ratio.

b. Activity Ratios allows stakeholders know how efficient the company is at running daily operations. Examples include; Receivables Turnover and Asset Turnover ratios.

c. Financial Ratios are very important to the company as they can decide if a company will be able to get loans. They include ratios that measure the firm's ability to pay off debt as well as the overall condition of the firm in terms of it's finances.

Examples include; Net Profit Margin and Debt to Asset ratio.

d. Profitability Ratios

These help ascertain the ability of the business to make returns based on its resources. Examples include Return on Assets and Return on Equity.

e. Market Value Ratio

These essentially help the company and other stake holders know what the company is worth in the market. An example is the Book Value per Share ratio.

2. Seasonal Factors may indeed distort data depending on the type of industry that the firm is into and ratios will usually not show this. For instance, an Ice Cream company will not have strong sales in winter so when interpreting ratio analysis it would be important to note that this could happen.

Another weakness is that ratios are calculated based on the figures that are given by a company. These figures may not truly reflect the actual situation of the company when management supply more optimistic figures than is true. This is called Window Dressing.

It will have the effect of distorting the ratios so that they do not represent a true representation of the actual situation of the company.

6 0
3 years ago
Wear Ever is expanding and needs $6.8 million to help fund this growth. The company estimates it can sell new shares of stock fo
kakasveta [241]

Answer: 179,811 shares

Explanation:

Given that,

Price of each share = $43

Amount needed for expansion = $6.8 million

Cost incurred for  filing and legal fees = $352000

Underwriters have agreed to a spread of 7.5 percent

Now,

Net price after the underwriter spread = $43 × ( 1 - 7.5%)

= $39.775

Total capital needed = Fund needed for growth + Legal and filing fees

= $6,800,000 + $352,000

= $7,152,000

Number of shares sold = \frac{7152000}{39.775}

= 179,811 shares

5 0
3 years ago
Teri, Doug, and Brian are partners with capital balances of $20,000, $30,000, and $50,000, respectively. They share income and l
mixer [17]

Answer:

$20,000

Explanation:

For computing the Doug withdrawal amount, first, we have to compute the net income or net loss which is shown below:

Net income/loss = Revenue - expense

                           = $350,000 - $380,000

                            = -$30,000

Now Doug share in net loss = Net loss × (his share ÷ total share)

                                               =  - $30,000 × (2 ÷ 6)

                                               =  - $10,000

We knew that the Doug capital is $30,000 and his share in loss is $10,000

So, its withdrawal amount = $30,000 - $10,000 = $20,000

                   

7 0
3 years ago
An interaction between the case manager and the client that consists of specific questions asked in a designated order is
Brut [27]
Structured clinical interview. But I could be wrong
3 0
3 years ago
If Congress increased the tax rate on interest income, investment a. and saving would increase. b. would increase and saving wou
vagabundo [1.1K]

Answer:

The correct answer is letter "D": and saving would decrease.

Explanation:

Increases in interest rates are not beneficial for economic growth. <em>By paying more taxes companies' revenues are reduced discouraging entrepreneurs to go on new ventures</em>. Besides, entities would be pushed to take measures such as lay-offs to compensate part of the losses due to paying more taxes. <em>If unemployment increases the household savings tend to decrease.</em>

6 0
3 years ago
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