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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

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The statement of cash flows for Baldwin Company shows what happens in the Cash account during the year. It can be seen as a summ
Fynjy0 [20]

Answer:

d) It is a use of cash, and will be shown in the investing section as a subtraction.

Explanation:

The plant improvements will result in cash outflow and is to be considered as an investing activity and not financing activity. It is not a source of cash. So, this option is incorrect.

There will be cash outflows when a company makes plant improvements. It is reported under the investing activity and not under financing activity. So, this option is incorrect.

There will be cash usage when their plant improvements. It is not a source of cash which does not result in cash inflows. So, this option is incorrect.

6 0
3 years ago
Little Book LTD has total assets of $860 000. There are 75
malfutka [58]

a)Little book LTD earning per share is $1.118 per share.  

Explanation:

To calculate earning per share we will use following formula:

\frac{net income}{weighted average  shares outstanding}

Now to find net income we will take help of  asset turnover ratio :\frac{net sales}{total asset}

Asset turnover ratio = \frac{x}{860000}

\begin{align}\frac{x}{$86000}\end{align}1.5 × $860000 = x

x (net sales) = $1290000

Outstanding shares = 75000 shares

So Net Income  = $1290000×.065

                          = $83850

Now Earning per share = \frac{83850}{75000}

    Earning per share = $1.118

b)  Market to Book Ratio will be 1.2 for Little Book LTD.

Explanation:

Market to Book Ratio =\frac{Market Capitalization}{Total Book Value}

Market Capitalization = $ 75000× $ 12

                                    = $900000

So, Market To Book Ratio =\frac{900000}{750000}

       Market To Book Ratio = 1.2            

5 0
3 years ago
How does a red team versus blue team exercise help an organization
Ber [7]

Answer:

By practicing simulated cyber attacks. They help in improving the security and firewall of organization thereby enhancing their resistance to cyber infiltration.

Explanation:

Organizations may often intend to evaluate and their degree of vulnerability and test their security standard, hence, they employ the use of a simulated threat pattern whereby the red team act as a threat by using several infiltration techniques usually used by actual infiltrators, the blue team on the other hand acts to repel the advances of the red team by implementing security protocols and architecture capable of neutralizing the simulated attacks of the red team. This way organizations beef up their security in other to forestall actual potential attacks against capable of invading their information and digital systems.

8 0
2 years ago
Assume that you manage a risky portfolio with an expected rate of return of 12% and a standard deviation of 39%. The T-bill rate
Shtirlitz [24]

Answer:

y = 50 %

Explanation:

As per the data given in the question,  computation are as follows:

Expected return = y × expected rate of return for portfolio + (1 - y) × rate of T-bills

By putting the value from the given data in the above formula, we get

0.09 = y×0.12 + (1 - y)×0.06

0.09 = 0.12y + 0.06 - 0.06y

0.03 = 0.06 y  

y = 0.50

= 50%

4 0
3 years ago
Which of the following statements is false? Marginal cost will equal average total cost when average total cost is at its lowest
andrew11 [14]

Answer:

Marginal cost will equal average total cost when marginal cost is at its lowest point.

Explanation:

The marginal cost curve always intersects the average total cost curve at its lowest point because the marginal cost of making the next unit of output will always affect the average total cost. As a result, so long as marginal cost is less than average total cost, average total cost will fall.

When marginal cost is below average total cost, average total cost will be falling, and when marginal cost is above average total cost, average total cost will be rising. A further m is most productively efficient at the lowest average total cost, which is also where average total cost (ATC) = marginal cost (MC).

6 0
3 years ago
Read 2 more answers
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