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Alexxandr [17]
3 years ago
7

During a reporting period, a computer manufacturing company used raw materials of $50,000, had direct labor costs of $75,000, an

d factory overhead of $30,000. other expenses were for advertising of $5,000, staff salaries of $10,000, and bad debt of $3,000. the company did not have a beginning balance in any inventory account. all goods manufactured during the period were sold during the period. what amount was the company's cost of goods sold during the reporting period
Business
1 answer:
sammy [17]3 years ago
3 0
<span>To calculate the cost of goods sold we use the following formula:
 beginning inventory + the cost of goods purchased or manufactured = cost of goods available ending inventory.
 Since there was no beginning balance in inventory account and all goods were sold we can assume that cost of goods = total costs for the period. Adding up all costs for the period comes to $173,000.</span>
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Suppose your company needs $13 million to build a new assembly line. Your target debt-equity ratio is .55. The flotation cost fo
natulia [17]

Answer:<em>True cost = \frac{cost of assembly}{1-weighted flotation cost }</em>

<em>=  \frac{13,000,000}{1- 0.049}</em>

<em>= $ 13,669,821.2</em>

Explanation:

Given :

Debt-Equity ratio = 0.55

Flotation cost for new equity = 6%

Flotation cost for debt = 3 %

∴ To compute the weighted flotation cost , we'll use the following formula:

Weighted Flotation cost =\left [ \frac{1}{1+Debt-Equity ratio}\times Flotation cost of equity \right ] + \left [ \frac{Debt-Equity ratio}{1+Debt-Equity ratio}\times Flotation cost of debt \right ]

=  \left [ \frac{1}{1+0.55}\times 0.06 \right ] + \left [ \frac{0.55}{1+0.55}\times 0.03 \right ]

= 0.0387 + 0.0106

= 0.04934 or 4.93%

The true cost of building the new assembly line after taking flotation costs into account is evaluated using the following formula :

True cost = \frac{cost of assembly}{1-weighted flotation cost }

=  \frac{13,000,000}{1- 0.049}

= $ 13,669,821.2

3 0
3 years ago
The largest owner/operator of radio stations in the United States is ____________________. In 2006, this company became a privat
valentina_108 [34]

The largest owner/operator of radio stations in the United States is iHeartMedia. In 2006, this company became a privately owned company.

<h3><u>What are radio stations?</u></h3>
  • Radio broadcasting is the process of sending audio over radio waves to radio listeners in a public setting, sometimes along with accompanying metadata.
  • Unlike satellite radio, which uses a satellite in Earth's orbit, terrestrial radio broadcasting uses a land-based radio station to transmit radio waves. The listener needs a broadcast radio receiver to hear the material.
  • A radio network with which stations frequently have affiliations provide content in a standard radio format, whether through broadcast syndication, simulcasting, or both.
  • Various types of modulation are used by radio stations during transmission: Older analog audio standards like AM and FM are used by radio stations to transmit audio, whereas modern digital radio stations use DAB and other digital audio standards.

Through its division iHeartMedia and subsidiary iHeartMedia and Entertainment, Inc., iHeartMedia, Inc. focuses on radio broadcasting, podcasting, digital, and live events. With more than 850 full-power AM and FM radio stations nationwide, it is the largest radio station owner in the nation.

Know more about radio stations with the help of the given link;

brainly.com/question/9531764

#SPJ4

8 0
10 months ago
Which of the following scenarios would be included in GDP? Pam buys a new 40-inch television at Walmart. Sandra is a waitress at
kkurt [141]

Answer:

A.  Pam buys a new 40-inch television at Walmart.

Explanation:

Gross Domestic Product is the sum monetary value of goods and services purchased in a country within a specific length of time. It can be calculated on an annual or quarterly basis. It helps economists in making decisions. The GDP has to be recorded so that it can be accounted for. The GDP is calculated based on income, expenditure, or production.

From the options given, only Pam has performed an activity that can be rightly included in GDP. This is because she purchased an item (expenditure) that would be recorded by the supermarket and eventually accounted for in the country's GDP.

3 0
3 years ago
Advertising increases levels of consumer purchase of specific brands which in turn affects gross domestic product. T/F
jeka57 [31]

Answer:

The correct answer is False.

Explanation:

Advertising really tries to increase the purchase levels of products and services, not specific brands. Therefore, this statement is false considering that although all economic transactions affect GDP (positively or negatively), the advertising function is not aligned with its duty.

8 0
2 years ago
Read 2 more answers
A stock-split journal entry would include?
spayn [35]
A stock-split journal entry would include? A memorandum notation. If a stock split happens, it is because an company's board of directors decided to increase the amount of shares outstanding. They do this by issue more shares of the company to current stock holders but at a lower price due to the increase in quantity. 
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3 years ago
Read 2 more answers
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