Answer:
The value of cost of goods sold is $2,730 as shown below
Explanation:
The sale of 120 units made on January 17 is valued at $1,080 (120*$9) taking from stock purchased last on January 1
The sale of 160 units on January 29 is valued at $1,650 (150 units*$11) taking the items purchased last on January 20
The cost of goods sold =$1,080+$1,650
Cost of goods sold=$2,730
The value of closing inventory=30*$9+10*$11
=$270+$110
=$380
Hence value of costs of good sold is $2,730 while closing inventory is valued at $380
<span>1.41
The quick ratio is the sum of assets that can be quickly liquidated divided by the liabilities. In this case, the assets are the cash of $316 and the accounts payable of $709. The inventory doesn't count since it can't be quickly converted to liquid assets. The liabilities are the accounts payable of $709. So let's do the math.
(316 + 687)/709 = 1003/709 = 1.41
So the result is 1.41</span>
Answer:
E. $40.68
Explanation:
The computation of the stock worth today is shown below:
= (Dividend in year 1 ÷ 1 + required rate of return^number of years ) + (Dividend in year 2 ÷ 1 + required rate of return^number of years) + (Dividend in year 3 ÷ 1 + required rate of return^number of years) + (Dividend in year 3 ÷ 1 + required rate of return^number of years) × (1 + growth rate) ÷ (required rate of return - growth rate)
= $1.2 ÷ 1.14 + $1.5 ÷ 1.14^2 + $2 ÷ 1.14^3 + $2 ÷ 1.14^3 × (1 + 10%) ÷ (14%-10%)
= $40.68
We simply applied the above formula
Answer:
A tax cut does not cause workers to work significantly more hours. C).
