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AlladinOne [14]
3 years ago
12

Crane Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information

for the month of May.
Inventory, May 1 $ 162,000
Purchases (gross) 637,500
Freight-in 28,600
Sales revenue 1,031,100
Sales returns 69,600
Purchase discounts 11,500
(a) Compute the estimated inventory at May 31, assuming that the gross profit is 30% of sales.
(b) Compute the estimated inventory at May 31, assuming that the gross profit is 30% of cost.
Business
1 answer:
MakcuM [25]3 years ago
4 0

Answer:

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Explanation:

hello exd drxrxrcrcrcrcrcrcggggg

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Consider the portfolio choice theory of money demand. how do you think the demand for money will be affected during a hyperinfla
AleksAgata [21]

Answer:

The demand for money decreases sharply.

Explanation:

The portfolio choice and Keynes's theory of demand for money both proposes that as the returns expected on money falls, its demand also falls. When there is an increase in interest rate, it leads to a decrease in the expectation placed on returns on money thus leading to a decrease in demand for money.

6 0
4 years ago
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Sally has been working really hard lately and asks her manager for a raise. Her manager tells her that she is already the highes
alukav5142 [94]

Answer:

C. hacking

Explanation:

Hacking is a term used to describe an unauthorized access to a computer data base for illegal purposes. It also means breaking into an organization's security data system either to corrupt data, steal information or disrupt certain activities.

Most hackers demand for monetary returns or cause collateral damage having gained unathourized access into an organization's data base.

There are several ways of hacking which includes;

Phising scam: An attempt to have access into a computer by making a user open an attachment or provide confidential information.

Malware attack: is a type of hacking attack which after being carried out, cripple activities of an entire organization including its business associate, government parastatals, customers etc in exchange for money.

Code break: This is where a secret software is installed to allow users hit a company' s data base through strings.

Organizations are beginning to expend money on their security systems by constantly updating them against any internal and external attack.

3 0
3 years ago
Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are $110 million and it has total a
mafiozo [28]

Answer:

ROE is 0.1571 or 15.71%

Explanation:

The ROE or return on equity is a measure of a business's profitability in relation to its equity. The Dupont equation breaks down the ROE into three components which are used to calculate the ROE. The formula fro ROE under dupont equation analysis is,

ROE = Net Profit/Sales  *  Sales/Total Assets  *  Total Assets/Total Equity

  • The part of Net Profit/Sales is also known as profit margin.
  • The part of Sales/Total Assets  is also known as Assets Turnover
  • The part of Total Assets/Total equity is also known as equity multiplier

ROE = 0.03  *  110/42  *  2

ROE = 0.1571428571 rounded off to 0.1571

8 0
3 years ago
Aggregate demand is everything produced while simple demand is one good. which statement reflects aggregate demand?
tester [92]

Answer:

C. calculating the total output for Portugal

Explanation:

  • Aggregate demand can be thought as the total amount of products that are demanded by individuals in an economy, in a certain period of time.
  • It is a way of measuring the total output of goods demanded in a territory, periodically.
  • Because in equilibria, aggregate demand must equal aggregate supply, thinking about total output (produced and demanded) is correct.
  • Because <u>it has to do with all the goods that are demanded,</u> options A and B are not suitable.
4 0
4 years ago
On January 1, 2020, Rainbow Company paid cash to purchase an automobile. The car dealer gave Rainbow a $3,000 cash discount off
zaharov [31]

Answer:

Rainbow Company

The percentage depreciation Rainbow will use is:

= 40%

Explanation:

a) Data and Calculations:

Purchase (list) price =   $31,000

Cash discounts =            (3,000)

Additional interior cost   5,000

Net purchase price = $33,000

Salvage value =             (5,000)

Depreciable amount = 28,000

Estimated useful life = 5 years

Double-declining-balance method of depreciation:

Depreciation rate = 100/5 * 2 = 40%

Estimated usage for the car = 140,000 miles

Annual usage:

Year 1 = 20,000

Year 2 = 30,000

Year 3 = 40,000

Year 4 = 30,000

Year 5 = 20,000

January 1, 2026 sales proceeds = $6,000

3 0
3 years ago
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