Answer:
$40,970
Explanation:
The computation of the total cost of the material K is given below;
Material needed for August sales:
= 14,000 × 3
= 42,000
Desired ending inventory:
= 14,500 × 3 × 20%
= 8,700
Beginning inventory:
= 2,500
Now
Purchases in August:
= (42,000 + 8,700 - 2,500) × $0.85
= $40,970
Answer:
a bonus to Niki for financial maneuvers.
Explanation:
Financial Managers must know how to interpret a company's financial statements to effectively allocate the firm's financial resources and generate the best return possible for the company in the long run.
<h3>Financial Managers</h3>
They analyze the company's finances and report on the finding to their senior managers to maximize profits. Their role mainly includes:
- Prepare financial reports
- Review financial information
- Analyze market position for growth purposes
As with enhancement in technology, financial manager's role is mainly shifted from preparations of reports to analysis and determine the best possible ways for companies to expand.
<h3>Multiple Selections</h3>
Keeping in view the above points mentioned, the financial managers cannot recruit suitable candidates not setting the price of the company's product is their duty. Therefore, these points are invalid.
However, their roles do include allocating the firm's financial resources and generating the best returns for the company to grow in the long run.
Learn more on Financial Managers here: brainly.com/question/1305901
The Last-In, First-Out (LIFO) inventory costing method assumes that items in ending inventory are the most recently acquired.
<h3>What is LIFO and FIFO methods of inventory?</h3>
LIFO refers to the Last In, First Out. LIFO is a method that assumes that the last unit that has been added in the inventory or more recently, will be sold first.
FIFO stands for First In, First Out. FIFO method assumes that the oldest unit of inventory that has been added first, would be sold first.
Basically, FIFO and LIFO accounting are the inventory costing methods used in managing inventory.
Learn more about LIFO and FIFO here:-
brainly.com/question/17236535
#SPJ4
Answer:
B.
Current Ratio 3.86
Quick Ratio 1.48
NWC to total assets ratio 0.458
C. Debt to asset 0.452
Debt to equity 1.18
Interest Coverage 6 times
D. Net profit margin 5.8%
sales to total asset 2.48 times
return on assets 14.5%
E. Equity multiplier 2.18 times
Explanation:
<u>A.</u>
<u>Income Statement :</u>
Sales $325,000
Operating costs $285,000
Gross profit $40,000
Less Expense :
depreciation $10,000
Earning before Interest and Tax $30,000
Interest Expense $5,000
Earning after Tax $25,000
Tax expense $6,000
Net Income $19,000
<u>Balance Sheet:</u>
Assets:
Cash $1,000
Receivables $30,000
Inventories $50,000
Current Assets $81,000
Fixed Assets $50,000
Total Assets $131,000
Equity:
Stockholder's Equity $60,000
Liabilities:
Payables $11,000
Accruals $10,000
Current Liabilities $21,000
Long term Loan $50,000
Total equity and liabilities $131,000
