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3 years ago

The following units of a particular item were available for sale during the calendar year:

Business

1 answer:

nalin [4]3 years ago

4 0

Answer:

The cost of goods sold for eachs ale and the inventory balance after each sale, assuming the LIFO (last-in, first-out) method:

Cost of goods sold Ending Inventory

Apr. 19 Sale $100,000 $60,000

Sept. 2 Sale $218,000 $40,000

Explanation:

a) Data and Calculations:

Date Description Units Unit Cost Total Balance

Jan. 1 Inventory 4,000 $40 $160,000

Apr. 19 Sale (2,500) (100,000) $60,000

June 30 Purchase 4,500 $44 198,000 258,000

Sept. 2 Sale (5,000) (218,000) 40,000

Nov. 15 Purchase 2,000 $46 92,000 132,000

Cost of goods sold: Ending Inventory

April 19: = 2,500 * $40 = $100,000 = 1,500 * $40 = $60,000

Sept 2: = 4,500 * $44 + 500 * $40 = 1,000 * $40 = $40,000

= $198,000 + $20,000

= $218,000

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The manager for a growing firm is considering the launch of a new product. If the product goes directly to market, there is a 40

julia-pushkina [17]

Answer:

1. Calculate the NPV for each option available for the project. (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, e.g. 1,234,567.)

go to market now = $744,000
focus group = $852,000
consulting firm = $916,000

2. Which action should the firm undertake?

A. Consulting firm

The NPV is higher than the rst of the options.

Explanation:

expected payoffs:

option 1 (go to market now) = (40% x $1.86 million) + 0 = $744,000
option 2 (focus group) = (55% x $1.86 million) + 0 = $1,023,000
option 3 (consulting firm) = (70% x $1.86 million) + 0 = $1,302,000

expected NPVs:

option 1 (go to market now) = $744,000
option 2 (focus group) = $1,023,000 - $171,000 = $852,000
option 3 (consulting firm) = $1,302,000 - $386,000 = $916,000

go to market now

5 0

3 years ago

When happens when demand exceeds supply?

ElenaW [278]

A shortage occurs when demand exceeds supply – in other words, when the price is too low. However, shortages tend to drive up the price, because consumers compete to purchase the product. As a result, businesses may hold back supply to stimulate demand.

4 0

3 years ago

Alaska Mining Co. acquired mineral rights for $67,500,000. The mineral deposit is estimated at 30,000,000 tons. During the curre

Vladimir79 [104]

Answer:

a. Depletion rate = $2.25

b. Account Debit($) Credit($)

Depletion expense 9,000,000

Accumulated depletion expense 9,000,000

<u>Being depletion expense for the year.</u>

Explanation:

Depletion expense refers to the loss in value of a long term asset due to reduction in producing capacity of the asset. The depletion is recognized as an expense in the income statement of the relevant year.

To determine depletion expense, depletion rate is needed which can be derived by dividing the total value of the asset net of its residual value (if any) by the total producing capacity of the asset.After this, the depletion rate is used to multiply the production units of the current year.

Here is the formula for depletion rate:

a. Depletion rate = Total value of the asset - residual value

Total production capacity

Here is the formula for depletion expense

b. Depletion expense = Depletion rate x current year production units

a. Depletion rate = $67,500,000

30,000,000

Depletion rate = $2.25

b. Depletion expense = $2.25 x 4,000,000

= $9,000,000

Note: Accumulated depletion expense account is the corresponding account for depletion expense account.

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2 years ago

You win the lottery and must decide how to take the payout. Use a 10% discount rate. What is the present value of $ 12 comma 00

AlexFokin [52]

Answer:

PV= $45,489.44

Explanation:

Giving the following information:

Discount rate= 10%

Cash flow= $12,000

Number of years= 5

First, we need to calculate future value. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {12,000*[(1.1^5) - 1]} / 0.1

FV= $73,261.2

Now, the present value:

PV= FV/(1+i)^n

PV= 73,261.2/1.1^5

PV= $45,489.44

8 0

3 years ago

Financial managers focus on _____, the inflow and outflow of cash. Group of answer choices cash flows revenue streams sales reve

lesya692 [45]

Financial managers focus on option(a)i.e, cash flow the inflow and outflow of cash.

A payment (in a currency), notably from one central bank account to another, is referred to as a cash flow. the word "cash flow" is typically used to represent payments that are anticipated to occur in the future, are therefore unknown, and require cash flow forecasting;

To assess the liquidity and solvency of the company, organizations should monitor and analyze three different types of cash flow:

cash flow from operating operations,
cash flow from investing activities,
cash flow from financing activities.

Accounting professionals' financial accounts and other data are used by financial managers to make financial decisions. The inflows and outflows of cash are the main focus of financial management. They organize and track the company's financial flows to make sure there is money on hand when it is required.

A financial manager's primary responsibility is to assess an organization's efficiency through effective resource allocation, acquisition, and management. It offers direction for financial planning. It aids in obtaining funding from many sources. It aids in making wise financial investments.

To know more about financial manager refer to: brainly.com/question/28119918

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1 year ago