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3 years ago

This information is available for Pronghorn Inc. for the current year.

Business

1 answer:

fiasKO [112]3 years ago

3 0

Answer:

Pronghorn Inc.

Inventory Turnover = 7 times

Days in inventory = 52.14 days

Gross profit rate = 47.86%

Explanation:

a) Data and Calculations:

Beginning inventory $10,620

Ending inventory 13,430

Average inventory = $12,025 ($10,620 + $13,430)/2

Cost of goods sold 84,175

Sales 146,100

Gross profit = $69,925 ($146,100 - $84,175)

Inventory Turnover = Cost of Goods Sold/Average Inventory

= $84,175/$12,025

= 7 times

Days in inventory = 365/7 = 52.14 days

Gross profit rate = Gross profit/Sales * 100

= $69,925/$146,100 * 100

= 47.86%

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Answer:

23,130,000 HK

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Loan amount taken by sapling in Dollars at an exchange rate of 9 HK dollars/euros:

= 9 × 12,000,000

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Amount to be repaid by sapling at i= 1.5%:

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4 years ago

Burger Emporium Inc. is currently losing $100,000 per year on its Zhou Burger product line. The revenue from the Zhou Burger is

Mekhanik [1.2K]

Answer:

The correct answer to the following question will be "keeping the product line since they would lose an extra $40000 if they dropped".

Explanation:

Keep Drop

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3 years ago

Assume the following information from a schedule of cost of goods manufactured: Cost of goods manufactured $ 158,000 Beginning w

Olegator [25]

Answer:

$67,000

Explanation:

Remember that,

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this can also be written as :

Ending WIP = Beginning WIP + Total Manufacturing Costs - Cost of Goods Manufactured

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3 years ago

Panther Pacific uses the net method of accounting for purchases and sales. The net method assumes that discounts are taken when

GalinKa [24]

Answer: The net method assumes that discount are taken when a purchase or sale of inventory is made on account.

Explanation:

An invoice is a document sent by the seller to the buyer showing the description of the goods bought, the quantity, and the price. In invoice prices are sometimes given subject to so much percentage cash discount. The cash discount is a percentage reduction from the quoted prices of goods.It is an allowance given by the seller to the buyer in order to encourage the buyer to pay promptly. The term of sale known as net date with discount is a process whereby goods bought by the buyer are not paid for immediately, but it is paid for at a later date.

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3 years ago

The preferred stock of ABC Co. offers a rate of return of 7.87 percent. The stock is currently priced at $63.53 per share. What

omeli [17]

Answer:

Annual Dividend = $5.00

Explanation:

We can use the following formula to calculate the stock price.

P = Annual Dividend / r

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By inputting the number into the above equation, we have the following:

63.53 = Annual Dividend / 0.0787

--> Annual Dividend = $5.00

7 0

3 years ago