The Joint Stock Company is:

The trial balance of Sheridan Company at the end of its fiscal year, August 31, 2017, includes these accounts:

Natalija [7]

Answer:

The answer is $229,200

Explanation:

Cost of sales equals:

Beginning inventory plus purchases minus ending inventory.

Beginning inventory is $23,570

Purchases(net Purchase) is

Purchases $224,020

Add: Freight-In. $9,770

Minus: Purchase Returns. and Allowances. ($5,460)

Net Purchase:. $228,330

ending inventory is $22,700.

Therefore, cost of goods sold is:

$23,570 + $228,330 - $22,700

=$229,200

6 0

3 years ago

A company's flexible budget for 24,000 units of production showed per unit contribution margin of $2.50 and fixed costs, $31,200

ANTONII [103]

Answer:

The operating income will be:

Total contribution($2.50 x 29,000) = 72,500

Less: Fixed cost = 31,200

Operating income = 41,300

Explanation:

The contribution per unit is $2.50. This per unit contribution will be multiplied by the number of units produced and sold in order to obtain total contribution. Operating income is the excess of total contribution over fixed cost.

6 0

3 years ago

A stock has an expected return of 13. 24 percent, the risk-free rate is 4. 4 percent, and the market risk premium is 8. 98 perce

ipn [44]

A stock has an expected return of 13. 24 percent, the risk-free rate is 4. 4 percent, and the market risk premium is 8. 98 percent. 0.75 is the stock's beta.

Calculate the beta for stock using the CAPM approach as follows:

Cost of common stock = Risk-free rate + Beta × Market risk premium

13% 7% + Beta x8%

13% 7% Beta × 8%

6% = Beta x8%

6% 8% Beta = =

=0.75

Therefore, the beta for stock using the CAPM approach is 0.75.

Market risk is the potential for loss to individuals or other companies as a result of factors that affect the overall performance of an investment in financial markets.

Learn more about market risk at

brainly.com/question/25821437

#SPJ4

3 0

2 years ago

Lance Brothers Enterprises acquired $515,000 of 3% bonds, dated July 1, on July 1, 2018, as a long-term investment. Management h

Dmitriy789 [7]

Answer:

1st July,2018

investment in bond $515,000 ( debit)

discount on bond investment $80000 (credit)

Lance Brothers paid $435,000 ( credit)

31st, December 2018

cash $7725 (debit)

discount on bond 975 ( debit )

interest revenue is $8700 (credit )

Explanation:

Given data

investment = $515,000

bond = 3%

interest rate = 4%

Lance Brothers paid = $435,000

to find out

investment in the bonds on July 1 and interest on December 31

solution

we know here

on 1st July,2018

investment in bond that is = $515,000 ( debit)

and we know Lance Brothers paid = $435,000 ( credit)

so discount on bond investment = 515000 - 435000 = $80000 (credit)

and

on 31st, December 2018

cash will be = investment in bond × 3% /2

cash = 515,000 × 3% /2

cash = 15450 /2 = $7725 (debit)

interest revenue = Lance Brothers paid × 4% / 2

interest revenue = 435,000 × 4% / 2

interest revenue is 17400 /2 = $8700 (credit )

so and discount on bond = interest - cash

discount on bond = 8700 - 7725 = 975 ( debit )

5 0

3 years ago

What effect might market power have on technological change? Market power results in A. marginal-cost pricing, leaving no reso

andreyandreev [35.5K]

Answer:

C. economic profits that can be spent on research to develop new products.

Explanation:

The most appropriate alternative to this question is the letter b. Because market power can have an effect on technological changes in the use of economic profits that can be spent on research for the development of new products.

Market power can be defined as the ability of an economic agent to be able to maintain its prices above its competitive market and still increase its profit and not lose its customers. Therefore, in the situation exposed in the question, in the case of technological innovations, the profit obtained by the market power of a certain company would be reverted to research that would assist in the development of innovative products that would be responsible for maintaining the organization well positioned and maintaining its market power. and competitiveness.

5 0

3 years ago