Answer:
Fifo Ending Inventory = $ 690
Explanation:
The first in first out method implies that only the units at the end are left out in the ending inventory.
Fifo Ending Inventory = $ 690
10 units from third purchase at $ 35= $ 350
10 units from second purchase at $ 34= $ 340
Total 20 units FIFo method = $ 690
Working
Total Cost
Beginning inventory 10 units at $30 $ 300
First purchase 25 units at $32 $ 800
Second purchase 30 units at $34 $ 1020
Third purchase 10 units at $35 $ 350
Answer:
b. $20 per pound.
Explanation:
If the farmer adds l pound of fertilizer per acre, the value of the resulting crops rises from $80 to $100 per acre, then the increased value is $20 = ($100 - $80)
So in order to have profit, the cost of 1 pound of fertilizer must be less than the increased value of $20
Answer and Explanation:
The given values are:
Debt obligation
= $36 million
Market value
= $81 million
Outstanding shares
= $10 million
(a)...
Net Assets of the firm will be:
= 
= $
Now, the current share price will be:
=
= $
(b)...
Number of shares to be issued to repay debt obligation will be:
=
= $
(c)...
The total number of outstanding shares will be:
= 
= $
Now,
The Current share price will be:
= 
=
= $