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stepan [7]
3 years ago
12

9 a company reports its 2010 cost of goods sold at $15.0 million. its ending inventory for 2010 is $1.6 million and for 2009, en

ding inventory was $1.2 million. how much inventory did the company purchase during 2009?
a. $14.6 million
b. $15.0 million
c. $15.4 million
d. $15.8 million
Business
1 answer:
sasho [114]3 years ago
3 0
My guess is a.$14.6. I might be wrong.
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BioGrow Pharma Inc. wanted its research partner, an R&D company, to develop a cancer vaccine. However, the project required
grigory [225]

Answer: credible commitment

Explanation:

From the question, we are informed that BioGrow Pharma Inc. wanted its research partner, an R&D company, to develop a cancer vaccine but that the project required huge capital investments, and its research partner was not ready to solely face the risks involved.

Therefore, to gain its partner's confidence and to prove its involvement, BioGrow Pharma invested $100 million in the project. This investment made by BioGrow Pharma will result in a credible commitment.

4 0
3 years ago
Direct materials for the month amounted to $111,500. Direct labor for the month was $206,500. During the month, 12,500 units wer
Alenkinab [10]

Answer:

1. Total Production Cost = $413400

2. Cost per unit of production for the previous month = $25.44

   Cost per unit of production for the next month = $25.44

Explanation:

GIVEN:

Direct Material for 12,500 unit = $111,500

Direct Labor for 12,500 unit = $206,500

Calculate:

Direct Material for 16,250 unit = $111,500*16,250/12,500 = $144,950

Direct Labor for 16,250 unit = $206,500*16,250/12,500 = $268,450

  • Total Production Cost =  Direct labor + Direct materials + Factory Overheads

Total Production Cost =  $144,950 + $268,450

Total Production Cost =  $413,400

Cost per unit of production = Total Production Cost / Total unit

For Previous month  = ($111,500 + $206,500) / 12,500

                                  = $318000/ 12,500

                                  = $25.44

For Next month = ($413400) / 16,250    

                           = $25.44

6 0
2 years ago
Olsen Outfitters Inc. believes that its optimal capital structure consists of 65% common equity and 35% debt, and its tax rate i
e-lub [12.9K]

Answer: 12.5%

Explanation:

Amount that will be raised with Equity = 65% * 5,700,000 = $3,705,000

This is more than the retained earnings so new equity will have to be issued at cost of 16%

Amount raised by debt = 35% * 5,700,000 = $1,995,000

Less than $2 million so cost of debt is 10%

WACC = cost of equity * weight of equity + weight of debt * cost of debt * ( 1 - tax rate)

= (16% * 65% ) + (35% * 10% * (1 - 40% tax))

= 12.5%

7 0
2 years ago
Suppose a country has government expenditures of $3,500, taxes of $2,200, consumption of $9,000, exports of $2,500, imports of $
morpeh [17]

Answer:

$15,300

Explanation:

GDP = Consumption + Investment spending + Government Spending + Net Export

Net Export = export - import

=$9,000 + $3,000 + $3,500 + ($2500 - $2700) = $15,300

I hope my answer helps you

6 0
2 years ago
If someone hire you today, what are some skills that you have that you can use in the workplace?
Yuliya22 [10]
Responsibility, organization, and good sportsmanship to name a few.
3 0
3 years ago
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