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2 years ago

Marigold Lake Corporation’s accounting records show the following at year-end December 31, 2017:

Business

1 answer:

FrozenT [24]2 years ago

8 0

Answer:

Cost of Goods Purchased;

= Purchases - Purchase Returns and Allowances - Purchase Discounts + Freight-In

= 163,210 - 3,810 - 5,960 + 8,710

= $162,510

Cost of Goods Sold

= Beginning Inventory + Cost of Goods Purchased - Ending Inventory

= 33,550 + 162,510 - 28,600

= $167,100

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Longs Drug, a large U.S. drugstore chain operating primarily in Northern California, had sales per share of $122 in 1993, on whi

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3 years ago

Big Tree Lumber has earnings per share of $1.36. The firm's earnings have been increasing at an average rate of 2.9 percent annu

GalinKa [24]

Answer:

The firm's PEG ratio is equal to 5.93

Explanation:

A valuation metric for determining the relative trade-off between the price of a stock, the earnings generated per share (EPS), and the company's expected growth are referred to as the 'PEG ratio' (price/earnings to growth ratio).

Generally, a company with a higher growth rate would have a higher P/E ratio.

PE ratio = Stock price/EPS

= 23.4/1.36

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3 years ago

PLEASE HELP ASAP (BRAINIEST)!!! SERIOUS ANSWERS ONLY

Paraphin [41]

Answer: The Answer is HMO

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3 years ago

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Japanese auto manufacturers, such as Toyota and Nissan, have invested billions of dollars in the United States by building new f

kotykmax [81]

The given statement " Japanese auto manufacturers, such as Toyota and Nissan, have invested billions of dollars in the United States by building new factories, warehouses, and offices. These investments increase favorably the balance of payments for the United States " is TRUE.

Explanation:

Last year, Japanese importers and vehicular produced at Japanese production sites in the USA have allowed Japanese firms to establish state-of - the-art factories in the US. Like , a mid-sized bus, with Toyota and Acura, Honda and Lexus, and Nissan with Infinity.

In this region, automotive industry involves many others, not just GM workers, who spend trillions of dollars throughout the economy of this nation. The latest US factories represent over $10 billion in spending in Renault, Toyota and Subaru, with facilities based in the United States.

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2 years ago

In December 2016, Learer Company’s manager estimated next year’s total direct labor cost assuming 40 persons working an average

nignag [31]

Answer:

1a. Predetermined Overhead Rate= 60%

Explanation:

Predetermined Overhead Rate=

Estinated overhead cost/Direct labor cost= $1,440,000/(40*$20*3000)

=60%

1b. Total Overhead Cost applied to each job

Job No Direct Labor Applied FOH60%

201 606,000 363,600

202 565,000 339,000

203 300,000 180,000

204 718,000 430,800

205 316,000 189,600

206 19,000 11,400

Total $2,524,000 $1,513,600

Overhead cost applied=

Direct Labor (1.b) * Predetermine overhead rate (1.a)

example:

(Job No. 201) 606,000 * 0.6 = 363,600

1c. Over applied or under applied at year end 2017

Actual Over head cost $1,542,000

Less:Overhead Appied - $1,513,600

Under applied over head $28,400

2. Adjusting Entry

Date Account Title Debit Credit

Dec Cost of goods $28,400 -

-31 sold

Factory - $28,400

Overhead

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3 years ago

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