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3 years ago

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

Business

1 answer:

FrozenT [24]3 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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g sold their home (sales price $960,000; cost $260,000). All closing costs were paid by the buyer. Mitch and Michelle owned and

Llana [10]

Answer:

$700,000

Explanation:

Data provided in the question

Sales price of the home = $960,000

Cost price of the home = $260,000

Based on the above information,

The computation of the amount of gain included in gross income is shown below:

= Selling price of the home - cost price of the home

= $960,000 - $260,000

= $700,000

Hence, the amount of gain i.e $700,000 is included in the gross income

5 0

3 years ago

You are interested in purchasing a new car and have done some research. One of the many points you wish to consider is the resal

kari74 [83]

Answer:

The 99% confidence interval would be given by (12004.26;12995.74)

Explanation:

1) Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

$\bar X=12500$ represent the sample mean for the sample

$\mu$ population mean (variable of interest)

s=700 represent the sample standard deviation

n=17 represent the sample size

2) Confidence interval

The confidence interval for the mean is given by the following formula:

$\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}$ (1)

In order to calculate the critical value $t_{\alpha/2}$ we need to find first the degrees of freedom, given by:

$df=n-1=17-1=16$

Since the Confidence is 0.99 or 99%, the value of $\alpha=0.01$ and $\alpha/2 =0.005$ , and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.005,16)".And we see that $t_{\alpha/2}=2.92$

Now we have everything in order to replace into formula (1):

$12500-2.92\frac{700}{\sqrt{17}}=12004.26$

$12500+2.92\frac{700}{\sqrt{17}}=12995.74$

So on this case the 99% confidence interval would be given by (12004.26;12995.74)

8 0

3 years ago

How data of new hired empployees are saved?

zaharov [31]

Answer:

<u><em>The HRM saves the data</em></u>

Explanation:

The Human resource management (HRM) department handles recruitment for most companies that have such a department. Therefore whenever a company recruits employees the employee data such as;

Address,
Family details,
Medical records,
Age etc,

is sent to the HRM and is usually kept within the organization for internal usuage only in a database or company's internal website.

7 0

3 years ago

The range of S is 74 while that of P is 37 across the two states. What is the hedge ratio of the put

lorasvet [3.4K]

This question is incomplete, the complete question is;

We will derive a two-state put option value in this problem.

Data: S₀ = 106; X = 112; 1 + r = 1.12. The two possibilities for ST are 149 and 75.

The range of S is 74 while that of P is 37 across the two states. What is the hedge ratio of the put

Answer: the hedge ratio of the put H = - 1/2 ≈ - 0.5

Explanation:

Given that;

S₀ = 106, X = 112, 1 + r = 1.12

Us₀ = 149 ⇒ Pu = 0

ds₀ = 75 ⇒ Pd = 37

To find the Hedge ratio using the expression

H = Pu - Pd /Us₀ - ds₀

so we substitute

H = 0 - 37 / 149 - 75

H = - 37/ 74

H = - 1/2 ≈ - 0.5

3 0

3 years ago

Chandler Tire Co. is trying to decide which one of two projects it should accept. Both projects have the same start-up costs. Pr

mojhsa [17]

Answer:

The second project should be chosen. Because the present value of the second project is greater than that of the first project.

Explanation:

The project that should be chosen can be determined by comparing the present value of both projects.

Present value is the cash flows from a project discounted at the discount rate.

Present value can be found using a financial calculator;

For project 1,

Cash flow each year from year one to six is $52,000

Discount rate = 15%

Present value =$196,793.10

For project 2,

Cash flow each year from year one to eight is $48,000

Discount rate = 15%

Present value =$215,391.43

The second project would be chosen because its present value is greater than that of the first project.

I hope my answer helps you

6 0

3 years ago