Answer:
Tony will pay interest of $6.50 as part of the first loan payment.
Explanation:
Amount of Loan = $1300
Annual Interest = 6%
Monthly interest rate = 6% / 12 = 0.5%
Monthly Loan Payment = $57.62
Monthly installment is compromised of the interest payment on the due balance and the principal payment.
Interest payment in first installment = $1300 x 0.5%
Interest payment in first installment = $6.50
Principal portion of first installment = $57.62 - $6.50
Principal portion of first installment = $51.12
Cost of goods sold (Periodic System) = Beginning inventory + (Purchases, net of returns and allowances, and purchase discounts) + freight in − Ending inventory .
COGS = Cost of goods sold
COGS = 46200+(401100-13500-11300)+16000-57900
COGS = 380600
The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on the nature of your firm, this could also include raw materials, packaging, direct labor involved in making or selling the product, and items bought for resale.
First In First Out (FIFO), Last In First Out (LIFO), and the Average Cost Method are the three techniques that a business might employ when tracking the amount of inventory sold over a given time period.
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Answer:
$230,825
Explanation:
VU = [$56,700 × (1 - .35)] / .162
VU= $56,700×0.65/.162
VU=36,855/.162
VU = $227,500
VL = $227,500 + .35($9,500)
VL= $227,500+$3,325
VL= $230,825
Answer:
The correct answer is letter "A": forward vertical integration.
Explanation:
Forward integration happens when a business takes over functions that were originally performed by its partners in the supply chain. Forward integration can be horizontal and vertical. Forward horizontal integration takes place when one company takes over another at the same level of the supply chain. In forward vertical integration, a firm takes charge of the businesses located farther down the supply chain.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
