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3 years ago

The first step in the decision-making process is to

Business

1 answer:

jok3333 [9.3K]3 years ago

8 0

Answer:

First step in decision- making process is to identify problem. The first step in making the right decision is recognizing the problem or opportunity and deciding to address it. Determine why this decision will make a difference to your customers or fellow employees.

Explanation:

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g Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory co

Naily [24]

Answer:

W/A

COGS $ 425,750

EI $ 321.750‬

FIFO

COGS: $ 374,750

EI $ 371,750‬

LIFO

COGS $ 476,750

EI $ 270,750‬

Explanation:

Date Units Cost Subtotal

Begining3,400 50.00 170,000

Jan 30th 4,700 65.00 305,500

May 1st 3,400 80.00 272,000

Total 11,500 747,500

Sales units: 3,050 + 3,500 = 6,550

Weighted Average:

$747,5000 total value of the inventory / 11,500 units available = $65

COGS: 6,550 x $65 = $ 425,750‬

Ending Inventory: 747,500 - 425,750 = 321.750‬

FIFO

We sale the first units so the COGS are the frist 6,550 untis starting from the top:

3,400 beginning at 50

+ 3,150 Jan 30th at 65

COGS: 374,750

EI 747,500 - 375,750 = 371,750‬

LIFO we made sales of the lattest untis so in this case we start from the bottom:

3,400 May 1st at $80

3,150 Jan 30th at $65

COGS 476,750

EI 747,500 - 476,750 = 270.750‬

3 0

3 years ago

Assume that Sharp operates in an industry for which NOL carryback is allowed. In its first three years of operations Sharp repor

Flura [38]

Answer:

$1,620,000

Explanation:

Assume that Sharp operates in an industry for which NOL carryback is allowed.

In its first three years of operations Sharp reported the following operating income (loss) amounts: 2019 $ 1,350,000 2020 (3,150,000 ) 2021 5,400,000

There were no deferred income taxes in any year. In 2020, Sharp elected to carry back its operating loss.

The enacted income tax rate was 25% in 2019 and 30% thereafter.

In its 2021 balance sheet, what amount should Sharp report as current income tax payable is the applicable tax rate for 2021 applied on the income of the year: 30% x 5,400,000 = $1,620,000

3 0

3 years ago

Read 2 more answers

Hewitt Company expects cash sales for July of S15.000, and a 22% monthly increase during August and September. Credit sales of $

larisa [96]

Answer:

b) $22, 326 and $16, 900

Explanation:

The computation is shown below:

Budgeted cash sales

July cash sales

= $15,000

August sales

= July sales + July cash sales × monthly increase

= $15,000 + $15,000 × 22%

= $15,000 + $3,300

= $18,300

September sales

= August sales + august sales × monthly increase

= $18,300 + $18,300 × 22%

= $18,300 + $4,026

= $22,326

Budgeted credit sales

July cash sales

= $10,000

August sales

= July sales + July cash sales × monthly increase

= $10,000 + $10,000 × 30%

= $10,000 + $3,000

= $13,000

September sales

= August sales + august sales × monthly increase

= $13,000 + $13,000 × 30%

= $13,000 + $3,900

= $16,900

5 0

3 years ago

Sol’s Sporting Goods is expanding and, as a result, expects additional operating cash flows of $26,000 a year for 4 years. This

klasskru [66]

Answer:

NPV of the project = $32,404

Explanation:

Provided information we have,

Cash outflow in investment = $39,000

Cash inflow = $26,000 for 4 years

Working capital required = $3,000 through out the life.

Thus, at the beginning of year cash outflow = $39,000 + $3,000 = $42,000

Provided rate of return = 16%

Present value interest factor for 4 years = 2.798

Present value of cash inflow = $2.798 $\times$ $26,000 = $72,748

Present value of working capital = $3,000 $\times$ 0.552 = $1,656

Total PV of cash inflow = $74,404

Less: PV of cash outflow = $42,000

NPV of the project = $32,404

6 0

3 years ago

The financial statements of Gervais Manufacturing Company report net sales of $500,000 and accounts receivable of $80,000 and $4

marissa [1.9K]

Answer:

The answer is: 44 days

Explanation:

First we have to calculate accounts receivable turnover for Gervais Manufacturing:

= $500,000 / [($80,000 + $40,000) / 2] = $500,000 / $60,000 = 8.33 times

Then to calculate the average collection period for accounts receivable we:

= 365 days / 8.33 = 43.8 days ≈ 44 days

8 0

3 years ago