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3 years ago

Which of the following is an internal accounting report?

1 answer:

8 0

Answer: Internal reporting involves the compilation of financial and operational information on a frequent basis, which is distributed to those within an organization who can use it to improve performance. ... Internal reports are not shared with anyone outside of the firm.

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Brief Exercise 5-01 Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginni

krok68 [10]

Answer:

Question is not properly written. Proper question is :

Presented below are the components in determining cost of goods sold. Determine the missing amounts. (CGS- Cost of ggods sold)

a. Beg.inv. Purch. Goods avail. for sale End. inv. CGS

80000 100000 ? ? 120000

b. 50,000 ? 115000 35000 ?

c. ? 110000 160000 29000 ?

Solution :

a. i)Goods available for sale = ?

ii) Ending inventory = ?

i) Goods available for sale = Beginning inventory + Purchases

i)Goods available for sale = $ 80000+100000 = $ 180,000

Ending inventory = Beginning inventory + Purchases - CGS

ii)Ending inventory = $ 80000 + $100000 - $ 120,000 = $ 60,000

b. i) Purchases = ?

ii) CGS = ?

Purchases = Goods available for sale - Beginning inventory

i) Purchases = $ 115000 - $ 50000 = $ 65000

CGS = Beginning inventory + Purchases - Ending inventory

ii) CGS = $ 50000 + $ 65000 - $ 35000 = $ 80,000

c. i) Beginning inventory = ?

ii) CGS = ?

Beginning inventory = Goods available for sale - Purchases

i) Beginning inventory = $ 160000 - $ 110000 = $ 50000

CGS = Beginning inventory + Purchases - Ending inventory

ii) CGS = $ 50000 + $ 110000 - $ 29000 = $ 131,000

3 0

3 years ago

P/E Ratio Model and Future Price New York Times Co. (NYT) recently earned a profit of $1.21 earnings per share and has a P/E rat

KonstantinChe [14]

Answer:

* The stock price in five years if the P/E ratio remained unchanged: $33.64

* The price be if the P/E ratio increased to 22 in five years: $37.77.

Explanation:

As the dividend has been growing at 7.25% each year in the next five years, earnings per share in the next five years should grow at the same rate, and earnings per share in year five will be: 1.21 x (1+7.25%)^5 = $1.717.

* The stock price in five years if the P/E ratio remained unchanged will be equal to:

Earning per share in the next five years x Current P/E ratio = 1.717 x 19.59 = $33.64

* The price be if the P/E ratio increased to 22 in five years will be equal to:

Earning per share in the next five years x New P/E ratio = 1.717 x 22 = $37.77.

6 0

2 years ago

Whole-life insurance has a cash value for the insured person if he decides to stop paying premiums and cash the policy in.

mihalych1998 [28]

The given statement "Whole-life insurance has a cash value for the insured person if he decides to stop paying premiums and cash the policy in" is true.

Explanation:

Full life insurance gives the clients a death benefit upon their death. It also offers the money value you can use after several years of regulation. The value of the cash for a whole lifetime is different from the general policy on how well the policy has been credited to the interest.

Life long protection together with an investment account is given by cash value insurance policies. A part of your premium costs or cash value will be paid into the investment account and that money will increase over time. You will earn the cash value less the costs of the contract if you wish to cash in your life insurance and pay out the lender's coverage early.

3 0

3 years ago

Plata Company has identified the following overhead activities, costs, and activity drivers for the coming year:

faust18 [17]

Answer:

Model X Model Y

Units completed 8,000 4,000

Number of setups 200 100

Number of orders 3,000 6,000

Machine hours 12,000 9,000

4,000

Number of setups 200 100

Number of orders 3,000 6,000

Machine hours 12,000 9,000

The company's normal activity is 21,000 machine hours.

Calculate the total overhead cost that would

7 0

3 years ago

Read 2 more answers

In accumulating raw materials costs, the cost of raw materials purchased in a perpetual system is

Viktor [21]

Answer:

B. raw materials inventory

Explanation:

A perpetual inventory system is a system in accounting records to ensures that the number of goods in a store or in storage facility is accurately and immediately reflected by the books

4 0

2 years ago