Answer:
Cost of goods sold= $816
Explanation:
Giving the following information:
Acme-Jones Corporation uses a weighted-average perpetual inventory system.
August 2: 24 units were purchased at $23 per unit.
August 18: 40 units were purchased at $25 per unit.
On August 29: 34 units were sold.
Weighted-average= (23 + 25)/2= $24
Cost of goods sold= 34*24= $816
Answer:
The correct answer is letter "B": legislation cannot repeal basic economic motives.
Explanation:
Government price controls are regulations imposed by the central government of a country to set limits on prices of certain goods or services because of a surplus, shortage or simply to maintain the demand and supply of those products at their equilibrium level.
However, the demand for some of those products could be unpredictable because individuals could react in opposite directions even if the government has set rules against consumers' favor. <em>Customers' motives might not be always repealed by legislation</em>.
Answer:
The answer is 20.55 days
Explanation:
Solution
Given that:
Annual sales =$627,200
Average accounts receivable =$35,300
Now
The accounts turnover ratio (receivable) = Sales/Average accounts receivable
Accounts receivable turnover ratio = $627,200/$35.300
=17.76 times
Thus
Number of days payment receives = 365/ Accounts receivable turnover ratio =365 days/17.76 times
=20.55 days
Therefore The company takes 20.55 days to get payment for its services
Integrated is a close corporation.
<h3>What is corporation?</h3>
- A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes.
- Early corporations were created with a charter. The majority of governments currently permit the registration of new corporations.
- There are four main forms of corporations: sole proprietorships, Limited Liability Companies (LLCs), S-Corporations (S-Corps), and C-Corporations (C-Corp).
- Examples of corporations are Apple Inc., Walmart Inc., and Microsoft Corporation.
<h3>What is a close corporation?</h3>
- A close corporation is a business that has fewer shareholders than the statutory limit and is not a public company.
- The maximum number of shareholders is typically 35, though this varies according on the state's corporate regulations.
Learn more about corporation here:
brainly.com/question/28017828
#SPJ4
Answer:
$42.60
Explanation:
Current value = Future dividends and value*Present value of discounting factor(rate%,time period)
Current value = $1.85 / (1+10%) + $45 / (1+10%)
Current value = $1.85/1.1 + 45/1.1
Current value = $
1.68181 + $40.91
Current value = $42.5918
Current value = $42.60
