Answer:
A) If he thinks that strategy will boost sales, he's cray-cray.
Answer:
A
Explanation:
One of the responsibilities of a financial manager is to direct investment activities towards increasing the market value of an organization and also support the long term financial goal of the firm.
In as much as the financial manager is expected to act in the best interest of the shareholders , he should not be bias towards them in carrying out his responsibilities,
Therefore , the best option of the given alternatives in the scenario is the he should work towards increasing the market value by investing in real assets.
I don’t know if the numbers are supposed to be together or not but if it’s 752,863 than the expanded notation is:
700,000
+ 50,000
+ 2,000
+ 800
+ 50
+ 3
And if it is 752; 863 than the expanded notation is:
700
+ 50
+ 2
;
800
+ 60
+ 3
Answer:
Stuart Manufacturing Company
Assets = $107,200
Explanation:
a) Data and Calculations:
Cash Account
Common stock $89,000
Furniture (32,000)
Equipment (40,000)
Salaries (12,000)
Wages (21,000)
Raw materials (26,000)
Sales 72,000
Cash balance $30,000
Inventory:
Cost = $26,000
Units produced = 10,000 units
Cost per unit = $2.60 ($26,000/10,000)
Cost of goods sold = 8,000 * $2.60 = $20,800
Ending inventory = 2,000 * $2.60 = $5,200
Sales Revenue = 8,000 * $9 = $72,000
Assets:
Cash $30,000
Ending inventory 5,200
Furniture 32,000
Equipment 40,000
Total $107,200
b) An asset is something that brings in future cash flows to the business entity. It is made up of Cash and Cash Equivalents, Inventories, Property, Plant, Equipment, and other business investments. Assets are funded from finance provided by creditors and the equity owners, and they generate economic values.
