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Strike441 [17]
3 years ago
10

Geese Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 6

4% based on current-period purchases. The company determined that beginning inventory at retail was $200,000 and that during the current period a new layer was added with retail value of $50,000. The cost of ending inventory should be
Business
1 answer:
Nataly_w [17]3 years ago
4 0

Answer:

$152,000

Explanation:

Calculation for the cost of the ending inventory

First step is to calculate the cost-to-retail percentage of the beginning inventory amount

Using this formula

Beginning Inventory =Cost-to-retail percentage*Beginning inventory at retail

Let plug in the formula

Beginning Inventory =60%*$200,000

Beginning Inventory =$120,000

Second step is to calculate current-period purchases percentage of the new layer amount

Using this formula

Current period purchases= Purchases percentage* New layer

Let plug in the formula

Current period purchases=64%*50,000

Current period purchases=$32,000

The last step is to find the cost of the ending inventory using this formula

Ending inventory cost=Beginning Inventory+Current period purchases

Let plug in the formula

Ending inventory cost=$120,000+$32,000

Ending inventory cost=$152,000

Therefore the cost of the ending inventory will be $152,000

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$33.44

Explanation:

The computation of the intrinsic value of the share is shown below:

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where,

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The required rate of return is 11.25%

And, the growth rate is 4.50%

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2 years ago
If you have a team that is low on conscientiousness, which of the following would you recommend?
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Anestetic [448]

Answer:

1. Profit

2. Business

Explanation:

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7 0
3 years ago
Last year Kruse Corp had $355,000 of assets, $403,000 of sales, $28,250 of net income, and a debt-to-total-assets ratio of 39%.
maksim [4K]

Answer:

It will improve the ROE by 5.29%  to 18.34% from 13.05%

Explanation:

<u>current values</u>

assets 355,000

sales  403,000

net income 28,250

debt to assets = 39%

debt = assets x 39% =  355,00 x .39 = 138,450

equity = assets - debt = 355,000 - 138,450 = 216,550

<u>Current ROE</u>

net income / own funds (equity)

28,250/216,500 = 0,1304849 = 13.05%

<u>With the proposition of reducing assets to 252,500</u>

debt = assets x 39% =  252,500 x .39 = 98,475

equity = assets - debt = 252,500 - 98,475 = 154,025‬

<u>proposition expected ROE</u>

28,250/154,025 = 0,183411783 = 18.34%

<em>Change in ROE 18.34 - 13.05 = 5.29</em>

6 0
3 years ago
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