Answer:
$229,890
Explanation:
The formula to compute the ending inventory is shown below:
= Cost of inventory + goods purchased from f.o.b. shipping point + goods sold at f.o.b. destination
= $185,000 + $24,080 + $20,810
= $229,890
We added the goods purchased and goods sold to the cost of inventory so that the accurate value of the ending inventory can come.
Answer:
Materials:
price 800U
quantity 510 F
Labor:
rate 1,860 F
efficiency 1,740 U
Explanation:
DIRECT MATERIALS VARIANCES
std cost $5.10
actual cost $5.30
quantity 4,000
price variance $(800.00)
std quantity 4000.00
actual quantity 3900.00
std cost $5.10
quantity variance $510.00
DIRECT LABOR VARIANCES
std rate $8.70
actual rate $8.40
actual hours 6,200
rate variance $1,860.00
std hours 6000.00
actual hours 6200.00
std rate $8.70
efficiency variance $(1,740.00)
Your best response is ' MY TEAM INITIATED A UNIFIED, PROFESSIONAL RESPONSE FROM THE START'. This kind of response show professionalism, because you have not allow the question asked by the reporter to provoke you onto anger. Also, it show that you possess good communication skills.
Answer:
The correct answer is letter "B": Preparing financial statements such as the balance sheet, income statement, and statement of cash flows.
Explanation:
A trial balance is a worksheet listing the debit and credit balances of all the ledger accounts for an entity. Under accounting theory, the total of all the debits must equal the total of all the credits. Since the trial balance is a list of all the accounts it serves as an accuracy check before the company prepares the financial statements including the <em>Balance sheet, Income </em>and <em>Cash Flows Statements</em>.
Answer:
The current share price if the required return on this stock is 16 percent is $50.
Explanation:
price = dividend next year /(required rate of return - growth rate)
= 6/(16% - 4%)
= 50
Therefore, The current share price if the required return on this stock is 16 percent is $50.
