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3 years ago

Cost of Goods Sold Section, Multiple-Step Income Statement

Business

1 answer:

Katen [24]3 years ago

8 0

Answer and Explanation:

The preparation of the cost of goods sold section of a multiple-step income statement is presented below:

<u>Cost of goods section</u>

<u>Multiple-income statement</u>

Opening inventory $37,000

Estimated return inventory $1,000

Purchase $102,000

Less purchase returns -$4,200

Less: Purchase discount -$2,040

Add: Freight in $800

Less: closing inventory -$30,500

Less: estimated return inventory -$1,500

Cost of goods sold $102,560

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Avery Corporation's target capital structure is 35% debt, 10% preferred, and 55% common equity. The interest rate on new debt is

Andreyy89

Answer:

8.15%

Explanation:

The computation of the weighted average cost of capital as follows;

= After Cost of debt × weightage of debt + cost of preferred stock × weight of preferred stock + cost of common equity × weight of equity

= 6.50% × (1 - 0.40) × 35 ÷ 100 + 6% × 10 ÷ 100 + 11.25% × 55 ÷ 100

= 1.37% + 0.60% + 6.19%

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3 years ago

When voluntary exchange takes place, both parties gain from the exchange.

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3 years ago

The lot is 150 feet by 90 feet. The fence is to be 8 feet tall. cost for the fence is $4.50 per linear foot, plus $.75 per squar

creativ13 [48]

Answer:

The total cost of the fence is $5,040

Explanation:

For computing the total cost of the fence, the following steps are needed which is shown below:

Step 1: First we have to find the linear of the feet which is equals to

= 2 × (sum of feet)

= 2 × (150+90)

= 480

Step 2: Now multiply the linear with the cost of the linear foot which equals to

= Linear value × cost of fence per linear foot

= 480 × $4.50

= $2,160

Step 3: compute the value of fence which is 8 feet tall

So, the value is = Linear × tall feet = $480 × 8 = $3,840

Step 4: Now, multiply step 2 with the labor square foot

So, the value is = $3,840 × 0.75 = $2,880

Step 5: Finally, add step 2 and step 3

So, the value is = $2,160 + $2,880 = $5,040

Hence, the total cost of the fence is $5,040

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4 years ago

LCD Industries purchased a supply of electronic components from Entel Corporation on November 1, 2016. In payment for the $25.0

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Answer:

We will use the following equations for this problem

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3 years ago

The marginal product of labor can be defined as the change in a. profit divided by the change in labor. b. output divided by the

fgiga [73]

Answer:

The correct answer is b. output divided by the change in labor.

Explanation:

The marginal product means the additional units of production that are added to the total production when the labor is increased by 1 unit and is a measure of production efficiency.

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4 years ago