Answer:
Davis violated the Standard VII(B) Reference to the CFA Institute, the CFA Designation, and the CFA Program because she stated a future date in which she expected to pass. Candidates who imply partial designations or expected completion dates violate this Standard. Stating a fact about having passed each of the first two levels on the first try does not violate the Standard.
Explanation:
In the given statement, it can be inferred that Davis used a future data in the documentation. She indicated the future data like the date her examination result will be released. In this case, a partial designation is used and this violates the Standards of CFA Institute. Therefore, it can be concluded that Davis violated the Standards.
Answer:
$58,200.
Explanation:
We use the inventory identity to solve for COGS
Beginning Inventory 27,300
Production 57,500
Ending 26,600
27,300 + 57,500 = 26,600 + COGS
COGS = 27,300 + 57,500 - 26,600
COGS = 58,200
Answer:
debit the van account with $63,000
Explanation:
The Lindy's cost of the van is analyzed below:
Delivery van invoice price $60,000
discount ($4,000)
sales tax $5,000
cost of logo and advertising $2,000
annual insurance cost $0
Cost of the van $63,000
The sales tax is included as it cannot be reclaimed from the relevant tax authority.
Cost of logo and advertising even though looks like a revenue expense that should not be capitalized,but in actual terms is a cost incurred to bring asset to current position of being able to be recognized as belonging to Lindy's Flowers.
Answer:
8.2%
Explanation:
Calculation to determine the expected rate of return
Expected rate of return= (.50 (.20)) +(.30(.08)) + (.20*(-.21)
Expected rate of return=0.1+0.024+(0.042)
Expected rate of return=.082*100
Expected rate of return=8.2%
Therefore the expected rate of return is 8.2%
The costs of carrying inventory include the costs of .
- theft
- storage
- spoilage
- obsolescence
<h3>What is inventory carrying cost?</h3>
Inventory carrying cost can be defined those cost or expenses incurred by companies so as to store their products or goods in their warehouse.
Most companies tend to incur this type of cost because they will need to stock or keep inventory for a period of time and sometimes this store inventory are at risk of be stolen or damaged.
Therefore the costs of carrying inventory include the costs of, theft, storage, spoilage and obsolescence.
Learn more about Inventory carrying cost here:brainly.com/question/18804059
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