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Pinkie Print Supplies, Inc., sells laser printers and supplies. Assume Pinkie started the year with 100 containers of ink (ave

ArbitrLikvidat [17]

Answer:

Instructios are listed below

Explanation:

Giving the following information:

Assume Pinkie started the year with 100 containers of ink (average cost of $ 9.10 each, FIFO cost of $ 8.60 each, LIFO cost of $ 8.00 each).

During the year, the company purchased 800 containers of ink at $10.00 and sold 600 units for $21.75 each. Pinkie paid operating expenses throughout the year, a total of $ 5,000.

FIFO:

Sales= 600*21.75= 13,050

COGS= (100*8.60 + 500*10)= 5860

Gross profit= 7190

Operating expense= 5000

Net operating profit= $2,190

LIFO:

Sales= 13,050

COGS= (600*10)= 6000

Gross profit= 7,050

Operating expense= 5000

Net operating profit= $2,050

Average-cost

Sales= 13,050

COGS= [(9.10+10)/2]*600= 5730

Gross profit= 7,320

Operating expense= 5000

Net operating profit= $2,320

6 0

3 years ago

Williams Optical Inc. is considering a new lean product cell. The present manufacturing approach produces a product in four sepa

zzz [600]

Answer:

The value-added, non-value-added, total lead time, and the value-added ratio under the present production approaches is as follows:

value-added=20 minutes

non-value-added=905 minutes

total lead time=925 minutes

value-added ratio=2.2%

The value-added, non-value-added, total lead time, and the value-added ratio under the proposed production approaches is as follows:

value-added=20 minutes

non-value-added=50 minutes

total lead time=70 minutes

value-added ratio=28.6%

Explanation:

In order to calculate the the value-added, non-value-added, total lead time, and the value-added ratio under the present production approaches we would have to use the following formula:

value-added=Process times, step 1 +Process times, step 2+Process times, step 3+Process times, step 4

value-added=5+8+4+3

value-added=20 minutes

non-value-added=Total within batch wait time+movie time

non-value-added=(5+8+4+3)*(45-1)+25

non-value-added=905 minutes

total lead time= value-added+ non-value-added

total lead time=20+905

total lead time=925 minutes

value-added ratio=value-added/total lead time

value-added ratio=20/925

value-added ratio=2.2%

In order to calculate the the value-added, non-value-added, total lead time, and the value-added ratio under the proposed production approaches we would have to use the following formula:

value-added=Process times, step 1 +Process times, step 2+Process times, step 3+Process times, step 4

value-added=5+8+4+3

value-added=20 minutes

non-value-added=Total within batch wait time+movie time

non-value-added=(5+8+4+3)*(3-1)+10

non-value-added=50 minutes

total lead time= value-added+ non-value-added

total lead time=20+50

total lead time=70 minutes

value-added ratio=value-added/total lead time

value-added ratio=20/70

value-added ratio=28.6%

7 0

3 years ago

The board of directors declared cash dividends totaling $1,200,000 during the current year. The comparative balance sheet indica

Salsk061 [2.6K]

Answer:

$1,350,000

Explanation:

The computation of the amount of cash payments to stockholders is shown below:

= Beginning balance of dividend payable + cash dividend declared - ending balance of dividend payable

= $250,000 + $1,200,000 - $100,000

= $1,350,000

To find out the amount of cash payments to stockholders we added the cash dividend declared and deduct the ending balance of dividend payable to the beginning balance of dividend payable

8 0

3 years ago

A firm's inventory was destroyed by fire on August 14 of the current year. Fortunately, the firm had insurance to cover the loss

aniked [119]

Answer:

cost of the inventory lost is $600,000

Explanation:

The cost of goods sold is computed as follows

$

Opening stock xxx

Add purchases during the year xxx

Less closing stock (xxx)

Cost of goods sold xxx

Gross profit is the profit after deducting just the cost of goods sold only. The gross profit margin is the proportion of sales made as gross profit. It indicates how well a company is managaing its cost of inpust.

If a company has a gross profit margin of 30% then the balance figure of 70% of sales represents the value of cost of goods sold.

So we can apply this to our question

Cost of goods sold = (100-40)% × Sales

= 60% × $1,000,000

= $600,000

Now we can work out the cost of the inventory lost which is the closing inventory:

Remember

cost of goods sold = Opening inventory + purchases - closing inventory

600,000 = 200,000 + 1,000,000 - y let y denotes closing inventory

y = 200,000 + 1,000,000 - 600,000

y = 600,000

cost of the inventory lost is $600,000

6 0

3 years ago

Why is it important to send a thank you note after an interview

Serga [27]

Answer:

so that they know that u appreciate that they gave you their time and energy so they can help you and their company.

Explanation:

3 0

3 years ago