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Mars2501 [29]
4 years ago
15

Sullivan Company uses the periodic inventory system. The following balances were drawn from the accounts of Sullivan Company pri

or to the closing process: Sales revenue $ 21,500 Beginning inventory balance 5,100 Purchases 9,900 Transportation-in 1,350 Transportation-out 1,550 Purchase discounts 1,150 Ending inventory balance 5,500 What is the gross margin that will be shown on the income statement bartley
Business
1 answer:
Arada [10]4 years ago
5 0

Answer:

$11,800

Explanation:

Calculation to determine the gross margin that will be shown on the income statement bartley

First step is to calculate the Cost of goods sold

Cost of goods sold = 5,100 + 9,900 + 1,350 - 1,150 - 5,500

Cost of goods sold = $9,700

Now let determine the Gross margin

Using this formula

Gross margin=Sales-COGS

Let plug in the formula

Gross margin = $21,500 - $9,700

Gross margin = $11,800

Therefore the gross margin that will be shown on the income statement bartley is $11,800

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Ursula is allowed to set her own schedules for playtime and for studying. In return, Ursula's mother insists that her daughter k
mr_godi [17]

Ursula's mom is most likely an authoritative parent.

Explanation:

Authoritative parenthood is a childhood style of strong sensitivity and heavy demands. Authoritative parents respond with high expectations to the children's emotional needs. They set boundaries and enforce borders very systematically.

Oppressive and oppressive parents are strict and want their children a lot. Conservative and moist dominant parents, yet conservative and cold oppressive parents.

Authoritative parents discuss their children's laws and explain them. Authoritarian parents require only one path contact.

3 0
3 years ago
A corporation with common stock outstanding declares a nontaxable dividend payable in rights to subscribe to common stock on Jun
alexandr1967 [171]

Answer:

Nexsen new stock basis is $82.67

The holding period of new stock begin on the date new stock was purchased.

The sale of rights produce capital gain of $550

Explanation:

Sale price of the right stock:

Purchase price of right stock is 75 stocks * $90 = $6,750

Less: Selling price of right stock is 25 stocks * $22 = $550

Total cost of right stock is $6,200

No of right stock purchased 75

Cost per stock is $6,200 / 75 = $82.67

4 0
3 years ago
buchanan corp. is refunding $15 million worth of 11% debt. the new bonds will be issued for 8%. the corporation's tax rate is 37
inna [77]

The bond coupon rate is the total interest rate that is used to calculate periodic charges made to bondholders. The bond coupon rate is further than the yield to maturity.

Net cost call premium = $567,000

<h3> Bond coupon rate </h3>

Option, D is correct.

The net expense of the call premium after taxes is $567,000.

Net cost call premium = Debt x Call premium x (1 - Tax rate)

Net cost call premium = $9,000,000 x 10% x (1 - 37%)

Net cost call premium = $900,000 x 0.63

Net cost call premium = $567,000

To know more about the bond coupon rate visit the link

brainly.com/question/22504216

#SPJ4

6 0
2 years ago
Motorcycle manufacturers, inc. projected sales of 78,000 machines for the year. the estimated january 1 inventory is 6,500 units
Trava [24]
The answer is letter B.
5 0
4 years ago
TravelEasy Inc. has issued 30-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 14% and the
rosijanka [135]

Answer:

Coupon (R) = 14% x $1,000 = $140

Bond yield (kd) = 8% = 0.08

No of years (n) = 30 years

No of compounding periods (m) = 2

Po= R/m(1-(1+Kd/m)-nm/Kd/m + FV/(1+Kd/m)nm

Po = $140/2<u>(1-(1+0.08/2)</u>-30x2 + 1,000(1+0.08/2)30x2

                         0.08/2

Po = $70<u>(1-(1+0.04)</u>-60 + 1,000/(1 + 0.04)60

                       0.04

Po = $70<u>(1-(1.04)</u>-60 + 1,000/(1.04)60

                 0.04

Po = 70(22.6235) + 95.06

Po = $1,678.71

Explanation:

The price of a bond is equal to the present value of coupon plus the present value of the face value.

5 0
4 years ago
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