Balance sheet is a statement of what?

Check out this cube: The figure presents a cube. The length of one edge is labeled as 4 units The figure presents a cube. The le

Olenka [21]

Answer:

The surface area of the cube is 96 squared unit.

Explanation:

The surface area of a cube is the addition of the area of each surfaces. The surface net of the cube illustrates that it has 6 squares of 4 unit length each.

So that,

Area of a square = length × width

But, length = width

⇒ Area of a square = $(length)^{2}$

= $(4)^{2}$

= 16

Area of one of the squares of the cube is 16 squared unit.

Surface area of the cube = number of squares × Area of one of the squares of the cube

= 6 ×16

= 96 squared unit

The surface area of the cube is 96 squared unit.

4 0

3 years ago

The Mary Company primarily sells dishes, and recently purchased a cardboard box company. Mary's new cardboard box division has n

fgiga [73]

Answer: $1.50

Explanation:

Based on the information given in the question, we are informed that the variable cost of each box is $1.50 and usually has a contribution margin of $0.80 per box.

We should note that the minimum transfer price that the box division should find as acceptable will be the relevant cost. In this case, the relevant cost is given as $1.50 pee box and therefore, the minimum transfer price will be $1.50.

8 0

2 years ago

Blackwelder co. calls a meeting to announce to the media that it is hiring a new ceo and changing the company name to natural ba

Galina-37 [17]

Blackwelder co. calls a meeting to announce to the media that it is hiring a new ceo and changing the company name to natural basics. the company will distribute additional materials at this meeting, which is called a press conference.

A press conference is a meeting organized for the purposes of distributing information to the media and answering questions from reporters.

5 0

3 years ago

Savanna Company is considering two capital investment proposals. Relevant data on each project are as follows: Project Red Proje

liberstina [14]

Answer:

(a) Cash payback period:

Project Red = 5.5 years

Project blue = 4.6 years

(b) Net present value for project Red = $19,760

Net present value for project Blue =$164,580

(c) Annual rate of return:

Project Red =11.36%

Project Blue =18.75%

(d) Project Blue

Explanation:

Given Data;

Project Blue Capital investment = $640,000

Project Red Capital investment = $440,000

Project Red Annual Net income = $ 25,000.

Project Blue Annual Net income = $ 60,000

Annual depreciation Project Red = (440000/8)

= 55,000

Annual depreciation Project Blue = (640000/8)

= 80,000

Annual cash inflow project A = $ 80,000

Annual cash inflow project B = $140,000

(a)

Cash payback period = Initial investment/cash flow per period

Project Red = 440000 /80000

= 5.5 years

Project blue = 640000/ 140000

= 4.6 years

(b)

Project Red Present value of cash inflows = 80000 ×5.747

= $459,760

Project Blue Present value of cash inflows =140000×5.747

= 804580

Net present value for project Red = $459,760 - $440,000

= $19,760

Net present value for project Blue = 804580 - $640,000

=$164,580

(c) Annual rate of return:

Project Red = $25,000 / ($440000)/2

=11.36%

Project Blue = $60000/(640000/2)

=18.75%

(d) Savanna should select Project Blue because it has a higher positive NPV and a higher annual rate of return. AND Project Blue has early cash back period also

6 0

3 years ago

Inventory information for Part 311 of Whispering Corp. discloses the following information for the month of June.

bearhunter [10]

Answer:

FIFO: ending inventory: $9,528 COGS: $ 14,452

LIFO: ending inventory: $ 8,422 COGS: $ 15,558 (periodic)

LIFO: ending inventory $ 9,035 COGS ·$ 14,945 (perpetual)

Explanation:

June 1 Balance 304 units @ $13 3, 952

June 11 Purchased 804 units @ $15 12,060

June 20 Purchased 498 units @ $16 7, 968

Tota units 1,606 Cost available: 23,980

June 10 Sold 205 units @ $30

June 15 Sold 504 units @ $32

June 27 Sold 295 units @ $34

Total units: 1,004 units

Ending Inventory units: 1,606 - 1,004 = 602

FIFO:

first units are sold while last are ending inventory.

As we always pick from chronological order is the same under perpetual or periodic method.

Ending Inventory: 602 units

June 20 Purchased 498 units @ $16 7, 968 (602 - 498 = 104)

June 11 Purchased 104 units @ $15 1, 560

Total: 9,528

COGS: Difference between cost available and ending inventory:

23,980 - 9,528 = 14,452

LIFO:

first units are part of ending inventory. As the units aren't picked in chronological order the values cahnges under perpetual and periodic method.

periodic ending inventory:

June 1 Balance 304 units @ $13 3, 952 (602 - 304 = 298)

June 11 Purchased 298 units @ $15 4,470

Total 8,422

COGS: 23,980 - 8,422 = 15,558

perpetual method:

Inventory after 1st sale: 304 - 205 = 99 units at 13

Inventory after 2nd sale.

99 untis at 13

804-504 = 300 units at 15

Inventory after 3rd sale.

99 untis at 13 1,287

300 units at 15 4,500

498 - 295 = 203 units at 16 3,248

ending inventory: 9,035

COGS: 23,980 - 9,035 = 14,945

8 0

3 years ago

Balance sheet is a statement of what?​

Balance sheet is a statement of what?