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NeTakaya
3 years ago
15

Foxburg Company has the following information: Work-in-Process Finished Goods Materials Beginning inventory$1,250 $1,350 $1,450

Ending inventory$2,600 $2,800 $3,400 Purchases of materials (net)$11,500 Cost of Goods Sold$19,400 Manufacturing overhead$6,150 What was the cost of goods available for sale for the period
Business
1 answer:
klasskru [66]3 years ago
6 0

Answer:

$22,200

Explanation:

Particulars                                        Amount

Cost of Goods Sold                          $19,400

Ending inventory Finished Goods   <u>$2,800</u>

Cost of goods available for sale    <u>$22,200</u>

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To be included in property, plant, and equipment, an asset must have all of the following except Group of answer choices a. the
tester [92]

Answer:

b. the asset must have an expected life of a normal operating cycle.

Explanation:

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Hence, to be included in property, plant, and equipment, an asset must have all of the following;

I. The asset is expected or required to be held for use

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3 years ago
32,500 shares of common stock outstanding at a price per share of $80 and a rate of return of 12.95 percent. The firm has 7,350
pashok25 [27]

Answer:

WACC = 11.1%

Explanation:

The weighted Average cost of Capital is the average cost of capital for the different sources of long-term capital available to a firm weighted according to the proportion each source of finance bears to the total capital in the pool.

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<em>Cost of each capital type</em>

Common stock= 12.95

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Bond= 8.11%× (1-0.4)=4.87%

<em>WACC</em>

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Common stock   2,600,000.              12.95%         336,700.00  

Preferred            701,925.00              8.3%             58,065.00  

Bond                   4<u>53,805.00  </u>           4.87%            <u>22,100.30 </u>

Total                    <u>3,755,730.00</u>                               <u>  416,865.30</u>  

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       = 11.1%

WACC = 11.1%

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Explanation:

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