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SCORPION-xisa [38]
3 years ago
14

Shockglass Company had a beginning inventory of $15,000. During the year, the company recorded inventory purchases of $45,000 an

d cost of goods sold of $50,000. The ending inventory must equal: A. $10,000. B. $25,000. C. $26,000. D. $27,000.
Business
1 answer:
Otrada [13]3 years ago
8 0

Answer:

A. $10,000

Explanation:

We know that :

cost of goods sold = opening inventory + purchases - ending inventory

hence,

Ending Inventory = opening inventory + purchases - cost of goods sold

therefore,

Ending Inventory = $15,000 +  $45,000 - $50,000

                              = $10,000

The ending inventory must equal: $10,000

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Managing the Toronto Propane Explosion
Elena-2011 [213]

Answer:

Explanation:

1. Summary of Toronto Propane Explosion

The Toronto propane explosion (also known as the Sunrise Propane incident) was a series of explosions and ensuing fire that took place on the morning of August 10, 2008, in Downsview, North York, Toronto, Ontario, Canada.The explosions occurred at the Sunrise Propane Industrial Gases propane facility, located near Keele Street and Wilson Avenue . The blasts caused thousands of people to be evacuated from their homes and cost C$1.8 million to clean up, half of which was paid by the province of Ontario. An employee of Sunrise died in the initial explosions and a firefighter died of cardiac arrest the next day while at the scene.

2. Why did the TSSA become the "culprit" here

They are culprit because they failed to protect the civilian by ensuring public safety—it’s the cornerstone that TSSA is built on. And while owners, contractors and residence play their parts in helping keep everyone safe, it’s TSSA who enforces, inspects and advocates for the public.

3. Why did the TSSA become the target of the media and public opinion?

TSSA did not make a Moves to Improve Safety in Ontario explosion which claims a lot of damages.

4. What would you advise the minister to do?

The minister should establish a law to revoke any company that violate its obligation liscense

4 0
3 years ago
How to calculate less drawing ​
Nitella [24]
Owner’s equity is the residual value of a sole proprietorship -- a business owned by an individual -- if it paid off all of its debts. A withdrawal occurs when the owner takes money out of the company that will no longer be used in the company. The statement of owner’s equity shows the items that cause changes to owner’s equity during an accounting period. Investments and net income increase owner’s equity. A net loss and withdrawals decrease owner’s equity. You can calculate a sole proprietorship’s withdrawals if you know the other items on the statement of owner’s equity
8 0
3 years ago
Fowler, Inc., just paid a dividend of $2.55 per share on its stock. The dividends are expected to grow at a constant rate of 3.9
Anna11 [10]

Answer:

Use the Gordon Growth formula for this.

The price of a stock in the current year is:

= (Dividends in current year * (1 + growth rate) ) / (Required return - growth rate)

Current price

= (2.55 * ( 1 + 3.9%) ) / (10.4% - 3.9%)

= $40.76

In 3 years:

= (2.55 * ( 1 + 3.9%)⁴ ) / (10.4% - 3.9%)

= $45.72

In 15 years:

= (2.55 * ( 1 + 3.9%)¹⁶ ) / (10.4% - 3.9%)

= $72.36

8 0
3 years ago
The following data pertain to Frontier Enterprises:
MariettaO [177]

Answer:

D. $231.

Explanation:

With regards to the above, first we need to compute the total manufacturing cost.

Total manufacturing cost = Variable manufacturing cost + Applied fixed manufacturing cost

= $70 + $40

= $110

Then,

= $110 + ($110 × 1.1)

= $110 + $121

= $231

Therefore , the company will charge $231 if cost- plus pricing based is used.

3 0
3 years ago
In the bond market, the seller is considered to be A. the lender or the borrower depending upon whether interest rates are risin
7nadin3 [17]

Answer:

The most suitable answer is,

B. the lender or the borrower depending upon the use to which the funds are put.

Explanation:

There are other permanent buyers or sellers in the bond market. The role of seller and buyer changes constantly and once a buyer can become a seller.

3 0
3 years ago
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