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Vlad1618 [11]
3 years ago
13

XYZ Manufacturing reported the following:

Business
1 answer:
lawyer [7]3 years ago
7 0

Answer:

the gross profit of XYZ is $294,000

Explanation:

The computation of the gross profit is shown below:

= Revenue - cost of goods sold

= $485,000 - ($38,000 + $186,000 - $33,000)

= $485,000 - $191,000

= $294,000

Hence, the gross profit of XYZ is $294,000

The above formula should be used for the same

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On January 1, 2021, purchased $100,000 of Anand Company bonds at face value. The Anand bonds pay 6% coupon rate. On the purchase
Tpy6a [65]

Answer: $3,000

Explanation:

On June 30, 2021, Rupar would have held the bond for 6 months. The coupon rate is an annual figure and so must be translated to a semi annual figure.

To do that simy divide by 2.

= 6% /2

= 3%.

The bond is paid interest on at face value as well.

Therefore the interest on June 30 is,

= 100,000 * 3%

= $3,000

5 0
3 years ago
Donham Corporation had $25,000 of raw materials on hand on May 1. During the month, the Corporation purchased an additional $65,
BlackZzzverrR [31]

Answer:

d. $66,000

Explanation:

Raw Material requisition = $66,000

Raw Material requisition is transferred to work in process account by following entry

                                               Dr.           Cr.

Work in process               $66,000

Raw Material Inventory                    $66,000

The debits to the Work in Process account as a consequence of the raw materials transactions in May is $66,000.

8 0
4 years ago
It is January 2nd. Senior management of Digby meets to determine their investment plan for the year. They decide to fully fund a
Brilliant_brown [7]

ans)

Total Assets (given) - Total Liabilities (given) = Total Stockholders' Equity (plug)

221066899 - 121082334 = 99984565

New stock issued = 75000 X 37.61 = 2820750

Total Stockholders' Equity (above) - New stock issued (above) = Old Stock

99984565 - 2820750 = 97163815

Total Assets / Total Stockholders' Equity = Leverage

221066899 / 99984565 = 2.21 or 2.7

Since this gives us the desired leverage figure, we can be confident of TA, TSE, and TL

True statements are:

1. Total liabilities = 121082334

2. Baldwin will issue stock totalling $2820750

3.Total Assets will rise to $221066899

Hope this helps you

3 0
3 years ago
Which type of risk is most likely to be insurable? 
Anna11 [10]
I think it's A; pure risk

6 0
4 years ago
Corner offices in high-rise office buildings usually cost more to rent than other offices. This BEST illustrates the economic co
Dahasolnce [82]

Answer:

<em>Corner offices in high-rise office buildings usually cost more to rent than other offices. This BEST illustrates the economic concept of: </em><em><u>scarce </u></em><em><u>resources</u></em>

4 0
2 years ago
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