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3 years ago

Which of the following values should be inserted to correctly balance the ledger shown below?

1 answer:

8 0

In order to figure out this you would take the original balance
$120.70 and add the paycheck $343.52
from there you would then minus the City payment of $53.90 and minus the internet payment of $86.40
This would leave you with $323.96
Hope This helps :)

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You have the following information for Wildhorse Co. for the month ended October 31, 2017. Wildhorse Co. uses a periodic method

Dmitry [639]

Answer:

The weighted-average cost by unit is $28,338.

Explanation:

AVCO Perpetual chart is attached.

AVCO Perpetual chart shows purchases , sales and balance of each period. Highlighted you will find the balance at the end of every purchase or sale.

When you have a purchase: Use the following formula to get the weighted-average cost by unit:

(P₁*Q₁)+(P₂*Q₂)/(Q₁+Q₂)

P₁ and Q₁ are the balance from operation that you made before.

P₂ and Q₂ is the data of the new operation (new purchase)

When you have a sale: you only discount the Quantity and use the average cost by unit to get the final inventory.

The balance at the end of October is

Units Unit Cost Total

76 $28,338 $2.153,720

Download xlsx

3 0

3 years ago

Companies HD and LD are both profitable, and they have the same total assets (TA), total invested capital, sales (S), return on

GaryK [48]

Answer:

Option D is correct.

Explanation:

Both company will have same Equity multiplier as total assets and equity are same of both companies. So Option A and B is incorrect.

Option C is also incorrect because there is no difference between the sales and total assets of both companies.

Option D is correct because the return on equity of the company LD is higher as the Net profit which is profit after interest and tax is higher than the profit after interest and tax of the company HD.

ROE = PAIT / Equity

Option E is wrong because when we say ROA is same this means that the operating income is same.

ROA = Operating profit / Total assets

Remember that the operating profit is earnings before interest and tax.

7 0

3 years ago

Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 34

Tpy6a [65]

Answer:

$69020

Explanation:

Selling price -$54

Incremental selling price =54*(1-0.16)=45.36

Incremental sales - 45.36*7000= 317520

Contribution -

Direct materials = 24*7000 = (168000)

Direct labor = 6*7000 = (42000)

Variable manufacturing = (21000) (3*7000)

Variable selling price = (3500) 2*(1-0.75)

Total contribution = 83020

Additional cost of machine (14,000)

Incremental profit 69,020

5 0

3 years ago

Chloe Closson paid for her vacation to the mountains with a $3,000 installment loan at 10% for 12 months. Her monthly payments w

erastova [34]

If Chloe did not pay off the loan, she will payout 263.75 x 12 = $3165.00

However, if Chloe pays off the loan with the sixth payment, she will pay out (263.75 x 5) + 1,786.20 = $3,086.95.

But the question is how much will she save? To get the answer just follow this: 3165.00 - 3086.95 = $78.05

Therefore, Chloe saves $78.05

7 0

3 years ago

If the consumer price index was 170 in one year and 180 in the next year, then the rate of inflation is approximately:

aliina [53]

Well the answer is quite easy just count From 170 to 180 and that leaves u with 10 so ur answer is ten

8 0

3 years ago

Read 2 more answers