Answer: $1,982.40
Explanation:
The company's after-tax income using LIFO will be:
Sales = 306 × $63 = $19,278
Less: Cost of Goods Sold
132 × $49 = $6,468
174 × $47 = $8,178
Coat if goods sold = $14,646
Gross Profit = $19,278 - $14,646 = $4,632
Less: Operating Expense = $1,800
Income Before Tax = $2,832
Less: Tax = 30% × $2832 = $849.60
Income after Tax = $1,982.40
Answer:
The answer will be below
Explanation:
a. Income from operations=$322,990-$143,460-$49,300=$130,230
b. Net Income=$322,990-$143,460-$49,300+$27,900-$5,590-$12,730=$139,810
c. Comprehensive Income=$9,390
d. Retained Earnings=$139,810-$4,750=$135,060
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It allows organizations to be proactive rather than reactive. A strategic plan allows organizations to foresee their future and to prepare accordingly.
It sets up a sense of direction.
It increases operational efficiency.
It helps to increase market share and profitability.
It can make a business more durable.
I hope it helped you!
Answer:
$55,300
Explanation:
Calculation to determine what The net income for December would be:
NET INCOME FOR DECEMBER
Revenue $327,000
Less cost of goods sold ($228,900)
(70%*$327,000)
Gross profit $98,100
($327,000-$228,900)
Less Depreciation ($17,400)
Less Operating expenses ($25,400)
Net Income $55,300
Therefore The net income for December would be:55,300
Answer:
Its action would be optimal given an ordering cost of $28.31 per order
Explanation:
According to the given data we have the following:
economic order quantity, EOQ= 55 units
annual demand, D=235
holding cost per one unit per year, H=40%×$11=$4.4
ordering cost, S=?
In order to calculate the ordering cost we would have to use the following formula:
EOQ=√(<u>2×D×S)</u>
(H)
Hence, S=<u>(EOQ)∧2×H</u>
2×D
S=<u>(55)∧2×4.4</u>
2×235
S=<u>13,310</u>
470
S=$28.31
Its action would be optimal given an ordering cost of $28.31 per order
