Answer:
$2,857
Explanation:
Cost of goods sold (COGS) refers to the relevant cost incurred to acquire or produce the products being sold a company during a particular period.
The formula for calculating the COGS is as follows:
COGS = Beginning inventories + Purchases - Ending inventories
From the question, we have the following for 2012:
Beginning stock = $590
Purchases = $2,770
Ending inventory = 503
Therefore, we have:
COGS for 2012 = $590 + $2,770 - $503 = $2,857
Therefore, Jacob should record $2,857 as Cost of Goods Sold (COGS) on its 2012 income statement.
Answer:
Limited partnership.
Explanation:
Limited partnership is a business that is set up by people who want to run a partnership together but where one or more of the partner is only interested in investing in the partnership without the desire to be involved in the day to day running as well as the right to take decision concerning the partnership, such an arrangement is called Limited partnership. The liability of the Limited partner is limited to the amount of capital contributed.
The other type of partner is general partner who is involved in the day to day running of the firm and has unlimited liability for the debt of the partnership.,
stock value = $ 150.91
<u>Explanation:</u>
Stock price = D /(k-g)
The given data is as follows:
D = Dividend = $4.15
, K = required percent = 9% = 0.09
, G = pledged percent = 6.25% = 0.0625
<u>The following formula is used in order to calculate the value of the stock:
</u>
Stock value= D/(k-g)
Where: D = dividend, K = required return, g = growth
=150.91(rounded to the two decimal places)
Hence stock value = $ 150.91
Answer:
$119,070
Explanation:
The computation of warranty expense for the month of November is shown below:-
Warranty expense for the month of November = Sold printers × Warranty percentage × Average cost
= 27,000 × 3% × $147
= $119,070
Therefore for computing the warranty expense for the month of November we simply applied the above formula.
Flat money, commodity money, the gold standard and representative money is the money that would have the least value if people lost confidence in the government. Flat money is the currency that the government has declared as legal tender but it is not backed by a physical commodity. Representative money is any money that its face value is greater than its actual value. Commodity money is money whose value comes from the commodity in which it is made of. The gold standard is economic unit of account which is based on the fied amount of gold.
