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Tpy6a [65]
3 years ago
9

Planner Corporation owns 60 percent of Schedule Company’s voting shares. During 20X3, Planner produced 25,000 computer desks at

a cost of $82 each and sold 10,000 of them to Schedule for $94 each. Schedule sold 7,000 of the desks to unaffiliated companies for $130 each prior to December 31, 20X3, and sold the remainder in early 20X4 for $140 each. Both companies use perpetual inventory systems. Required: a. What amounts of cost of goods sold did Planner and Schedule record in 20X3?
Business
1 answer:
bogdanovich [222]3 years ago
5 0

Answer:

Cost of Goods sold for Planner:

= Goods sold * Cost to produce

= 10,000 * 82

= $820,000

Cost of Goods sold for Schedule:

= Goods sold * Cost of acquisition

= 7,000 * 94

= $658,000

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The green giant has a 8 percent profit margin and a 67 percent dividend payout ratio. the total asset turnover is 1.3 times and
Goryan [66]
Profit margin of green giant = 8% = 0.08
 Dividend payout ratio = 67% = 0.67
 Total turnover = 1.3 times
 Equality multiplier = 1.6 times
 First calculate the return of equity = profit margin x turnover x equality
multiplier
 Return of Equity = 0.08 x 1.3 x 1.6 = 0.1664
 Now the sustainable rate of growth = Return of Equity x (1 - Dividend payout ratio)
 Sustainable rate = 0.1664 x (1 - 0.67) = 0.1664 x 0.33 = 0.055
 Sustainable rate of growth = 5.5%
8 0
3 years ago
During 2020, LAL Corp. had the following cash flows: (1) received cash of $5,000 billed to a customer in 2020; (2) earned $20,00
Juliette [100K]

Answer: $21,000

Explanation:

Financing activities refer to those that a company engages in, in relation to capital needed to run the affairs of the business which means it included Equity and Debt.

Financing Activities: Interest paid, dividends paid, money borrowed from bank, stock repurchase

Net cash flows from financing = Money borrowed from bank - Interest paid - dividends paid - Stock repurchase

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4 0
3 years ago
Which of the following statements is the best description of comparative advantage?
torisob [31]

Answer:

D. Each nation should produce those goods that it can produce more efficiently and effectively than other nations, and buy the goods it cannot produce efficiently from other nations

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost ( has greater efficiency in production) when compared with other countries.

I hope my answer helps you

5 0
3 years ago
A personnel director at a large company studied the eating habits of employees by watching the movements of a selected group of
alekssr [168]

Answer: blocking for gender

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3 0
3 years ago
If long-run average total cost decreases as output increases, this is due to:
loris [4]
The economics scale                    
6 0
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