Answer:
The depreciation expense for year 1 is $16,000
Explanation:
Depreciation: The depreciation was occurred due to tear and wear, obsolesce, time period, etc
Under the straight-line method, the depreciation should be charged with the same amount over the useful life.
The calculation is shown below:
=
=
= $16,000
The depreciation should be charged for $16,000 in year 1. Moreover, it is shown in the income statement in the debit side and in the cash flow statement also.
Answer:
23.53% or 24% (Approx)
Explanation:
Given that,
Current Assets = $632,000
Total Assets = 1,424,000
Cost of Goods Sold = 1,040,000
Gross Profit = $320,000
Net Income = 192,000
Sales revenue = Cost of goods sold + Gross profit
= $1,040,000 + $320,000
= $1,360,000
Gross profit margin = (Gross Profit ÷ Sales) × 100
= (320,000 ÷ 1,360,000) × 100
= 0.23529 × 100
= 23.53% or 24% (Approx)
Answer:
The amount of annual cash dividends distributed to common shareholders relative to the common stock's market value is the:
Explanation:
The amount of annual cash dividends distributed to common shareholders relative to the common stock's market value is the:
Answer:
a. 295 boxes
b. 100 boxes
Explanation:
The level at which ordering and storage costs are at minimal is known as the optimal order quantity.
optimal order quantity = √(2×Annual Demand×Ordering Cost per Order) / Holding Cost per unit
Therefore,
optimal order quantity = √((2×250×52×$22) / ($22 × 30%))
= 294.39 or 295 boxes
Reorder point is the point at which the order should be placed to obtain additional inventories.
Reorder Point = Lead Time × Usage during the lead time
Therefore,
Reorder Point = 2 days × (250 boxes ÷ 5 days)
= 100 boxes
Answer:
The Boss
Explanation:
Stakeholders are any group of people either internal or external that have interest in a business or activities.
Looking at the various levels of stakeholders that can be involved in a business , it becomes necessary that the degree of loyalty towards all can not be the same.
The boss in the scenario being the employer primarily deserves the loyalty before anybody else as this would have been promised in the oath of allegiance signed in the course of taking the employment.