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:
Internal rate of return method
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
Accounting rate of return = Average net income / Average book value
Average book value = (cost of equipment - salvage value) / 2
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash.
Answer:
Marty has ratified the contract and is now bound by the terms.
Explanation:
In the given case as we can see that the Marty was minor and as per the act the eligibility to enter into a contract should be in the age of 18 years or above so here the contract should be voidable but after 3 years he would be 19 years and now he would ratified the contract and now bound with the contract terms
Hence, the above represent the answer
Answer:
is the symbol of cost of raising capital from retained earnings.
Weight of common equity = c) 0.32
Explanation:
is the symbol that represents the cost of raising capital through retained earnings in weighted average cost of capital.
Wyle Co.
Total of capital structure = Debt + Preferred Stock + Common Equity
= $3.9 million + $3 million + $3.3 million = $10.2 million
Weight on common equity = Equity/Capital structure
= 
= 0.32
As weight is share of common equity out of total capital. It can be stated in percentage or decimal value.
C) 0.32
Answer:
a service-driven economy
Explanation:
India in relation to global economy has a service-driven economy because one of the ways in which it distinguishes itself from the rest Asian economies is the performance of its service sector. While the growth of other Asian economies, have come from the performance of its manufacturing sector like that of China; that of has been from business services.
India service-driven economic development may be as a result of the fact that the nation has historically been known to be of strength in rendering services.
