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3 years ago

Medium:

Business

1 answer:

Sever21 [200]3 years ago

4 0

Answer: 335000

Explanation:

The company's cost of goods available for sale will be calculated as the addition of the begining inventory, the net purchases and the freight. This will be:

= Beginning inventory + Purchases + Freight

= 250000 + 70000 + 15000

= 335000

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A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $20, $28, and $65. The nu

kupik [55]

Answer:

4.46%

Explanation:

The computation of the one day rate of return on the index is as follows;

Return = (Index Value Today - Index Value Yesterday) ÷ Index Value Yesterday

where,

Index Value Yesterday is

= ($20 × 660,000 + $28 × 560,000 + $65 × 260,000)

= $13,200,000 + $15,680,000 + $16,900,000

= $45,780,000

And,

Index Value Today is

= ($24 × 660,000 + $26 × 560,000 + $67 × 260,000)

= $15,840,000 + $14,560,000 + $17,420,000

= $47,820,000

Now the return is

= ($47,820,000 - $45,780,000) ÷ ($45,780,000)

= 4.46%

6 0

3 years ago

On January 1, 2020, Scottsdale Company issued its 12% bonds in the face amount of $3,000,000, which mature on January 1, 2030. T

BARSIC [14]

Answer:

It is $329,209.31

Explanation:

Please attached sheet for computation.

Download xlsx

5 0

4 years ago

Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh

Marysya12 [62]

<span>1) - we see here that each college is different, so the answer is that they are not competitive because they are not not homogenous - since they can for example not all offer the same courses 2) This is a monopoly - they have the exclusive right to provide some service! it's not a competetive market (other companies don't have free entry). 3) Here there are not too many sellers - it's just a few companies, so people alsco can't choose from too many options. 4) this is a true competitive market - it has a free entry, many sellers and the product is homogenous!</span>

3 0

3 years ago

Harper Company lends Hewell Company $40,000 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financ

igor_vitrenko [27]

Answer:

Option (c) is correct.

Explanation:

Given that,

Harper Company lends Hewell Company = $40,000

on March 1,

Accepting a four-month, 6% interest note.

The adjusting entry by the company would be related to interest for 1 month in the month of march:

Interest accrued would be:

$=Lending\ amount\times\ interest\ rate\times time\ period$

$=40,000\times 0.06\times \frac{1}{12}$

= $200

Therefore entry for interest receivable would be:

Interest Receivable A/c Dr. $200

To Interest revenue $200

7 0

3 years ago

g Assume that the reserve requirement is 11.69 percent. Banks do not hold excess reserves and there is no cash held by the publi

Katarina [22]

Answer:

$6.90 million

Explanation:

The computation is shown below:

Given that

The Reserve requirement is 11.69%

And, the money supply is $59 million

Based on the above information

First the money multiplier should be find out i.e.

= 1 ÷ 0.1169

= 8.55

Now the amount that need to buy is

= $59 ÷ 8.55

= $6.90 million

Hence, the federal reserve required to purchase $6.90 million worth of bonds

4 0

3 years ago