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Burka [1]
3 years ago
9

Arbor Corporation reports the following: Sales revenue $183,000; ending inventory $12,600; beginning inventory $15,600; purchase

s $64,000; purchases discounts $4,000; purchase returns and allowances $1,500; freight-in $1,000; freight-out $500. Calculate the company's cost of goods sold.
Business
1 answer:
spin [16.1K]3 years ago
4 0

Answer: Cost of goods sold = $62500

Explanation:

Given that,

Sales revenue = $183,000

Ending inventory = $12,600

Beginning inventory = $15,600

purchases = $64,000

purchases discounts = $4,000

purchase returns and allowances = $1,500

freight-in = $1,000

freight-out = $500

Cost of goods sold = Beginning inventory + purchases - purchases discounts - purchase returns and allowances + freight-in - Ending inventory

= $15,600 +  $64,000 - $4,000 - $1,500 + $1,000 - $12,600

= $62500

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Answer:

$59,309

Explanation:

Years  Cash flow   PV Factor at 10%   Present value of cash flows

0         225,000                1.00000                    225,000

1          75,000                   0.90909                    68,182

2          75,000                  0.82645                    61,983

3          75,000                  0.75131                       56,349

4          75,000                  0.68301                      51,226

5          75,000                  0.62092                     <u>46,569</u>

Benefit of remodeling project                          <u>$59,309</u>

Note: Year 0 PV factor = 1/(1+10%)^0 = 1

4 0
3 years ago
Create the following lists. There are ten names and five lists of test scores. The correspondence between the names and the test
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Answer:

Create the following lists. There are ten names and five lists of test scores. The correspondence between the names and the test scores are determined by positions. For example, the test scores for Cindy are 67, 92, 67, 43, 78. Drop the lowest of the five test scores for each student and average the rest and determine the letter grade for that student. Make sure your printout is the same as mine with the same column widths

lowest of the five scores is 43

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Average the rest= 67+92+67+78/4

Average= 76

The grade is A irrespective of the grading point used

Explanation:

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An end-of-aisle price promotion changes the price elasticity of a good from −2 to −3. Suppose the normal price is $34, which equ
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Answer:

MC = $17

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3 years ago
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