assuming that prices rise over time, which inventory cost flow assumption will result in the lowest ending inventory?

The Crunchy Potato Chip Company sells chips in boxes with a net weight of 846 grams per box . Each box contains ten individual 3

Alinara [238K]

Answer:

0.8

Explanation:

Given:

Number of chips contained in each box = 10

Weight of each packet of chips = 3 ounce

Average weight per box = 853 grams

Upper specification limit of the weight = 846 + 12 grams = 858 grams

Lower specification limit of the weight = 846 - 12 grams = 834 grams

Standard deviation, σ = 5 grams

Now,

Capability index = $\frac{\textup{Upper limit - Lower limit}}{6\sigma}$

or

Capability index = $\frac{858 - 834}{6\times5}$

or

Capability index = 0.8

7 0

3 years ago

Santiago Systems Income Statement For the Year Ended December 31, 20X2 Amount Percent Net sales $5,345,000 100.0% Less: Cost of

solmaris [256]

Answer:

1)Dividend per share = 1

2)Dividend yield = 5%

3)Dividend payout ratio = 0.39

Explanation:

As per the data given in the question,

Net sale = $5,345,000

Cost of goods sold = $3,474,250

Gross margin = $5,345,000 - $3,474,250 = $1,870,750

Operating expenses = $1,140,300

Operating income = $1,870,750 - $1,140,300 = $730,450

Interest expenses = $27,000

Income before taxes = $730,450 - $27,000 = $703,450

Income tax(40%) = $281,380

Net in come = $422,070

Preference of dividend = $40,000

Earnings available to common stockholders = $422,070 - $40,000 =$382,070

Common stock = $150,000

Earning per share = $382,070÷$150,000 = 2.55

Dividend to common stockholders = $150,000

Dividend per share = $150,000÷$150,000 = 1

Market price of common share = $20

Dividend yield = (Dividend per share×100÷market price of common share) = 5%

Dividend payout ratio = Dividend per share÷earning per share =1÷2.55 = 0.39

3 0

3 years ago

Regarding the statute of limitations on additional assessments of tax by the IRS, select the applicable date in each of the foll

-Dominant- [34]

Answer:

A) The income tax return for 2018 was filed on March 3, 2019. The three-year statute of limitations will begin to run on:

April 16, 2019 (the next day after the tax deadline)

B) The income tax return for 2018 was filed on August 13, 2019. The statute of limitations will begin to run on:

August 13, 2019 (the same day the taxes were filed)

C) The income tax return for 2018 was prepared on March 31, 2019, but was never filed. Through some misunderstanding between the preparer and the taxpayer, each expected the other to file the return. The statute of limitations:

If the taxes were not filed, then the statute of limitations cannot begin to run.

D) The income tax return for 2018 was never filed because the taxpayer thought no additional tax was due. The statute of limitations:

If the taxes were not filed, then the statute of limitations cannot begin to run.

3 0

4 years ago

A t-shirt maker would be willing to supply 75 t-shirts per day at a price of $18.00 each. At a price of $20.00, the t-shirt make

pav-90 [236]

Answer:

c. 2.71, and supply is elastic.

Explanation:

The formula to compute the price elasticity of supply is shown below:

Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)

where,

Change in quantity supplied is

= Q2 - Q1

= 100 t-shirts - 75 t-shirts

= 25 t-shirts

And, an average of quantity supplied is

= (100 + 75) ÷ 2

= 87.5

Change in price is

= P2 - P1

= $20 - $18

= $2

And, the average of price is

= ($20 + $18) ÷ 2

= 19

So, after solving this, the price elasticity of supply is 2.71

3 0

3 years ago

When would a business owner have the incentive to raise prices?

belka [17]

The value of the item. ‍♀️

6 0

3 years ago