Answer:
The correct balance for ending inventory is $390,000.
Explanation:
The first point discussing about the consigned goods requires no adjustment as the goods sent on consignment are reported as part of the consignor's inventory until they are sold and these goods are owned by the consignor In our case Bedrock Company is the consignor thus the amount $72000 of consigned goods which is included in Bedrock's inventory of 412000 is correct.
However, the amount of office supplies worth $22000 will be deducted from the ending inventory balance as this is not an inventory that Bedrock is keeping with the intention to resale. The office supplies are for business's own use thus this will be deducted from inventory amount.
The balance of ending inventory will be,
- 412000 - 22000 = $390,000
Answer:
C i beleive is the answer
Explanation:
If right please give me brainliest answer
Answer:
$33.93
Explanation:
First, find the present value of each year's dividend at 15% required rate of return;
(PV of D1 ) = 4.40 / (1.15) = 3.8261
(PV of D2 ) = 4.50 / (1.15²) = 3.4026
Next, find terminal Cashflow;
D3 = D2 (1+g)
D3 = 4.50 (1.02) = 4.59
(PV of D4 onwards ) = 
Next sum up the PVs to find price;
=3.8261 + 3.4026 + 26.6977
= 33.926
Therefore, this stock is worth $33.93 today
