Answer:
Purchases is $3400 million
Explanation:
Cost of goods formula comes readily helpful in this case.
Cost of goods sold=beginning inventory+purchases-ending inventory
by arranging the formula,the purchases formula is given thus:
Purchases=cost of goods sold-beginning inventory+ending inventory
cost of goods sold is $2,900 million
ending inventory is $4,600 million
beginning inventory is $4,100 million
purchases=($2,900-$4,100+$4,600) million
purchases=3400 million
Answer: $235,844
Explanation:
Interest revenue = Total lease payments - Fair value of equipment
The lease payments are constant and so are an annuity and will be an annuity due because the first lease payment of such leases are made immediately.
Present value of lease payments = Annuity * Present value factor of Annuity due, 5 years, 12%
989,065 = Annuity * 4.0373
Annuity = 989,065 / 4.0373
= $244,981.79
Total lease payments = Lease payments * number of years
= 244,981.79 * 5
= $1,224,908.95
Interest revenue = 1,224,908.95 - 989,065
= $235,843.95
= $235,844
Answer:
17.64%
Explanation:
Precision aviation has a profit margin of 7%
The total assets turnover is 1.4
The equity multiplier is 1.8
Therefore the ROE can be calculated as follows
= Total assets turnover × equity multiplier × profit margin
= 1.4 × 1.8 × 7
= 17.64%
Hence the ROE is 17.64%
Answer: $1,600
Explanation:
The training hours per employee can be calculated by multiplying the Employee Training hours by the cost of training per employee.
From the Attached document, the Baldwin company does 80 hours of training for employees.
The Training costs per Employee is;
= 80 * 20
= $1,600
Answer:
locate near the major raw materials
Explanation:
