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Fofino [41]
2 years ago
15

Western Company recently lost its entire inventory in an earthquake. The following information is available from its accounting

records: Beginning Inventory: $5,000; Purchases: $18,000; Net Sales: $40,000;The company's average gross profit percentage is 40%. Using the gross profit method, a reasonable estimate of COGS for the past period would be:__________.1) $ 23,0002) $ 24,0003) $ 16,0004) $ 18,000
Business
1 answer:
harina [27]2 years ago
8 0

Answer: dont care

Explanation:

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Suppose in the spot market 1 U.S. dollar equals 1.3750 Canadian dollars. 6-month Canadian securities have an annualized return o
myrzilka [38]

Answer:

$1 = 1.372 CD

Explanation:

Spot rate, 1$ = 1.3750  Canadian dollars

Canadian securities annualized return = 6%

U.S. securities annualized return = 6.5%

Term = 6 month ≅(180 days)

Forward exchange rate in 180 days, 1$ = Spot rate * (1+US rate*6/12) / (1+CD rate*6/12)

= 1.3750 CD * (1 + 6%*6/12) / (1 + 6.5%*6/12)

= 1.3750 CD * (1 + 0.03) / (1 + 0.0325)

= 1.3750 CD * 1.03/1.0325

= 1.371670702179177 CD

= 1.372 CD

So, the the U.S. dollar-Canadian dollar exchange rate in the 180-day forward market is $1 = 1.372 CD

4 0
2 years ago
Taylor, the human resource manager at a large manufacturing firm, wants to fill an entry-level management position with an inter
Neporo4naja [7]

Answer:

human resources inventory

Explanation:

According to my research on different human resource tools, I can say that based on the information provided within the question to find this information she should consult the organization's human resources inventory. This is an inventory that holds a list of all the basic information regarding an employees education, skills, physical information, salary etc. Which is exactly what Taylor needs in order to see if any current employee can be considered a candidate for the new job.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
2 years ago
How many cases of bankruptcy cases are provided for in the bankruptcy code
tia_tia [17]
There are six types of bankruptcy cases that are provided for in the bankruptcy code, They are:

Chapter 7, Chapter 9, Chapter 11, Chapter 12, Chapter 13, Chapter 15

In short, Your Answer would be Option B

Hope this helps!
4 0
3 years ago
The U.S. government imposes a 25 percent tax on the selling price of any four-wheel-drive SUV that is brought into the U.S. by a
trapecia [35]

Answer:

An import tarif

Explanation:

An import tariff is a type of tax levied on the product bought from foreign nations. Tariff restricts the volume of goods and services brought into the country and making them expensive in the local market. Import tariffs serve as a source of revenue to the government and protect locally manufactured goods from unfair competition by imports.

The 25 percent tax imposed on all SUVs is an example of an import tariff. The person of the firm importing the vehicle must pat the government an amount equivalent to 25 percent of the value of SUV. Import tariffs make importing unattractive, thereby encouraging the consumption of domestic products.

6 0
3 years ago
Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the res
vladimir1956 [14]

Answer:

a) 12.23%

b)  12.94%

c) 14th month payment interest = $157.33

   14th month principal =  $369.50

d)  18th month payment interest = $142.04

    18th month payment interest = $384.79

e) 22nd month payment interest = $126.12

   22nd month payment interest = $400.71

Explanation:

price of truck = $15000

down payment = $1000

Loan amount = $14,000

assume monthly interest rate = r%

Loan amount after 1 year will be = 14000 * (1+r%)12

next we will determine the annuity factor = [  (1/r)-[(1/r)*(1/ (1+r)t)] ]

r = periodic interest rate , t = number of payments

monthly loan payment = $14000*(1+r%)12 / [  (1/r)-[(1/r)*(1/ (1+r)36)] ]

hence r = 1.019%

a) nominal interest rate

=  1.019% *12 = 12.23%

b) effective interest rate

= (1+1.019%)^12 -1 = 12.94%

attached below is the Amortization schedule

c) 14th month payment interest = $157.33

    14th month principal =  $369.50

d) 18th month payment interest = $142.04

    18th month payment interest = $384.79

e) 22nd month payment interest = $126.12

   22nd month payment interest = $400.71

3 0
3 years ago
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