Evaluating debt burden. Ted Phillips has a monthly take-home pay of $1,685; he makes payments of $410 a

Calculation of Cost of Goods Sold: Periodic Inventory System with Sales Returns and Allowances

andrey2020 [161]

Answer:

73,450 COGS

Explanation:

From the beginning inventory we add up purchase and freight cost and subtract the return made to the suplier and discount and allowance granted.

This will be the total cost available for sale.

Then we subtract the ending inventory to get the COGS

27,000 beginning inventory

+ 78,000 purchases

+ 350 freight-in

- 3,900 return and allowance

- 6,000 discount

95,450 good available for sale

- 22,000 ending inventory

73,450 COGS

The sales return impact the sales revenue not the COGS

7 0

3 years ago

Kurt has 25/50/25 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a store

larisa86 [58]

Answer:

A. $25,000

B. $4,300

Explanation:

A. Calculation to determine What amount will the insurance company pay for the damages

Using this formula

Insurance payment=(Claim amount, Policy limit)

Let plug in the formula

Insurance payment= $25,000

Therefore the amount that the insurance company will pay for the damages is $25,000

B. Calculation to determine What amount will Kurt have to pay

Using this formula

Personal liability=Claim amount - Insurance payment

Let plug in the formula

Personal liability=($9,000 + $20,300) - $25,000

Personal liability=$29,300-$25,000

Personal liability=$4,300

Therefore Kurt have to pay $4,300

8 0

3 years ago

kipiarov [429]

a volcanic island forms and subsides

3 0

3 years ago

Company ABC operates a nail salon that specializes in artificial nails. It has two primary __________, women who get their nails

sladkih [1.3K]

Answer:

Company ABC has two primary segments.

Explanation:

Market segmentation involves splitting up an organization's clients into groups by putting people with similar characteristics in one group.

Similar characteristics could be age,sex,level of income and even level of literacy.

By segmenting markets,an organization is able to identify the customers who contribute most to its bottom line and decide on how to deal with them so as to keep them satisfied and ensured their repeat business

7 0

3 years ago

Zephyr Electricals is a company with no growth potential. Its last dividend payment was $4.50, and it expects no change in futur

VARVARA [1.3K]

Answer: $50

Explanation:

We can use the Gordon Growth Model of Stock Valuation. The formula is thus,

P = D1 / r – g

D1 = the annual expected dividend of the next year

r = rate of return

g = the expected dividend growth rate (assumed to be constant)

There is no growth potential and dividends are expected to stay the same so no growth rate and D1 will be the same as D0.

Plugging that into the formula therefore will give us

P = D1/r

P= 4.5/0.09

= $50

Current Stock Price is $50.

6 0

3 years ago