It is a statement of the owners equity. I hope this helps :)
Answer:
COGS= $5,910
Explanation:
Giving the following information:
Beginning inventory= 90 units at $19
Purchases 315 units at $20
Purchases 45 units at $22
Ending inventory= 150 units
First, we need to determine the number of units sold:
Units sold= 450 - 150= 300 units
Under the FIFO (first-in, first-out) method, the cost of goods sold is calculated using the cost of the first units incorporated:
COGS= 90*19 + 210*20= $5,910
Answer:
putting a halt on the layoffs
Explanation:
This strategy should begin by putting a halt on the layoffs. This should be top priority since the layoffs themselves are the main cause for the criticism that the company is receiving and this criticism is the sole reason as to why its market position and staff productivity has fallen drastically. People think the company is failing and the staff is scared that they will eventually be fired. By stopping layoffs and waiting for a market recovery you give other better options a chance to arise and more efficient strategies to take effect.
Answer:
Explanation:
Return on common stockholders' equity for 2015:
(Net income - preferred stock)/Equity
(63,000-5,400)/2,400,000 = 57,600/2,400,000 = 2.4%
Return on common stockholders' equity for 2015:
(99,000-5,400)/3,000,000 = 93,600/3,000,000 = 3.12%
From these calculations, it is clear that return has improved.
Answer: Control activities
Explanation: In simple words, control activities refers to the policies and procedures that help the management to reduce the risk they have identified. These activities reports as a support structure for other operating activities of the business.
In the given case, hexa company has policies and procedures that supports managements initiatives. Hence the given case depicts the control activities element.
