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3 years ago

5

Abbott Company purchased $7,100 of merchandise inventory on account. Abbott uses the perpetual inventory method. How does this t

ransaction affect the financial statements

1 answer:

yaroslaw [1]3 years ago

6 0

The answer is b I hope this helps

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Sheridan Corp. paid a dividend of $2.30 yesterday. The company's dividend is expected to grow at a steady rate of 5 percent for

qaws [65]

Answer:

$24.15

Explanation:

The formula for determining is the present value of a cash flow in perpetuity provided below:

share price=last dividend*(1+terminal dividend growth rate)/(required rate of return-terminal dividend growth rate)

last dividend=$2.30

terminal dividend growth rate=5%

required rate of return=15%

share price=$2.30*(1+5%)/(15%-5%)

share price=$2.415 /10%

share price=$24.15

6 0

3 years ago

3. Explain the success of the training program using Conditioning Theory and Social Cognitive Theory. For each theory: A. How do

qaws [65]

Answer:

you just explain how smart it is.

it can add more tecnoligy

Explanation:

3 0

3 years ago

At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000 units in inventory, 70% complete as to m

tigry1 [53]

Answer:

Equivalent Unit of Material = 120000 + (15000 × 40%)

Equivalent Unit of Material = 126000 units

Cost per Equivalent Unit of Material = (22400 + 229600) / 126000

Cost per Equivalent Unit of Material = 2 per unit

Equivalent Unit of Conversion Cost = 120000 + (15000 × 10%)

Equivalent Unit of Conversion Cost = 121500 units

Cost per Equivalent Unit of Conversion = (6250 + 540500) / 121500

Cost per Equivalent Unit of Conversion = 4.50 per unit

So answer is $2.00; $4.50

3 0

3 years ago

MC Qu. 94 A company uses a process... A company uses a process costing system. Its Assembly Department's beginning inventory con

Eddi Din [679]

Answer:

$0.43

Explanation:

Equivalent Units

Labor

% Completion Units

Units Completed and Transferred out 100% 109,500

Ending Work in Process 25% <u>11,800 </u>

Total Equivalent units <u>121,300 </u>

<u />

Particulars Amount

Beginning work in Process 10,700

Cost Added during May <u>42,000</u>

Total cost added during the year <u>$52,700</u>

<u />

Cost per Equivalent unit = Total cost added during the year / Total Equivalent units

Cost per Equivalent unit = $52,700 / 121,300 units

Cost per Equivalent unit = 0.43446002

Cost per Equivalent unit = $0.43

3 0

3 years ago

Ralph Chase plans to sell a piece of property for $170000. He wants the money to be paid off in two ways monica short-term not

Crazy boy [7]

Answer:

amount paid at a rate of 9% = 90000

amount paid at a rate of 7% = 170000-90000=80000

Explanation:

We have given total amount = $170000

Let amount paid at rate of 9% is x

Then amount paid at a rate of 7% = 170000-x

We know that sum of individual interest will be equal to total interest

So $0.09\times x+(170000-x)0.07=13700$

$9x+1190000-7x=1370000$

$2x=180000$

$x=90000$

So amount paid at a rate of 9% = 90000

And amount paid at a rate of 7% = 170000-90000=80000

3 0

3 years ago