Which of the following is NOT an advantage of paying bills online?

Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $16,100 under terms of

saw5 [17]

Answer:

$7,473

Explanation:

Calculation to determine the amount of gross margin that results from these transactions

First step is to calculate COGS

COGS=$16,100-($16,100 * 0.03)+$610

COGS=$16,100-$483+$610

COGS=$16,227

Now let calculate the Gross margin

Using this formula

Gross margin = Sales revenue - COGS

Let plug in the formula

Gross margin=$23,700 - $16,227

Gross margin =$7,473

Therefore the amount of gross margin that results from these transactions is $7,473

6 0

3 years ago

Assume that on September 30, 2017, AirUS, an international airline based in Germany, purchased a Jumbo aircraft at a cost of

kaheart [24]

Answer:

A.7,650,000

B.2,677,500

C.17,000,000

Explanation:

DATA:

purchase cost = 42,500,000

Useful life = 5 years

Estimated useful life in miles = 5,000,000 miles

Salvage value = 4,250,000

Actual useful life in miles = 350,000miles

Solution

A. Depreciation (straight-line)= $\frac{Cost-residualvalue}{Usefullife}$

Depreciation( straight-line)= $\frac{42,500,000-4,250,000}{5}$

Depreciation( straight-line)= 7,650,000

B Depreciation (units of production)= (cost-Salvage value) x $\frac{Actualunits}{Estimatedunits}$

Depreciation (units of production)= (42,500,000-4,250,000)x $\frac{350,000}{5,000,000}$

Depreciation (units of production) = 2,677,500

C. Depreciation (Double declining) = 2 x cost x depreciation rate

Depreciation (Double declining) = 2 x 42,500,000 x 0.2(w)

Depreciation (Double declining) = 17,000,000

Working

Depreciation Rate = 1/Useful

Depeciation Rate = 1/ 05 = 0.2

6 0

4 years ago

Talus Inc. is considering a financial restructuring. Talus estimates its cost of debt is 6% and its cost of equity is 15.5%. Tal

adoni [48]

Answer:

WACC incorrect must be selected is the correct answer to this question.

Explanation:

The weighted average cost of capital is the amount of the valuation of the security x the cost of the security concerned. Thus, if the weight of defense increases at a high rate, the total average rate of assets rises as well.

In our present scenario, the weight of equity rises (as equity increased to repay the debt), and debt decreases (as debt is redeemed) and the cost of equity is 15.5 percent, which is higher than the cost of debt by 6 percent. As a result, the weighted average cost of capital increases.

5 0

3 years ago

Sea Green Enterprises reports the following assets and liabilities on its balance sheet. Net Book Value Fair Market Value Assets

sukhopar [10]

Answer:

A. $3,275,000

B. $3,275,000

C. $3,075,000

D. $3,075,000

Explanation:

A. Calculation to determine how much of the judgment is the entity and its owners liable if Sea Green is a SOLE PROPRIETORSHIP,

First step is to calculate the FMV of the net assets

FMV of the net assets=($925,000 - $200,000)

FMV of the net assets =$725,000

Now let calculate the amount the owner is liable of

Amount liable=($10,000,000-$6,000,000)-$725,000

Amount liable= ($4,000,000 - $725,000).

Amount liable=$3,275,000

Therefore the amount of the judgment that the entity and its owners liable if Sea Green is a SOLE PROPRIETORSHIP is $3,275,000

B. Calculation to determine how much of the judgment is the entity and its owners liable if Sea Green is a PARTNERSHIP

First step is to calculate the net FMV of the

net assets

Net FMV of the

net assets =($925,000 - $200,000)

Net FMV of the

net assets= $725,000

Now let calculate the partners are liable of

Amount liable=($10,000,000-$6,000,000)-$725,000

Amount liable= ($4,000,000 - $725,000).

Amount liable=$3,275,000

Therefore the amount of the judgment that the entity and its owners liable if Sea Green is a PARTNERSHIP is $3,275,000

C. Calculation to determine how much of the judgment is the entity and its owners liable if Sea Green is a C corporation

Corporate debts=($10,000,000-$6,000,000)-$925,000

Corporate debts=($4,000,000 - $925,000).

Corporate debts =$3,075,000

Therefore the amount of the judgment that the entity and its owners liable if Sea Green is a C corporation is $3,075,000

D. Calculation to determine how much of the judgment is the entity and its owners liable if Sea Green is a S corporation

Corporate debts=($10,000,000-$6,000,000)-$925,000

Corporate debts=($4,000,000 - $925,000).

Corporate debts =$3,075,000

Therefore the amount of the judgment that the entity and its owners liable if Sea Green is a S corporation is $3,075,000

3 0

3 years ago

a manufacturing company has a beginning finished goods inventory of 15,100, raw material purchases of 18,500, cost of goods manu

galben [10]

Answer:

$30,300

Explanation:

cost of goods sold = opening inventory + cost of goods manufactured - closing inventory

= $15,100 + $33,500 - $18,300

= $30,300

The cost of goods sold for this company is $30,300

8 0

3 years ago