Answer:
On the balance sheet, the inventory would appear as:
Inventory $248,000
Explanation:
In the notes to the accounts, the method of determining the cost and the method of valuing the inventory would be disclosed. It is not disclosed on the balance sheet, but on the notes to the accounts.
It would make the balance sheet appear unorganized to include details that should have been included in the notes. The presentation of information is very important in order to ensure that those reading the information understand it. Understanding is not aided by including information that could be displayed elsewhere.
8800 square feet are required in February.
<u>Explanation</u>:
- For one mirror 8 square feet of glass is needed. Bright needs to produce 700 units in February. For one square foot, the glass costs $3.
- February's production needs 5600 square feet of glass. So it equals 700 * 8 square feet per unit. The end product should be 5440 feet of glass.
- This should be 1700 * 8 square feet per unit. So the ending inventory should be 5440 + 5600 which should be 11,040 units. Already 2240 feet are at the beginning of the month.
- So 8800 square feet is required in this month.
The answer is 567.879 percent
Answer:
$151.72
Explanation:
Quarterly dividends of preferred stock = $2.75
Annual dividend of preferred stock = 4 * Quarterly dividend
Annual dividend of preferred stock = 4 * $2.75
Annual dividend of preferred stock = $11
Required return = 7.25% = 0.0725
Return = Dividend / Current price
0.0725 = $11 / Current price
Current price = $11 / 0.0725
Current price = 151.724138
Current price = $151.72
So, the preferred stock should sell for $151.72.
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