Concord Inc. had beginning inventory of $11,900 at cost and $21,000 at retail. Net purchases were $140,679 at cost and $183,000 at retail. Net markups were $10,900, net markdowns were $7,500, and sales revenue was $132,700. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Answer:

The answer is Balance sheet accounts are overstated and income statement accounts are understated.

Explanation:

Answer:

a. 480

Explanation:

The computation of the economic order quantity is given below:

[tex]EOQ = \sqrt{\frac{2\times annual \ demand \times ordering\ cost }{carrying \ cost}} \\\\= \sqrt{\frac{2\times 3600\times \$32}{\$1} }[/tex]

= 480 units

The carrying cost could be determined below:

= $4 × 25%

= $1

hence, the carrying cost is $1

Therefore the economic order quantity is 480

Thus, the correct option is a.

Answer:

2) Product was perfectly positioned (because the segment moves each month, this can occur only once each year).

Explanation:

The following conditions that contribute 100 as a perfect score is

a. The product should be priced at the bottom range

b. The product contains 100% awareness & 100% accessibility

c. The customer satisfaction needed 100

But the product that is perfect positioned so the same would not be contributed as 100%

Since ages & distance from the ideal spots varies so the score varies month to months

Answer:

WACC= 5.76%

Explanation:

The weighted average cost of capital (WAAC) is the average cost of all the various sources of long-term finance used by a business weighted according to the proportion which each source of finance bears to the the entire pool of fund.  

To calculate the weighted average cost of capital, follow the steps below:  

Step 1: Calculate the cost of Debt

The yield to maturity to Maturity can be used to work out the cost of debt using the formula below:

YM =( C + F-P/n) ÷ ( 1/2× (F+P))

C- annual coupon,  

F- face value ,

P- current price,  

n- number of years to maturity

YM - Yield to maturity

C- 6.2%× 1000 =62 , P- 1.05×1000= 1,050,  F- 1000

AYM = 62 + (1000-1050)/15 ÷ 1/2× (1000+1050)

= 58.66 ÷ 1025

 Yield to maturity =5.7%

Cost of debt= 5.7%

Step 2: Calculate the cost of Equity

Using the CAPM , the cost of equity can be worked out as follows:  

E(r)= Rf +β(Rm-Rf)  

E(r) =? , Rf- 4.2%, Rm-8%  β- 1.08

E(r) = 4.2% + 1.08×(8-4.2) = 8.3%

Cost of equity= 8.3%

Step 3: Calculate the market value of  sources of finance

Market value of equity = 52×340,000=  17,680,000.00

Market value of debt = 7,000×1,000×105 =  735,000,000.00

Step 4: Calculate the WACC

Source    cost      Market value       cost× market value

Equity      8.3%        17,680,000                 1,467,440.00

Debt        5.7%         735,000,000               41,895,000.

                               752,680,000.              43,362,440.

WACC=  (43,362,440/ 752,680,000) × 100

           = 5.76%

WACC= 5.76%

Answer:

Crystal Displays Inc.

The amount of desired profit from the production and sale of the flat panel displays is:

= $225,000

Explanation:

a) Data and Calculations:

Investment in assets = $1,500,000

Production and sales units = 5,000

Cost of production and sales:

Variable costs per unit:

Direct materials                    $120  

Direct labor                              30

Factory overhead                    50

Selling and

administrative expenses        35

Total variable cost per unit $235

Fixed costs:

Factory overhead                             $250,000

Selling and administrative expenses 150,000

Total fixed costs                              $400,000

Total production costs:

Variable production costs =  $1,000,000 (5,000 * $200)

Fixed factory overhead             250,000

Total production costs          $1,250,000

Total selling and administrative expenses:

Variable selling and admin.     $175,000

Fixed selling and admin.            150,000

Total selling and admin. exp. $325,000

Total costs of production and sales = $1,575,000

Target return on invested assets =         225,000 ($1,500,000 * 15%)

Total expected sales revenue =          $1,800,000

Price per unit = $360 ($1,800,000/5,000)

Answer:

um

Explanation:

Answer:5821.60

Explanation:

Just done it to

Answer:

Particpating, having to ability to drink a lot of coffe, being energetic, concertrating.

Explanation:

Answer:

Answer D

Explanation:

Please give brainliest :D

do you want the answer or people's numbers

Answer:

Sales volume variance $26,250 Favorable

Explanation:

The sales volume variance is calculated as the difference between the budgeted and the actual sales volume multiplied by he standard contribution per unit

                                                                       Units

Budgeted sales units                                 225,000

Actual sales units                                       230,000

Sales volume                                              5,000 favorable

Standard contribution(9-3.75)                   × $5.25

Sales volume variance                            $ 26,250

Sales volume variance                        $26,250 Favorable

Note standard contribution = standard selling price - standard variable cost

Answer:

$225

Explanation:

Calculation to determine your net profit or loss on this investment

Using this formula

Net profit or Loss= (Strike price - Value of stock at expiration - Premium paid) x 3 x 100

Let plug in the formula

Net profit or Loss= ($ 45 - $ 42.50 - ß) x 300

Net profit or Loss= $ 225

Therefore your net profit on this investment is $225

Answer:

$195,840

Explanation:

A purchases budget is is usually prepared to determine material requirements to meet the production targets.

Nevis Motors

Materials Purchases Budget for the Month of August

Material requirement for production (1,100 x 0.5)                             550

Add Budgeted Closing Materials Inventory (980 x 0.5 x 10%)           49

Total Required Materials                                                                     599

Less Budgeted Opening Materials Inventory (1,100 x 0.5 x 10%)     (55)

Budgeted Purchases                                                                           544

Cost per ounce                                                                                  $360

Total Budgeted Purchases cost                                                 $195,840

Answer:

it's false.. because those are not the various types of account.

Answer:

Under the retrospective approach to accounting for changes in accounting principles,

a journal is made to adjust the firm's Retained earnings balance to reflect the cumulative effect of the accounting principle change.

Explanation:

A change in an accounting principle refers to a change in the accounting method.  An example is using a different depreciation method (straight-line instead of double-declining method) or switching between Weighted-Average to LIFO inventory valuation method.  Where there is a change in accounting principle, the change is applied retrospectively to the earliest period when financial statements are presented.  The purpose is to ensure that the comparative financial statements reflect the new application of the accounting principle just as the current financial statements do.  However, this cannot be done if it were impractical.

Answer:

The reward-to-risk ratios for Stocks Y and Z are 7.22 and 5.50 percent, respectively. Since the SML reward-to-risk is 6.70 percent, Stock Y is undervalued and Stock Z is overvalued.

Explanation:

Market risk premium is 6.7%

Reward-to-risk ratio of Stock = (Expected return of the Stock - Risk-free rate) / Beta of the Stock

Using equation (1), we therefore have:

Reward-to-risk ratio of Stock Y = (18.2% - 5.2%) / 1.8 = 7.22%

Reward-to-risk ratio Stock Z = (9.6% - 5.2%) / 0.8 = 5.50%

Since the β of the market is one, it implies that SML reward-to-risk is 6.70 perecent.

Therefore, we have:

The reward-to-risk ratios for Stocks Y and Z are 7.22 and 5.50 percent, respectively. Since the SML reward-to-risk is 6.70 percent, Stock Y is undervalued and Stock Z is overvalued.

Answer:

THANKSSSSSSSSSSSSSSSSSSS SO MUCH

have a good day :)

Explanation:

Answer:

[tex] \infty \infty \infty \infty \infty \infty [/tex]

Answer:

377.50

Explanation:

Answer: 497.12

Explanation: just got it right on the test

Explanation:

Efficiency reduces hunger and malnutrition because goods are transported farther and quicker. Also, advances in efficiency allow greater productivity in a shorter amount of time. Efficiency is an important attribute because all inputs are scarce.

Efficiency is an important Economic goal because it reduces the cost of production, gives highest output with less input and aims at minimum wastage of resources which in return reduces cost of goods and services for consumers.

Efficiency is the maximum level of performance that requires the fewest inputs and produces the greatest amount of output.

Economic efficiency is the distribution or allocation of all goods and factors of production in an economy to their most valued uses while reducing or eliminating waste.

Every country in the globe strives to achieve specific goals in order to become an ideal and stable economy. Countries put a lot of effort towards achieving these objectives. Every nation faces unique problems brought on by many variables that impede its development and expansion.

Hence, governments try to retain certain targets and seek to reach a given degree of growth within a year. These objectives are known as macroeconomics objectives or Economic goal.

Economic growth, full employment, price stability, economic freedom, equity, efficiency, stable financial market are some of the Economic goals that a country strive to achieve to grow and develop as whole.

scarcity is one of the important factor that impacts the growth of the country and its goals. A type of resource's scarcity can reduce profitability, slow economic growth, and raise prices. Businesses modify their operations to be as effective as feasible given their conditions using their understanding of a resource's scarcity. efficiency plays vital role in using those scarce resources to produce more output, in this way efficiency is very useful and important in a country to achieve its economic goals.

Supporting answer

To learn more about efficiency here https://brainly.com/question/23879464

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Answer:

Fong Sai-Yuk Company

a. Journal Entries:

Debit Purchases $2,020

Credit Accounts payable $2,020

To record purchases of goods on account for the month.

Debit Accounts receivable $2,590

Credit Sales revenue $2,590

To record the sale of goods on account for the month.

Debit Sales revenue $2,590

Credit Income Summary $2,590

To close the account to the income summary.

Debit Income Summary $2,790

Credit Purchases $2,020

Credit Ending Inventory $770

To close the accounts to the income summary.

b. Computation of the Gross Profit using the periodic system:

Sales revenue                       $2,590

Cost of goods:

Opening inventory    $500

Purchases                 2,020

Less Ending inventory 770    1,750

Gross profit                            $840

c. Using the Perpetual system:

Journal Entries:

Jan. 4  Debit Accounts receivable $640

Credit Sales revenue $640

To record the sale of goods on account.

Jan. 4 Debit Cost of goods sold $400

Credit Inventory $400

To record the cost of goods sold.

Jan. 11   Debit Inventory  $900

Credit Accounts payable $900

To record the purchase of goods on account.

Jan. 13 Debit Accounts receivable $1,050

Credit Sales revenue $1,050

To record the sale of goods on account.

Jan. 13 Debit Cost of goods sold $700

Credit Inventory $700

To record the cost of goods sold.

Jan. 20 Debit Inventory $1,120

Credit Accounts payable $1,10

To record the purchase of goods on account.

Jan. 27 Debit Accounts receivable $900

Credit Sales revenue $900

To record the sale of goods on account.

Jan. 27 Debit Cost of goods sold $650

Credit Inventory $650

To record the cost of goods sold.

Jan. 31:

Debit Income Summary $1,750

Credit Cost of goods sold $1,750

To close the account to the income summary.

Debit Sales Revenue $2,590

Credit Income Summary $2,590

To close the account to the income summary.

d. Computation of the gross profit:

Sales revenue                       $2,590

Cost of goods                          1,750

Gross profit                              $840

Explanation:

a) Data and Calculations:

Date      Description Units  Unit Cost  Unit Price Total Cost Total Revenue

Jan. 1    Inventory        100         $5                             $500

Jan. 4   Sale                  80                            $8                            $640

Jan. 11   Purchase       150          $6                               900

Jan. 13  Sale               120                             $8.75                      1,050

Jan. 20 Purchase      160           $7                             1,120

Jan. 27 Sale               100                             $9                             900

Total goods available  410                                       $2,520

Total goods sold        300                                                       $2,590

Ending inventory         110

Using FIFO under periodic system:

Ending inventory = 110 * $7 = $770

Cost of goods sold = Cost of goods available minus cost of ending inventory

= $2,520 - $770

= $1,750

Using FIFO under perpetual system:

Cost of goods sold:

Jan. 4   Sale                       $400 (80 * $5)

Jan. 13  Sale                         700 (20 * $5 + 100 * $6)

Jan. 27 Sale                         650 (50 * $6 + 50 * $7)

Total cost of goods sold $1,750

Ending inventory = $2,520 - $1,750 = $770

Answer:

The name of the product is Coke and this is a Pestel Analysis.

PESTEL is short for Political, Economic, Social, Technological, Environmental, and Legal. All representing factors that can and will impact the operations of any business.

Explanation:

Coca-Cola is a global company with is in the business of providing refreshments to its customers by the sale of Soda or soft drinks. Because of the nature of the product, the industry in which they play is heavily regulated and they must use the best technology in order to stay relevant, competitive, and dominant in the market.  

Political factors

One of the regulators to whom Coca-cola must dance to its tune is the Food and Drugs Administration (FDA) a Federal Agency of the Department of Health and Human Services in the US. All Coca-cola product must meet their requirements as stipulated by law. If the laws enforced by FDA changes it could adversely affect the distribution, taxes, accounting, and all other operations of Coca-Cola.  

Economical factors

Some economic factors that may affect a business like Coca-cola are:

Interest rates, exchange rates, recession, Inflation, Taxes, Demand / Supply.

One critical factor in this group which the company must be on the lookout for always is changes in taste and demand. Consumers are making a shift globally towards more healthy alternatives to soda. This is because, as the world becomes more sedentary due to shifts in global economic patterns as induced by the pandemic, risk factors relating to health care on the increase. Hence consumers want to ensure that they cut down on foods and beverages that increase their predisposition to conditions such as obesity, cancer, high blood pressure, etc.

To stay relevant and competitive, the company has to seek out healthy drinks that speak to all the various localities (which are over 200 countries).

Social factors

Examples of social factors that can affect a business are:

e-commerce adaptation, purchasing habits, ease of adoption of technology, changes in customer service expectation, the education level of consumers.

The purchasing habit for Coca-cola is changing in lots of countries. People are becoming more predisposed to buying products online. How will that affect the demand for the company's products? Will it increase as online food orders increase? can the company position itself to take advantage of the trend? If yes, then it is making taking advantage of its changing social environment.

Technological factors

Adoption of best-in-class machinery is one of the strategies that has enabled Coca-Cola to achieve higher quality and quantity of its products. Speed of delivery, processes that are optimized for the lowest costs and highest outputs are now being made possible with advances in technology. Coca-cola is taking advantage of technology especially in regions such as Europe.  

Legal factors

Product liability, third-party liability, employer-employee (labor) relations, compliance, and regulatory factors are all within the scope of Coca-Cola's legal universe.  Constantly managing this space of its operations will keep it from experiencing avoidable erosion of its bottom line and brand equity.

Environmental factors

Companies no longer compete on the basis of profitability alone. Global companies are the target of onslaughts from those who campaign against the degradation of the environment. One way they do so is to discourage the consumption of the goods of a company whose activities are harming the environment.

So companies all over the world are not competing based on the triple bottom line criteria: People, Planet, Profit.

This answers the questions whether

Cheers

Answer: $4,800

Explanation:

First find the Annual holding cost:

= Average inventory * Cost of holding a unit

= 500/2 * 1 * 12 months

= $3,000

Then find the Annual ordering cost:

= Expected units to be sold/ Units ordered * Ordering cost

= 9,000/500 * 100

= $1,800

Annual Inventory cost = Annual holding cost + Annual ordering cost

= 3,000 + 1,800

= $4,800

Answer:

See below

Explanation:

With regards to the above, Jaheem's business profit increase is calculated as

= Fixed cost + Desired profit/Contribution margin

Given that;

Fixed cost = $400,000

Desire profit = $22,000

Contribution margin = $9.4

= $400,000 + $22,000/($24 - $14.6)

= $422,000/$9.4

= $44,894

Therefore, increase on profit

= $44,894 - $22,000

= $22,894

Explanation:

Occupancy rate is the ratio of rented or used space to the total amount of available space.

The potential gross rate is the total rental income a property can produce if all units were fully leased and rented at market rents with a zero vacancy rate.

They relate through that they both allow for renting?

Answer:

Debit Interest Expense $25,700; credit Discount on Bonds Payable $4,000; credit Cash $21,700.

Explanation:

The journal entry to record the first interest payment is given below:

Bond interest expense $25,700

          To Discount on bond payable (($620,000 - $596,000) ÷ 6 years) $4,000

          To Cash ($620,000 × 7% ÷ 2) $21,700

(being the first interest payment is recorded)

Here interest expense is debited as it increased the expense and credited the discount and cash as it decreased the liabilities and assets

Answer:

See

Explanation:

1. Break even point in units

= Fixed cost / Selling price per unit - Variable cost per unit

Given that

Fixed cost = $600,000

Selling price per unit = $375

Variable cost per unit = $300

Break even point in units = $600,000 / ($375 - $300)

= $600,000 / $75

= 8,000 units

2. Break even in sales

= Fixed cost / Selling price unit - Variable cost per unit × Selling price per unit.

=[ $600,000 / ($375 - $300) ] × $375

= 8,000 × $375

= $3,000,000

Answer:

Priestly Inc.

A. Debit AR 120,000

Credit REV 120,000

To record the sales on account for June.

B. Debit BAD 3,600

Credit ADA 3,600

To record the bad debts expense for the month.

C. The balance of net Accounts Receivable after the two entries above is $116,400

D. Debit ADA 2,300

Credit AR 2,300

To write-off McKay's account.

E. Priestly's balance of net Accounts Receivable after the write-off is $$114,100.

F. Debit AR 1,200

Credit ADA 1,200

To reinstate a previously written-off amount from McKay's account.

G. Debit CASH 1,200

Credit AR 1,200

To record the receipt from McKay on account.

H.  Priestly's balance of net Accounts Receivable after the entries pertaining to McKay is $114,100.

Explanation:

Data and Analysis:

A. Accounts receivable $120,000 Sales revenue $120,000

B. Bad Debts Expense $3,600 Allowance for Doubtful Accounts $3,600

C. Allowance for Doubtful Accounts $2,300 Accounts Receivable $2,300

D. Accounts Receivable $1,200 Allowance for Doubtful Accounts $1,200

E. Cash $1,200 Accounts Receivable $1,200

T-account:

Accounts Receivable

Account Titles                     Debit        Credit     Balance

A. Sales revenue         $120,000                     $120,000

B. Allowance for Doubtful Accounts $3,600     116,400

C. Allowance for Doubtful Accounts $2,300     114,100

D. Allowance for

Doubtful Accounts           1,200                        115,300

E. Cash                              1,200                         114,100

Answer:

Plum Corporation

The best choice is:

B. Assume that Plum will distribute its after-tax earnings each year to its shareholders. Should Plum operate as a C corporation or an S Corporation?

Explanation:

a) Tax is the greatest difference existing between a C corporation and an S corporation.  With a C corporation, the earnings are taxed twice.  When the C corporation earns income, it is taxed as a corporation.  When it distributes the after-tax earnings, the owners are taxed again in income tax.  This does not happen with an S corporation.  The S corporation does not pay corporate tax, instead, its owners pay their individual income taxes because the corporation's incomes are passed through the members.

Answer:

false po ate or kuya

Answer:

false

Explanation:

Time management taking away free time isn't a plus, and that's not what it's supposed to do in the first place