All categories

2 years ago

Based on the following data, estimate the cost of the ending merchandise inventory:

Business

1 answer:

Fittoniya [83]2 years ago

5 0

Answer:

$205,000

Explanation:

Given that,

Sales = $9,250,000

Estimated gross profit rate = 36%

Beginning merchandise inventory = $180,000

Purchases (net) = $5,945,000

Merchandise available for sale = $6,125,000

Estimated cost of merchandise sold:

= Sales(net) - Gross profit

= $9,250,000 - (36% × $9,250,000)

= $9,250,000 - $3,330,000

= $5,920,000

Cost of Ending Merchandise Inventory:

= Merchandise available for sale - Estimated cost of merchandise sold

= $6,125,000 - $5,920,000

= $205,000

You might be interested in

Darren has the option of investing in either Stock A or Stock B. There is a 45 percent chance that the return on Stock A will be

saw5 [17]

Answer:

15.95 %

16.35 %

Explanation:

Stock A.

Given:

Return expectation r1 = 45%

Probability expectation p1 = 25%

Return expectation r2 = 25%

Probability expectation p2 = 14%

Return expectation r3 = 30%

Probability expectation p3 = 4%

Expected Rate of Return = r1p1 + r2p2 + r3p3.........

= (45% x 25%) + (25% x 14%) + (30% x 4%)

= 11.25% + 3.5% + 1.2%

= 15.95 %

Stock B.

Given:

Return expectation R1 = 45%

Probability expectation P1 = 30%

Return expectation R2 = 25%

Probability expectation P2 = 9%

Return expectation R3 = 30%

Probability expectation P3 = 2%

Expected Rate of Return = R1P1 + R2P2 + R3P3.........

= (45% x 30%) + (25% x 9%) + (30% x 2%)

= 13.5% + 2.25% + 0.6%

= 16.35 %

7 0

2 years ago

With Wi-Fi, _____________ are used to transport the Internet signal between the computer and a router.

kari74 [83]

Answer:

A computer's wireless adapter translates data into a radio signal and transmits it using an antenna.

Explanation:

3 0

2 years ago

The Federal Trade Commission suspects Billy Williams of unlawful trade activities and has obtained evidence, claimed to be proof

pantera1 [17]

Answer and Explanation:

An agency has the power to execute the law and to bring proceedings against violators. This may be accomplished with no significant constitutional limitations on how the agency is to conduct its investigation of infractions. A search warrant is never required for subject matter observed from a public place; therefore, aerial photography of Williams' place of business can be used by the FTC as proof of wrongdoing. The FTC may also demand the production of relevant papers and documents by Williams, since the constitutional guarantee against unreasonable searches and seizures does not afford much protection with regard to papers and records being investigated by an agency. Lastly, Williams has no right to a jury trial in an administrative hearing.

3 0

2 years ago

The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 9,119 Accounts r

lozanna [386]

Answer:

40 days.

Explanation:

In the absence of the information about opening receivables, the closing figure is assumed to be the average accounts receivables,

Hence,

Debtors Turnover Ratio for Reagan:

= Sales ÷ Average Accounts Receivables

= $608,000 ÷ $73,922

= 8.22 times

Assuming that the number of days in a year as 365,

the firm's days sales uncollected for the year works out to:

= 365 days ÷ Debtors Turnover Ratio

= 365 ÷ 8.22

= 40.40 or 40 days.

4 0

2 years ago

Blink Dream has four strategic business units (SBUs)—accommodation, insurance, music, and publishing. Its publishing unit has al

spayn [35]

Answer: The options are given below:

A) Dogs

B) Question marks

C) Stars

D) Cash cows

The correct option is D. Cash cows.

Explanation:

Products that are in slow-growing markets, but for which the company has a relatively large market share are considered Cash Cows, and it is expected of the company to milk the cash cow for as long as it can.

Cash cows, are typically leading products in markets that are mature.

Generally, a product that is designated as a Cash Cow will generate returns that are higher than the market's growth rate and sustain itself from a cash flow perspective.

The product should be taken advantage of for as long as possible. The value of cash cows can be calculated easily because their cash flow patterns are highly predictable.

In summary therefore, low-growth, high-share Cash Cows should be continuously milked for cash in order to reinvest in high-growth, high-share Stars that have a high future potential.

4 0

2 years ago