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1 year ago

12

You have 21 product displays. Six have 5 shelves and 15 have 4 shelves. It is store policy to dedicate at least one full shelf t

o each product. What is the maximum number of products you can have?

1 answer:

prohojiy [21]1 year ago

3 0

Answer:

90

Explanation:

In 5 shelves put 6 in each. In 4 shelves put 15 in each. Add both numbers and get your answer

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Daisy Company manufactures dog collars. The following selected data relates to Daisy? Company's budgeted sales and inventory lev

Allushta [10]

Answer:

<u>Hence, 2,140 units are to be produced in November.</u>

Explanation:

November unit sales=2,300

Add: November desired ending unit finished goods inventory=720

Less: November beginning finished goods inventory (October ending inventory)=(880)

Units to be produced in November=2300+720-880=2,140

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2 years ago

At December 31, 2017, Indigo Girls Company has outstanding noncancelable purchase commitments for 36,000 gallons, at $3.00 per g

Whitepunk [10]

Answer:

The journal entries are as follows:

(i) On December 31, 2017

Unrealized gain or loss income A/c Dr. $10,800

To estimated purchase commitment liability $10,800

(To record other income and expenses)

Workings:

Unrealized gain or loss income = 36,000 × ($3 - $2.7)

= 36,000 × $0.3

= $10,800

(ii) On January 1, 2018

Raw material A/c (36,000 × $2.7) Dr. $97,200

Estimated purchase commitment liability A/c Dr. $10,800

To accounts payable $108,000

(To record the materials received in January 2018)

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2 years ago

DAA's stock is selling for $15 per share. The firm's income, assets, and stock price have been growing at an annual 15 percent r

DaniilM [7]

Answer:

This question is incomplete since the required return is not pasted here. I checked on the web and found similar question with the firm's required rate of return is 18 percent. You can use this to solve the question as follows.

Explanation:

Use Dividend Discount Model (DDM) to find the intrinsic value of the stock.

Find the present value of dividends

D3 = 2

PV(of D3) = 2/(1.18^3) = 1.2173

D4 = D3(1+g) = 2(1+0.06) = 2.12

PV(of D4) = $\frac{\frac{2.12}{0.18-0.06} }{1.18^{3} }$

PV (of D4) = 17.6667/ 1.6430 = 10.7527

Next, sum up the present values ;

= 1.2173 + 10.7527

= $11.97

Therefore, DAA's stock is currently overpriced ,so you should not buy it since it is only valued at $11.97 and not $15.

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2 years ago

From the ledger balances given below, prepare a trial balance for the Amaro Company at June 30, 2020. All account balances are n

prohojiy [21]

Answer:

Amaro Company

Trial Balance

June 30, 2020

Debit Credit

Cash $ 5800 $

Accounts Receivable $ 3000 $

Equipment $17,000 $

Accounts Payable $ $ 8100

Cleland, Capital $ $ 15,000

Cleland, Drawing $ 1200 $

Service Revenue $ $ 10,000

Salaries Exp $5100 $

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Trial balance is a list of all ledger accounts and cash book.

It can be prepared any time during the accounting period.

The debit and credit side of the trial balance are equal.

Expenses are debited . Drawing is an expense therefore it is debited.

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1 year ago

Donielle opened a revolving line of credit with a $4,000 credit limit. How much does she

nika2105 [10]

Answer:

B

Explanation:

1100-200

4000-900

5 0

2 years ago

Read 2 more answers