Answer:The cash flow effect of Fey Enterprises’ restructuring during fiscal 2016 is: $9,900,000
Explanation:
The total restructuring charge accrued = $16.2 million this is so as asset write-downs are not accrued. This in term states that there is no credit to a liability account for write-downs, the assets are credited (reduced).
Therefore,
The company paid the amount = $12,600,000 - $2,700,000 = $9,900,000 during cash during fiscal 2016.
<u><em>Therefore, the correct option is (d)</em></u>
Answer:
The demand for money falls and the interest rate falls.
Explanation:
Price level can be described as the evaluation of the amount in which goods and services are sold in the market. A change in the price level can greatly affect the demand of a customer either positively or negatively.
A decrease in the price level enables a customer to purchase more products and at the same time save some amount of money, this results in the reduction of interest rates.
When the price level reduces, individuals will need less amount of money to buy the same quantity and type of product.
Answer:
$18,500
Explanation:
The first in first out (FIFO) inventory system assumes that It is the first purchased inventory that is the first to be sold.
Total inventory sold = 175 + 50 = 225 units
The first 50 units would be taken from the beginning inventory which costs $80. Total cost of 50 units of inventory would be $80 × 50 = $4,000
This leaves 75 units of the beginning inventory.
The 175 units sold would be taken from the remaining 75 units of the beginning inventory and the 270 units purchased
75 × $80 = $6,000
100 x $85 = $8500
Total cost of goods sold = $6,000 + $8500 + $4,000 = $18,500
I hope my answer helps you
Answer: The statement "A. The units in beginning inventory plus the units transferred out during the month should equal the units in the ending inventory plus the units transferred in during the month." is <u>FALSE.</u>
Explanation: The units in beginning inventory plus the units<u> </u><u>transferred in</u> during the month <u>MUST be equal</u> the units in the ending inventory plus the units <u>transferred out during</u> the month.
Answer:
5.52%
Explanation:
Cost of Furniture= $150,000
discount= 5.25% (120-day note)
To get the exporter's true effective annual financing cost, we have:
![150,000*[1-(0.0525*120/360)] = 147,375](https://tex.z-dn.net/?f=%20150%2C000%2A%5B1-%280.0525%2A120%2F360%29%5D%20%3D%20147%2C375%20)
=(150,000/147,375) 365/120-1 = 5.52%
Therefore, the exporter's true effective annual financing cost is 5.52%
