Will choose brainliest!!

A simple index of three stocks have opening values on day 1 and day 8 as shown in the table below. What is the rate of change of

AnnZ [28]

The correct answer is letter B)-11.4% (APEX)

8 0

2 years ago

Read 2 more answers

Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Deter

Digiron [165]

Date Activities Units Acquired at Cost Units Sold at Retail

May 1 Beginning Inventory 150 units at $10.00

5 Purchase 220 units at $12.00

10 Sales 140 units at $20.00

15 Purchase 100 units at $13.00

24 Sales 90 units at $21.0

Answer:

Value of closing inventory =$1290

Explanation:

Under the LIFO inventory system units of inventory are priced using the price of the most recent batch purchased and this continues in turn.

The value of closing inventory = Total cost of inventory available for sales - cost of goods sold

The cost of inventory sold would be determined as follows:

140 units :140 × $12=1,680

90 units : 90× $13 = 1,170

Total cost of goods = 1,680 + 1,170 = 2,850

Total cost of inventory available for sales would be equal to :

(150 × $10.00) + (220 ×$12.00) = 4,140

The value of closing inventory = Total cost of inventory available for sales - cost of goods sold

4,140 - 2,850 = $1290

Value of closing inventory =$1290

7 0

2 years ago

Kivi Service Stations is considering expanding its operations to include the greater Dubuque area. Rather than build new service

gayaneshka [121]

Answer:

A. $1,085,000

B. $316,000

Explanation:

A. Computation of an estimated fair value for any goodwill associated with Kivi purchasing Joe’s Garage

Actual average net income per year $220,000

Sales multiplier 9.25 times

Estimated fair market value of Joe's Garage$2,035,000

($220,000*9.45 Times)

Fair market value of identifiable assets($950,000)

Estimated goodwill of Joe's Garage$1,085,000

($2,035,000-$950,000)

b. Computation for an estimated fair value for any goodwill associated with Kivi purchasing Gas N’ Go.

Actual average net income per year$275,000

Earnings for Gas N' Go($196,000)

(20%×$980,000)

Estimated excess earnings of Gas N' Go$79,000

($275,000-$196,000)

Management expect excess earning of four years ×4

Estimated goodwill of Gas N' Go $316,000

($79,000×4 years)

4 0

2 years ago

Peter Metcalf founded Black Diamond which creates, produces, and sells outdoor equipment. This is an example of

Liula [17]

Answer:

manufacturing organization

Explanation:

This is an example of a manufacturing organization. This is an organization that focuses on gathering all of the necessary ingredients, which are then placed in a specific process to which combines them to make a unique product. This product is then sold to other companies or individual customers to generate profit for the company. This is exactly what Black Diamond does in order to produce outdoor equipment.

5 0

2 years ago

The Harriet Hotel in downtown Boston has 100 rooms that rent for $150 per night. It costs the hotel $30 per room in variable cos

Effectus [21]

Answer:

In order to maximize average daily profit, optimal number of reservations = 100 rooms.

Explanation:

As for the provided information, we have

Total number of rooms = 100

Chances of guests not arriving = 5%

Therefore, guests to arrive = 95%

Thus, bookings = 100/95% = 105.26

Rounding off we have 105 rooms,

Let us assume, all rooms are booked and no cancellation is done, in that case,

Total revenue = $150 $\times$ 100 = $15,000

Less: Overbooked charges = $200 $\times$ 5 = ($1,000)

Less: Variable Cost = $30 $\times$ 100 = ($3,000)

Thus total revenue will be $11,000

In case of booking of 100 rooms the net revenue in case of 5% cancellations, shall be:

Rooms booked = 100 - 5% = 95

Revenue = 95 $\times$ $150 = $14,250

Less: Variable Costs = 95 $\times$ $30 = ($2,850)

Thus total revenue = $11,400

Since profit in case of booking 100 rooms is more in any case, even in case of least cancellation the revenue will increase.

Thus, this is the optimal number of reservations = 100

6 0

2 years ago