Answer:
D)
Explanation:
Based on the information provided within the question it can be said that this is associated with the company capability of being able to collect fuller and richer information about markets, customers, prospects, and competitors. This is because with by knowing what customers are purchasing and how often they are getting lots of information regarding what products are good in the market, customer information including frequency of purchases, what customers are likely to buy, and even the effect that the competitors are having on the market.
Answer:
D. $490,000
Explanation:
The inventory was valued at first-in, first-out (FIFO) costs and totaled $500,000.
<em>Adjustments:</em>
The goods worth $10,000 (1,000 units x $10 cost) were shipped and billed to a customer meaning that company has already recorded the sales in its income statement therefore they became the property of the customer and should not have been included in the inventory count. The $10,000 should be removed from the inventory recorded bringing the inventory balance at $490,000 ($500,000 - $10,000).
The goods worth $30,000 (6,000 units x $5 cost) will not be included in the total inventory count because the inventory is held on consignment for one of the company's supplier and the ownership of the goods belongs to the consignor (in this case, the supplier) until they are sold. The goods appear in the inventory records of the consignor (in this case, supplier) not the consignee (in this case, the company). In this case, the company has not included the goods in its inventory cost therefore no adjustment is necessary.
Answer:
The current stock price of Jersey Kids Corp in 2021 is expected to be $39.02.
Explanation:
The current stock price of Jersey Kids Corp in 2021 can be calculated using the formula for the dividend discount model as follows:
P2021 = D2022 / (r - g) ............................ (1)
Where,
P2021 = current stock price in 2021 = ?
D2020 = Annual dividends per share paid in 2020 = $3.00
D2021 = Annual dividends per share paid in 2021 = D2020 * (1 + g) = $3 * (1 + 0.02) = $3.06
D2022 = Annual dividends per share paid in 2022 = D2021 * (1 + g) = $3.06 * (1 + 0.02) = $3.1212
r = required return = 10%. or 0.10
g = growth rate = 2% = 0.02
Substituting the values into equation (2), we have:
P2021 = $3.1212 / (0.10 - 0.02)
P2021 = $3.1212 / 0.08
P2021 = $39.02
Therefore, the current stock price of Jersey Kids Corp in 2021 is expected to be $39.02.
Answer:
$1,440,000
Explanation:
sales volume = 37,000 radios
Selling price per unit = $60
Variable costs per unit = $20
Fixed costs = $40,000
Monthly operating income
= Sales revenue - Variable costs - Fixed costs
= ($60 × 37,000) - ($20 × 37,000) - $40,000
= $2,220,000 - $740,000 - $40,000
= $1,440,000
Therefore, the flexible budget would reflect $1,440,000 as a monthly operating income for a sales volume of 37,000 radios.
Answer:
Indirect Labour Cost, Direct Labour Cost
Explanation:
Direct Labour Cost
This is the type of cost incurred or wages paid to workers or employees that directly works on project. For example, laborer, foreman, painters, machine operators, delivery man etc. all belongs to this category. They are wages paid to the category of employees or workers who physically produce products.
Indirect Labour Cost
These are wages paid to those group of workers or employees that perform tasks that do not directly contribute to the production of goods or performance of services. For example, we have accountants, security guards, administrative officers, supervisors, inspectors and so on. It is also known as Overhead cost. They are not involved in the active part of conversion of raw materials into products.
