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Brilliant_brown [7]
2 years ago
13

Bramble Company took a physical inventory on December 31 and determined that goods costing $216,300 were on hand. Not included i

n the physical count were $22,720 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $19,770 of goods sold to Alvarez Company for $29,450, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Bramble report as its December 31 inventory?
Business
1 answer:
Serggg [28]2 years ago
5 0

Answer:

$258,790

Explanation:

Bramble report as its December 31 inventory:

= Inventory in hand as per physical count + Goods purchased from P corporation under FOB shipping basis + Cost of goods sold to A company under FOB destination basis

= $216,300 + $22,720 + $19,770

= $258,790

Therefore, the amount to be reported by Bramble company is $258,790.

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D'Anconia Copper is an all-equity firm with 60 million shares outstanding, which are currently trading at $20 per share. Last mo
katrin [286]

Answer:

20m

Explanation:

To calculate the number of outstanding shares we need to calculate market capitalization value first. After calculating market capitalization value we are going to divide the difference in market capitalization value by share price.

DATA

share price = $20

Debt involved = 200m

Cash = 200m

Solution

Number of outstanding shares (after the transaction of shares repurchase) = Difference in market capitalization / Per share price.

Number of outstanding shares = (1200m - 800m) / 20

Number of outstanding shares = 400m / 20

Number of outstanding shares = 20m

Working

Market capitalization (after the repurchase of existing shares) = Shareholders' funds - Debt involved - Cash.

Market capitalization = (60m * 20) - 200m- 200m.

Market capitalization = 1200m - 200m - 200m

Market capitalization = $800m.

6 0
2 years ago
Seattle Inc. identifies an investment opportunity, which will yield cash flows of $30,000 per year in Years 1 through 4, $35,000
vladimir2022 [97]

Answer:

the payback period = 4.86 years

Explanation:

Seattle's cash flows are as following:

Year                Cash flow                         Accumulated cash flows

0                     -$150,000                                -$150,000

1                         $30,000                                -$120,000

2                        $30,000                                 -$90,000

3                        $30,000                                 -$60,000

4                        $30,000                                 -$30,000

5                        $35,000                                    $5,000

6                        $35,000                                  $40,000

etc.

The payback period is between year 4 and 5:

  • 4 years + ($30,000 / $35,000) = 4.86 years or
  • year 4 + [($30,000 / $35,000) x 365 days] = 4 years and 313 days
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2 years ago
How would a user know if a particular ratio demonstrates that a company is doing well or doing poorly? As an example to help exp
Aleks04 [339]

Answer: This can be explained as follows.

Explanation: A particular ratio can demonstrate the position of a company. For evaluating the position and position of a company the analyst should first compare the company with the industry average. The comparison with industry will imply whether company is in a surviving position or not.

Industry average may not give suitable results therefore comparison with core competitors should also be done.

A company having current ratio of 2.67 shows that such company have a sound financial condition as they have more than double of current ratios for paying their current liabilities .

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Colorado traffic laws are revised each year by ?
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C colorado general assembly
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2 years ago
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Wd-40, inc. markets only one product, its namesake chemical lubricant. the company offers the product in several different conta
Genrish500 [490]

WD-40 is considered as having a narrow product mix. Product mix is also known as product assortment. Product mix means the variety and number of product lines the company or business is offering. Product mix is to be improved from time to time as customer changes it needs, so product managers shall create new product lines that meet the needs of the clients.  

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