Answer:
$631,729
Explanation:
The amount indicated as retained in a balance sheet is the accumulated amount of retained earning since inception.
A company's profits are shared between dividends and retained earnings.
The Columbia company made profits of $442,000 on June 30, 2014
Amounts paid out as dividends on June 30 were $225,794
The retained earnings for June 2014 will be:
If net profits = retained earnings + dividends
retained earning will be earning - dividends payouts
=$442,000- $225,794
=$216,206
retained earning for June 2104 is 216,206
The accumulated retained earnings as of June 14, 2014, were $847,935,
retailed earning as of June 30, 2013, were
Accumulated retained earning by June 30, 2014 minus retained earnings earned on June 30, 2014
$847,935,-$216,206
=$631,729
Answer:
The answer is D. identify the problem or opportunity.
Explanation:
The first step in making the right decision is recognizing the problem or opportunity and deciding to address it, this involves determining why this decision will make a difference to your customers.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Sales= $39,388,000.
The company began the year with:
$3,500,000 of merchandise inventory
Ended the year with:
$4,445,000 of inventory.
During the year:
Purchased $23,350,000 of merchandise inventory.
The company's selling, general, and administrative expenses totaled $5,450,000 for the year.
First, we need to calculate the cost of goods sold:
COGS= beginning merchandise inventory + purchases - ending merchandise inventory
COGS= 3,500,000 + 23,350,000 - 4,445,000= $22,405,000
Income statement:
Sales= 39,388,000
COGS= 22,405,000
Gross income= 16,983,000
Selling, general, and administrative expenses= 5,450,000
Operating income= $11,533,000
Answer:
A. $520,000
B. $1,168,000
Explanation:
Computation to determine the cost of goods sold for each of these two companies for the year ended December 31, 2017.
a. UNIMART Partial income statement
For the year ended December 31,2017
COST OF GOODS SOLD
Beginning merchandise inventory $302,000
Cost of purchase $420,000
Goods available for sale $722,000
Less; Ending merchandise inventory ($202,000)
Cost of goods sold $520,000
b) PRECISION Manufacturing
Partial income statement
For the year ended December 31,2017
COST OF GOODS SOLD
Beginning finished goods inventory $604,000
Cost of manufactured $760,000
Goods available for sale $1,364,000
Less; Ending finished goods inventory ($196,000)
Cost of goods sold $1,168,000
Therefore the cost of goods sold for each of these two companies for the year ended December 31, 2017 will be:
Unimart $520,000
Precision $1,168,000
The current value of Jim's bonds are $8,749.57.
The value of the bond can be determined by calculating the present value of the cash flows of the bonds. The present value is the sum of discounted cash flows.
Value of the bond = present value of coupon payments + present value of the face value of the bond at maturity.
Present value of the face value of the bond at maturity = $10,000 / (1 + 0.0175^120) = $1247.01
Present value of coupon payments = future value / (1 + 0.07^30)
Future value = amount x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
n = number of years = 30 x 4 = 120
$150 x [({1.0175^120) - 1} / 0.0175] = $60,164.43
Present value = $60,164.43 / (1.0175^120) = $7,502.56
Value of the bond = $7,502.56 + $1247.01 =$8,749.57
To learn more about present value, please check: brainly.com/question/26537392
Answer:
current value is $8749.57
Explanation:
given data
face value = $10,000
maturity period = 30 = 30 × 4 = 120
interest = 1.5% every 3 month
solution
we will apply here bond price formula that is
bond price = coupon × ............................1
here r is rate and n is no of period and
so rate = = 1.75% = 0.0175
and coupon is $150
put here value
bond price = $150 ×
bond price = 8749.57
so current value is $8749.57
Answer:
$750,000 units
Explanation:
Calculation to determine the number of units the company would have to manufacture during the year
PRODUCTION BUDGET
Budgeted unit sales 700,000
Add desired ending finished goods inventory 73,000
Total $773,000)
(700,00+73,000
Less beginning finished goods inventory $23,000
Units to manufacture 750,000
Therefore number of units the company would have to manufacture during the year would be: $750,000
Answer:
C. Variances falling outside of an acceptable range of outcomes do not require investigation.
Explanation:
The purpose of any business is to generate profit which is the difference between the revenues and all cost related to business.
In order to define suitable selling price and acceptable cost, all figures are to be set in standard range; any variance outside the standard, even lower or higher, must be investigated then the company can make proper adjustments.
In the end, the right standard is not only achievable but also maximize for the profit set.
So while other statements are true about standard and variance, the statement (C) is totally wrong because it said “Variances falling outside of an acceptable range of outcomes do not require investigation”