Answer:
d. $625,000
Explanation:
cost of goods available for sale = cost of goods manufactured during the current period + finished goods inventory at the beginning of the period
cost of goods available for sale = $600,000 + $25,000 = $625,000
cost of goods sold = cost of goods available for sale - ending inventory = $625,000 - $40,000 = $585,000
The Cost of Goods Available for Sale is calculated by adding the Beginning Inventory and the Manufacturing Costs together, resulting in a total of $625,000.
To compute the Cost of Goods Available for Sale, you would add your Beginning Inventory (the cost of the goods on hand at the start of the period) to the cost of the purchases made during the period - which, in this case, would be the manufacturing costs. Given that there were no changes in the raw materials or work in process inventory and since the manufacturing costs incurred totaled $600,000, we can outline the following:
Beginning Inventory of finished goods = $25,000
Manufacturing costs incurred = $600,000
Thus, to calculate the Cost of Goods Available for Sale:
Cost of Goods Available for Sale = Beginning Inventory + Manufacturing Costs=> $25,000 + $600,000 = $625,000
So, the Cost of Goods Available for Sale is $625,000.
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Answer:
Explanation:
The adjusting entries are shown below:
1. Cash A/c Dr $66,000,000
To Short term notes payable A/c $66,000,000
(Being issue of short term note payable is recorded)
2. Interest expense A/c Dr $1,320,000
To Interest payable A/c $1,320,000
(Being interest is recorded)
The interest amount is computed below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $66,000,000 × 8% × ( 3 months ÷ 12 months)
= $1,320,000
The 3 months is calculated from October 1 to December 31
Google, and others.
Answer:
trademark
Explanation:
When the announcement was made about the iPhone 11's new Slofie (slow-motion selfie) capability, Apple also said it had applied for a US trademark on Slofie.
Note, a trademark is a legally issued right for a symbol, phrase, or word to be used to denote a specific product or service, thus it gives a right of ownership to the trademark applicant. Therefore, it limits direct competition from others.
Answer:
Trademark
Explanation:
A trademark is an intellectual property which consists of a particular design aimed at identifying a product as being from a particular source.
Once a trademark is established on a product other companies will be unable to use that technology nor design without purchasing rights to use the trademark.
Apple first introduced Solfie which is a name coined for slow motion selfie on their iPhone 11.
In order to avoid competition with Samsung, Google, and others they trademarked Slofie thereby preventing competitors from using similar technology
Answer:
The price of the bonds at Janary 1 2018 is $70,824,063
Explanation:
Data:
Face Amount = F = $80,000,000
Time = n = 10 years * 2 (semiannually) = 20 semesters
Yield = r = 12% / 2 (semiannually) = 6% = 0.06
Payment = C = $80,000,000 * 10% / 2 = $4,000,000
Computation:
Bond Price = (C * (1 - (1 + r)^-n) / r) + (F / (1 + r)^n)
Bond Price = ($4,000,000 * (1 - (1 + 0.06)^-20) / 0.06) + ($80,000,000 / (1 + 0.06)^20)
Bond Price = ($4,000,000 * 11.46992) + $24,944,378.15089
Bond Price = $45,879,684.87426 + $24,944,378.15089
Bond Price = $70,824,063
Hope this helps!
Answer:
The correct option is d) only the face of the instrument
Explanation:
Here when Leilani is entering in to a contract with Metro taxi company to work as a cabdriver, the contract made by the Metro taxi company has clearly stated the terms of condition for the job of cabdriver and it is told in the question that the terms of contract were unequivocal which means all the terms and condition were clearly stated and there was no confusion regarding any of the detail.
So when under the plain meaning rule, the meaning of the terms would be determined only the basis of what is written in the contract not on any extrinsic evidence or something which is not there but only on the face of the instrument.
Answer:
$9,416.75
Explanation:
Present value is the sum of discounted cash flows.
Present value can be calculated using a financial calculator
Cash flow in year 1 = 0
Cash flow in year 2 = $2500
Cash flow in year 3 = 0
Cash flow in year 4 = $2500
Cash flow in year 5 = 0
Cash flow in year 6 = $2500
Cash flow in year 7 = 0
Cash flow in year 8 = $2500
Cash flow in year 9 = 0
Cash flow in year 10 = $2500
Present value = $9416.75
To find the PV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
The present value of the annuity payments that Marcos receives is approximately $11,614.58, using the given 5% discount rate and considering the biennial payment structure.
To calculate the present value of an annuity where payments are made every two years, we can use the present value of an ordinary annuity formula. Since payments are made every two years, we adjust our calculations to reflect this. Given the discount rate of 5% and the next payment due to be in two years, we will use this rate for our calculations.
Here's how to find the present value of the annuity that Marcos receives. We would use the following formula for the present value (PV) of an ordinary annuity:
PV = Pmt * [(1 - (1 + r)^-n) / r]
Where Pmt is the annuity payment, r is the discount rate per compounding period, and n is the total number of compounding periods.
Marcos's annuity:
Using these details, we calculate:
PV = $2,500 * [(1 - (1 + 0.025)^-5) / 0.025]
PV = $2,500 * 4.64583... (factor obtained from the formula)
PV ≈ $11,614.58
So the present value of the annuity that Marcos receives is approximately $11,614.58.
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b. Employee referral fees
c. Preemployment medical expenses
d. Accrued vacation expenditures
Answer:
Missed project deadlines
Explanation:
From the question, we are informed about Carlos, who is the HR Director of a large paper manufacturing company, is studying the company's turnover costs. He has accounted for most of the easily calculable costs, but he is concerned about the hidden costs of turnover. Given this information, the most likely a cause of concern for Carlos is Missed project deadlines.
Project deadlines can be regarded as
final time point which is needed for a given project to be done as well as the submission of handing over. It is been
characterized as desired time-frame set for a project as well as links initial time expectations for the project to be
produced in a timely manner.