Answer:
d.$1,371,000
Explanation:
Given that
Warranty liability at the beginning of year = $359,000
Warranty liability at the end of year = $308,000
Warranty expense = $44 million
Sales percentage = 3%
So, the warranty expense = $44,000,000 × 3% = $13,20,000
So, the warranty expenditures for 2018 is
= Beginning warranty liability + warranty expense - ending warranty liability
= $359,000 + $13,20,000 - $308,000
= $1,371,000
Answer:
824.28
Explanation:
Market price of a bond is the total sum of discounted coupon cashflow and par value at maturity. This is a 4-year bond with semi-annual payment so there will be 8 coupon payment in total. Let formulate the bond price as below:
Bond price = [(Coupon rate/2) x Par]/(1 + Required return/2) + [(Coupon rate/2) x Par]/(1 + Required return/2)^2 + ... + [(Coupon rate/2) x Par + Par]/(1 + Required return/2)^8
Putting all the number together, we have
Bond price = [(4.5%) x 1000]/(1 + 7.5%) + [(4.5%) x 1000]/(1 + 7.5%)^2 + ... + [(4.5%) x 1000 + 1000]/(1 + 7.5%)^8
= 824.28
Answer:
D. cost of goods available for sale.
Explanation:
The cost of goods available for sale, also known as the total inventory, represents the total amount of finished products that a company had in its store for selling. The calculation of costs of goods available for sale involves adding beginning stock to the net purchases.
Beginning inventory is the ending balance in the previous financial period. It is the finished product balance brought forward of the prior period. Net purchases are the purchases adjusted for discounts and purchase returns. The costs of goods available for sale minus ending inventory will equal to the costs of goods sold.
Answer: compare his turnover ratio to other grocery stores' ratios.
Explanation: The manager should "compare his turnover ratio to other grocery stores' ratios" since Humongous Food Store (HFS) is losing money but have a turnover ratio of 12.
A turnover ratio of 12 means that they sold everything in the store once per month. Turnover ratio is the percentage of mural fund or portfolio holdings that have been replaced in a given year or 12 months period.
The pencils would be considered a Business.
What is a Business?
An organisation or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses.
A business is defined as a profession or trade that involves buying and selling goods and services with the intention of making a profit. Farming is a prime example of a business. A home sale is an illustration of commerce.
Different Business Structures
- Sole proprietorship. A sole proprietorship is the most common type of business structure.
- Limited liability company.
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