(Points : 5) sales under $1,000,000 no accountants on staff insignificant receivables and payables all sales and purchases on account 5. (TCO D) Two companies report the same cost of goods available for sale, but each employs a different inventory costing method. If the price of goods has increased during the period, then the company using _____. (Points : 5) LIFO will have the highest ending inventory FIFO will have the highest cost of goods sold FIFO will have the highest ending inventory LIFO will have the lowest cost of goods sold 6. (TCOs A, E) Equipment with a cost of $192,000 has an estimated salvage value of $18,000 and an estimated life of 4 years or 12,000 hours.
| | | | | * Question 4 2 out of 2 points | | | Using the data below, determine the amount of consumer surplus, if any, in the market. The market clearing price for matinee tickets is $3 | Matinee TicketsWilling to Pay(WTP) | Tony | $1 | George | $2 | Deshon | $3 | Mario | $4 | Antonio | $5 | Brittney | $6 | | | | | | Selected Answer: | $6 | | | | | * Question 5 2 out of 2 points | | | Examine the graph below. The government has placed a $200 tariff on product z. The new equilibrium price is $600. What has happened to consumer surplus?
I calculated an “inventory turnover ratio” which measures the number of times a company sells its inventory during a year. A high rate of turnover indicates easiness in selling inventory; a low rate indicates difficulty. In 2011, the inventory turnover was 6.1. By 2012 the ratio decreased to 5.2. The decrease may be due to a slow ability to turn around merchandise in sales and potentially due to paying a higher cost for goods.
Learning Team Ratio Analysis Paper Kudler Fine Foods Liquidity Ratio Upon reviewing the financial statements of Kudler Fine Foods, I came up with the following financial ratio for the company: The Kudler Fine Foods’ current total asset is $1,971,000 and the total current liabilities is $116,290. The company’s current ratio is 16.95. (1,971,000/116,290) = 16.949=16.5 Therefore, for every $1 that our company owes in short term, there is $16.95 in assets available that we can convert to cash in short term. Our company’s Debt Ratio is Total Debt is divided by our Total Assets. Our Total Current Liabilities are as follows: Accounts Payable 96,500 Sales Tax Payable 3,950 Payroll Tax Payable 15,840 and our Total Long Term Liabilities are the following: Long Term Notes Payable 630,000 Therefore, the Total Liabilities we have is $ $746,290 and our Total Assets is $2,675,250.
AJ Davis Department Store Project Part A Roshanda Walker AJ Davis Department Store Project Part A Roshanda Walker Keller Graduate School of Management Math 533- Applied Managerial Statistics Keller Graduate School of Management Math 533- Applied Managerial Statistics Introduction This report provides statistically analysis using graphs and charts that shows how the income, credit balance, location and years are used as variables to determine the trends of credit card customers of the AJ Davis department store. The variables are broken down into comparable paring to determine trends as well as individual variables are analysis. The variables analyzed are Income, Credit Balances and Years customers have lived in their current locations. The comparable paring that are analysis are Location and Income, Location and Years and Income and Credit Balances. Income Descriptive Statistics: Income ($1,000) The data provided for the Income variable on AJ Davis department store credit card customers shows us that the minimum income level is $25,000 with Q1 of 33.00 and the maximum is $74,000 with Q3 of 57.25.
True False The job cost sheet is used in both job-order and process costing. True False Byklea Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 200 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,000 units were started and 6,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 90% complete with respect to materials and 45% complete with respect to conversion costs.
This is a sign of weakness. It should be noted that the percentage reduction is larger the percentage reduction in sales and cost of goods sold. OPERATING EXPENSES Selling Expenses Advertising was up from year 6 to year 7 by $8,940 or 37.5%. From year 7 to year 8 operating expenses were down $5,332 or -16.3%. This is weak and raises questions about why management would decrease advertising so much.
XYZ Company in interested in finding the following questions (a) How many catalogs should be mailed each year and to which customers should they be mailed? (b) How much total revenue can be expected if this policy is followed? (c) Do a sensitivity analysis of the total number if catalogs sent with regard to the average purchase amount in the range of $10 to $120. Explain the behavior of the number of catalogs sent over this range. (d) Do a similar sensitivity of revenue minus catalog cost with regard to the average purchase size.
g. Find the 95% prediction interval for the sales for 1 week having 50 calls. Interpret this interval. h. What can we say about the sales when we had 100 calls in a week? (Points : 48) 4 Question 1. 1.
First, when [pic] drops from $12 t0 $6, consumers increase their consumption of beers from 28.7 gallons to 44.5 gallons, and if we put these on graph (b), we can derive the demand curve for beers. Graph (b) tells us that beer is not a “giffen” good, because “giffen” implies that when price drops, consumers buy less of that good. Second, we have learned that when there is a change in price, there are two effects on the consumption of that good: income effect and substitution effect. If [pic] falls, beers become relatively cheaper, while wine becomes relatively more expensive. Because consumer views beer and wine as imperfect substitution, he will substitute cheaper good for more expensive one.