Business, 16.10.2019 06:00, alimfelipe
Vibrant company had $850,000 of sales in each of three consecutive years 2016β2018, and it purchased merchandise costing $500,000 in each of those years. it also maintained a $250,000 physical inventory from the beginning to the end of that three-year period. in accounting for inventory, it made an error at the end of year 2016 that caused its year-end 2016 inventory to appear on its statements as $230,000 rather than the correct $250,000. required: 1. determine the correct amount of the company's gross profit in each of the years 2016β2018. 2. prepare comparative income statements to show the effect of this error on the company's cost of goods sold and gross profit for each of the years 2016β2018.
Answers: 1
Business, 21.06.2019 19:40, muhammadcorley123456
Anew equipment has been proposed by engineers to increase the productivity of a certain manual welding operation. the investment cost is $25,000, and the equipment will have a market value of $5,000 at the end of a study period of five years. increased productivity attributable to the equipment will amount to $10,000 per year after operating costs have been subtracted from the revenue generated by the additional production. if marr is 10%, is investing in this equipment feasible? use annual worth method.
Answers: 3
Business, 22.06.2019 18:00, Elephants12
What would not cause duff beerβs production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand
Answers: 1
Vibrant company had $850,000 of sales in each of three consecutive years 2016β2018, and it purchased...
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