The following data were taken from the records of waterway company for the fiscal year ended june 30, 2020. raw materials inventory 7/1/19 $48,100 factory insurance $5,600 raw materials inventory 6/30/20 46,200 factory machinery depreciation 18,600 finished goods inventory 7/1/19 99,600 factory utilities 29,200 finished goods inventory 6/30/20 21,600 office utilities expense 8,850 work in process inventory 7/1/19 27,700 sales revenue 561,400 work in process inventory 6/30/20 25,300 sales discounts 4,900 direct labor 144,150 plant manager’s salary 64,400 indirect labor 24,960 factory property taxes 9,910 accounts receivable 29,900 factory repairs 2,100 raw materials purchases 99,200 cash 40,700 collapse question part

(a) prepare a cost of goods manufactured schedule. (assume all raw materials used were direct materials.)

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?