Calculate the value of cost of goods sold for Benson's Brewing Company given the following information: Current liabilities = $540,000; Quick ratio = 1.8; Inventory turnover = 6.0; Current ratio = 2.3. Select one: a. $1,620,000 b. $3,999,999 c. $3,060,000 d. $2,180,222 e. $2,040,000
Q: If the trade executes, how much money do you receive from the buyer? (Round your answer to 2 decimal…
A: Investment refers to those mechanism which is used by the company for the purpose of generating…
Q: Briefly explain whether each of the following statements is true or false. 1. An increase in…
A: …
Q: Financial analyst of Castle Investment Trust has gathered the following information on FRIVY Inc.…
A: Share price: Share price is the current market price of the share. It is the price of the share at…
Q: Fitzgerald's 15-year bonds pay 6 percent interest annually on a $1,000 par value. If the bonds…
A: The bond YTM can be found using the RATE Function in excel. RATE = (NPER, PMT, PV, FV, TYPE) where…
Q: If you buy 1000 shares and 1000 put options, how much would it cost, and what value would your…
A: Total number of shares to buy are 1000 shares Total number of puts to buy are 1000 KFC stock price…
Q: Explain why nations trade, using the Heckscher-Ohlin model. Further, explain the pattern of trade…
A: Trade is the voluntary exchange of goods and services between various economic agents. Both parties…
Q: Solve manually using formulas. Show complete solutions. San buys a 10-year bond of face (and…
A: A bond is a debt instrument used to raise capital by a company or government. It can be traded on…
Q: Ultra Petroleum (UPL) has earnings per share of $1.65 and a P/E ratio of 33.12. What’s the stock…
A: P/E ratio is the times of share value to the earning of the share. P/E Ratio = Price Per Share /…
Q: Mathematically define the dollar duration of equity.
A: The Dollar duration is measures in which the value of the dollar can change in the value of bonds…
Q: What will be the approximate population of the United States, if its current population of 280…
A: To calculate the population after 25 years we will use the below mentioned formula Population…
Q: Using the same information in #5, compute for the Equity Shareholder's Net Income
A: The Equity share holders' income: The difference between the consolidated net income and the…
Q: mall financial analyst, you have been selected by a client to provide assistance in the following…
A: Future value of annuity includes the interest accumulated and amount being deposited over the period…
Q: ector of Insurance may revoke, suspend, or refuse to issue a producer license for failing to pay…
A: The Director of insurance may suspend , revoke or refuse to issue producer license under certain…
Q: A series of equal semi-annual payments of $1200 for 4 years is equivalent to what present amount at…
A: Semiannual payment (C) = $1200 Number of payments (t) = 8 (i.e. 4 years * 2) Annual interest rate =…
Q: The Kramer family borrowed $180,000 from 1st National Bank several years ago when they bought their…
A: The question is related to repayment of borrowed amount. Repayment amount is calculated with the…
Q: If he accumulates $5,000,000, his parents have offered to match his savings. He invests $2,000,000…
A: This problem can be solved in light of present value and future value. The amount in a savings…
Q: a. You pay 3.37% interest rate for a 30-year loan. Create an amortization table with a spreadsheet,…
A: Loan (mortgage) amortization schedule refers to a schedule which is prepared to shows the periodic…
Q: How much did Mr. Chavez gain? a. Php33,567.00 b. Php34,024.00 c. Php40,274.00 d. Php65,879.00
A: Capital gain or loss refers to a method which shows the relationship between capital gain and…
Q: b. Construct the balance sheet that corresponds to the transaction described in requirement a.…
A: Initial margin is the margin which is given initially, It is the percent of the purchase price that…
Q: d. If the firm maintains a capital structure containing 40% debt and 60% equity, find its…
A: Weighted average cost of capital refers to a company’s average cost of capital that it is obtained…
Q: What is the largest annual loan payment the lender will allow Ann to make based on the DSCR?
A: Loan Payment: These are payments made by the borrower to the lender for amortizing the amount of…
Q: Solve with lump sum. A 13-year-old has his dad save$100of his birthday money for the next family…
A: The time value of money is applied when the future value of an equated amount deposited is to be…
Q: Why is diversification considered “good” by most professionals? Can you think of a situation where…
A: Investment means engaging your funds to generate income for the future. Risk and return are two…
Q: A firm earns $3550 million in profits and pays $2480 million in dividends for the year. The firm…
A: Dividends for the year = $2480 Number of preferred stock = 175 million Preferred stock dividend per…
Q: (Inflation and interest rates) What would you expect the nominal rate of interest to be if the…
A: The nominal rate of interest is the rate that includes the inflation effect in the interest rate.…
Q: The Saleemi Corporation's $1,000 bonds pay 5 percent interest annually and have 13 years until…
A: Bonds are long-term financing debt. It is a company that raises funds for its business. In return, a…
Q: You planned to borrow $575,000 for a house at 2.9% interest for 30 years. You find a house that you…
A: A loan is a sum of money obtained from outside sources such as banks and repaid over time in fixed…
Q: 1. If P5,000 is invested in a time-deposit for 2 years in a bank that offers 4% annual interest…
A: Future Value: The future value is the amount that will be received at the end of a certain period.…
Q: Q1: Calculate (PW) for annual payments (900$/year) if the first payment will deposit at the present…
A: So here the we get Annual Payment of $900/ year for 9 years and the rate of interest is 15%, We need…
Q: Project A costs $40,000 to start and makes. mouth. Project cost $20,000 to steart month Project A…
A: The EUAW is uniform equivalent annual worth which is equivalent all cash inflows and outflows…
Q: iven that a firm's return on equity is 17 percent and management plans to retain 41 percent of…
A: Growth rate of the firm depends on the return on equity and retention ratio and very important…
Q: QUESTION 8 You observe that the cap rate for Central Business District (CBD) office buildings in…
A: Data given:: Cap rate=4.25% Return on these building=8.25% Required:: Expected NOI growth rate of…
Q: Oil Gas Limited is considering investing in two projects; Project 1 and Project 2. Information…
A: The question is related Capital Budgeting The Net Present Value is calculated with the help of…
Q: Nash Company has five employees participating in its defined benefit pension plan. Expected years of…
A: The increase in projected benefit obligation is $81,360. The total number of years to be worked by…
Q: ny plans upd aced years from now. The estimated cost required for so is ($ 750,000). Accordin to the…
A: The loans are to be paid by the equal amount of payments and these payments carry the payment for…
Q: Assume a trader who has no existing CPO positions is bullish on CPO spot and futures pricing over…
A: Bullish Trader: A bullish trader represents a firm that trades goods or services and predicts that…
Q: a) You buy a mining site, including exploration rights and there are set up costs of £285m…
A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…
Q: The first bank advertises a nominal rate of 7.1% compounded semiannually. A second bank advertises a…
A: Time value of money (TVM) refers to the method used to measure the amount of money at different…
Q: The forecast for Discomfort’s free cash flows for next year is provided in the table. Assume that…
A: Here, Last Year Next Year Sales…
Q: Finance All of the following are examples of liability coverages, except: A Debris removal B Medical…
A: Liability insurance protects businesses and individuals from legal action or lawsuits for…
Q: Ann wants to buy a building. The asking price is $7,500,000. Her lender has a maximum LTV…
A: LTV means Loan To Value ratio. It is the maximum amount of loan that can be borrowed against the…
Q: Which of the following actions represents consideration in an insurance contract? a. paying the…
A: Insurance contract is a contract entered between Policyholder (Insured) and the Insurance company…
Q: Rashmi has heard about shares and debenture but she is confused in between both terms as you are…
A: Shares represent ownership of the company. The company gets capital but in return provides the…
Q: Explain the THREE (3) key decisions of a financial manager in a large corporation and how these key…
A:
Q: index future contract involves buying and selling the stock index for a specified price at a…
A: There are buying and selling on stock index futures in future markets there large amount of risk and…
Q: Tater and Pepper Corp. reported COGS for 2021 of $35 million. Tater and Pepper listed $6.8 million…
A: The inventory turnover ratio and days in inventory are two metrics used to measure the efficiency of…
Q: A two-year amortizing bond has a coupon rate of 4% and pays its coupons semi- annually. Coupon…
A: A bond is a debt instrument used to raise capital. It is marketable security, i.e., it can be traded…
Q: What does immunization using factor durations allow the bond portfolio manager to do that cannot be…
A: Bonds are called bond goods because they typically pay a set interest rate to the borrower (coupon).…
Q: please answer A, B & C they are apart of the same question You are the junior financial manager…
A: In this question, as a junior financial manager at Texaco gas station, I have to provide…
Q: Operating Expenses 0.0075 Front-End Load 0.0500 12B-1 Charges 0.0025…
A: Minimum rate of return must be sufficient enough to satisfy the all expenses and risk free rate and…
Calculate the value of cost of goods sold for Benson's Brewing Company given the following information: Current liabilities = $540,000; Quick ratio = 1.8; Inventory turnover = 6.0; Current ratio = 2.3.
Step by step
Solved in 2 steps with 2 images
- The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and Allowances: $34,890; COGS: $120,470; Sales Discounts: $44,760. Given this information, what is the Gross Profit Margin Ratio for Sunrise Motors? (Round to the nearest whole percentage.)Calculate the value of cost of goods sold for Thompson company given the following information: Current Liabilities = $340,000: Quick Ratio: 1:8, Inventory turnover = 4.0, Current Ratio: 3:3The following information relates to CEE Company: (Refer to image). Assume that the company uses the average cost approach. What is the cost ratio? Express your answer in percentage and round up to two decimal points. * Retail Cost 500,000.00 Inventory, 12/31/2021 725,000.00 Purchases 1,285,000.00 2,220,000.00 Purchase returns 20,000.00 35,000.00 Purchase discounts 30,000.00 Sales (after employee discounts) 2,450,000.00 Sales returns 125,000.00 Sales allowances 70,000.00 Mark-ups Mark-up cancellations 160,000.00 70,000.00 Mark-down 65,000.00 Mark-down cancellations 32,000.00 Freight in Employee discounts Normal loss from breakage 65,000.00 15,000.00 10,000.00
- Suppose the net sales is 1,60,000 for a firm and cost of goods sold is 40,000. Calculate gross profit ratio,1. Given this information, what is the profit percent? Format your answer to two decimal places and add a %-sign (i.e. 4.52%) Net Sales $561,800 Cost of Goods Sold 275,280 Expenses 253,936 2. Given this information, what is the profit dollars? Round your answer to the dollar and add a dollar sign and comma separator (i.e. $15,467) Net Sales $561,800 Cost of Goods Sold 275,280 Expenses 253,936 3. Given the information below, what is the profit dollars? Round your answer to the dollar and add a dollar sign and comma separator (i.e. $15,467) Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570 Expenses 138,140 4. Given the information below, what is the profit percent? Round your answer to two decimal places and add a percent sign (i.e. 15.37%) Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570 Expenses 138,140 5. Given the information below, what are…the information of the firm using the average cost method is as follows: Quantity unit price 200 10 300 15 250 20 300 25 Since the firm sold 750 units of 25 TL during the period by cash, (a) What will be the cost of goods sold and profit/loss? (b) Make the journal entry of the transaction?
- Given: The Company showed Cost of Goods Sold amounting to P645,750 and its gross profit rate is 40%. The total expenses was P559,400. Required: What is the net profit or net loss of the company. Select the correct response:If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select one: a. $2,600,000. b. $130,000. c. $ 520,000. d. $416,000.Highly Suspect Corp. has current liabilities of $417,000, a quick ratio of 1.10, inventory turnover of 3.60, and a current ratio of 3.30. What is the cost of goods sold for the company? Multiple Choice $3,302,640 $1,009,140 $1,146,750 $458,700 $4,953,960
- Given the following information regarding to a recent period's operations: Sales - P? Beginning finished goods inventory - P12,000 Cost of goods manufactured - P36,000 Ending finished goods inventory - P6,000 Cost of goods sold - P? Gross margin - 40% of Sales Administrative and selling expenses_P10,000 Net operating income - P? Determine the following: • cost of goods sold • cost of goods available for sale • net operating income • gross margin • salesIncome Statement Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 53,000 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead Beginning Ending ? Next year, Bob's Bistro expects to purchase $126,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory $5,000 $4,900 $73,000 27,000 230,000 Work-in-Process Inventory $13,700 $15,700 Next year, Bob's Bistro expects to produce 53,000 units and sell 52,300 units at a price of $13.00 each. Beginning inventory of finished goods is $47,500, and ending inventory of finished goods is expected to be $39,000. Total selling expense is projected at $22,000, and total administrative expense is projected at $117,500. Required: 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For…Calculate the gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 6000, Return outwards 4000, Purchases 15000. a. OMR 5000 b. OMR 8000 c. OMR 6000 d. OMR 12000
