Answered: Calculate the opening stock in the…

Calculate the opening stock in the following case: . Sales = 12,50,000 • . Purchases = 7,80,000 Closing Stock = 15,000 Gross Loss on Cost = 1/12

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter11: Determining The Cost Of Capital

Section: Chapter Questions

Problem 13P: The Cost of Equity and Flotation Costs Messman Manufacturing will issue common stock to the public...

See similar textbooks

Related questions

Q: General Accounting Question please solve

A: Step 1: Define Degree of Operating Leverage (DOL)The degree of operating leverage measures how a…

Q: Do fast answer of this accounting questions

A: Step 1: Define Operating ratioOperating ratio is the difference between combined ratio and…

Q: General Account

A: The correct answer is:b. Property tax on the corporate headquarters. Explanation:Product Costs:…

Q: NO WRONG ANSWER

A: The given problem is solved by applying Break even formulaNumber of meals= (Fixed Costs + Desired…

Q: Answer me

A: Explanation: In the given case, the truck purchase cost is $78,650. Accumulated depreciation on it…

Q: Hello teacher please help me this question

A: Step 1: Define Equivalent UnitsThe units or products in the manufacturing process, when multiplied…

Q: GEM Company has a unit selling price

A: Explanation of Break-Even Point:The Break-Even Point represents the sales level at which a company's…

Q: Hi teacher please help me this question

A: Step 1: Definition of Accounting EquationThe accounting equation states:…

Q: Please solve this following requirements on these general accounting question

A: Step 1: Define Contribution Margin RatioThe Contribution Margin Ratio is a financial metric that…

Q: Solve this following requirements on these general accounting question

A: Part a: Break-even Sales in Units• Step 1: Use the Break-even sales in units Formula • Step 2:…

Q: tutor. general account. answer. asap

A: To determine the value of capital using the accounting equation, we use the formula:…

Q: Need general account solution

A: Step 1: the Accounting EquationThe basic accounting equation is: Assets=Liabilities+Owner's Equity…

Q: financial accounting question

A: Step 1: Formula Expected return = Risk-free rate + (Market risk premium x Beta)Beta = (Expected…

Q: ??

A: Explanation of Asset Turnover:Asset turnover, which is 4 times in this case, measures how…

Q: Accounting question

A: Step 1: Find the contribution margin per unit.= selling price per unit - variable cost per unit= $75…

Q: A copy machine cost $78,000 when new and has accumulated depreciation of $72,000. Suppose Print and…

A: Explanation of Disposal Transaction:A disposal transaction refers to the process of removing an…

Q: Financial Accounting

A: Concept of Forward Contract:A forward contract is a financial agreement between two parties to buy…

Q: Hi teacher please help me this question general accounting

A: Step 1: Define Profit Computation ExtractProfit computation extract can be summarized as an extract…

Q: Quick answer of this accounting questions

A: ROA = Net Income / Total Assets Given:Net Income = $8,000,000Total Assets = $40,000,000…

Q: Do fast answer of this accounting questions

A: Step 1: Introduction to cost accountingThe field of accounting known as cost accounting is utilized…

Q: Ringa Clothing finished goods inventory for jan 1

A: To determine the finished goods inventory on January 1, 2018, we use the Cost of Goods Sold (COGS)…

Q: General Account

A: Step 1: Calculation of Manufacturing OverheadManufacturing overhead = Depreciation on factory…

Q: I need this question answer general Accounting

A: Step 1: Define Growth RateThe growth rate is a method for a business to measure how much their firm…

Q: - Effects Manufacturing produces a pesticide chemical and uses process costing. There are three…

A: We are tasked with calculating the total number of equivalent units of production for conversion…

Q: Please need help with this general accounting question not use ai

A: Step 1: Define Receivables Turnover Ratio:The Receivables Turnover Ratio measures how efficiently a…

Q: Provide correct answer general Accounting

A: Step 1: Define Profit MarginProfit margin is the percentage of the gain generated from the…

Q: Net income for the year???

A: Step 1: Define Net EarningsThe amount of earnings as determined from statement of profit or loss is…

Q: I want to correct answer accounting questions

A: Step 1: Definition of Mixed CostA mixed cost is a cost that contains both fixed and variable…

Q: None

A: To calculate the market value of the firm's stockholders' equity, we use the balance sheet equation:…

Q: Provide correct answer general accounting

A: Step 1: Define Gross Profit MarginA company's cost of goods sold is deducted from its net sales to…

Q: Cost Account

A: The correct answer is:A) Marketing Explanation:The sales volume variance measures the difference…

Q: What is the day's sales in receivables ratio for 2018 ?

A: Step 1: Define Day's Sales in Accounts ReceivableDay's sales in receivables are the days taken by…

Q: Kindly help me with accounting questions

A: Step 1: Definition of Total Dollar ReturnThe Total Dollar Return is the total amount earned from an…

Q: General Accounting Question please answer

A: Step 1: Define Book ValueThe book value of an asset is the original cost of the asset minus its…

Q: How much was Johnson net sales?

A: Step 1: Define Net SalesAfter accounting for sales returns and discounts, net sales represent the…

Q: Which of the following is a manufacturing product cost? a. Depreciation on factory equipment b.…

A: The correct answer is:e. Both a and c are product costs. Explanation:What Are Manufacturing Product…

Q: The budget for the month ended .

A: Step 1: Marginal income per unit Marginal income per unit = Selling price per unit - Variable…

Q: Calculate the value of cogs lifo for company x in 2018

A: Step 1: Define COGSCOGS, or the cost of goods sold, refers to the funds a business spends on getting…

Q: What is the return on equity? General accounting

A: To calculate the return on equity (ROE), we need to follow these steps:Calculate Net Income:Profit…

Q: A hardware store has budgeted sales of $46,000 for its power tools in August. Management wants to…

A: Formula for Merchandise Purchases BudgetThe formula for calculating budgeted merchandise purchases…

Q: Financial accounting question

A: Step 1: Identify the Contribution Margin Ratio Formula Step 2: Calculate Sales Revenue Step 3:…

Q: What was the direct labor cost on these general accounting question?

A: Step 1: Define Total Manufacturing CostsTotal Manufacturing Costs refer to the total expenses…

Q: Quick answer of this accounting questions

A: Step 1: Introduction to balance sheetBalance sheet is referred to as the financial statement…

Q: Want answer

A: Explanation of Fixed Costs:Fixed Costs are expenses that do not change with the level of production…

Q: Don't use ai given answer accounting questions

A: To solve this problem, let's address each part step-by-step: a. Using the P/E ratio, compute the…

Q: Provide answer general Accounting question

A: Step 1: Define Capital GainCapital gain is the increased value of a capital asset which is realized…

Q: Quick answer of this accounting questions

A: Step 1: Definition of Earnings Per Share (EPS)Earnings Per Share (EPS) is a measure of the…

Q: The cost of goods sold? General accounting

A: Step 1: Define Cost of Goods Sold (COGS)The cost of goods sold or the cost of sales is the amount…

Q: Need help this question general accounting

A: Step 1: Formula Gross profit % = Gross profit/Sales Step 2: Sales Sales = Gross profit + Cost of…

Q: Quick answer of this accounting questions

A: Step 1: Definitions of Gross Profit on Sales:The Gross Profit is calculated as the difference…

Question

100%

Provide answer general accounting

Calculate the opening stock in the following case:
. Sales = 12,50,000
•
.
Purchases = 7,80,000
Closing Stock = 15,000
Gross Loss on Cost = 1/12

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

What is the rate of return when 30 shares of stock a, purchased for 30$/ share, are sold for $1100? The commission of the sale is $6. what rate of return = [?] %
You are given the following information: Book value of stockholders' equity = $5 million; price/earnings ratio = 10; shares outstanding = 100,000; and the market/book ratio = .5. Calculate the market price of %3D a share of the company's stock. O $37.50 O $25.00 O $50.00 O $75.00 O $16.67
Suppose that you just short sold 100 shares of Quiet Minds stock for $86.00 per share. Required: a. If the initial margin requirement is 60%, how much equity must you invest?
Answer question in the image
If a company has a current stock price of $45, an EPS of $3/share; EPS growth rate of 10% and the investors rate of return is 15%, calculate the cash cow price.0 a. $180 b. $190 c. $22 Od. $210 e. $20IGENEXT
Calculate The Market Price with General Accounting method
What is the rate of return when 30 shares of Stock A, purchased for $15/share, are sold for $480? The commission on the sale is $6. Rate of Return = [ ?] % Give your answer as a percent rounded to the nearest tenth.
Stock A has and initial price of $100, an ending price of $110, and 1,000 shares of common stock outstanding. Stock B has an initial price of $32, an ending price of $29, and 8,000 shares of common stock outstanding.a. Calculate the price-weighted return over the time period. b. Calculate the value-weigted return over the time period. c. Calculate the equal-weigted return over the time period (equal weight in each stock).
D1 = $0.75, rs = 10.5%, g = 6.4%. Calculate the stock price. $18.39 $18.84 $18.29 $17.75
Firm A’s D1 = $1.75 / share. Secondly, growth rate = -1.5%. return =14%. Calculate stock price. A) $11.29 B) $12.64 C) $13.27 D) $14.00 E) $14.21
North Side Corp’s dividends for year 1, year 2, year 3, and expected share price for year 3 are: D1=$1.95, D2=$2.10, D3=$2.18, and P3=$95 respectively. What is the company’s current share price given the required return of 8 percent?
Please answer question below