1. Amazing Company has assumed the following for their 2021 budget, which begins July 1, 2020: The estimated inventories on July 1, 2020, for finished goods, work in process, and materials were $245,000, $84,000 and $90,000 respectively. Also, the desired inventories on June 30, 2021, for finished goods, work in process, and materials were $275,000, $96,000 and $100,000 respectively. Direct material purchases were $647,000. Direct labor was $632,000 for the year. Factory overhead was $312,000. Prepare a cost of goods sold budget for the company
Answers: 1
Business, 22.06.2019 11:50
Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.
Answers: 1
Business, 22.06.2019 19:50
The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.
Answers: 2
Business, 22.06.2019 21:30
True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.
Answers: 1
1. Amazing Company has assumed the following for their 2021 budget, which begins July 1, 2020: The e...
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