Core-Mark inventory - suggested solution (1)

In this document Critically analyze The Coca Cola’s Company corporate policy for funding the business operations, expansion, growth, and value creation and write 200 words ?

(D) One of the managers of the business has indicated that his main objective is to cut back on his tax liability as much as possible and is of the view that the FIFO method would be best. Do you agree with him? Explain your answer clearly, with reference to the most popular methods of inventory valuation. (E) Universal Enterprise sells a product that cost $450 per unit and has a monthly demand of 5,000 units. The annual holding cost per unit is calculated as 5% of the unit purchase price. It costs the business $75 to place a single order. Currently the business places 12 orders each year. i) What is the total stock administrative cost of Universal’s current inventory policy? ii) Is this the entity’s cost minimizing solution for this product each year? Explain.

(D) One of the managers of the business has indicated that his main objective is to cut back on his tax liability as much as possible and is of the view that the FIFO method would be best. Do you agree with him? Explain your answer clearly, with reference to the most popular methods of inventory valuation. (E) Universal Enterprise sells a product that cost $450 per unit and has a monthly demand of 5,000 units. The annual holding cost per unit is calculated as 5% of the unit purchase price. It costs the business $75 to place a single order. Currently the business places 12 orders each year. i) What is the total stock administrative cost of Universal’s current inventory policy?ii) Is this the entity’s cost minimizing solution for this product each year? Explain.

Provide provide correct answer accounting..

You are given the following information regarding sales and inventory levels over time for your firm Year 2010 Sales $12,502.00 $13,456.00 $17.945.00 $15,326.00 $14,464.00 Given this information, determine the level of safety stock that the firm holds. 2011 2012 2013 2014 $1.131.72 $1.193.09 $1,254.46 O$1,070.35 O $1.008.98 Inventory $6,855.36 $7 282 75 $9,249.02 $8.120.51 $7.734.33

Plum Corporation began the month of May with $1,500,000 of current assets, a current ratio of 1.90:1, and an acid-test ratio of 1.30:1. During the month, it completed the following transactions (the company uses a perpetual inventory system). May 2 Purchased $75,000 of merchandise inventory on credit. May 8 Sold merchandise inventory that cost $55,000 for $125,000 cash. May 10 Collected $25,000 cash on an account receivable. May 15 Paid $31,500 cash to settle an account payable. May 17 Wrote off a $5,000 bad debt against the Allowance for Doubtful Accounts account. May 22 Declared a $1 per share cash dividend on its 65,000 shares of outstanding common stock. May 26 Paid the dividend declared on May 22. May 27 Borrowed $115,000 cash by giving the bank a 30-day, 10% note. May 28 Borrowed $145,000 cash by signing a long-term secured note. May 29 Used the $260,000 cash proceeds from the notes to buy new machinery. Required: Complete the table below showing Plum's (1) current ratio, (2)…

1、Explain three reason some goods are exempted in the Harmonized Sales Tax HST by government   2、State four kinds of terms of sale. Which one do you prefer and why?   3、State five reasons why accountants must maintain high accounting standards

Rahman, the Internal auditor of Al-Hind LLC recommends to the top management about the need for using stock tracking software to ensure effective store management. Which of the following statement holds true about the above statement? a. It’s an Example of Whistle blowing since it is an internal matter of the business b. It’s an example of whistle blowing since it is to protect the company’s best interest c. It’s an example of Whistle blowing since it is reported to the top Management d. It is not an example of Whistleblowing since there is no wrongdoing reported

Manufacturing businesses at some point will need to invest in capital equipment, in the form of machinery, vehicles, buildings and other equipment. Capital equipment investment is decision premised up complex financial and operational requirements, but it is a decision no business can avoid permanently. Mosetsana Pads has currently outsourced the manufacturing and distribution of their products, but they are considering bringing both aspects back in-house, since the business is growing and has garnered enough market share to warrant that level of expenditure and expansion.

PLease answer part A

Providing for doubtful accounts At the end of the current year, the accounts receivable account has a debit balance of $918,000 and sales for the year total $10,400,000. a. The allowance account before adjustment has a debit balance of $12,400. Bad debt expense is estimated at 1/4 of 1% of sales. b. The allowance account before adjustment has a debit balance of $12,400. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $39,700. c. The allowance account before adjustment has a credit balance of $9,300. Bad debt expense is estimated at 1/2 of 1% of sales. d. The allowance account before adjustment has a credit balance of $9,300. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $77,200. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. b. C. d. $ S

Green manufactures agricultural equipment and is planning to develop and launch a new fuel efficient tractor.   Required: Discuss how the strategic management accounting technique Activity Based Management (ABM) could offer Green opportunities for improving performance and ways to seek to achieve cost reduction.

Plan for potential investors for 39 Storage https://www.39storage.com/ (This Company) Cover these points below Identify the problem to be solved. Introduce your solution to the problem. Discuss your beginning traction for getting sales. Identify the target market. Explain the costs of acquiring customers in your target market. Communicate the value proposition relative to competitors. Describe the basics of the revenue model. Provide financial projections, along with the assumptions. Sell the team. Identify your funding needs, and explain the use of the funds (the investment price must be stated) Describe possible exit strategies—how the investors may be able to cash out. End on a high note—remind investors why your product/service/team is so great.

Abduallh, the Internal auditor of TATI Company recommends to the top management about the need for using stock tracking software to ensure effective store management. Which of the following statement holds true about the above statement? a. It’s an example of Whistle blowing since it is reported to the top Management b. It is not an example of Whistleblowing since there is no wrongdoing reported c. It’s an example of Whistle blowing since it is an internal matter of the business d. It’s an example of whistle blowing since it is to protect the company’s best interest

You have performed preliminary analytical procedureson one of your audit engagements and observed the following independent situations:1. The allowance for obsolete inventory increased from the prior year, but the allowance as a percentage of inventory decreased from the prior year.2. Long-term debt increased from the prior year, but total interest expense decreasedas a percentage of long-term debt.3. The dollar amount of operating income is consistent with the prior year althoughthe entity was more profitable on a net income basis.4. The quick ratio decreased from the prior year, although the amount of cash and netaccounts receivable is almost the same as the prior year.Below are possible explanations for each of the observed changes in the financial statementamounts and ratios. For each observed change, select the most likely explanation(s)from the list below. Note: There may be more than one explanation for a given observedchange, and an explanation can be used more than once.a.…

Blue Sky Corporation is planning to issue $1,000 par value bonds. The bonds will have a coupon rate of 14 percent and will be sold at a market price of $1050. Flotation costs will amount to 6 percent of market value. The bonds will mature in 15 years and interest payments will be made semi-annually. The company's marginal tax rate is 21%. What is the firm's after-tax cost of debt financing? 9.38% 11.06% 11.23% 14.00% 14.21%

Critique the use of CDL’s existing weighted average cost of capital for its venture into the solar power generation industry, and hypothesize the impact on the discount rate for this venture. No computation is require, and your answer should not exceed 300 words.

Gadget King Corporation manufactures personal computers, tablets and mobile phones. The company began operations in 2015 and reported profits for the years 2015 through 2018. Due primarily to increased competition and price slashing in the industry, 2019’s income statement reported a loss of P15,000,000. Just before the end of the 2020 financial year, a memo from the company’s chief financial officer to Hendrick Cruz, the company controller and Nathan Santos, the company director for finance, included the following comments:   If we don’t do something about the large number of unsold computers, tablets and mobile phones already manufactured, our auditors will require us to write them off. The resulting loss for2020 will cause a violation of our debt covenants and force the company into bankruptcy. I suggest that you ship half of our inventory to Bilis Benta, Inc., in Quezon City. I know the company’s president and he will accept the merchandise and acknowledge the shipment as purchase.…

20. Which item is the most liquid asset for companies? A:Accounts receivable B:Inventory C:Marketable securities D: Cash

Better Days Ahead, a charitable organization, has a standing agreement with First National BankThe agreement allows Better Days Ahead to overdraw its cash balance at bank when donations are running lowIn the past. Better Days Ahead managed funds wisely and rarely used this privilegeJacob Henson has recently become the president of Better Days. To expand operations, Henson acquired office equipment and spent large amounts on fundraising During Henson's presidency, Better Days Ahead has maintained a negative bank balance of approximately 10,000 What is the ethical issue in this situationI State why you approve or disapprove of Henson's management of Better Days Ahead Funds

[1] True or False (Provide explanation). If a stock's expected rate of return is less than the return the capital asset pricing model provides, a stock is overvalued.

Stationery Supplies uses a 24 percent annual interest rate to represent the cost of capital, and pays a liability insurance for 2% monthly rate of the value of the office supplies. The holding cost consists of both cost of capital and liability insurance cost. Determine the monthly holding cost rate:  ____%.

True or false  1. Interest Rate Parity allows a company to lock in profits by borrowing in the low interest rate currency and investing in the high interest rate currency? 2. When calculating Days Sales Oustanding, it is important to include all credit and cash sales in the equation.

One of your customers is delinquent on hisaccounts payable balance. You’ve mutually agreed to a repayment schedule of $700per month. You will charge 1.3 percent per month interest on the overdue balance. Ifthe current balance is $21,500, how long will it take for the account to be paid off ?

Consider the following information for a particular company and calculate the gross profit percentage. Sales Cost of goods sold Beginning inventory Ending inventory Beginning accounts receivable $26,800,120 18,925,000 48,612 51,644 2,679,112 Beginning allowance for bad debts (120,560) Ending accounts receivable 2,845,591 Ending allowance for bad debts (113,824)

Subject - account  Please help me.  Thankyou.

Explain with detail with examples company’s rationale in maintaining seasonal stocks, anticipatory stocks and safety stocks.

Subject : Accounting

The following is an excerpt from a business plan: "To open our new upscale toy store, We R Toys, we require a total of $225,000. The owners will be providing $100,000 of this amount from their own savings, and their friends and families have promised an additional $25,000. Therefore, We R Toys requires a bank loan of $100,000." In which section of We R Toys' business plan would this information be found? O Executive Summary O Sales Strategies Market Analysis O Financial Projections O Funding Requirements

a Company A and Company B are identical except that Company A's costs are mostly variable, whereas Company B's costs are mostly fixed. When sales increase, which company will tend to realize the greatest increase in profit? Explain.

When a stock Insurance company issues both participating and nonperlepaling polices, the txitiplay & dding Idnes Cha(n); ΟΛ mixed plan alternative plan purchase plan exception plan -B. O C OD.