Inventories at the end of 2017 were overvalued. At the end of 2018, stocks were right....
Inventories at the end of 2017 were overvalued. At the end of 2018,
stocks were right. What effect does the stock have in the 2018
right, on the margin in 2018?
choices (1 correct)
The inventory correction has no effect on the margin.
The margin is underestimated.
The margin is overestimated.
Has no effect.
Homework Answers
Answer is The Margin is underestimated
Reason ,
Ending Stock of 2017 is the beginning stock of 2018
if beginning stock overvalued ,it result under statement of profit.
Beginning stock is the part of cost of goods sold,if beginning stock overvalued it result increase in cost of goods sold,if cost of goods sold increase it result decrease in current year(2018) margin
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Inventories at the end of 2017 were overvalued. At the end of 2018,
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Please show the calculation steps, Thank you. 2017 2018 $12.17 Year-end common stock price Year-end shares...
Please show the calculation steps, Thank
you.
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3rd answer is 3.95 and 4th is 9.76
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Fantasy Fashions had used the LIFO method of costing inventories, but at the beginning of 2018 decided to change to the FIFO method. The inventory as reported at the end of 2017 using LIFO would have been $13 million higher using FIFO. Retained earnings reported at the end of 2016 and 2017 was $233 million and $253 million, respectively (reflecting the LIFO method). Those amounts reflecting the FIFO method would have been $243 million and $265 million, respectively. 2017 net...
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Please show the calculation steps, Thank
you.
2017 2018 $12.17 Year-end common stock price Year-end shares outstanding $6.00 250,000 100,000 40% Tax rate 40% Balance Sheets Prepare the following: Assets Cash and equivalents Short-term investments Accounts receivable Inventories Total current assets Gross Fixed Assets Less Accumulated Dep Net Fixed Assets Total Assets 2017 2018 $14,000 &718 $71,632 $878,000 S1,716,480 $2,680,112 $1,220,000 $7,282 1). Statement of Cash Flow 2018 $20,000 S632,160 $1,287,360 $1,946,802 $1,202,950 $263,160 2). Free Cash Flow available for...
In 2018, Hopyard Lumber changed its inventory method from LIFO to FIFO. Inventory at the end of 2017 of $106,000 would have been $124,000 if FIFO had been used. Inventory at the end of 2018 is $138,000 using the new FIFO method but would have been $130,000 if the company had continued to use LIFO What is the effect of the change on 2018 cost of goods sold? higher 2018 cost of goods sold is
3rd answer is 3.95 and 4th is 9.76
Howard Inc's net income for 2018 was $33,180. The Company's weighted-average common shares outstanding for 2018 were 8,400. The company has no preferred stock. The market price per share of the common stock on December 31, 2018 was $12.50. The company sold 3,400 shares before the end of the year. There were no other stock transactions. What are Howard's earnings per share for 2018? Mutiple Choice $2.81 5664 None of the other...
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