Calculate cogs - Study guides, Class notes & Summaries

In its first year of business, Miss Take, the bookkeeper, erroneously recorded $10,000 of product costs as period costs. Sixty percent of the inventory has been sold. Which of the following are correct? (Select all that apply.) correct answers Inventory is understated by $4,000 Cost of Goods Sold is understated by $6,000 Twisted Pretzel, Inc. had beginning Work-in-Process Inventory (WIP) of $10,000 and makes only one product. It incurred the following costs during the year: Factory producti...

WGU C213 Problem set study Exam Questions and Correct Answers Guaranteed Success 2024/2025 What is operating activities? - Correct Answer all categories on the income statement and all current assets and liabilities. sales, COGS, operating expenses. What is investing activities? - Correct Answer balance sheet accounts; long term assets. property, plant, equipment, investments, cash paid for equipment or investments What is financing activities? - Correct Answer balance sheet accounts. l...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Discounted Cash Flow Exam Questions With 100% Correct Answers What's the basic concept behind a Discounted Cash Flow analysis? - answerThe concept is that you value a company based on the present value of its Free Cash Flows far into the future. You divide the future into a "near future" period of 5-10 years and then calculate, project, discount, and add up those Free Cash Flows; and then there's also a "far future" period for everything beyond that, which you can't estimate as prec...

Financial Analysis Questions and Answers Rated A+ Define financial analysis A systematic means of determining how well the assets of a business are being managed and controlled. Financial analysis is based on information found in financial statements.*The three most commonly used financial statements are:* *•Income Statement* (Statement of Profit and Loss; P and L). *•Balance Sheet* (Statement of Financial Condition). *•Statement of Cash Flows* (How much cash you bring in and how much cas...

What does "hold(ing) period" mean in private equity? : Period of time that it takes a private equity firm to acquire a company using cash raised from private investors Period of time that a private equity firm holds on to LP assets before returning capital to investors Period of time that a private equity firm owns shares in a publicly-traded company before taking it private Period of time that a private equity firm owns an asset before selling it Period of time that a private equ...

Quality _______ is measured by how well the product or service successfully serves its users' purpose. E-commerce sales and door-to-door sales What are two examples of direct distribution channels? Middlemen Indirect distribution channels use _______ to sell their products to the end customers. Idea The first stage of the product/market fit is the ________ stage. prototype The second stage of the product/market fit is the ________ stage. launch The third...

Discounted Cash Flow Exam Questions With 100% Correct Answers What's the basic concept behind a Discounted Cash Flow analysis? - answerThe concept is that you value a company based on the present value of its Free Cash Flows far into the future. You divide the future into a "near future" period of 5-10 years and then calculate, project, discount, and add up those Free Cash Flows; and then there's also a "far future" period for everything beyond that, which you can't estimate as prec...

What is a Mortgage Backed Security - Answer-People in need of loans go to commercial bank for money/loan; commercial bank sells loans to IB for amount loaned out in return for rights of interest payments on loans; IB creates separate entity and issues shares (MBS) at a certain price to make a margin on their original payment to the commercial bank What is a Collateralized Debt Obligation (CDO) - Answer-IBs split mortgages into tranches (senior, mezzanine, equity) from least risky to most ri...

Wall Street Prep Exam:Transaction Comps Modeling Wall Street Prep Exam Questions and Answers | 100% Correct. Company X's current assets increased by $40 million from while the companies current liabilities increased by $25 million over the same period. the cash impact of the change in working capital was a decrease of 15 million 4. the final component of an earnings projection model is calculating interest expense. the calculation may create a circular reference because interest expense...