Allsop Company had no beginning inventory. The company purchases 300 units of inventory in January at $5 each, 500 units at $4 each in August, and 200 units at $6 each in November. The company sells 150 units during the year. Allsop uses a periodic inventory system and the LIFO inventory costing method. What is the cost of goods sold?

Answer:

Greenmail

Explanation:

Greenmail is when a firm that is under the threat of a potential hostile takeover attempt buys the outstanding shares of the individual that is posing the hostile takeover threat. this purchase is usually at a premium to market price.

Answer:

Market rate of return is 7.79%

Explanation:

The market rate of return on the stock can be computed using the market price of the stock , which is given below:

share market price =D1/(Expected market return-Dividend growth rate)

share market price is $28.16

D1 is the expected dividend next year which is given by $1.35

expected market return is the unknown

dividend growth rate is 3%

$28.16=$1.35/expected market return-3%

let y be the expected market return

$28.16=$1.35/y-3%

by cross multiplication the equation becomes

$28.16*(y-3%)=$1.35

y-3%=$1.35/$28.16

y=($1.35/$28.16)+3%

y=7.79%

Answer:

7.794%

Explanation:

We can use the Gordon growth model to determine the price of the stock:

current stock price = next year's dividend / (market rate of return - growth rate)

$28.16 = $1.35 / (market rate - 3%)

market rate - 3% = $1.35 / $28.16 = 4.794%

market rate = 4.794 + 3% = 7.794%

*the market rate of return is equal to the required rate of return (RRR)

Answer:

Banks will be able to give out more loans

Explanation:

The Fed demands  banks to maintain a percentage of their deposits as reserves. Reserves are meant to stay within the bank's strongroom to cater for unexpected withdrawals. The banks cannot loan out that money.

Should the Fed lower the reserve requirements, the banks will have more money lend. The proposition of deposits available to issue out as loans will increase.

The Fed influences the level of reserves to direct economic growth. Should the economy be slowing down, the Fed discourages the banks from holding high levels of reserves. Holding low reserves encourages  banks to lend to households and businesses, which stimulates economic growth.  

The journal entries for Gomez Corporation for January 31 and March 9 are being prepared below. This would record the partial recovery of the previously written-off amount.

Journal Entries in the books of Gomez Corporation

                           (as on January 31)

For January 31, when Gomez Corporation writes off the $1,600 account of customer C. Green using the allowance method, the journal entry would be:

1. Debit Allowance for Doubtful Accounts: $1,600
2. Credit Accounts Receivable - C. Green: $1,600

Journal Entries in the books of Gomez Corporation

                              (as on March 9)

The journal entries for March 9, when Gomez Corporation receives a $1,100 payment from C. Green and no additional money is expected, are as follows:

1. Debit Cash: $1,100
2. Credit Allowance for Doubtful Accounts: $1,100

To learn more about "Journal entries" visit: brainly.com/question/15584611

#SPJ11