1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bekas [8.4K]
1 year ago
14

Otool Incorporated is considering using stocks of an old raw material in a special project. The special project would require al

l 160 kilograms of the raw material that are in stock and that originally cost the company $1,936 in total. If the company were to buy new supplies of this raw material on the open market, it would cost $8 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $6.95 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $83 for all 160 kilograms. What is the relevant cost of the 160 kilograms of the raw material when deciding whether to proceed with the special project
Business
1 answer:
maxonik [38]1 year ago
7 0

The relevant cost of the 160 kilograms of the raw material when deciding whether to proceed with the special project  is $1,029.

<h3>Relevant cost</h3>

Using this formula

Relevant cost=(Numbers of kilogram of raw material × Discounted price per kilogram)- Delivery cost

Let plug in the formula

Relevant cost=( 160 kilograms× $6.95 per kilogram) -$83

Relevant cost=$1,112-$83

Relevant cost=$1,029

Therefore the relevant cost of the 160 kilograms of the raw material when deciding whether to proceed with the special project  is $1,029.

Learn more about relevant cost here:brainly.com/question/14041700

#SPJ12

You might be interested in
A $50,000 note payable is retired at its $50,000 carrying (book) value in exchange for cash. The only changes affecting retained
Andre45 [30]

Answer:

Increase in Cash is $3,500

Net cash flow from operations $143,310

Net cash flow from investing activities $4,500

Net cash flow from Financing activities -$135,310

Explanation:

Please refer to the attached for detailed prssentation

5 0
3 years ago
The balance sheet of Cattleman's Steakhouse shows assets of $86,800 and liabilities of $14,800. The fair value of the assets is
xxMikexx [17]

Answer:

The goodwill is $9,220

Explanation:

Goodwill is the excess of purchase consideration paid to acquire a business over the fair value of net assets acquired.

Fair value of net assets acquired is the difference between the fair of assets acquired over the fair value of liabilities taken up which is shown below.

Net assets=$89,600-$14,800

Net assets =$74,800

Since purchase consideration paid is $84020

Goodwill=$84,020-$74800

Goodwill=$9,220

The goodwill of $9220  represents the premium paid over the net assets of Catteman's Steakhouse as a compensation to the owners of the business in return for their efforts of running the business and see go through different phases of development since the establishment of the business.

6 0
3 years ago
The accounting process of ensuring accuracy and completeness includes Journalizing transactions timely using ledgers and journal
avanturin [10]

Answer:

The accounting process of ensuring accuracy and completeness includes Journalizing transactions timely using ledgers and journals, closing entries, create a trial balance, make adjusting entries, create adjusting trial balance and prepare the four basic financial statements (balance sheet, income statement, changes in net assets/equity and cash flows). Note, adjusting entries are not necessary but reversals are a must in this process. This statement is:________.

A. True

7 0
3 years ago
Read 2 more answers
If you were a career woman and time for you to love to do becomes a problem,which would you prefer to use of your baking needs—
Alina [70]

Answer:

Just Choose an side.

Explanation:

Would you rather use a store-bought mix, or a homemade mix? (Just choose one).

For homemade: I chose this because I would like to try something new and make different flavors, if it is a success.

For store-bought: I chose this because I want it to be easy for me to make, and has all the steps on the back of the box.

3 0
3 years ago
On December 31, 2017, Beta Company had 320,000 shares of common stock issued and outstanding. Beta issued a 4% stock dividend on
rosijanka [135]

Answer:

The answer is 324,050 shares

Explanation:

Stock dividends adds to the total number of shares outstanding while treasury stock(buy-back) reduces the total number of outstanding shares.

Beta issued a stock dividend of 4percent. Meaning the outstanding shares will increase by 4percent.

1.04 x 320,000 shares

=332,800 shares is the total number of outstanding shares before treasury stock.

Treasury stock issued on September 30, 2018. This means we have 3months(October 1 - December 31st, 2018).

So we have 3/12 x 35,000 shares

= 8,750 shares

Therefore, the appropriate number of shares to be used in the basic earnings per share computation for 2018:

=332,000 shares - 8,750 shares

= 324,050 shares

6 0
3 years ago
Other questions:
  • The direct exchange of goods and services for other goods and services is known as
    14·1 answer
  • In 2019, Rashaun (62 years old) retired and planned on immediately receiving distributions (making withdrawals) from his traditi
    5·1 answer
  • What is networking in business?
    9·1 answer
  • For which of the following goods is the income elasticity of demand likely highest?
    7·1 answer
  • Assume that​ "cost of​ processing" includes all labor and​ materials, including the​ owner's wages. Assume further that​ Isabel'
    15·1 answer
  • Crane Company is planning to sell 870000 units for $1.50 per unit. The contribution margin ratio is 20%. If Crane will break eve
    5·1 answer
  • Assume that securitization combined with borrowing and irrational exuberance in Hyperville have driven up the value of existing
    14·1 answer
  • Typical structure characteristics of interest to Industrial Organization researchers include a.​Barriers to entry b.​Product
    5·1 answer
  • The kraft heinz company mainly uses _______ for its mix of products.
    12·1 answer
  • PLEASAE HELP ME YOU GUYS!!!!!!!!!!!!!!! 40 POINTS IF YOU ANWSER ALL!!!!
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!