Answer:
Stuart Manufacturing Company
Assets = $107,200
Explanation:
a) Data and Calculations:
Cash Account
Common stock $89,000
Furniture (32,000)
Equipment (40,000)
Salaries (12,000)
Wages (21,000)
Raw materials (26,000)
Sales 72,000
Cash balance $30,000
Inventory:
Cost = $26,000
Units produced = 10,000 units
Cost per unit = $2.60 ($26,000/10,000)
Cost of goods sold = 8,000 * $2.60 = $20,800
Ending inventory = 2,000 * $2.60 = $5,200
Sales Revenue = 8,000 * $9 = $72,000
Assets:
Cash $30,000
Ending inventory 5,200
Furniture 32,000
Equipment 40,000
Total $107,200
b) An asset is something that brings in future cash flows to the business entity. It is made up of Cash and Cash Equivalents, Inventories, Property, Plant, Equipment, and other business investments. Assets are funded from finance provided by creditors and the equity owners, and they generate economic values.
Answer:
The answer is $115.38
Explanation:
Solution
Given that
The annual dividend on preferred stock = $7.50
Required return on preferred stock+= 6.5%
The next step is to find at what price should the preferred stock sell which is given as follows:
The rice of preferred stock = 7.50/6.5%
= $115.38
$115.38 is the price at which the stock preferred was sold.
Answer:
True
Explanation:
"Poka- yoke" is a Japanese term which relates to mistake proofing. The term signifies correcting accidental errors and preventing those from forming part of a product.
The term emphasizes upon creation of such manufacturing techniques which can be used for proofing errors so that operations can be carried out smoothly, efficiently and error free.
The term was first used by Shigeo Shingo. It represents a control measure which aims at detection of mistakes and errors on timely basis so as to avoid them from becoming part of the product.
<span>The Obama administration's line of thinking was likely to afford transparency with regard to healthcare. It is likely that the meeting among representatives from hospitals, the insurance industry, medical device and pharmaceutical companies, labor and physicians at the White House was to discuss major steps being taken to lower health care costs across the board.</span>
Answer:
The most sensible position is to understand that theory, while not practical in itself, can be immensely helpful when dealing with pratical matters.
This is because theory gives you a sound conceptual foundation that can be used to analyze the practical context, and approach it with the best possible practical solutions.
Without theory, managers have to rely too much on intuition, which can often fail.
