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4 years ago

A business cycle reflects in economic activity, particularly real GDP. The stages of a business cycle

1 answer:

3 0

A business cycle reflects in economic activity, particularly real GDP. The stages of a business cycle are expansion, peak, contraction and trough. When a business expans there is an increase in imployment, growth within the economy or an increase in price of the good or service. The peak is the highest point in the business cycle for a company where the maximum output is being produced. Contraction is when growth starts to slow down, employment declines and pricing starts to stay stable. The trough is when the economy has hit a bottom rock and eventually the next phase of expanision and contraction will happen.

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The Assembly Department started the month with 78,000 units in its beginning Work in Process Inventory. An additional 254,000 un

Gala2k [10]

Answer:

Outflow from assembly= 311,000 units

Explanation:

The assembly department in this scenario handles the work in process part of production.

Production involves different stages that includes: Raw material, work in process, finished goods.

Products flow through these different stages.

To calculate the amount transferred out we need to first calculate total WIP within the month

Total WIP= Inflow of product + Beginning inventory

Total WIP= 254,000 + 78,000

Total WIP= 332,000

Outflow from assembly= Total WIP - Ending WIP

Outflow from assembly= 332,000 - 21,000

Outflow from assembly= 311,000 units

7 0

4 years ago

Bramble Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follow

Alecsey [184]

Answer:

Bramble Company

The gross profit for the month is:

$2,588.50

Explanation:

a) Data and Calculations:

Selling price = $12

Date Units Per unit price Total Balance,

Beginning Inventory 1/1/18 200 $6.00 $1,200

Purchase, 1/15/18 70 5.30 371

Purchase, 1/28/18 70 5.40 378

Cost of goods available 340 $1,949

Calculating the cost of goods available for sale allocated to, using FIFO:

Ending inventory 1/31/18 85 (70 * $5.40 + 15 * $5.30) = $457.50

Cost of goods sold, 255 units ($6.00 * 200 + 55 * $5.30) $1,491.50

Income Statement, December 31, 2018:

Sales Revenue = ($12 * 340) $4,080.00

Cost of goods sold 1,491.50

Gross profit $2,588.50

3 0

3 years ago

A company uses a periodic inventory system. On April 1, the company had 9 items of beginning inventory with a cost of $13 per un

____ [38]

Answer:

$190.75

Explanation:

In this question, we are asked to use weighted average method to find the cost to which the 14 units sold is closest to.

We proceed as follows;

On April one, there were 9 items in the inventory with a cost of $13 per item. The total cost here would be 13 * 9 = $117

On April 18th, we had 15 items at $14 cost per piece which gives a total of 14 * 15 = $210

On April 29, 14 units were sold. We need to find the cost to which this was closest using the weighted cost approach.

The total costs for April 1 and 18 would be $117+ $210 = $327

The weighted average cost per unit on both dates is $327/24 = $13.625

The cost of 14 units sold would be = 14 * $13.625 = $190.75

8 0

4 years ago

Read 2 more answers

the following are characteristics shared by both for-profit and not-for-profit corporations EXCEPT ________.

MArishka [77]

The following are characteristics shared by both for-profit and not-for-profit corporations EXCEPT <span> issuing shares of stock</span>

4 0

4 years ago

A stock's price fluctuations are approximately normally distributed with a mean of $104.50 and a standard deviation of $23.62. Y

denpristay [2]

Answer:

$ 74.23

Explanation:

We are given the following:

mean, μ = $ 104.50

standard deviation, σ = $ 23.62

Using the z-score table, we have

P(Z < z) = 10% (since we are evaluating lowest 10% of values)

hence P(Z < z) = 0.10

P(Z < -1.282 ) = 0.10

z = -1.282 (this evaluates to 0.1 on the z-score table)

Using z-score formula,

x = z *σ + μ

substituting the values,

x =- - 1.282 * 23.62 + 104.50

= 74.23

The most for the stock is $ 74.23

6 0

3 years ago