Answer:
cost of goods manufactured= $5,000
Explanation:
Giving the following information:
Beginning Finished Goods Inventory= 12,000
Ending Finished Goods Inventory= 8,000
Cost of Goods Sold= $9,000
To calculate the cost of goods manufactured, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
Isolating cost of goods manufactured
cost of goods manufactured= -beginning finished inventory + COGS + ending finished inventory
cost of goods manufactured= -12,000 + 9,000 + 8,000
cost of goods manufactured= $5,000
Bad credit, defined by FICO as a score of 300 to 629, is a common reason that lenders reject small-business loan applications. Borrowers with poor credit scores are considered at higher risk of defaulting on a loan. Still, even with bad credit, you have financing options, including online loans.
Answer:
1. Calculate the net profit margin and accounts receivable turnover for 2019
Net profit margin = Net income/Net sales
Net profit margin = 36,000/(219000-4000)
Net profit margin = 16.74%
A/R turnover = Sales/Average turnover
A/R turnover = (219000-4000)/((32000+39000)/2)
A/R turnover = 6.06
2. How much does Nash make on each sales dollar?
= 36,000 / (219000-4000)
= 36,000 / 215000
= $0.17
3. How many days does the average receivable take to be paid (assuming all sales arc on account)?
Days Sales Outstanding = Average account receivables*365 / Net credit sales
Days Sales Outstanding = [((32000+39000)/2)*365] / (219000-4000)
Days Sales Outstanding = 12957500/215000
Days Sales Outstanding = 60 days
The answer to this question is the term which we commonly heard as "PLATFORM". Hence when the main advantage of enterprise resource planning (ERP) is that it describes a PLATFORM that ensures connectivity and easy integration of future systems including in-house software and the commercial packages. In this case, the analyst must consider the architecture of the system.
Answer:
the allocated direct manufacturing overhead costs of Job 56 is $25
Explanation:
Overheads in manufacturing process are allocated to jobs or products using cost drivers or surrogates.
<em><u>First Step : Determine the Pre-determined Overhead rate</u></em>
Pre-determined Overhead rate = Budgeted Overheads / Budgeted Activity
= $2,000 / 800
= $ 2.50 per labor hour
<em><u>Step 2 : Determined the Amount of Overhead allocated to Job 56 based on labor hours utilised</u></em>
Overhead for Job 56 = Pre-determined Overhead rate × Hours Used
= $ 2.50 × 10
= $25
