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USPshnik [31]
3 years ago
13

For the Mixing Department, unit materials cost is $8 and unit conversion cost is $12. If materials are added at the beginning of

the process and there are 6,000 units in the ending work-in process which are 75% complete as to conversion costs, what are the costs that should be assigned to the ending work-in process inventory?
Business
1 answer:
VladimirAG [237]3 years ago
5 0

Answer:

The costs that should be assigned to the ending work-in process inventory is $102,000.

Explanation:

the costs that should be assigned to the ending work-in-process inventory = $8×6000 + 0.75×$12×6000

               = $102000

Therefore, the costs that should be assigned to the ending work-in process inventory is $102,000.

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On January 15, Cheyenne Corp. sells merchandise on account to Flounder Associates for $4500 with terms 2/10, n/30. On January 20
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Answer:

The amount of cash received on January 24 is $3332

Explanation:

The amount of cash received will be for the net amount of receivable after adjusting for sales returns and the sales discount as the payment is received within the discount period of 10 days as stated by the term 2/10 which means a 2% discount if payment is received within 10 days of sale.

The accounts receivable at January 15 after sale were $4500. Out of this amount, $1100 of returns are made. Thus, the remaining balance of accounts receivables after return is $4500 - $1100 = $3400

The discount received will be = 3400 * 2% =  $68

Thus, the cash received on January 24 will be 3400 - 68  =  $3332

6 0
4 years ago
To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask? Select th
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Maximizes the impact of the HR profession on organizational decision-making and ... contrast, stable employers do everything they can to retain their employees. More than three million Americans lost their jobs in 2008.
4 0
3 years ago
Read 2 more answers
A property management company hit its corporate goals for the year by increasing profits by 5%, two points higher than its 3% go
oksano4ka [1.4K]

Available Options Are:

A. Continue training to improve its employees' skills  

B. Promote the best associates to managers  

C. Threaten lay-offs if goals are not hit  

D. Provide positive reinforcement for hitting goals

Answer:

Option D. Provide positive reinforcement for hitting goals

Explanation:

The training program is not required as the managers are already trained which means their is not skills deficit which has resulted in not achieving the business goals. Hence Option A is incorrect.

Option B is also incorrect because previously the same managers had achieved the goals hence promoting best associates to managers will not be impact making.

Option C is incorrect because threatening may result in further demotivating employees and it will also increase employee turnover. Hence it is also not a solution.

Option D is correct because the employees are demotivated and all they need is motivation which can be developed by developing a system of reward. This can be achieved by linking their interests with the company's interest. If they achieve their target then they must be awarded a certain portion of the target say 1%. This will increase their motivation to earn more by making additional sales.

7 0
3 years ago
The typical selection process has several well-structured steps. This process includes:
Alex

The typical selection process has several well-structured steps. This process includes setting up interviews, performing background checks on selected candidates, and establishing probationary periods.

The process of selection involves finding and recruiting candidates to fill open positions in a business. The process of choosing employees involves matching their credentials and skills to the needs of the firm.

Selecting the best applicant for a job opening that is open in a business is referred to as selection. It entails the process of interviewing candidates and assessing their qualifications and skills for a particular position.

Learn more about selection process here

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3 0
2 years ago
In 2016, Southwest Airlines had negative net working capital of $(2,346) million and current assets of $4,498 million. The firm’
timofeeve [1]

Answer:

B. $6,844 million.

Explanation:

We know,

Net working capital = Current asset - Current liabilities

Given,

Net working capital = $(2,346) million

Current asset = $4,498 million

Putting the value into the formula, we can get

Net working capital = Current asset - Current liabilities

Current liabilities = - Net working capital + Current asset

Current liabilities = - (2,346) + $4,498

Current liabilities = $2,346 + $4,498

Current liabilities = $6,844 million.

Option B is the correct answer.

7 0
3 years ago
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