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MArishka [77]
3 years ago
11

Your company has total wages of $321,000. Your revenue is $976,000. You have just read an industry journal that suggests that wa

ges should be approximately 25% of revenue in your industry. According to the journal article, are your wages too high or low?
Business
1 answer:
VMariaS [17]3 years ago
7 0
The wages are quite a bit higher than industry standard. It's about 33% which is 8% higher.

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A random sample of 12 lunch orders at noodles and company showed a mean bill of $12.99 with a standard deviation of $4.6. find t
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12.99 + 4.6 = 17.59 / 98
6 0
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Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality $ 78,000 Quality data
Makovka662 [10]

Answer:

$102,000

Explanation:

Calculation to determine What would be the total appraisal cost appearing on the quality cost report

Using this formula

Total appraisal cost=Test and inspection of in-process goods + Final product testing and inspection

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Total appraisal cost=$102,000

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8 0
3 years ago
Assume that you purchase a 6-year, 8% certificate of deposit for $1,000. If interest is compounded annually, what will be the va
Dmitry [639]

Answer:

$ 1,586.8743

Explanation:

Calculation to determine what will be the value of the certificate when it matures

Compounded annually

Principal P= 1000

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Period n = 6

Using this formula

A = P (1+r)^n

Let plug in the formula

1000 (1.08)^6

= 1586.8743

Therefore what will be the value of the certificate when it matures is $1586.8743

8 0
3 years ago
The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production
masya89 [10]

Answer:

Total Equivalent Units Conversion    746,000

Explanation:

Breakfast Cereal Maker

Weighted-Average Inventory Method

Total Equivalent Units

                                     Units               Conversion     Equivalent Units

Particulars                                                   %

Units completed         620,000               100 %             620,000

<u>Add Ending WIP          180,000                70 %               126,000</u>

<u>Total Equivalent Units                                                      746,000</u>

<u />

<em>The total Equivalent units are obtained by adding the percent of the units in the ending work in process inventory to the units completed and transferred out. This is the average weighted method of finding the equivalent units.</em>

<em>As only conversion is required we found out the conversion units only.</em>

3 0
3 years ago
Recognition of normal balances The following items appeared in the accounting records of the Tape Box, a retail music store that
WINSTONCH [101]

Answer:

a. The DVDs, CDs, albums, and video games held for sale to customers.

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4 0
2 years ago
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