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ki77a [65]
3 years ago
8

The Fabricating Department started the current month with a beginning Work in Process inventory of $11,300. During the month, it

was assigned the following costs: direct materials, $77,300; direct labor, $25,300; and factory overhead, 60% of direct labor cost. Also, inventory with a cost of $115,500 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is:
a. $15,260.
b. $68,796.
c. $110,300.
d. $61,860.
e. $178,296.
Business
1 answer:
notsponge [240]3 years ago
5 0

Answer: $13,580

Explanation:

The ending balance of the Work in Process:

= beginning Work in Process inventory + direct materials + direct labor + factory overhead - transferred out of the department

= $11,300 + $77,300 + $25,300 + $15,180 -  $115,500

= $13,580

Therefore, the ending balance of the Work in Process Inventory account for the Fabricating Department is $13,580.

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Pad 2 = folded 2 times
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3 years ago
A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $14,000 eac
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Answer:

Ans. the rate of return of this invesment is 3.5278% annual.

Explanation:

Hi, what we need to do here is to find the future value of all six payments, beginning when the child turns 12, which will end when he turns 17. One year later (when the child turns 18) he will receive $25,000 per year, for the next 4 years. This is the equation that we need to use (and solve for "r").

\frac{A_{1}((1+r)^{6}-1)  }{r} =\frac{A_{2}((1+r)^{4}-1)  }{r(1+r)^{4} }

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So, everything should look like this

\frac{14,000((1+r)^{6}-1)  }{r} =\frac{25,000((1+r)^{4}-1)  }{r(1+r)^{4} }

As you can see, this would take forever to solve, so what we have to do is to use MS Excel, we have to use the "Goal Seek" function. Please check the MS Excel spread sheet attached to this answer.

Please use this function with the following parameters.

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By changing cell: G2

Ans. 3.5278%

Best of luck.

Download xlsx
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3 years ago
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Answer:

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Currently digby is paying a dividend of $19. 67 (per share). if this dividend were raised by $3. 64, given its current stock pri
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Given its current stock price the dividend yield would be 42.39%.

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3 0
1 year ago
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Answer:

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