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3 years ago

Country with less than average progress in technology production and socio economic welfare

1 answer:

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Countries that are in this state are measured according to the said three major areas. If it performs below the average, it means that the Gross National Product (GNP), Gross Domestic Product and Gross National Income are all low. The countries are categorized as Least Developed Countries (LDC's). The United Nations identified the following countries in Asia as LDC; Afghanistan, Bangladesh, Bhutan, Cambodia, East Timor, Laos, Myanmar Nepal and Yemen.

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Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1, year 1, and its costs

vova2212 [387]

Answer:

Explanation:

Direct Material cost per unit = Cost of Direct materials/ units produced = $3400/17000 mugs = $0.20 per mug

Direct material used per mug = 0.40 pounds

Direct material cost per pound = $0.20 / 0.40 = $0.50 per round

Direct material inventory = 3400 * $0.50 = $1700

b. Compute the finished goods ending inventory in units on December 31, year 1.

Finished Goods inventory (in units) = Finished goods inventory / manufacturing cost per unit

Manufacturing cost per unit = (Direct material + Direct Labour + Indirect manufacturing cost)/Units Produced

= ($3400+$25280+$1140+$4180)/17000 = $2 per unit

Finished Goods inventory (in unit) :

Year 1 = $6,000/$2 = 3000 units

c. Compute the selling price per unit.

Selling price per unit = Revenues / units sold

Units sold = Units produced - units in the ending finished goods inventory = 17000-3000 = 14000

Selling price per unit = $52,500/14000 = $3.75

d.Compute the operating profit (loss) for year 1

Operating income for the year :

Revenues $52,500

Cost of goods sold (14000*$2) (28000 )

-----------------------------------------------------------------

Gross Margin $24,500

Less marketing and administrative cost:

Variable cost ($2,350)

Fixed cost ($11,800)

-----------------------------------------

($14,150)

Operating Profit $10,350

7 0

3 years ago

Leaders who function primarily by clarifying role and task requirements to accomplish established goals exhibit a(n) ________ st

aksik [14]

Answer: transactional

Explanation:

5 0

3 years ago

Use the following quotation to answer the question.“If men were angels, no government would be necessary.” —James Madison, Feder

serg [7]

Answer:

2. Government is necessary, because people do not always behave perfectly.

Explanation:

Option 1 is wrong because if the government cannot control people, there is no use of making policy. It contradicts James Madison's quota.

Options 3 and 4 are incorrect because the government is a necessary element.

Option 2 is correct, as the government is an essential element. Without government, people may become clueless and clumsy. To make peace in the nation, the government has to control its people.

6 0

3 years ago

Suppose that an installment plan calls for five payments to be made. The total paid in this plan is 20% more than the price woul

ollegr [7]

Answer:

The answer is $48.

Explanation:

20% of $200 is 40. So the total amount they will pay is $240. Since there will be five payments you divide this by five. That makes %48.

4 0

3 years ago

Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning

yan [13]

Answer:

1. Adjusted net income = Ending inventory higher by amount * (1-Tax rate) = $70,000*(1-34%) = $70,000 * 66% = $46,200

Details Amount

Beginning retained earnings for the year 2017 $880,000

Add: Adjusted net income $46,200

Beginning adjusted retained earnings for year 2017 $926,200

2. Tax payable = Inventory * Tax rate = $70,000*34% = $23,800

Date Account Titles and Explanation Debit Credit

Inventory $70,000

Retained earnings $46,200

Tax payable $23,800

(To record adjustment of ending inventory)

6 0

3 years ago