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Goshia [24]
3 years ago
14

Burgundy Manufacturing uses a process cost system and computes cost using the weighted average method. During the current period

, the beginning work-in-process inventory cost was $13,525. Manufacturing cost added was $57,000. If Burgundy's ending work-in-process inventory was valued at $15,100, then cost of goods transferred must have been?
Business
1 answer:
Yanka [14]3 years ago
7 0

Answer:

$55,425

Explanation:

The computation of the costs of goods transferred is shown below:

= Beginning work-in-process inventory cost + manufacturing cost added -  ending work-in-process inventory cost

= $13,525 + $57,000 - $15,100

= $55,425

We simply added the Beginning work-in-process inventory cost and deduct the ending work-in-process inventory cost to the manufacturing cost so that the correct amount can come.

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In BCG portfolio analysis, products in low-growth markets that have received heavy investment and now have excess funds availabl
Helen [10]

Answer:

c) cash cows

Explanation:

Cash cows -

They are the product lines with relatively higher share in the market due to the result of the previous investment , but the growth is market is low .

The generation of cash is more and hence , can be used to support the other product lines .

Hence from the question data , the correct answer is cash crows .

6 0
3 years ago
In January 2021, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir
ale4655 [162]

Answer:

c. $215,000

Explanation:

The computation of the amount charged to income is shown below:

But before that first we have to determine the book value as on Jan 2024 which is

Total patent cost

= $200,000 + $50,000

= $250,000

Amortized cost till year 2024 is

= ($250,000 ÷ 10 years) × 3 years

= $75,000

The three years is counted from 2021 to 2024

Now

Book value on Jan 2024 is

= $250,000 - $75,000

= $175,000

So,

Amount charged to income  is

= $175,000 + $40,000

= $215,000

6 0
3 years ago
If real GDP is $500 billion, full employment GDP is $300 billion, and the marginal propensity to consume is 0.9, then Congress s
melomori [17]

Answer:

tax increased = $22.22 billion

so correct option is 3. increase taxes by $22.22 billion.

Explanation:

given data

real GDP = $500 billion

employment GDP = $300 billion

marginal propensity = 0.9

solution

we know here that Inflationary gap will be

Inflationary gap = Real GDP - Full-employment GDP

Inflationary gap = $(500 - 300) billion

Inflationary gap = $200 billion

and tax Multiplier is

Tax Multiplier  = \frac{- marginal propensity}{1 - 0.9}

Tax Multiplier  = -9

here negative sign means that decrease real GDP by $9

so tax should be increased by $1

so we can say that decrease real GDP by $200 billion

and  tax should be increased = \frac{200 billion}{9}  

tax increased = $22.22 billion

so correct option is 3. increase taxes by $22.22 billion.

3 0
3 years ago
earned net sales revenue of $62,000,000 in 2016. Cost of goods sold was $41,540,000​, and net income reached $9,000,000​, the​ c
Gekata [30.6K]

Answer:

33%

Explanation:

The gross profit percentage is also known as the gross margin which is the ratio of the gross profit to sales. it shows the amount of gross profit earned per $1 of revenue made.

The gross profit is the difference between the sales and the cost of goods sold.

Gross profit for 2016

= $62,000,000 - $41,540,000

= $20,460,000

Gross profit percentage

= $20,460,000 /$62,000,000

= 0.33

= 33%

3 0
3 years ago
1. Although a promise to give value in the future is a valid consideration to support a contract, it does not constitute _______
Angelina_Jolie [31]

Answer:

1. sufficient

2. performed; HDC; holder

Explanation:

The holder in due course which is popularly referred to as the HDC is a person who has been given an instrument that is negotiable and not overdue in any form. The instrument has also been given in good faith which shows that the instrument is in good working condition. The HDC is eligible to purchase the instrument in a value for value exchange form.

8 0
3 years ago
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