Answer:
$2,282,700
Explanation:
Calculation to determine the cost of goods sold for the year
Using this formula
Cost of good sold=Cost of goods manufactured for 2020-(Dec. 31, 2019 Work in process inventory-Dec. 31, 2020Work in process inventory)
Let Plug in the formula
Cost of good sold=$2,422,700- ($160,000-$300,000)
Cost of good sold=$2,422,700- $140,000
Cost of good sold=$2,282,700
Therefore the cost of goods sold for the year is $2,282,700
A lender lends money to a homeowner and takes legal title to the property as collateral during the payoff period. they are in a?
Title theory state
In the title theory state, the borrower doesn't hold the title to the property during the credit term. The vendors gives the purchaser a deed to the property, yet when the borrower signs the home loan for credit, the borrower gives title back to the home loan holder i.e. moneylender.
Lender is an individual who makes reserves accessible to an individual or business with the assumptions that the assets will be reimbursed and will incorporated in the installments of any interest or expenses and may happen in increases or as a single amount.
To learn more about title theory state.
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Answer:
Option C is correct one.
expected return of 38 percent; standard deviation of 38 percent
Explanation:
Expected return of 38 % and Standard deviation of 38%. this will be optimum return and not an efficient frontier.
Answer:
Allocated MOH= $825
Explanation:
Giving the following information:
The company recently completed Job M800 which required 150 direct labor-hours.
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (90,000/50,000) + 3.7
Predetermined manufacturing overhead rate= $5.5 per direct labor hour
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 5.5*150
Allocated MOH= $825
Answer:
D
Explanation:
In the above scenario, Diane's decision to gather preference information for the product features is an example of her Determining Research Objectives. Thus option D is the right option.
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