Answer:
$12,280,000.
Explanation:
All the direct costs involved in the manufacturing of a product except fixed cost is called prime cost e.g direct material, direct labor etc.
Direct Material = $4,200,000
Direct labor = $8,080,000
Total Prime cost = Direct material + Direct labor = $4,200,000 + $8,080,000 = $12,280,000
Overhead costs are not classified as the prime cost because these are indirect costs.
Answer: The following would be the best recommendation: <u><em>Smart watch</em></u>
<u><em>Under this case the associate is purchasing the gift for his friend and from the given option it can be easily stated that smart watch will the best gift. </em></u>
Smart watch will help his friend and give him the ability to chat activity while keeping in contact with the home office.
<u><em>Therefore, the correct option is (a).</em></u>
Answer:
FIFO - $22,880
LIFO - $21,120
Explanation:
The FIFO inventory system means first in, first out. It means the initial inventory is the first to be sold. The ending inventory would consist of the last purchased inventory.
Ending inventory = 52 ×$440 = $22,880.
The LIFO inventory system means last in, first out. It means the last purchased inventory are the first to be sold . The ending inventory would consist of the initial inventories.
Ending inventory = (36 units × $400) + [(52-36) × 420] =$14,400 + $6,720 = $21,120
I hope my answer helps you
(B) To verify the factual accuracy investment bankers review an equity research report prior to publication.
<h3>
What are investment bankers?</h3>
- A financial institution's investment banker is largely responsible for obtaining cash for firms, governments, or other entities.
- The investment banking industry is attractive because it pays handsomely.
- Investment bankers must have great verbal and writing communication skills, as well as the ability to work long and demanding hours.
- Prior to publication, investment bankers analyze an equities research report to ensure its accuracy.
- Large, complex financial transactions are facilitated by investment bankers.
- These transactions may include arranging for a client's acquisition, merger, or sale.
- Another duty of investment bankers is to issue securities in order to raise capital.
As the description itself says, prior to publication, investment bankers analyze an equities research report to ensure its accuracy.
Therefore, (B) to verify the factual accuracy investment bankers review an equity research report prior to publication.
Know more about investment bankers here:
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Complete question:
Under what circumstances may investment banking personnel review an equity research report prior to publication?
A) To prevent a recommendation that may alienate a client company
B) To verify its factual accuracy
C) Under no circumstances
D) To ensure a favorable recommendation
