Answer: $1,575
Explanation:
When using Last In First Out (LIFO) method of inventory valuation, it is assumed that the most current goods purchased are the ones to be sold first. This means that the remaining inventory are the earlier ones purchased.
25 units remain at the end of the year. These will therefore come from;
The 10 units of beginning Inventory at $60 each
The remaining 15 units will come from the first purchase at $65 each.
Amount of Inventory = (10 * 60) + (15 * 65)
= 600 + 975
= $1,575
I have attached the complete question.
Answer:
$975,000
Explanation:
Given that,
Actual direct labor hours used (AH) = 65,000
Actual direct labor rate per hour (AR) = $15
Standard direct labor rate per hour (SR) = $14
Standard direct labor hours for units produced (SH) = 67,000
Actual cost = Actual hours × Actual rate
= 65,000 × $15
= $975,000
Therefore, the actual cost is $975,000.
Answer:
P0 = $216.18147448015 rounded off to $216.18
Explanation:
The dividend discount model (DDM) can be used to calculate the price of the stock today. DDM calculates the price of a stock based on the present value of the expected future dividends from the stock. The formula for price today under DDM is,
P0 = D1 / (1+r) + D2 / (1+r)^2 + ... + Dn / (1+r)^n + [(Dn * (1+g) / (r - g)) / (1+r)^n]
Where,
- D1, D2, ... , Dn is the dividend expected in Year 1,2 and so on
- g is the constant growth rate in dividends
- r is the discount rate or required rate of return
P0 = 4 * (1+0.5) / (1+0.15) + 4 * (1+0.5)^2 / (1+0.15)^2 +
4 * (1+0.5)^3 / (1+0.15)^3 + [(4 * (1+0.5)^3 * (1+0.1) / (0.15 - 0.1)) / (1+0.15)^3]
P0 = $216.18147448015 rounded off to $216.18
Answer:
Four main types of structures of the organization are:
Explanation:
This structure consists of employees performing similar tasks or specialties. For example, in the finance department, accountants are grouped and the same applies to marketing departments, operations, and human resources. This structure enables swift decision-making because the group members have similar skills, can communicate easily, and can also improve their ability by learning from each other.
This structure groups employees according to the products or projects that meet customer requirements of a certain type. For instance, a catering services restaurant could organize the employees by departments, e.g. weddings or wholesale retail departments, according to which they serve. Employees are split so that their performance is maximized.
The traditional top-down management system is impeded by a flat organizational structure. There is no concept of the boss, every employee is the boss, which removes bureaucracy and improves direct contact. For example, an employee with an innovative idea or suggestion need not contact every level of senior management to give the person responsible for the idea. The staff can directly communicate on an individual basis.
A matrix structure has a complex story true as it combines elements from both the functional and the divisional models. It first divides employees according to their specialization, then further separates them into departments according to projects and products. To make this structure a lot of planning and efforts are required but one e achieved increases the productivity of the team, promotes innovation and creativity, and good decision making.
Answer:
b. $14,200
Explanation:
The computation of the bad debt expense is shown below:
= Balance in the Allowance for Doubtful Accounts - wrote off accounts + written off - estimated amount
= $20,000 - $14,400 + $4,200 - $24,000
= $14,200
The computation of the estimated amount is calculated below:
= Ending balance of accounts receivable × uncollectible percentage
= $480,000 × 5%
= $24,000