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GenaCL600 [577]
2 years ago
11

Advantages of installment paying

Business
1 answer:
Fiesta28 [93]2 years ago
8 0

Answer:Advantages of installment payment for your big-ticket spending

Installment allows you to spend smart. If you have the funds, you can always purchase and pay in full. ...

You can make unexpected purchases or payments without putting a dent on your budget. ...

You get to track your finances better. ...

It enables you to stretch the cost of your purchases over a manageable period of time

Explanation:

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Payton Corporation provided the following information for the​ year: Beginning Balancelong dash​Work-in-Process Inventory $ 25 c
lukranit [14]

Answer:

$1,133,000

Explanation:

The computation of the cost of goods manufactured is shown below:

= Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work-in-process inventory - ending work-in-process inventory

where,

Direct material used is

= Opening balance of raw material + purchase made - ending balance of raw material

= $83,000 + $361,000 - $62,000

= $382,000

The manufacturing overhead is

= Indirect labor + Depreciation on Factory Plant and Equipment + Plant Utilities and Insurance

= $18,000 + $22,000 + $272,000

= $312,000

And, the other items would remain the same

So, the cost of goods manufactured is

= $382,000 + $469,000 + $312,000 + $25,000 - $55,000

= $1,133,000

We simply applied the above formula to determine the cost of goods manufactured

4 0
3 years ago
Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same
Arte-miy333 [17]

Answer:

                                                            Fatboy         Screamer          Total

Direct labor                                 .   $ 2,000,000   $ 4,000,000   $ 6,000,000

Indirect materials                        .       $600,000    $1,200,000    $1,800,000

Other overhead                          .    $1,400,000   $2,800,000    $4,200,000

Materials cost                              .    $4,000,000  $12,000,000   $16,000,000                                                          

Total cost                                     .   $8,000,000 $20,000,000 $28,000,000

Number of units                           .       2,000              4,000               6,000

Unit cost                                       .      $4,000            $5,000            $4,667

Explanation:

Assign the Material Cost to the Products appropriately. The conversion costs musts be allocated based on the number of units assembled. Conversion costs is the sum of Direct Labor and Manufacturing Overheads (Indirect Costs).

7 0
2 years ago
Crispy Fried Chicken bought equipment on January 2​, 2016​, for $ 18 comma 000. The equipment was expected to remain in service
qaws [65]

Answer:

Please check the attached image for the depreciation schedule

2. Units of production method

Explanation:

Book value in year 1 = Cost of asset - Depreciation expense of year 1

Book value in year in subsequent years = previous book value - that year's depreciation expense

Accumulated depreciation is sum of deprecation expense

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($18,000 - $3,000) / 4 = $3,750

Depreciation expense each year of the useful life is $3,750

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Deprecation factor = 2 x (1/useful life) = 0.5

Depreciation expense in year 1 = 0.5 x $18,000 = $9,000

Book value = $18,000 - $9,000 = $9,000

Depreciation expense in year 2 = 0.5 × $9,000 = $4,500

Book value = $9,000 - $4,500 = $4,500

Depreciation expense in year 3 = 0.5 x $4,500 = $2250

Book value = $4,500 - $2250 = $2250

Depreciation expense in year 4 = 0.5 × $2250 = $1125

Depreciation expense using the unit of production method =( Total production in the year/ total productive capacity) × (cost of asset - Salvage value)

Depreciation expense in year 1 = ($18,000 - $3,000) x (300 / 3000) = $1,500

Depreciation expense in year 2 =18,000 - $3,000) x (900 / 3000) = $4,500

Depreciation expense in year 3 = (18,000 - $3,000) x (1200 / 3000) = $6,000

Depreciation expense in year 3 = (18,000 - $3,000) x (600 / 3000) = $3,000

The Units of production method tracks wear and tear accurately because deprecation depends on the production each year.

I hope my answer helps you

6 0
3 years ago
A customer is interested in purchasing new furniture for their living room. Using a mobile phone, the customer opens a special a
Kaylis [27]

When a customer who wants to buy new furniture for his living room uses his mobile phone and opens an app that uses the camera to overlay different furniture options, this is a type of technology corresponding to augmented reality.

<h3 /><h3>Augmented reality technology</h3>

It is based on the interaction of the user of the virtual world with the real world, through perceptual information generated by a computer, which transmits sensorial modalities, creating an experience of the virtual environment closer to reality.

Therefore, the use of augmented reality can generate greater business innovation, generating greater value for the consumer through faster and more effective interaction and shopping experience and service.

Find out more information about augmented reality here:

brainly.com/question/9054673

8 0
2 years ago
Christian and Monica are married and are both in good health with reasonably secure careers. Christian and Monica have annual in
scZoUnD [109]

Answer:

$81,750

Explanation:

The computation of the amount of total insurance is shown below:

= (Home mortgage loan + car loans + personal debts + credit card loans) ÷ 2  + estimated funeral cost

= ($120,000 + $10,000 + $14,000 + $7,500) ÷ 2 + $6,000

= $75,750 + $6,000

= $81,750

Under the DINK method, we simply half of the items except funeral cost

5 0
3 years ago
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