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3 years ago

Chen Corporation, a new company, adds material at the beginning of its production process; conversion

Business

1 answer:

gladu [14]3 years ago

5 0

Answer:

Option C is Correct ($56,400)

Cost of the company's ending work-in-process inventory=$56,400.

Explanation:

Option C is Correct ($56,400)

Given:

Ending Work in process=2000 units

Conversion= $22

Material= $15

Completed units=15,000 units

Required:

Cost of the company's ending work-in-process inventory=?

Solution:

Material Cost= $15

Conversion Cost= $22 *60%

Conversion Cost= $13.2

Total Cost=Material Cost+Conversion Cost

Total Cost=$15+$13.2

Total Cost= $28.2

Cost of the company's ending work-in-process inventory=Ending Work in process*Total Cost

Cost of the company's ending work-in-process inventory=2000*28,2

Cost of the company's ending work-in-process inventory=$56,400.

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What is the present value of $5,000 due in ten years assuming money grows according to compound interest and the annual effectiv

nadya68 [22]

Answer:

$ 3,085

Explanation:

Given that;

The present value(PV) ------ ???

Future payment (F) ---- $5,000

The annual effective rate are 4%, 5% and 5.5% respectively, which can be illustrated as;

r = 0.04, 0.05 and 0.055 respectively.

The present value formula is given as:

$PV=\frac{F}{(1+r)^n}$

$PV=\frac{5000}{(1+0.04)^3(1+0.05)^2(1+0.055)^5}$

PV = 5000 × (1.04)⁻³(1.05)⁻²(1.055)⁻⁵

= $ 3,084.814759

≅ $ 3,085

8 0

3 years ago

Bringham Company issues bonds with a par value of $540,000 on their stated issue date. The bonds mature in 6 years and pay 9% an

Vladimir [108]

Answer:

1. $24,300

2. 12

3. the bond is trading at a discount.

4. $470,090.86

5. Journal Entry

Cash $470,090.86 (debit)

Bond Payable $470,090.86 (credit)

Explanation:

1. seml-annual Interest payment

Seml-annual Interest payment = ($540,000 × 9 %) ÷ 2

= $24,300

2. Number of seml-annual Interest payment

Number of seml-annual Interest payment = 6 years × 2

= 12

3. Issue

The annual market rate for the bonds (YTM) , 12% is greater than the coupon rate of the bond 9%.

The Price will be less than the par value and we say that the bond is trading at a discount.

4. Computation of the Issue Price, PV

PMT = $24,300

n = 12

YTM = 12 %

FV = $540,000

p/yr = 2

PV = ?

Using a Financial Calculator, the Issue Price, PV is $470,090.86

5. Journal Entry

Cash $470,090.86 (debit)

Bond Payable $470,090.86 (credit)

4 0

4 years ago

Judy acquired passive Activity A in January 2013 and Activity B in July 2014. Until 2018, Activity A was profitable. Activity A

Crazy boy [7]

Answer:

Judy may deduct $54,000 of the net losses.

Explanation:

2018 Passive Activity Limitations $39,500

Passive Income ($33,500) – loss allowed to the extent of passive income

Suspended Passive Activity Limitations $6,000

2019 Passive Activity Limitations $69,500

Passive Income ($21,500) – loss allowed to the extent of passive income

Suspended Passive Activity Limitations $48,000

$54,000 Suspended Passive Activity Limitations

7 0

3 years ago

What is meant by centralised direction

Alla [95]

Centralized direction explain why we often overestimate how well we can predict future actions of others.

I hope that's help:0

5 0

3 years ago

With relationship selling the salesperson would spend most of his or her contact time with the prospect talking about the produc

Vadim26 [7]

True, With relationship selling the salesperson would spend most of his or her contact time with the prospect talking about the product, hoping to close the sale.

<h3>What is the difference between relationship selling and consultative selling?</h3>

The difference between relationship selling vs. consultative selling is that relationship selling consists of building a relationship with a customer over a long time and then relying on that relationship for sales as opposed to short-term gains and creating an interest in the customer in consultative selling

To learn more about relationship selling, refer

brainly.com/question/28120879

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4 0

2 years ago