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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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The slogan of Nature's Source Products is "Loving the Planet." This is more than just an advertising message. The company hires

mylen [45]

Answer: A. Brand alignment

Explanation:

Brand alignment simply means when a company ensures that the brand's promise is being uphold through its marketing assets and the way the company interacts with the customers.

Brand alignment is a way of making sure that the brand's promise are delivered and met. Since the slogan of Nature's Source Products is "Loving the Planet." and the company employs people who are committed to sustainability and enjoyment of nature, it implies that the company is using brand alignment.

3 0

3 years ago

At the end of a reporting period, a company determines that its ending inventory has a cost of $300,000 and a net realizable val

Maksim231197 [3]

Answer:

1.Cost of Goods Sold Increase by $70,000

2.Gross Profit and Net Profit decrease by $70,000

3.Inventory in balance sheet decrease by $70,000

Explanation:

IAS 2 requires inventory to be measured at the lower of cost or net realizable value.

In our case the inventory will be valued at net realizable value of $230,000 because this is lower.

The effect with this is :

1.Cost of Goods Sold Increase by $70,000

2.Gross Profit and Net Profit decrease by $70,000

3.Inventory in balance sheet decrease by $70,000

7 0

3 years ago

On January 1, 2020, National Retail purchased $100,000 of GEH Company bonds at a discount of $10,000. The GEH bonds pay 6% inter

rusak2 [61]

Answer:

Cr Interest revenue $3,624

Explanation:

Dr Investment in bonds 100,000

Cr Cash 90,000

Cr Discount on investment in bonds 10,000

the first coupon payment:

(90,000 x 4%) - $3,000 = $600

Dr Cash 3,000

Dr Discount on investment in bonds 600

Cr Interest revenue 3,600

the second coupon payment:

(90,600 x 4%) - $3,000 = $624

Dr Cash 3,000

Dr Discount on investment in bonds 624

Cr Interest revenue 3,624

4 0

3 years ago

State chartered banks are required to become members of the federal reserve system.

alex41 [277]

I think that any bank or incorporated banking institutions involved can become members.

3 0

3 years ago

A diagnosis of the competitive challenge, an element of a good strategy, is primarily accomplished through strategy

sveticcg [70]

Answer:

strategy analysis

Explanation:

Strategy analysis is an effective way to analyse the business and internal environment within which they work and operate. Another important feature of strategy analysis is to form a competitive environment within the organisation to create an environment in order to effectively accomplish goals. It helps to form the strategic decision of the company. So, the element of good strategy is to do strategy analysis.

3 0

3 years ago