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Helen [10]
3 years ago
10

In August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $24,000 and endin

g work in process inventory of $13,000. During the month, $283,000 of costs were added to production. In the department's cost reconciliation report for August, the total cost to be accounted for would be: Multiple Choice a. $37,000 b. $307,000 c. $590,000. d. $614,000
Business
1 answer:
Ipatiy [6.2K]3 years ago
3 0

Answer:

b. $307,000

Explanation:

Costs to be accounted in cost reconciliation report = Opening balance of work in process + Cost of production added during the month

= $24,000 + $283,000

= $307,000

Cost reconciliation report shows what costs need to be accounted for in a month and the manner in which they are actually accounted for.

It is a step in preparation of production report which shows how beginning work in process inventory and the costs which are added to production during the period are recorded.

Hence in cost reconciliation report pertaining to the month of Aug, opening work in process and costs added to production during the month are recorded.

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A single stock futures contract on a nondividend-paying stock with current price $180 has a maturity of one year.
guajiro [1.7K]

Answer:

a. $187.20.

b. $202.48.

c. $217.43.

Explanation:

Please find the below for detailed explanations and calculations:

We have the formula for determining the future price of the non-dividend-paying stock as below:

Future price = Spot price x (1+ annual risk free rate )n; which n = number of year(s) to maturity.

Thus, apply the general formula above, we have the below calculations:

a. Future price = 180 x (1+4%)^1 = $187.20;

b. Future price = 180 x ( 1+4%)^3 = $202.48;

c. Future price = 180 x (1+6.5%)^3 = $217.43.  

5 0
3 years ago
On June 1, Lulu's Performing Arts School purchased merchandise with a list price of $5,500 from Monty's Inc. with credit terms 2
natali 33 [55]

Answer:

$4,410

Explanation:

Discount refers the amount that is deducted from the usal price of a good sold or service rendered.

From the question, the credit terms 2/10, n/30 implies 2% discount if the amount owed is paid within 10 days while no discount will be enjoyed if the amount owed is paid after 10 days but must be beyond 30 days.

Therefore, the amount owed by Lulu's if the store pays within the discount period, i.e. within 10 days, can be calculated as follows:

Discount = (Purchases - Merchandise returned) * 2% = ($5,500 - $1,000) * 2% = $90

Amount owed = Purchases - Merchandise returned - Discount = $5,500 - $1,000 - 90 = $4,410.

Therefore, the amount owed by Lulu's if the store pays within the discount period is $4,410.

3 0
4 years ago
Do you think online bullying is worse than or not as bad as physical bullying? Why or why not?
frozen [14]

Answer:

Yes, Because when its online anyone can bully you. You do not know who they are so things can be much more complicated. Online bullying also allows for it to happen even at your own house, unlike normal bullying.

Explanation:

Though this is opinion, I will still awnser anyways! :D

5 0
2 years ago
Read 2 more answers
When the bond investor believes interest rates are going to fall, the best strategy would be to: A. take a bearish position in t
Katarina [22]

Answer:

The answer is "Option B".

Explanation:

Investment in long-term bond financing, as well as other long-term bonds, focuses on long-term returns assets with their very own risks and also higher income. Therefore, these funds can be outstanding commercial vehicles but not generally the best investment. It refers particularly to investors who seek to raise revenue and minimize uncertainty, that's why choice B is correct.

6 0
3 years ago
A company regularly launches products with features that are different from what are offered in the market. It has now launched
pychu [463]

Answer: Differentiation strategy

             

Explanation: This refers to a strategy that a company uses to create a unique good or service that will separate consumers from the products or services provided by rivals better than or in another way.

Strategy for differentiation is a way of distinguishing a company from the opposition.This strategy is implemented by making innovations through research and development and helps an organisation to prepare a strong customer base fro the future.

Thus, from the above we can conclude that the given case depicts differentiation strategy.

7 0
3 years ago
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