Answer:
$192 million; $153.60 million; $38.40 million
Explanation:
Given that,
Direct material purchased = $80 million
Direct labor costs = $51 million
Manufacturing overhead = $77 million
Percent of the work-in-process completed = 80%
(1) Transfers-In:
= Direct materials + Direct labor costs + Manufacturing overhead
= (80% × $80 million) + $51 million + $77 million
= $64 million + $51 million + $77 million
= $192 million
(2) Transfer-out:
= Transfers-In × percent of the work-in-process completed
= $ 192 million × 80 %
= $ 153.60 million
(3) Ending Balance:
= Transfers-In - Transfer-out
= $192 million - $ 153.60 million
= $38.40
Answer:
b. $1200000
Explanation:
Calculation for How much cash will Bramble receive in November
Using this formula
Cash receive in November = October Budgeted sales + Budgeted sales of November
Let plug in the formula
Cash receive in November= ($1,250,000 × 50%) + $1,150,000 × 50%)
Cash receive in November= $625,000 + $575,000
Cash receive in November= $1,200,000
Therefore the amount that Bramble receive in November will be $1,200,000
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Consumer protection laws are meant to protect the rights of consumers. These laws are designed by the government and enforced to make sure consumers aren’t taken advantage of. These laws will allow consumers to know what is put in products, how they are made, and making sure the products are up to health codes.
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Answer:
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Explanation:
The <em>expected return</em> is the weighted average of the expected returns in each scenario by its respective probability.
The <em>distribution of the holding period returns </em>(HPR) under three different scenarios is:
State of the economy Scenario #(s) Probability, p(s) HPR
HPR Boom 1 0.336 28.40%
Normal growth 2 0.414 7.90%
Recession 3 0.25 18.90%
The calculations are:
Answer:
Option (A) is correct.
Explanation:
Return on investment = (operating profit ÷ Invested capital) × 100
= ($171 million ÷ $610 million) × 100
= 0.28 × 100
= 28%
Residual income:
= operating profit - (Invested capital × Imputed interest rate)
= $171 - ($610 ×20%)
= $171 - $122
= $49 million
Therefore, Trailer’s return on investment (ROI) and residual income is 28% and $49 million, respectively.
