1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kruka [31]
3 years ago
15

If hawkins manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the raw materials invento

ry would have
Business
1 answer:
kirill115 [55]3 years ago
5 0
Raw materials are goods that are for processing which will result in finished products which are for sale.  

The raw materials inventory includes the metal of $13,000 and the cloth of $6,000 or a total of $19,000.  The $2,000 cleaning supplies do not fall under the classification of raw materials, instead, this falls under prepaid supplies and later reclassified to supplies expense once consumed. 
You might be interested in
A financial analyst is in the process of reviewing four investments projects for one of his clients. The net present cash values
inysia [295]

Answer:

Consider the following calculation

Explanation:

All projects having positive NPVs, thus all projects are feasible.

(All figures are in $' million)

Funds required to invest in all projects are

First year = 6 + 2 + 4 + 10 = 22 & available fund for first year is only 20.

Second year = 8 + 4 + 8 + 6 = 36 & available fund for second year is only 13.

In these type of situations we use Profitability Index to decide which projects are selected and which are to be skipped.

Profitablilty index = PV of cash inflow/ PV of cash outflows

But in this such information is not given to calculate Profitability index, thus we are calculating here NPV per One $ of investment.

thus NPV per One $ of investment = NPV of project / Investment in Project

Note: We are taking here value of investment in project for both two year with out taking effect of time value of money as no discount rate is provided in the question.

CHECK THE EXCEL ATTACHED

Total fund available with investor = 20+13 = 33

Total fund required for Project 4 & Project 1= 16 + 14 =30

thus he can invest in only project 4 & Project 1, for investing in next profitable project i.e. project 2 he requires $6 million but he has only $3 million in his hands.

Thus the optimal solution for the client is to invest in Project 4 & Project 1.

Thus Funds available in first year = 20, Investment in First year = 10+6 = 16, Funds remains in hand =4

Funds available in second year = 4+ 13= 17, Investment in second year =6+8= 14, funds remains in hand = 3

NPV from total investment = 80 + 50 = 130

Download xlsx
5 0
3 years ago
Per Chevron’s 3Q 2013 filing, what was the percentage change in the cost of purchased oil products when comparing nine months en
zalisa [80]

Answer:

Per Chevron 3Q 2013 Filling:

The percentage change in the cost of purchased oil products nine months to September 30, 2013 when compared to nine months in 2012 was:

2.47%

Explanation:

a) Data and Calculations:

Cost of purchased oil products:

2013       $34,822,000,000

2012       $33,982,000,000

Change $840,000,000

Percentage Change = $840/$33,982 x 100

= 2.47%

b) The implication is that Chevron's cost of purchased oil products in third quarter of 2013 increased by 2.47% when compared with the same period in 2012.  This percentage change is calculated by subtracting the Q3 2012 cost of purchased oil products from the Q3 2013 cost of purchased oil products and then dividing the difference by the Q3 2012, and multiplying by 100.  The change could be caused by increases in the price of oil products or other variables.

5 0
3 years ago
Suppose an Exxon Corporation bond will pay $4,500 ten years from now. If the going interest rate on safe 10-year bonds is 4.25%,
Luda [366]

Answer:

The answer is a. $2,967.92

Explanation:

Calculation of prent value

Present value = p* (1+i)^-10

Present value = $4,500 * (1+0.0425)^-10= <u>$2,967.92</u>

4 0
3 years ago
Does A Zebra Think Its Black On White or White On Black??
kotegsom [21]
The zebra has no thought about how it looks. it's more concerned about being able to mate, eat, and avoid predators.
7 0
3 years ago
Jon enjoys fishing (which costs $20) and golf (which costs $30). last month, jon fished four times and golfed twice. the last fi
Gennadij [26K]
He did maximize the utility <span>according to the utility maximization rule</span>.

6 0
3 years ago
Other questions:
  • If Ben and the HR managers do nothing about the promotion opportunities in the organization, employee satisfaction is likely to
    7·1 answer
  • Nations that have the strongest product liability laws tend to be well- developed economically However, the general case in deve
    7·1 answer
  • Project A as well as project B require an initial investment of $1,050,000, have a 6-year life, and have expected total cash inf
    5·1 answer
  • Olinick Corporation is considering a project that would require an investment of $354,000 and would last for 8 years. The increm
    9·1 answer
  • g Other things the same, if the exchange rate changes from 6 Chinese yuan per dollar to 7 Chinese yuan per dollar, then the doll
    9·1 answer
  • Stock market is a market for.?​
    14·2 answers
  • Among the advantages of cycle counting is that it: allows more rapid identification of errors and consequent remedial action tha
    6·1 answer
  • A government deficit has decreased from 100 to 60. The country's trade deficit is 120 and private savings equal 80 and investmen
    10·1 answer
  • A monopsonistic employer in an unorganized (nonunion) labor market will: Group of answer choices pay a wage rate in excess of la
    13·1 answer
  • After several United Airlines flights were canceled because of bad weather, reservation clerks had to scramble to get passengers
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!