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SVEN [57.7K]
3 years ago
9

Lion Industries required production for June is 132,000 units. To make one unit of finished product, three pounds of direct mate

rial Z are required. Actual beginning and desired ending inventories of direct material Z are 300,000 and 330,000 pounds, respectively. How many pounds of direct material Z must be purchased?
Business
1 answer:
OleMash [197]3 years ago
6 0

Answer:

Raw materials to be Purchased 426,000

Explanation:

Raw materials production needs  396,000 (A)

Desired Ending Inventory             330,000  (B)

Total needs                                    726,000   (C) (A+B)

Beginning Inventory                    (300,000)  (D)

Raw materials to be Purchased 426,000

(A)

Required production 132,000

each units required 3 pounds of raw materials per unit

so we multiply to get how many are required for production

(B) the desired inventory are additional units we need to purchase

(D) the beginning inventory are units we already have on inventory, decreasing our purchase needs.

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Fullerton Waste Management purchased land and a warehouse for $610,000. In addition to the purchase price, Fullerton made the fo
iragen [17]

Answer:

Capitalized cost of land = $455,700

Capitalized cost of building = $ 195,300

Explanation:

All the costs of purchasing the land and warehouse should be capitalized so we first have to sum all the costs

Cost of land and warehouse $610,000

+

Brokers comission $31,000

+

title insurance $3,500

+

miscellaneous closing costs $6,500

------------------

Total cost to be capitalized $651,000

Then you must devide into cost of land and cost of building

For this we will use the independent appraisal estimates

Land $497,000/($497,000+$213,000)=0,7

Building $213,00/($497,000+$213,000)=0,3

Then Capitalized cost of land would be $651,000*0,7=$455,700

Capitalized cost of building would be $651,000*0,3=$195,300

3 0
3 years ago
In a perfectly competitive market, firms face no barriers to entry or exit.
ipn [44]
The answer to this question is true.
3 0
3 years ago
Read 2 more answers
1. A company hires one of its board members, a CPA, to issue accounting reports for thecompany. Assuming any required disclosure
Stella [2.4K]

Answer:

Compilations.

Explanation:

A compilation is part of the write-up service of accounting firms that involves conversion of data into financial statements without providing assurances or auditing services.

A compilation report usually accompanied the financial statements to show that data is well represented, and also to show that there has been no audit so the accountant is not giving an opinion.

So the CPA will not be violating independent rules by working on compilations.

4 0
3 years ago
just paid an annual dividend of $3.00 per share last year. Management just announced that future dividends will increase by 2 pe
Misha Larkins [42]

Answer: $3.31

Explanation:

Dividends will increase by 2% so using a future value formula would show the amount of dividends in year 5.

= 3 * ( 1 + 2%)⁵

= 3 * 1.1040808032‬

= ‭3.3122424096‬

= $3.31

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3 years ago
Explain the effect of a lack of shortage of entrepreneurs in the economy ​
inna [77]

Explanation:

Lack of entrepreneurs will lead to lower jobs, innovative products and a decline in economy. By developing new technology, goods, and services, entrepreneurs help to fuel the economic growth.

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3 years ago
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