Answer:
purchases= $83,000
Explanation:
Giving the following information:
May 1 May 30
Raw materials $35,500 $50,000
During May, $68,500 in raw materials (all direct materials) were drawn from inventory and used in production.
<u>To calculate the direct material purchase, we need to use the following formula:</u>
Direct material used= beginning inventory + purchases - ending inventory
68,500= 35,500 + purchases - 50,000
$83,000= purchases
Answer:
$19,144.61
Explanation:
The first step would be to determine the present value of $1.25 million. After, the future value of that amount in 2 years has to be calculated
The formula for calculating future value:
P = FV / (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$1.25 million / (1.135)^35 = $14,861.23
Now we find the future value using this formula :
FV = P (1 + r)^n
$14,861.23 x (1.135)^2 = $19,144.61
Answer:
Correct option is C
<u>Overall operating income will decrease by $25,000.</u>
Explanation:
Sales ratio = Sales of product 1 : Sales of product 2 = 200,000:300,000 = 2:3
Sum of sales ratio = 2+3 = 5
Common fixed cost:
Product 1 = 2/5×46,000 = $18,400
Product 2 = 3/5×46,000 = $27,600
Total net operating income = Net operating income of product 1 + Net operating income of product 2 = 46,600+(2,600) = 46,600-2,600 = $44,000
Now, comparing with the total net operating income of both the product ($44,000) with only product 1 ($19,000); overall operating income decreases by $25,000 (44,000-19,000)
Answer: the process by which unions and firms agree on the terms of employment.
Explanation:
Collective bargaining is the negotiation that takes place between the employers and the workers in order to reach an agreement regarding the wages or salaries, benefits, sworking conditions, and other rights for the employees.
Therefore, collective bargaining is the process by which unions and firms agree on the terms of employment.
Answer:
C. A cost center recognizes neither revenues nor computes income
