What term represents the worldwide movement toward economic

Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24

Wittaler [7]

Answer:

$217,000

Explanation:

Begining Purchases Ending

Raw Materials $ 36,000 $ 69,000 $ 24.000

Work in Process $ 23,000 $ 17,000 $ 6.000

Finished Goods $ 37,000 $ 55,000 -$ 18.000

Direct Lab Costs $ 94,000 $ 94,000

Manuf Overhead $ 54,000 $ 54,000

Total

Raw Materials $ 81.000

Work in Process $ 6.000

Finished Goods -$ 18.000

Direct Labor Costs $ 94.000

Manufacturing Overhead $ 54.000

Costo of Goods Manufactured $ 217.000

5 0

3 years ago

Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is

Nata [24]

Answer: Option b

Explanation: In simple words, it refers to an arrangement under which one entity allows the other entity to use its procedures and brand name for the business in return of any loyalty or other such benefits.

In the given case, Gerald wants to operate his business globally and not eager to control all of it.

Hence from the above we can conclude that franchising is the best option for Gerald.

6 0

3 years ago

During the taking of its physical inventory on August 31, 2019, Kate Interiors Company incorrectly counted its inventory as $366

soldier1979 [14.2K]

Answer:

Balance sheet

Inventory - Understatement by $11,600

Owners equity - Understatement by $11,600

Income statement

Cost of goods sold - Overstatement by $11,600

Net income - Understatement by $11,600

Explanation:

The movement in an inventory account which is the difference between the opening and ending balances is a function of the purchases and the sales during the period.

This is captured in the equation below

Opening balance + purchases - cost of goods sold = ending balance

Hence an understatement of the ending balance would result in an overstatement of the cost of goods sold thus an understatement of the net income (and owner's equity).

The understatement in closing inventory balance is

= $378,500 - $366,900

= $11,600.

3 0

3 years ago

Hodgkiss corporation is evaluating an extra dividend versus a share repurchase. in either case, $27,000 would be spent. current

inn [45]

If extra dividend is given,

Dividend per share = Net income / Number of shares outstanding

Dividend per share = $ 27,000 / 4,500 shares

Dividend per share = $ 6 per share

Now. the price will reduce by $ 6 per share

Earnings per share will be $ 2.70 per share.

Price earnings ratio = New price / Earnings per share

Price earnings ratio = $ 96 - $ 6 / $ 2.70 = 33.33

If the shares were purchased from $ 27,000 -

Number of shares purchased = $ 27,000 / $ 96 = 281.25 or 281 shares

Total earnings = $ 2.70 X 4,500 shares = $ 12,150

New EPS = $ 12,150 / (4500 shares - 281 shares) = $ 2.88 per share

New Price earnings ratio = Price / Earnings per share

New Price earnings ratio = $ 96 / $ 2.88 = 33.33

8 0

3 years ago

Highgrove Industries must decide which process technology to adopt, given the information below. Cost Technology A Technology B

mash [69]

Answer:

Technology C

Explanation:

Total Cost = Fixed Cost + Variable cost * (Number of Units)

Total Cost for Technology A = $80000 + $2.20*(100,000 units)

Total Cost for Technology A = $300,000

Total Cost for Technology B = $120,000 + $1.85*(100,000 units)

Total Cost for Technology B = $305,000

Total Cost for Technology C = $130,000 + $1.65*(100,000 units)

Total Cost for Technology C = $195,000

Conclusion: The minimum total cost for 100,000 Unit is for process technology C, Hence this technology would be recommended

3 0

3 years ago