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3 years ago

Depreciation expense on factory equipment is part of factory overhead cost. A. True B. False

Business

1 answer:

kotegsom [21]3 years ago

6 0

Answer:

True

Explanation:

Factory overhead costs are costs incurred by a firm during production that cannot be traced to a particular product.

They include :

Depreciation expense on factory equipment
Supervisor salary
Electricity
cleaning

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A motel had the following business on a particular week. Number Occupied Type of room Sun Mon Tues Wed Thu Fri Sat Rate per nigh

Zina [86]

Answer:

Total profit for week = $57360

Explanation:

To calculate the profit for one-week period, we first need to calculate the revenue for one week period based on the given occupancy.

We will first calculate the revenue for every day and add it to calculate the revenue for the week.

Sunday = 60 * 80 + 90 * 64 + 50 * 48 => $12960

Monday = 60 * 80 + 90 * 64 + 50 * 48 => $12960

Tuesday = 60 * 80 + 90 * 64 + 50 * 48 => $12960

Wednesday = 60 * 80 + 90 * 64 + 50 * 48 => $12960

Thursday = 60 * 80 + 90 * 64 + 50 * 48 => $12960

Friday = 50 * 48 + 130 * 56 => $9680

Saturday = 50 * 48 + 130 * 56 => $9680

Total revenue for one week = 12960 * 5 + 9680 * 2 => $84160

To calculate the profit, we will first calculate the total cost.

Total cost = 20000 + (5 * 200 * 5 + 5 * 180 * 2)

Total cost = $26800

Total profit for week = 84160 - 26800

Total profit for week = $57360

5 0

3 years ago

You are trying to ﬁnd out how high you have to pitch a water balloon in order for it to burst when it hits the ground. You disco

lora16 [44]

Answer:

17.15 m/s

Explanation:

This is a case of free fall, so we can use the next equation:

$v_{f}^2=v_{i}^2+2gh$

where

$v_{f}$ is the final velocity

$v_{i}$ is the initial velocity (0 in this case)

$g$ is the acceleration of gravity $9.8m/s^2$

and $h$ is the height at wich the ballon was pitched.

So we have:

$v_{f}=\sqrt{v_{i}^2+2gh} =\sqrt{0^2+2(9.8m/s^2)(15m)} =\sqrt{294m^2/s^2} =17.15m/s$

The final velocity, the velocity of the ballon when it hits the ground is 17.15m/s.

5 0

3 years ago

Almendarez Corporation is considering the purchase of a machine that would cost $150,000 and would last for 5 years. At the end

vodka [1.7K]

Answer:

b. $(3,063)

Explanation:

This can be calculated as the present value of a cost-saving project, with rate of return equal to 13%. In the table, its the cash flow (in thousands of dollars)

Item/Year 0 1 2 3 4 5

Cost-savings 39 39 39 39 39

Salvage value 18

Purchase -150

TOTAL -150 39 39 39 39 57

With these cash flows, we can calculate the present value discounting at the rate of return of 13%:

$PV=\sum_{k=0}^5CF_i(1+i)^{-k}\\\\PV=-150,000/1.13^0+39,000/1.13^{-1}+39,000/1.13^{-2}+39,000/1.13^{-3}+39,000/1.13^{-4}+57,000/1.13^{-5}\\\\PV= -150,000+34,513+30,543+27,029+ 23,919 +30,937 \\\\PV=-3,058$

The present value is closest to Option b. $(3,063)

4 0

3 years ago

When a company issues and sells new stock or uses retained earnings to meet its financial needs, it is using _____.

Crazy boy [7]

Answer:

Equity financing

Explanation:

Equity financing is a means of raising capital by selling shares or by utilizing a company's internal resources. An organization can raise capital either by equity financing or debt financing. Debt financing is when a can borrows funds to finance its operations.

Retained earnings are profits that a company has not distributed to its shareholders. They are a part of business earnings. Essentially , retained earning belong to the shareholders. When a business uses retained earnings to meet its financial needs, it is using the shareholder's resources. It is a form of equity financing.

7 0

3 years ago

Molino Inc. reported sales revenue of $2 million for 2020. Accounts receivable decreased $200,000 and accounts payable increased

nevsk [136]

Answer:

Cash Receipt from Customers = Sales Revenue - Accounts Recievable (add since it’s a decrease)= 2000000 + 200000= 2,200,000

4 0

4 years ago

Read 2 more answers