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3 years ago

Production estimates for August for Jay Company are as follows:

Business

1 answer:

dimaraw [331]3 years ago

4 0

Answer:

c.$1,080,000 for A; $648,000 for B

Explanation:

For computing the total direct material purchase first we have to find out the production units which are shown below:

As we know that

Production units = Ending inventory units + sales units - beginning inventory units

= 9,000 units + 75,000 units - 12,000 units

= 72,000 units

Now the total direct material purchase for Material A and Material B is

For Material A

= 72,000 units × 3 lbs × $5 per lb

= $1,080,000

For Material B

= 72,000 units × 0.5 lbs × $18 per lb

= $648,000

Therefore, the third option is correct

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How much does it cost to get your ears pierced at walmart?

bazaltina [42]

Answer: 10-35 USD

Explanation:

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2 years ago

Read 2 more answers

An appraiser valued a subsidiary of Signal Co. at between $230 million and $260 million. One month later, Burmah Oil offered to

Goshia [24]

Answer:

No, because they violated the duty of care

Explanation:

Business judgement rule is a provision that protects the management of a business from frivolous legal action concerning the way it does business.

The court assumes that the management acts in good faith in its fiduciary role, standard of loyalty, prudence, and care.

Duty of care is breached when the management do not make reasonable effort to prevent injury or loss.

In this instance Signal board is not protected by the business judgement rule because they violated duty of care.

Although the offer by Burmah oil is above the valuation a month ago, the board did not bother to do a present valuation or find out if other companies want to buy the subsidiary at a higher price.

8 0

3 years ago

Belden, Inc. acquires 30 percent of the outstanding voting shares of Sheffield, Inc. on January 1, 2017, for $312,000, which giv

Oksi-84 [34.3K]

Answer:

how much income would Belden report for 2017 and 2018 in connection with the company's investment in Sheffield

2017: $54,000

2018: $69,000

total $123,000

Explanation:

the journal entries used to record the investment in Sheffield Inc. are:

January 1, 2017

Dr Investment in Sheffield Inc. 312,000

Cr Cash 312,000

the adjustments entries necessary for 2017 are:

December 31, 2017, dividends are distributed

Dr Cash 21,000 (= $70,000 x 30%)

Cr Investment in Sheffield Inc. 21,000

December 31, 2017, net income is reported

Dr Investment in Sheffield Inc. 54,000 (= $180,000 x 30%)

Cr Revenue from investment in Sheffield Inc. 54,000

the adjustments entries necessary for 2018 are:

December 31, 2018, dividends are distributed

Dr Cash 24,000 (= $80,000 x 30%)

Cr Investment in Sheffield Inc. 24,000

December 31, 2018, net income is reported

Dr Investment in Sheffield Inc. 69,000 (= $230,000 x 30%)

Cr Revenue from investment in Sheffield Inc. 69,000

7 0

3 years ago

Bramble Corp. has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear

Dima020 [189]

Answer:

The break even in dollars is $23000000

Explanation:

The break even point in dollars is the amount of revenue which produces no profit or no loss and where total revenue equals total cost. The break even in dollars is calculated by dividing the fixed cost by the weighted average contribution margin ratio.

Break even in dollars = Fixed costs / Weighted average contribution margin ratio

Weighted average contribution margin ratio is the contribution margin ratio of each products multiplied by the products weight in the sales mix.

Weighted average contribution margin ratio = Weight in sales mix of Product A * contribution margin ratio of product A + Weight in sales mix of Product B * Contribution margin ratio of Product B

Weighted average contribution margin ratio = 0.65 * 0.3 + 0.35 * 0.5 = 0.37

Break even in dollars = 8510000 / 0.37

Break even in dollars = $23000000

3 0

3 years ago

Dennisport Corporation has an acid-test ratio of 1.7. It has current liabilities of $56,000 and noncurrent assets of $87,000. Th

ra1l [238]

Answer: $33600

Explanation:

Current liabilities = $56,000

Noncurrent assets = $87,000

First and foremost, we should note that:

Acid-test ratio = Current Assets / Current liabilities

Therefore,

1.7 = Current Assets / $56,000

Current assets = $56000 × 1.7

= $95,200

Also,

Current ratio = Current Assets / Current liabilities

Therefore,

2.3 = Current Assets / $56,000

Current assets = $56,000 × 2.3

= $128,800

Then, the inventory and prepaid expenses will be:

= $128,800 - $95,200

= $33,600

3 0

2 years ago