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4 years ago

While gdp is a measure of total output for a nation, _______ is a measure of what is produced by americans throughout the world?

1 answer:

8 0

The answer is Gross National Income or GNI. It is the overall product and services earnings of people inside and outside the country, including businesses. Thus, the overseas earnings of Americans all over the world is also a part of GNI.

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CraftCo, Inc.'s projected sales for the first six months of 2012 are given below: Jan. $500,000 April $490,000 Feb. $740,00

Levart [38]

Answer:

$460,000

Explanation:

Given that,

Sales:

Jan. = $500,000

April = $490,000

Feb. = $740,000

May = $740,000

Mar. = $380,000

June = $610,000

Total cash receipts for April 2012:

= Cash receipts from February Sales + Cash receipts from March Sales + Cash receipts from April Sales

= (740,000 × 10%) + (380,000 × 50%) + (490,000 × 40%)

= $74,000 + $190,000 + $196,000

= $460,000

6 0

4 years ago

Calculating Standard Quantities for Actual Production Guillermo's Oil and Lube Company is a service company that offers oil chan

vova2212 [387]

Answer:

Number of quarts for 960 oil changes= 6,144 quarts

No of hours for 960 oil changes = 432 hours

Number of quarts for 950 oil changes=6,080 quarts

No of hours for 950 oil changes= 427.5 hours

Explanation:

Guillermo's Oil and Lube Company

1.Number of quarts for 1 oil change = 6.4 quarts of oil

Number of quarts for 960 oil changes= 6.4 quarts of oil *960= 6,144 quarts

2. Number of minutes for 1 oil change = 27 minutes

Number of minutes for 960 oil changes = 27 minutes*960= 25920 minutes

No of hours for 960 oil changes = 25920/60= 432 hours

3.Number of quarts for 1 oil change = 6.4 quarts of oil

Number of quarts for 950 oil changes= 6.4 quarts of oil *950= 6,080 quarts

Number of minutes for 1 oil change = 27 minutes

Number of minutes for 950 oil changes = 27 minutes*950= 25650 minutes

No of hours for 950 oil changes= 25650/60= 427.5 hours

5 0

3 years ago

School Days Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units which are sold to public school sy

Blababa [14]

Answer:

Production Budget ( July August September) 5200, 6300, 9000

Sales Budget ( July August September) $ 300,000 $ 360,000 $ 450,000

Direct Materials Budget ( July August September) $ 31860 $ 39,420 $ 48,600

Direct Materials Units Budget ( July August September) 53,100 65,700 81,000

Direct Labor Budget ( July August September) $ 163,800 $ 198450 $ 283,500

Direct Labor Hours Budget ( July August September)7800 9450 13500

Explanation:

The formula used are

1) Production Budget = Sales + Desired Ending Inventory Less Opening Inventory

2) Sales Budget= Sales * Price Per unit

3) Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory

Raw Materials Costs= Raw Materials Budget * Costs

4) Direct Labor Hours Budget = Production * Direct Labor Hours

Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour

School Days Furniture, Inc.

Production Budget

July August September

Sales 5000 6000 7500

+ Desired

Ending Inventory 1200 1500 ------(assuming zero inv)

Less Opening

Inventory 1000 1200 1500

Production Budget 5200 6300 9000 

Production Budget = Sales + Desired Ending Inventory Less Opening Inventory

School Days Furniture, Inc.

Sales Budget

July August September

Sales 5000 6000 7500

Price Per unit $ 60 $60 $ 60

Sales Budget $ 300,000 $ 360,000 $ 450,000 

Sales Budget= Sales * Price Per unit

School Days Furniture, Inc.

Raw Materials Budget

July August September

Production Budget 5200 6300 9000

+ Desired

Ending Inventory 630 900 ------(assuming zero inv)

Less Opening

Inventory 520 630 900

Materials Requiremnt 5310 6570 8100 

Board (feet) 10 10 10

Direct Materials 53,100 65,700 81,000

Plank Costs 0.60 0.60 0.60

Direct Materials $ 31860 $ 39,420 $ 48,600 

Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory

Raw Materials Costs= Raw Materials Budget * Costs

School Days Furniture, Inc.

Direct Labor Budget

July August September

Production Budget 5200 6300 9000

Direct Labor hours 1.5 1.5 1.5

Direct Labor Hours 7800 9450 13500

Wages Per hour $ 21 $ 21 $21

Direct Labor Budget $ 163,800 $ 198450 $ 283,500

Direct Labor Hours Budget = Production * Direct Labor Hours

Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour

4 0

3 years ago

A company uses a process cost accounting system. Its Sewing Department's beginning inventory consisted of 50,000 units (1/4 comp

Vesnalui [34]

Answer:

E. 160,000; 167,500

Explanation:

$started \: and \: completed \\ + unfinished \: beginning\\ + ending$

Direct Materials

Started and complete 120,000

We also need to add the ending WIP which count entirely because the materials are added completely.

The beginning WIP has materials added completely already. It required no extra work.

120,000 +40,000 =160,000

Conversion

Started and complete 120,000

ending WIP 40,000 x 1/4 = 10,000

beginning WIP 50,000 X3/4 = 37,500

total 167,500

we add the ending WIP

and the unfinished beginning WIP

it has 1/4 completed so 3/4 are unfinished

4 0

3 years ago

On September 1 of the current year, Scots Company experienced a flood that destroyed the company's entire inventory. Because the

dangina [55]

Answer:

$82,580

Explanation:

We can calculate the estimated amount of inventory destroyed in the flood by deducting the cost of goods sold by the cost of goods available for sale.

DATA

Beginning Inventory = $215,950

Inventory purchased = $192,730

Sales = $543,500

Calculation

Inventory destroyed Iestimated) = Cost of Goods available for sale - Cost of Goods Sold

Inventory destroyed Iestimated) = $408,680 - $326,100

Inventory destroyed Iestimated) = $82,580

Working

Cost of Goods available for sale = Beginning Inventory + Inventory purchased

Cost of Goods available for sale = $215,950 + $192,730

Cost of Goods available for sale = $408,680

Cost of Goods Sold = Sales - Gross Profits

Cost of Goods Sold = $543,500 - ($543400 x 40%)

Cost of Goods Sold = $ 326,100

4 0

4 years ago