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lianna [129]
3 years ago
11

Mike wants to purchase an $11,350 car with a loan from a credit union that requires a 20% down payment. what amount will Mike bo

rrow from the credit union?
Business
1 answer:
djyliett [7]3 years ago
4 0
He will borrow 80% of the cost of the car.
80/100*11350= <span>$ 9080</span> 
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Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at th
maks197457 [2]

Answer:

1. Cost per equivalent unit of direct material = $4

2. Cost per  equivalent unit of conversion = $13.33

Note: In case it is stated for 5,000 units then cost will be $8 per unit but that  is basic calculation.

3. Cost per unit transferred to finished goods = $17.33

Explanation:

In weighted average production method there is average of all the things

Since opening inventory of work in process = 0

Therefore entire production cost will be distributed

Provided total , and WIP will be as follows

Direct Material = $20,000

Direct Labor = $8,000

Factory Overhead = $32,000

WIP are 60 % complete with respect to conversion cost.

Now conversion cost comprises labor cost and manufacturing overhead cost.

For material it will be 100% complete as material is already brought in

Now using weighted average we have following as value of complete units

Raw material = $20,000 X 100% = $20,000

Labor = $8,000 / 60% = $13,333.33

Factory Overhead = $32,000 / 60% = $53,333.33

1. Cost per equivalent unit of direct material = $20,000/5,000 = $4

2. Cost per  equivalent unit of conversion = ($8,000 + $32,000)/(5,000 units X 60%) = $40,000/3,000 units = $13.33, in case it is stated for 5,000 units then it will be $8 per unit.

3. Cost per unit transferred to finished goods = Total cost of finished goods/Number of finished goods

Total cost of finished goods = $20,000 + $13,333.33 + $53,333.33

= $86,666.67/5,000 units = $17.33

8 0
2 years ago
The following information relates to a product produced by Marigold Company: Direct materials $20 Direct labor 10 Variable overh
Tomtit [17]

Answer:

The incremental cost per unit associated with the special order is $60.

Explanation:

Direct materials                                               20

Direct labor                                                       10

Variable overhead                                           20

Variable selling and administrative                 10  

Total                                                                  60

Therefore, The incremental cost per unit associated with the special order is $60.

6 0
3 years ago
Adam Jones, the purchasing manager for ACME Corporation, is under suspicion for committing fraud. His superiors believe he is ac
pychu [463]

Answer:

ACME Corporation

Fraud Suspicion of Adam Jones:

1. Pre-admission-seeking Investigation Procedures:

  • Review the company's policies and procedures
  • Interview those who raised the suspicion to establish reasonable basis
  • Interview suppliers and vendors to determine facts
  • Decide if investigation was necessary in the light of company policies and preliminary findings
  • Plan the interview

2. Adam's initial reaction when confronted:

Adam would be defensive and try to deny the existence of such acts, especially when he is not sure that you have got some evidence against him.

3. Adam might try to cover his track when suspicion alert has been raised to his knowledge.  He might contact the vendors and suppliers involved to ensure that they did not disclose any unfavorable information to the investigator.  He might also engage in bluffing, that is trying to prove his innocence before the investigation proper.

4. I know this because I have dwelt with such reactions before.

Explanation:

In law, fraud is the deliberate misrepresentation of facts for the purpose of depriving someone of a valuable possession or enriching oneself.

8 0
3 years ago
Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point directly to the left of it. Assu
yanalaym [24]

Answer:

new law that interfaces with productive efficiency.

Explanation:

The Production possibility curve shows all the two combination of goods or services that can be produced in an economy given its resources and technology. Carrying out production on the production possibility curve is efficient. Carrying out production to the right of the production possibility curve or outside the curve is impossible. Carrying out production inside or to the left of the production possibility indicates inefficiency in production .

Technological improvement and a gain of resources shifts the curve outward.

A loss of resocurces pushes the curve inward.

I hope my answer helps you

4 0
2 years ago
Dr. Riley, a professor in the economics department, finds that if he keeps his door open, people tend to stop in to say hello. T
Archy [21]

Answer:

1) Mindfulness

Explanation:

Mindfulness refers to being aware of your environment and paying attention to what happens around you, and at the same time being aware of your thoughts and bodily sensations.

In other words, it means that Dr. Riley is able to concentrate on what he is doing and at the same time is paying attention to what is around him.

4 0
2 years ago
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