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Bas_tet [7]
3 years ago
15

During the month of June, Telecom Inc. had cost of goods manufactured of $112,000, direct materials cost of $52,000, direct labo

r cost of $37,000 and overhead cost of $26,000. The work in process balance at June 30 equaled $10,000. What was the work in process balance on June 1?
Business
1 answer:
olchik [2.2K]3 years ago
7 0

Answer:

Beginning work in process= $7000

Explanation:

Giving the following information:

Cost of goods manufactured by $112,000.

Direct materials cost of $52,000

Direct labor cost of $37,000.

Overhead cost of $26,000.

The work in process balance at June 30 equaled $10,000

Work in process on June 1?

Cost of goods sold= Beginning work in process + direct material + direct labor + manufacturing overhead - ending work in process

112000= ? + 52000 + 37000 + 26000 - 10000

Beginning work in process= 112000 - 52000 - 37000 - 26000 + 10000= $7000

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Lauren went to see a therapist, and during their first session they established clear goals coupled with assignments to be done
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Lauren's therapist was using Cognitive Behavioural Therapy [CBT]. CBT refers to a short term, goal oriented psychotherapy treatment that uses practical approach for problem solving. The principal goal for using this technique is to change the behavior or the mentality that is responsible for the patient problem.
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3 years ago
As mentioned in the video, the US produces an annual "List of Goods Produced by Child Labor or Forced Labor." How effective do y
lina2011 [118]

Answer and Explanation:

By publishing the "List of Goods Produced by Child Labor or Forced Labor" the American government is able to raise awareness among the population that, although child labor is something inconceivable in American society, it still happens with great intensity in various places around the world. This allows the population to become aware of this situation and to stop buying products produced by companies that finance and allow child labor to happen. When they stop using these products, companies suffer a decrease in demand, which can cause significant changes in the production and in the lives of children who need to work.

While consumer pressure at companies that allow child labor is effective, pressure from political and commercial authorities is more effective in bringing about change and ensuring the protection of children, as these authorities can promote severe punishments for those who allow this to happen.

7 0
3 years ago
You have $250,000 to invest in a stock portfolio. Your choices are Stock H, with an expected return of 12.9 percent, and Stock L
prisoha [69]

Answer:

The investment in stock H will be $104837.5 while the investment in stock L will be $145162.5

Explanation:

The portfolio return is the weighted average return of the individual stocks that form up the portfolio. The weightage of each stock in the portfolio is the investment in a stock as a proportion of investment in the portfolio.

Let x be the weightage of Stock H.

Weightage of Stock L will be (1-x).

Portfolio return = wH * rH  +  wL * rL

Plugging in the values,

0.111 = x  * 0.129   +   (1-x) * 0.098

0.111 = 0.129x  +  0.098  -  0.098x

0.111- 0.098  =  0.031x

0.013 / 0.031  = x

x = 0.41935 or 41.935% rounded off to 3 decimal places

(1-x) = 1 - 0.41935  =  0.58065 or 58.065%

Investment in Stock H = 250000 * 41.935%  =  $104837.5

Investment in Stock L = 250000 * 58.065%  =   $145162.5

6 0
3 years ago
. Shellbridge Corporation common stock has a par value of $25 and recently paid a dividend of $3.16 per share. The firm's divide
Fiesta28 [93]

Answer:

Intrinsic value: $ 45.19290274

The stock is undervalued as is selling for less.

Explanation:

We use the gordon model to solve for the intrinsic value of the share.

\frac{divends_1}{return-growth} = Intrinsic \: Value

we must solve for the grow rate like  it was an interest rate:

<u>grow rate: </u>

2.00 \times (1+g)^{10} = 3.16\\\sqrt[10]{\frac{3.16}{2.00}} -1 = g

g = 0.046804808

<u>dividends one year from now:</u>

3.16 x (1 + 0.046804808) = 3.307903193

Now we calculate the instrinsic value:

\frac{3.307903193}{0.10 - 0.046804808} = Intrinsic \: Value

Value: $ 45.19290274

The stock is undervalued as is selling for less.

4 0
3 years ago
Strategic management is defined as
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Creation and execution of goals by the management team, defined by available resources and existing conditions in and out of the company.
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