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4 years ago

Which type of financing source performs the most strict, rigorous review of business records before guaranteeing financing?

1 answer:

5 0

I think the answer is Real estate financing. The real estate is typically financed over a fairly long term, 10 to 30 years. Expect a down payment of about 20%. It usually includes huge amount of loan. Thank you for posting your question here. I hope the answer helps.

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Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates:_____

Lapatulllka [165]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Direct labor-hours required to support estimated production 95,000

Machine-hours required to support estimated production 47,500

Fixed manufacturing overhead cost $ 266,000

Variable manufacturing overhead cost per direct labor-hour $ 2.60

Variable manufacturing overhead cost per machine-hour $ 5.20

Job 550:

Direct materials $ 273

Direct labor cost $ 237

Direct labor-hours 15

Machine-hours 5

1) a. First, we need to calculate the predetermined overhead rate based on direct labor hours:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (266,000/95,000) + 2.6

Predetermined manufacturing overhead rate= $5.4 per direct labor hour

b. Total manufacturing cost= direct material + direct labor + allocated overhead

Total manufacturing cost= 273 + 237 + 5.4*15

Total manufacturing cost= $591

c. Selling price= 591*2= $1,182

2) a.

Predetermined manufacturing overhead rate= (266,000/47,500) + 5.2

Predetermined manufacturing overhead rate= $10.8 per machine hour

b. Total manufacturing cost= direct material + direct labor + allocated overhead

Total manufacturing cost= 273 + 237 + 10.8*5

Total manufacturing cost= $564

c. Selling price= 564*2= $1,128

3 0

3 years ago

Cost of goods sold is computed from the following equation:

trasher [3.6K]

Answer:

B. beginning inventory cost of goods purchased – ending inventory

Explanation:

Cost of goods sold = Opening Inventory + Cost of goods purchased - Closing inventory

This is because Opening + Purchases = Total maximum level of inventory held during the year, out of which some will be sold and some will be kept as part of closing inventory.

Thus Total Opening + Purchases - Closing Inventory = Cost of goods sold

Therefore correct option is, here it is clear that beginning inventory + cost of goods purchased is written, as in option A with same factors there is negative sign in front of cost of goods purchased.

B. beginning inventory cost of goods purchased – ending inventory

5 0

3 years ago

Answer you are told that metal x is a better reducing agent than metal y. this must mean that:

natta225 [31]

Metal X can dispose of unwanted materials quicker and is therefore a better reactant. Please mark Brainliest!!!

5 0

4 years ago

Tunnel Incorporated provided the following information regarding its single product: Direct materials used $ 250 comma 000 Dire

Paha777 [63]

Answer:

increase of $283,058

Explanation:

Consider the incremental Costs and Revenues arising from accepting a special order.

The company has excess capacity therefore, the current fixed overheads would be irrelevant (will have been incurred whether or not the special order is accepted. Also fixed expenses are irrelevant since regular sales will not be affected by this special order.

Sales (9,500× 52) 494,000

Direct materials (250,000/43,000×9,500) (55,233)

Direct labor (470,000/43,000×9,500) (103,837)

Variable manufacturing overhead (120,000/43,000×9,500) (26,512)

Variable selling and administrative (65,000/43,000×9,500) (14,360)

Additional fixed manufacturing overhead costs (11,000)

Net Income 283,058

Therefore an increase of $283,058 would be expected from accepting a special order.

8 0

3 years ago

Individuals and businesses must choose between the different uses for their available resources. This is called ______ resources

ki77a [65]

The term by which individuals and businesses choose between the different use of available resources is called allocating and it is due to the concept of scarcity.

<h3>What is Scarcity?</h3>

According to economics, Scarcity signifies that the demand for a product or service exceeds the supply of that product or service.

It is the underlying truth of existence that there is only a finite number of human and nonhuman resources for each economic product.

Therefore, Individuals and business corporations must choose between several uses for the available resources they have from the idea of allocating resources and due to the concept of scarcity.

Learn more about scarcity here:

brainly.com/question/1088553

6 0

2 years ago