By examining the spreadsheet below what part of the financial plan might be missing?

Turner Corporation acquired two inventory items at a lump-sum cost of $100,000. The acquisition included 3,000 units of product

inessss [21]

Answer:

The amount of gross profit Turner Corporation should recognize is $20,000.

Explanation:

The following are given in the question:

Lump-sum cost = $100,000

Units of LF acquired = 3,000

Units of 1B acquired = 7,000

LF price per unit = $30

1B price per unit = $10

Unit of LF sold = 1,000

Therefore, we have:

Share of LF in the Lump-sum cost = (Units of LF acquired / (Units of LF acquired + Units of 1B acquired)) * Lump-sum cost = (3,000 / (3,000 + 7,000)) * $100,000 = $30,000

LF cost per unit = Share of LF in the Lump-sum cost / Units of LF acquired = $30,000 / 3,000 = $10

LF total revenue = Unit of LF sold * LF price per unit = 1,000 * $30 = $30,000

LF cost of goods sold = Unit of LF sold * LF cost per unit = 1,000 * $10 = $10,000

LF gross profit = LF total revenue - LF cost of goods sold = $30,000 - $10,000 = $20,000

Therefore, the amount of gross profit Turner Corporation should recognize is $20,000.

3 0

3 years ago

Alina received $60 in the mail from her grandparents to buy whatever she wanted. She decided she could spend all of it on 4 t-sh

faust18 [17]

Answer:

(c) 7.5 bars, 2/15 shirts

Explanation:

Opportunity cost is simply defined as the next best alternative.

Opportunity cost also refers to the loss of foregone gain which could have resulted had a non chosen option been selected over the chosen option. For instance, the opportunity cost of storing money at home is the average market rate of interest which would've been earned had the same money been invested.

In the given question, the opportunity cost of a t shirt would be :

= $\frac{30\ Protein\ Bars}{4\ T\ Shirts}$

= 7.5 protein bars

Similarly, the opportunity cost for a protein bar would be:

= $\frac{4\ T\ Shirts}{30\ Protein\ Bars}$

= $\frac{2}{15} \ T\ Shirts$

Thus, the correct option is (c) 7.5 bars, 2/15 shirts

4 0

3 years ago

¿Cómo se puede eliminar un exceso de oferta en el sistema económico de mercado?¿De qué modo se puede actuar en el caso de que ha

liraira [26]

Answer:

Todas las células están rodeadas por una membrana celular, que es selectivamente permeable. Las moléculas pueden entrar o salir de las células por difusión y transporte activo. Las células pueden ganar o perder agua por ósmosis.

Explanation:

Yo creo que es esto

5 0

3 years ago

Accepting a good-quality lot would be a _____.

fredd [130]

Accepting a good-quality lot would be a <u><em>correct decision.</em></u>

OPTION B "correct decision" is the right answer according to Acceptance Sampling model.

Utilized in quality assurance, acceptance sampling is a statistical method for measuring the reliability of a product or service. It enables a business to ascertain a batch's quality by randomly sampling from it. The standard of quality for the whole set of products will be assumed to be equal to that of the selected sample.

It is impossible for a corporation to constantly test every single one of its goods. It's possible there are too many to inspect efficiently or cheaply. Extensive testing could also compromise the product's quality or render it unmarketable. If a representative sample were tested, the results would be accurate without jeopardizing the rest of the production run.

Acceptance sampling is a method of quality control in which a representative sample of a product batch is tested and its quality is inferred from the results. Acceptance sampling is useful for quality control when implemented properly.

To know more about Acceptance sampling refer to:

brainly.com/question/28192251

#SPJ4

5 0

2 years ago

nobel prize winner milton friedman said that a bad central banker is like a ""fool in the shower."" how does this apply to centr

cluponka [151]

There are monetary policy lags

<h3>What is monetary policy lags ?</h3>

The presence of temporal delays is one of the drawbacks of countercyclical monetary policy. The monetary authority must have time to recognise the need for action, take that action, and observe how that action affects economic activity. The time relationship between the resultant monetary series and the subsequent series of impacts of monetary operations is how Friedman defines "lag." He claims that economic circumstances are only affected by monetary measures after a "long and varied lag." Friedman makes a distinction between three fundamental lags: the administrative lag, the operation lag, and the recognition lag.

To learn more about monetary policy check the given linkhttps://brainly.in/question/6090122

#SPJ4

4 0

1 year ago