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creativ13 [48]
3 years ago
8

3M Co. reports beginning raw materials inventory of $986 million and ending raw materials inventory of $928 million. 3M purchase

d $4,576 million of raw materials during the year.What is the amount of raw materials it used during the year?
Business
2 answers:
Rudiy273 years ago
4 0

Answer:

$4,634 million

Explanation:

The movement or change in the raw materials balance is as a result of purchases and use. The more the raw materials are used, the more reduced the raw material balance is and the more the purchase, the higher the balance.

Hence the relationship may be stated as

Opening balance + purchases - use = closing balance

$986 million + $4,576 million - amount used = $928 million

Amount used = $986 million + $4,576 million - $928 million

= $4,634 million

andrew11 [14]3 years ago
3 0

Answer:

The amount of raw materials used in the year by 3M Co. is $4634 million

Explanation:

The amount of raw materials used in the year is the opening inventory of raw materials added to purchases of raw materials in  the year,minus the closing inventory of raw materials.

In other words, the below shows the computation of raw materials used in the year:

Opening inventory of raw materials                  $986,000,000

Purchases of raw materials                               $4,576,000,000

Less closing inventory of raw materials            <u>$928,000,000</u>

Raw materials used                                            <u>$4,634,000,000</u>

The proforma used is similar that of costs of goods sold where opening inventory of goods is added to purchases of goods, while closing inventory of finished goods is deducted.

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Jobisdone [24]

Answer:

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Mountain Bikes      30     $700    $650       30*650      $19,500

Skateboards           26     $230    $260       26*230      $5,980

Gliders                     12     $870     $830       12*830      $ 9,960

7 0
3 years ago
Younger employees also are more likely to use the Internet and social media to accomplish their tasks. This is an example of the
DaniilM [7]

Answer: Expectation and norms

                                   

Explanation: In simple words, expectation refers to the believe that something would happen in the future in a certain way. While norms refers to something that is standard and very probable ion nature.

It is automatically assumed that young employees will use more technology as their generation is the when where the technology gained its pace. Thus, the assumption in the statement shows expectations and norms.

5 0
3 years ago
Benefits are offered by employers to attract good employees
Troyanec [42]

Answer:

its true :))

Explanation:

4 0
3 years ago
Read 2 more answers
If government spending occurs, there will be a(n) _______ of private-sector investors, described as a(n) _______ of that spendin
MrRa [10]

If government spending occurs, there will be a(n)crowding out of private-sector investors, described as a(n) opportunity cost of that spending.

<h3>What is government spending?</h3>

This is the term that is used to refer to all forms of expenditures that the government of a place may embark on.

Spending is an expansionary policy that helps to stimulate the government of a place.

Read more on government spending here:

brainly.com/question/25125137

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3 0
1 year ago
Joe's Tasty Burger has determined that its production facility has a design capacity of 400 hamburgers per day. The effective ca
Nat2105 [25]

Answer:

Design Capacity Utilization= 75%

Production efficiency = 120%

Explanation:

Okay, so the question is to determine both the design and the effective capacity utilization measures and make a conclusion from there

1. The Capacity Utilization = The Actual Output/ Design Capacity

Actual Output= 300 hamburgers a day

Design Capacity = 400 Hamburgers a day

Therefore Capacity Utilization = 300 hamburgers/400 hamburgers x 100

= 75%

2. The Efficiency of the production = The Actual Output / The Effective Capacity

Actual Output = 300 Hamburgers a  day

Effective Capacity = 250 hamburgers

= 300 Hamburgers/ 250 Hamburgers x 100

= 120%

Conclusion

First we see that the actual utilization of capacity is more better than the effective capacity and this is good. Also, the Design Capacity is higher than the actual capacity utilization which should also be expected as design capacity is a calculation based on ideal conditions that may be not realistic in real life conditions.

3 0
3 years ago
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