Answer:
The correct anwer is A.
Explanation:
Giving the following information:
Cost of goods manufactured= $520,000
Ending work in process= $70,000
Raw materials used in the production of $80,000
Direct labor= $140,000
Allocated manufacturing overhead of $240,000
To calculate the beginning work in process, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
520,000= beginning WIP + 80,000 + 140,000 + 240,000 - 70,000
beginning WIP= 130,000
The maximum daily profit for the company is $860
<h3>
What is an inequality</h3>
Inequality is an expression that shows the non equal comparison of two or more variables and numbers.
Let x represent the number of bed and y represent the number of pillow, hence:
4x + 2y ≤ 40 (1)
Also:
2x + 4y ≤ 32 (2)
From the graph, the solution is at:
(8, 4)
Profit = 80x + 55y = 80(8) + 55(4) = $860
The maximum daily profit for the company is $860
Find out more on inequality at: brainly.com/question/24372553
Answer:
Option C; VIDEOCONFERENCING.
Explanation:
Video conferencing is a technology that allows users in different locations to hold face-to-face meetings without having to move to a single location together.
Videoconferencing may be used to announce significant changes at a company, such as promotions or to present information in an interactive way that allows all participants to engage in discussion about what they see on screen.
Since the corporation's employees are spread all over the world and the senior management are keen on capturing and gauging the emotional joy and delight on the faces of those promoted, therefore, the most appropriate method in announcing the promotions would be VIDEOCONFERENCING.
Answer:
$551,074
Explanation:
Sales revenue
Worst case
Budget sales = 2300 units
Estimated sales price = $750
Sales unit = (100%-4%*2300)
2208 units
Sales price = (100%-6%*750)= 705
Sales revenue =2208*705 =$1,656,000
b) Operating cash flow at worst case sales revenue
Variable cost - $260 *(100%-5%)
=$247
Total variable cost = $247* 2208= $545,376
Fixed cost = $589000*(100%-5%)
$559550
Operating cash flow = (1656000-545376-559550) =551,074
Answer:
Explanation:
Price ceiling is a price regulatory system put in place by the government to check how high the price of a product can be. It is binding when it is set below the equilibrium price consequently leading to shortage of goods , but non binding if set above the equilibrium price since the price can still fall back to the equilibrium.
When shortage arises as a result of price ceiling being set below the equilibrium price , black market is formed to resolved the shortage with price set by supply and demand. Goods will be illegally sold at prices above the price ceiling.
The effect on black market in the short run will not be severe as the as demand and supply are still at the inelastic stage , but becomes severe in the long run due to elastics demand and supply.
