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skad [1K]
3 years ago
10

The Assembly Department of​ Intuitive, Inc., manufacturer of​computers, had​ 4,500 units of beginning inventory in​ September, a

nd​ 3,000 units were transferred to it by the Production Department. The Assembly Department completed​ 1,500 units during the month and transferred them to the Packaging Department. Calculate the total number of units accounted for by the Assembly Department if it had​ 6,000 units in ending inventory. The​weighted-average method is used.
Business
1 answer:
Pepsi [2]3 years ago
8 0

Answer:

Units accounted for: 7,500

Explanation:

We are going to follow physical units so the method W/a or FIFO is not relevant for this step:

Beginning and transferred in are the input, fro mwere the units come from:

beginning WIP              4,500

transferred in                3,000

Units to account for:   7,500

While, ending WIP and transferred-out are were the untis are now:

Ending WIP                  6,000

transferred-out             1,500

Units account for        7,500

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EvenFlo Pipes forecasts a small increase in sales next year. To achieve this growth in sales, however, the firm must purchase an
TEA [102]

Answer: a. The firm must purchase lumpy assets to achieve the increase in sales.

Explanation:

EvenFlo Pipes needs to sell more pipes in order to see an increase in sales. Assuming they are the producers, they will need to produce more pipes than they have been doing and this will need them to increase their production capacity.

To do so they would have to invest in fixed assets as these are what produce pipes. This is why the firm will have to purchase lumpy assets that will help them produce and sell more pipes.

3 0
3 years ago
Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2019, she sells the following long-term assets u
mel-nik [20]

Answer:

Tax Liability  = $59,170

Explanation:

Profit on building = 234,000-(204,000-56,000)

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Loss on equipment = 84,000 - (152,000-27,000)

Loss on equipment = $41,000

Net profit = Profit on building - Loss on equipment

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Net profit = $45,000

Taxable income before transaction = $194,500

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Total taxable income = $239,500

According to tax rules

Tax Liability  = ($194,500 - $85,650)28% + 17,442 + ($45,000 )(25%)

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5 0
2 years ago
What are durable goods?
JulsSmile [24]
They're the opposite of perishable goods. 

Meaning, that durable goods can be left on the shelf for a while, and don't need to be imediately consumed.

Hope this helps!
6 0
3 years ago
For a perfectly competitive firm, which of the following is not true at profit maximization?a. Total revenue minus total cost is
topjm [15]

Answer: Option (d) is correct.

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Correct option: Market price is greater than marginal cost.

In a perfectly competitive market, there are large number of buyers and sellers. So, price is determined by the market forces.

At a point of profit maximization, price is equal to the marginal cost and we have to maximize the difference of the total revenue and total cost. It was not seen in a perfectly competitive market that the price is above the marginal cost at a profit maximizing point.

Therefore, option (d) is not true.

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Max owns a townhouse in Sacramento. He is in the process of leasing it to Hannah. The contractual lease states Hannah Scott will
Digiron [165]

The minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the<u> absence of a sufficient description of the property</u>.

<h3>What are the minimum requirements for a California lease?</h3>

A California lease requires a <u>sufficient description of the property</u>, for example, an address, which gives it a legal description.

Other requirements for a California lease include:

  • Rental amount
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<h3>Question Completion with Answer Options:</h3>

a. No, the lease has met all of the minimum lease requirements of the state of California.

b. Yes, the missing minimum requirement is the absence of the issue of a security deposit.

c. Yes, the missing minimum requirement is the absence of any assignment and subleasing options.

d. Yes, the missing minimum requirement is the absence of a sufficient description of the property, such as an address and/or a legal description.

Thus, the minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the<u> absence of a sufficient description of the property</u>.

Learn more about California lease requirements at brainly.com/question/14299105

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