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3 years ago

Small businesses create about __________ percent of the new jobs in the united states.

Business

1 answer:

Alisiya [41]3 years ago

6 0

Answer:

62%

Explanation:

as per the latest data report by the Bureau of Labor Statistics, small businesses have played a major role in creating jobs since he biggest economic recession in the USA. as per the 2018 data they created around 62% of the total jobs private sector jobs in the usa

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Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme

e-lub [12.9K]

Answer:

Inacio Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to:

= $14.50

Explanation:

a) Data and Calculations:

Units Materials Conversion

Beginning work in process 2,300 $14,400 $6,500

Percentage of completion 75% 20%

Units started during the month 11,000

Total units available 13,300

Units transferred to the next 9,900 100% 100%

Ending work in process 3,400 90% 30%

Costs added during the month $173,500 $243,500

Equivalent units of production:

Units Materials Conversion

Units transferred to the next 9,900 9,900 (100%) 9,900 (100%)

Ending work in process 3,400 3,060 (90%) 1,020 (30%)

Equivalent units of production 12,960 10,920

Costs of production: Materials Conversion

Beginning work in process $14,400 $6,500

Costs added during the month 173,500 243,500

Total costs of production $187,900 $250,000

Cost per equivalent unit: Materials Conversion

Total costs of production $187,900 $250,000

Equivalent units of production 12,960 10,920

Cost per equivalent unit $14.50 $22.89

7 0

3 years ago

Advanced Enterprises reports year−end information from 2019 as follows: Sales (160,250 units) $969,000 Cost of goods sold (6

Ilya [14]

Answer:

Cost of goods sold = $576,900

Explanation:

The budgeted cost of goods sold will be the sales volume in 2020 multiplied by cost per unit .

Sales volume in year 2020= (100-10)% × sales figure for 2019

= 90% × 160,250= 144,225

Cost of goods sold per unit = cost of goods sold in 2019/Sales units in 2019

= 641,000/160250=$4

Cost of goods sold = $4× 144,225 = $576,900

Cost of goods sold = $576,900

3 0

3 years ago

It is clear that to produce the maximum material comfort for its citizens, a nation needs to _______.

mariarad [96]

Answer:

(D) Specialize in producing something that it is relatively good at producing.

Explanation:

When a country specialises in production of a good it is relatively good at producing, its citizens will not find it difficult to manufacture the good for local consumption and export.

If the country needs product it is not good at producing it imports it from other countries that have a competitive advantage in producing it.

This will produce maximum material comfort for its citizens.

6 0

3 years ago

Schickel Inc. regularly uses material B39U and currently has in stock 460 liters of the material for which it paid $3,128 severa

stira [4]

Answer:

D. $4,902

Explanation:

Schickel Inc.

RELEVANT COST can be defined as the cost that are often said to be incurred only when making specific and important business decisions because this relevant cost is used to determine whether to sell or keep a business which is why relevant cost concept is useful for eliminating some information from a particular decision-making process.

Relevant cost=

New stocks of the material purchased for $6.45 per liter.

Relevant cost of 760 liters of the material to be used.

Hence;

= $6.45 per liter ×760 liters = $4,902

Therefore the relevant cost of the 760 liters of material B39U is $4,902

6 0

3 years ago

Concord Corporation’s balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,770 Curr

xenn [34]

Answer:

Cash flow generated for the year: 71,790

Explanation:

From the information given we use the indirect method, we adjust net income for the non-monetary terms and then, adjust for the changes in working capital

The sale of assets will be enter under investing activities for the cash received regardless of the gain/loss at disposal

the stock transactions are considered financing from the firms perspective.

Operating Activities:

Net income 60,100

depreciation 16,540

loss at disposal 230

(21,770 - 9,770 = 12,000 against 11,770)

amortization 2,500

adjusted income: 79,370

changes in working capital:

increase in current assets: (29,000)

increase in current liabilities: 14,770

net change in working capital 14,230

from operating activities: 93,600

Investing Activities

sale of equipment 11 ,770

purchase of stocks (16,000)

Building improvements (28,770)

from investing activities (33,000)

Financing Activities

Issuance of bonds payable 52, 190

Cash dividends (30,000)

Purchase of treasury Stocks (11, 000)

from financing activities 11, 190

Cash flow generated for the year:

93,600 - 33,000 + 11,190 = 71,790

5 0

3 years ago