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3 years ago

"paid as agreed" on your credit report is

Business

1 answer:

Alexus [3.1K]3 years ago

6 0

Answer & Explanation:

"Pays as agreed" is a term you want to see on your credit report. It simply means you have been repaying a debt according to the agreement between you and the lender or creditor.

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Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed the inventory and cost

Nonamiya [84]

Answer:

Explanation:

Compute its current ratio, inventory turnover, and day's sales in inventory for 2015 using:

A. LIFO Numbers 2015

Current Ratio: current asset/current liability = 390/175 = 2.23

Inventory turnover = Cost of goods sold/ average inventory= 965/(400/12) = 965/33.33 = 29.0

Day's sales in inventory = Ending Inventory/Cost of goods sold* 365 = 330/910*365 = 132.36

B. FIFO numbers in 2015

Current Ratio: current asset/current liability = 390/175 = 2.23

Inventory turnover = Cost of goods sold/ average inventory= 965/(400/12) = 965/33.33= 29.0

Day's sales in inventory = Ending Inventory/Cost of goods sold* 365 = 400/965*365 = 151.3

8 0

2 years ago

Using the information below for Singing Dolls, Inc., determine the total manufacturing costs incurred during the year: Work in P

leva [86]

Answer:

Total manufacturing costs = $49000

so correct option is a. $49,000

Explanation:

given data

January 1 Work in Process = $53,000

December 31 Work in Process = 38,500

Direct materials used = 14,000

Total Factory overhead = 7,000

Direct labor used = 28,000

to find out

total manufacturing costs

solution

we get here total manufacturing costs incurred during the year that is express as

Total manufacturing costs = Direct materials used + Direct labor used + Total Factory overhead ........................1

put here value we get

Total manufacturing costs = 14000 + 28000 + 7000

Total manufacturing costs = $49000

so correct option is a. $49,000

5 0

2 years ago

Rodgers Inc. is imports paper from Shanghai China. In a typical transaction Rodgers receives a delivery of paper from the Chines

kari74 [83]

Answer:

Rodgers can hedge its foreign risk by using a Contract to buy Yuan in the futures market today at an agreed upon price in 90 days.

Explanation:

Solution

Since Rodgers receives a delivery of paper from the Chinese Company and pays the company in Yuan, so he has to hedge his exchange rate risk by buying or purchasing Yuan future contract for 90 days.

So, Rodgers Incorporation should make a contract to buy Yuan in the future market today at an agreed price in 90 days.

5 0

3 years ago

Jill has joined the police academy. During the training process, Jill and the other cadets are made to wear uniforms and maintai

dusya [7]

Answer:

The correct answer is D

Explanation:

Divestiture socialization is the procedure which the organization use in order to remove or reject the importance of the personal characteristics, a new hire has which means that the it is to assimilate the person with the worplace values.

In this scenario, Jill who joined police academy, and during its process of training, they were informed that they are no longer ordinary citizens, now as a police force representatives. Therefore, it is called as divestiture.

3 0

3 years ago

Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product

Umnica [9.8K]

Answer:

Some answers are attached below

Explanation:

We need to maximize profit -

Selling prices for A,B,C are given; Costs of materials 1,2 and labor are given.

Also given is that 1 unit of each product A,B,C requires certain units of material 1, material 2 and labor based on the table provided.

Profit for 1 unit of A = Selling Price - Cost = 101 - [(7*3)+(5*2)+(15*4)] = 10 $

Profit for 1 unit of B = Selling Price - Cost = 67 - [(7*1)+(5*4)+(15*2)] = 10 $

Profit for 1 unit of C = Selling Price - Cost = 97.5 - [(7*5)+(5*0)+(15*3.5)] = 10 $

LP Formulation

Maximize profit Z = 10A+10B+10C

subject to Constraints

3A+B+5C<=300 ----> Material 1 constraint

2A+4B<=400 ---->Material 2 constraint

4A+2B+3.5C <=200 ----->Labor

C>=10 -----> Product C Demand constraint

A,B,C>=0

Below is the solver solution and formulation table from Excel -

Maximum profit = 925 $

8 0

3 years ago