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Doss [256]
3 years ago
15

A partial listing of costs incurred during december at rooks corporation appears below: factory supplies $7,000 administrative w

ages and salaries $92,000 direct materials $176,000 sales staff salaries $32,000 factory depreciation $52,000 corporate headquarters building rent $47,000 indirect labor $23,000 marketing $136,000 direct labor $82,000 the total of the product costs listed above for december is:
Business
1 answer:
Eva8 [605]3 years ago
6 0

To solve add up all of the product costs which include, factory supplies, administrative wages and salaries, direct materials and sales staff salaries.

$7,000 + $92,000 + $176,000 + $32,000 = $307,000

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3 years ago
Northwest Fur Co. started 2021 with $103,000 of merchandise inventory on hand. During 2021, $560,000 in merchandise was purchase
Naya [18.7K]

Answer:

The cost of goods available for sale is $650,100

Explanation:

Credit terms of 3/15, n/45 means that 3% discount for the payment within 15 days and the full amount to be paid within 45 days.

The discounts Northwest Fur Co. took = $560,000 x 3% = $16,800

Northwest uses a perpetual inventory system and the gross method to record purchases.

Net Purchases = Purchases - Purchase Returns - Purchases Discounts + Freight-In = $560,000 - $4,900 - $16,800 + $8,800 = $547,100

The cost of goods available for sale = Beginning merchandise inventory + Net Purchases = $103,000 + $547,100 = $650,100

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3 years ago
In the United States many farms are integrated into a large food-production industry. This is known as:
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8 0
3 years ago
Read 2 more answers
uction Services started the year with total assets of and total liabilities of . The revenues and the expenses for the year amou
VARVARA [1.3K]

Answer: $20,000

Explanation:

Net Income is the amount from revenue that the company made over expenses. It is therefore;

= Revenue - Expenses

= 110,000 - 90,000

= $20,000

<em>Note: Dividends are not considered in the calculation of Net Income as they are not expenses. </em>

8 0
3 years ago
You expect a share of EconNews.Com to sell for $65 a year from now. If you are willing to pay $65.74 for one share of the stock
iogann1982 [59]

Answer:

dividend payment = $6

Explanation:

given data

sell = $65

pay = $65.74

require a return =  8%

solution

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current stock price ( present value ) = \frac{future\ value}{1 + rate}  ........................1

$65.74 = \frac{65+d}{1+0.08}

here d is dividend

solve it we get

d = $6.00

so dividend payment = $6

6 0
3 years ago
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