Answer:
$1,070
Explanation:
Calculation to determine the amount of applied overhead is:
Using this formula
Applied overhead = Total cost of WIP - Direct materials - Direct labor
Let plug in the formula
Applied overhead= $3,550 - $1,610 - $870
Applied overhead=$1,070
Therefore the amount of applied overhead is:$1,070
Answer:
One important financial reporting instrument for measuring and assessing an organisations liquidity risk is the Cash Flows statement. It speaks to the availability of cash in the short term, and or assets that can be readily converted to cash.
In other words, when a business has immediate financial obligations, cash refers to those resources that can be used to satisfy them.
An understanding of cash flows is crucial to business success because it:
- provides a clear picture of an organisations cash status or liquidity;
- helps business owners plan for how much cash expected in the future and when it is likely to come;
- when organisations want to benchmark their performance against one another, it becomes very handy and useful. Banks, for instance, measure the ability of a business to meet it's liquidity requirements as a measure of eligibility to receive additional finance.
One way companies can maintain liquidity during this pandemic is to control overhead expenses. Necessity is the mother of invention. Companies can have their team brainstorm on creative ways to cut down on operational, administrative and production costs. Some costs which can be considered for downward revision are rent, labor costs (such as business performance incentives), professional fees, marketing costs, advertising costs, public relations etc.
Cheers!
Answer:
10.52%
Explanation:
The computation of the annual financing cost is shown below:
First we have to calculate the interest cost that is shown below:
= $20,000 × 10% × 182 days ÷ 365 days
= $997.26
Now the used funds is
= $20,000 - $997.26
= $19,003
Now the annual financing cost is
= ($997 ÷ $19,003) × (365 days ÷ 182 days)
= 10.52%
We assume there are 365 days in a year
Answer:
the answer is D. convenience products
Explanation:
convenient products are much cheaper and consumers usually look for them by the brand, or sometimes, these products are homogenous in nature, so people would just go and buy it rather than comparing different products and prices.
Answer:
Purchases= $252,000
Explanation:
Giving the following information:
Sales= $400,000
Cost of goods sold equal to 65 percent of sales.
Beginning inventory= $80,000
Ending inventory= $72,000
To calculate the purchase required, we need to use the following formula:
Purchases= sales + desired ending inventory - beginning inventory
Purchases= (400,000*0.65) + 72,000 - 80,000
Purchases= $252,000
