Answer:
Dollar amount of ending Finished Goods Inventory = $1,073
Explanation:
The first step is to calculate the cost per unit.
Using absorption costing, the cost of one unit is
Cost per unit = direct materials + direct labor + variable manufacturing overhead + fixed manufacturing overhead per unit.
Now, the number of units left in inventory should be defined
Finished Goods Inventory (FGI) = Beginning Finished Goods Inventory + Units produced - units sold
The dollar amount of ending Finished Goods Inventory is FGI multiplied by the cost per unit.
Answer:
Amount for each stock to be paid at maximum = $54
Explanation:
Using Dividend growth model, we have,
Where 
= Expected price of share today
= Dividend to be paid at this year end
= 
= Required return on investment
g = Growth rate
Therefore,
= = $3 + 8% = $3.24
= $54
Therefore, current price for this share or sock to be paid = $54 per share.
Answer:
c. $161,400
Explanation:
The computation of the cash collections for December month is shown below:
Cash sales
= $160,000 × 30%
= $48,000
Credit sales
For same month = $160,000 × 50% × 70% = $56,000
For one month = $180,000 × 30% × 70% = $37,800
For second month = $140,000 × 20% × 70% = $19,600
So, the total cash collections is
= $48,000 + $56,000 + $37,800 + $19,600
= $161,400
Land, labor, entrepreneurship and capital are called factors of production since they are transformed into output during the production process.
Factors of production are needed for the production of goods or a service.
Land as a factor of production include the every type of land and the various goods received from it such as oil, gold etc. It can be agricultural land to any real estate commercial land.
While defining labor as factor of production we use their potential to work.
Capital includes money used for performing various functions of production. It is the primary driver of the production.
Entrepreneurship is that element which combines all other factors of production to form a single product or service.
To know more about factors of production here:
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Answer: $9025 §1231 loss
Explanation:
From the question, we are informed that Sumner sold equipment that it uses in its business for $30,800 and that the equipment was bought a few years ago for $79,600.00 and has claimed $39,775 of depreciation expense.
Assuming this is Sumner's only disposition for the year, the amount and type or character of Sumner's gain or loss goes thus:
The book value of the equipment will be:
= $79600 - $39775
= $39825
Since the equipment is sold for $30,800, the loss will be:
= $39825 - $30800
= $9025
It should be noted that there will be no depreciation recapture because the asset is sold for a loss.
