1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Cerrena [4.2K]
3 years ago
13

A count of supplies indicated that $104 of supplies had been used.

Business
1 answer:
tankabanditka [31]3 years ago
7 0
It can be assumed that $104 worth of Supplies have been used?
You might be interested in
The Analytical Hierarchy Process is used to decide among three projects that we'll call A, B, and C. The total score for project
Ber [7]

Answer:The analysis must be incorrect because the total score should sum up to 1

Explanation: Analytical Hierarchy process is a mathematical model used in determining the viability of a process from sets of process using set criterion ,these criteria are selected such that it determine the like hood of success of the project,the number written above represent the weight of each of the process ,the overall weight of the criterion is always when summed up.

The weight represents the likelihood of the events happening or being successful.

6 0
3 years ago
Required information
Triss [41]

Answer:

1. Ending inventory = $3519

2. Cost of Goods Sold = $21030

3. Sales Revenue = $27279

4. Gross Profit = $6249

Explanation:

FIFO method of inventory valuation is whereby the stock that first comes into the business, leaves first. This is common in perishable inventory such as vegetables or fruits.

Jan 1. Beginning inventory: 53 units x $45 = $2385

Total

53 units x $45 = $2385

Apr 7. Purchase 133 units x $47 = $6251

Total

53 units x $45 = $2385

133 units x $47 = $6251

Jul 16. Purchase 203 units x $50 = $10150

Total

53 units x $45 = $2385

133 units x $47 = $6251

203 units x $50 = $10150

Oct 6. Purchase 113 units x $51 = $5763

53 units x $45 = $2385

133 units x $47 = $6251

203 units x $50 = $10150

113 units x $51 = $5763

1. Ending inventory = 502 - 433 = 69 hence,

69 units x $51 = $3519

2. Cost of Goods Sold =

[$2385 + $6251 + $10150 + (44 units x $51)] = $21030

OR $24549 - 3519 = $21030

3. Sales Revenue =

433 units x $63 = $27279

4. Gross Profit = Sales Revenue - Cost of Goods Sold hence,

$27279 - 21030 = $6249

4 0
3 years ago
Sheffield Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor costs. Supporting record
Yakvenalex [24]

Answer:

Work-in-process - Assembly Department  $64,160 (debit)

Work-in-process - Finishing Department  $38,080 (debit)

Overhead $102,240  (credit)

Explanation:

Assembly Department Costs Assignments

J1 : Raw Materials

Work -in-process $27,100 (debit)

Raw Materials (credit)

J2 : Labor

Work -in-process $40,100 (debit)

Salaries and Wages Payable $40,100 (credit)

J3 : Overheads

Work-in-process  $64,160 (debit)

Overhead $64,160 (credit)

Finishing Department Costs Assignments

J1 : Raw Materials

Work -in-process $23,200 (debit)

Raw Materials $23,200 (credit)

J2 : Labor

Work -in-process $23,800 (debit)

Salaries and Wages Payable $23,800 (credit)

J3 : Overheads

Work-in-process  $38,080 (debit)

Overhead $38,080  (credit)

Summary of assignment of overhead

Work-in-process - Assembly Department  $64,160 (debit)

Work-in-process - Finishing Department  $38,080 (debit)

Overhead $102,240  (credit)

3 0
3 years ago
Pera Inc. wishes to issue new bonds. These are 5-year bonds with semi-annual interest; $1,000 par value, and a yield to maturity
Gemiola [76]

Answer:

coupon rate= 13.5%

Explanation:

Giving the following information:

Number of periods= 5*2= 10 semesters

Par value= $1,000

YTM= 0.1/2 = 0.05

Price bond= $1,136

<u>To calculate the coupon rate, first, we need to determine the coupon per semester using the following formula:</u>

Bond Price​= coupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

1,136 = coupon*{[1 - (1.05^-10)] / 0.05} + [1,000/(1.05^10)]

1,136 = coupon*7.722 + 613.91

522.09 = coupon*7.722

$67.61=coupon

<u>Now, the coupon rate:</u>

Coupon= par value*(coupon rate/2)

67.61= 1,000*(coupon rate/2)

67.61= 500coupon rate

0.135=coupon rate

coupon rate= 13.5%

5 0
3 years ago
The data dictionary serves as an important data management tool by
riadik2000 [5.3K]
<span>creating an inventory of data contained in the database.</span>
8 0
3 years ago
Other questions:
  • If the stadium made $2,150,000 last year for sports events but only made $1,650,000 this year, what is the percentage decrease i
    6·2 answers
  • The older term, social service, referred to advancing human welfare. The new term, meaning to provide for the needs of various p
    14·1 answer
  • Eliminating _______ pushes idea creation and decision-making out of headquarters and into the field. none of these pay bonuses p
    6·1 answer
  • Assume the new plant is built and that next year the company manufactures and sells 30,000 balls (the same number as sold last y
    7·1 answer
  • What is the specific government agency charged with overseeing discrimination in employment practices
    7·1 answer
  • Burns Corporation's net income last year was $98,300. Changes in the company's balance sheet accounts for the year appear below:
    12·1 answer
  • Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol
    5·1 answer
  • Daniel was surprised his store ran out of marshmallows so quickly. This typically does not happen during the spring, so he runs
    12·1 answer
  • In the market for gadgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical dow
    8·1 answer
  • If a lender agrees to an $80,000 loan at 9% for 15 years with 2 loan discount points, what amount will be charged at closing for
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!