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3 years ago

Amazon has the following information for the month of March.

Business

1 answer:

hram777 [196]3 years ago

8 0

Answer:

(a) schedule of cost of goods manufactured

Raw Materials 409,300

Direct labor 117,000

Factory overhead 102,000

Add Opening Work in process 55,600

Less Closing Work in process (77,900)

Cost of goods manufactured 606,000

(b) an income statement for the month ended March 31

Sales 1,167,000

Less Cost of Sales

Opening Finished goods inventory 65,400

Add Cost of Goods Manufactured 606,000

Less Closing Finished goods inventory (82,200) (589,200)

Gross Profit 577,800

Sales and administrative expenses (371,000)

Net Income 206,800

Materials inventory 91,500

Work in process 77,900

Finished goods inventory 82,200

Total 251,600

Explanation:

(a) schedule of cost of goods manufactured

Materials Used in Production = Opening Materials inventory + Purchases - Closing Materials inventory

= 83,300 + 417,500 - 91,500

= 409,300

schedule of cost of goods manufactured

Raw Materials 409,300

Direct labor 117,000

Factory overhead 102,000

Add Opening Work in process 55,600

Less Closing Work in process (77,900)

Cost of goods manufactured 606,000

(b) an income statement for the month ended March 31

Sales 1,167,000

Less Cost of Sales

Opening Finished goods inventory 65,400

Add Cost of Goods Manufactured 606,000

Less Closing Finished goods inventory (82,200) (589,200)

Gross Profit 577,800

Sales and administrative expenses (371,000)

Net Income 206,800

Materials inventory 91,500

Work in process 77,900

Finished goods inventory 82,200

Total 251,600

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Eurenasia is a country that has frequently been assigned low macro-assessment ratings of country risk in the recent past due to

castortr0y [4]

Answer:

Eurenasia is a country that has frequently been assigned low macro-assessment ratings of country risk in the recent past due to its tendency to war with neighboring nations. MNC A is considering the establishment of a subsidiary to manufacture personal computers, while MNC B is considering the establishment of a subsidiary to manufacture tanks. Which of the two MNCs is likely to be less affected by the low macro-assessment?

Option B is correct - MNC B will be less affected by low macro-assessment.

Explanation:

Due to the tendency of Eurenasi to war with neighboring countries, the manufacture of tanks by MNC B will be less affected by low macro-assessment because, during war periods, tank sales will increase. Whereas, Low macro assessment will affect MNC A because it selling computers will be affected by war.

Therefore, Option B is correct - MNC B will be less affected by low macro-assessment.

3 0

3 years ago

Matthew Martin, the sole stockholder of Innovation Consulting, started the business by investing $40,000 cash in exchange for co

Ber [7]

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

Investing in business = $40,000 in exchange of common stock

This shows that, when investing in business cash is being debited and as cash is being used to buy common stock so, Common stock is being credited in journal entry.

So, the journal entry that Innovation consulting will make are as follows::

Journal Entries

Particulars Debit Credit

Cash $40,000.00

To Common stock $40,000.00

Hence, this shows the correct answer is option (B).

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3 years ago

Based on the projections, Decker will have a. a financing deficit of $36 b. a financing surplus of $36 c. zero financing surplus

GalinKa [24]

Answer:

B, A financing surplus of $36

Explanation:

As the question is incomplete so firstly I am going to write the question for you first and its solution

Question: Decker Enterprises Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statement Current Projected Sales na 1,500 Costs na 1,080 Profit before tax na 420 Taxes (25%) na 105 Net income na 315 Dividends na 95 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 1,200 1,440 Long-term debt 300 360 Common stock 500 500 Retained earnings 430 650 Based on the projections, Decker will have

Solution :

We need to find total assets first

Current assets = 115

Net fixed assets = 1440

Total assets = 115+1440= 1555

Secondly, we need to find sum of liabilities and stockholder equities to compare them with Total assets.

Liabilities = current liabilities + long term debt

Liabilities = 81 + 360 = 441

Equity = Common stock + retained earnings

Equity = 500 + 650 = 1150

Total equity + liabilities = 1591

Financial Deficit/Surplus = Total assets - Total liabilities and stockholder equity

Financial Deficit/Surplus = 1555 - 1591

Financial Deficit/Surplus = -36 surplus

8 0

3 years ago

When is owning a car a better option than leasing a car?

earnstyle [38]

You can sell it later. if you lease, you are paying money for someone else's car. say you can buy a car for 20thousand or lease for 1000 per month. after 20months, you would have paid the exact same amount, except if you bought the car, you now have an asset tht can be sold.

6 0

3 years ago

At project initiation: Select one: a. Few cost reduction opportunities exist and the cost of each change is large b. Few cost re

algol [13]

Answer:D. Many cost reduction opportunities exist and cost of reduction is low

Explanation:

Since the project has not commence the firm has lots of options to choose from and since the practical works has not started it's cheaper to substitute one method for another.

8 0

3 years ago