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serious [3.7K]
3 years ago
14

During July, the equivalent units of direct materials added to the product worked on by Department A amounted to a total of 90,0

00 applied as follows: beginning inventory, 20,000 units; units started and completed in July, 60,000 units; and ending inventory, 10,000 units. Assuming that the cost of direct materials requisitioned by the department in July was $135,000; the amount of the materials cost to be assigned to the ending inventory would be:
Business
1 answer:
dybincka [34]3 years ago
7 0

Answer:

Cost of ending inventory =$15,000

Explanation:

Given:

Direct material = 90,000

beginning Inventory = 20,000  

Completed Inventory = 60,000  

Ending Inventory = 10,000

Total cost of direct materials = $135,000  

Computation:

Cost of ending inventory = Ending Inventory × Per Item cost

Cost of ending inventory = 10,000 × $1.50

Cost of ending inventory =$15,000

Working Note:

Cost per unit = Cost of direct materials / Units in direct materials

Cost per unit = $135,000 / 90,000

Cost per unit = $1.50

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Answer:

$280

Step-by-step explanation:

As per given question we have provided that :

  • \purple\star Principal = 1400
  • \purple\star Rate = 4%
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Here's the required formula to find the Simple Interest :

{\longrightarrow{\pmb{\sf{S.I= \dfrac{PRT}{100}}}}}

  • \purple\star S.I = Simple Interest
  • \purple\star P = Principal
  • \purple\star R = Rate
  • \purple\star T = Time

Substituting all the given values in the formula to find the Simple Interest :

\begin{gathered}\qquad{\implies{\sf{S.I= \dfrac{PRT}{100}}}}\\\\\qquad{\implies{\sf{S.I= \dfrac{P \times R \times T}{100}}}}\\\\\qquad{\implies{\sf{S.I= \dfrac{1400 \times 4\times 5}{100}}}}\\\\\qquad{\implies{\sf{S.I= \dfrac{5600 \times 5}{100}}}}\\\\ \qquad{\implies{\sf{S.I= \dfrac{56 \:  \cancel{00}\times 5}{1 \: \cancel{00}}}}}\\\\\qquad{\implies{\sf{S.I= 56 \times 5}}} \\\\\qquad{\implies{\sf{S.I=  \$280}}}\\\\\qquad\star\underline{\boxed{\sf{\pink{S.I=  \$280}}}}\end{gathered}

Hence, the simple interest is $280.

\rule{300}{2.5}

5 0
2 years ago
Which information would most likely cause a company's stock price to go
Mice21 [21]

The information that would cause a company's stock price to go

down is a company abandons development of a new technology.

<h3>What is a stock?</h3>

A stock is a means used to raise capital by public companies. Stocks give holders the right to become owners of the company. Stockholders receive dividends.

When a company abandons the development of new technology, it is a negative signal that indicates to the public that all is not well. This reduces the confidence of the public in the company. As a result, stock prices begin to fall.

To learn more about stocks, please check: brainly.com/question/9970004

8 0
2 years ago
On January 1, Graves Corporation had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value o
Zina [86]

Answer:

Date        Account Titles and Explanation     Debit          Credit

June 15   Cash Dividends                              $103,500

               [(60000+9000)*$1.5]

                        Dividends payable                                     $103,500

                (Being dividend declared for 69000 shares at $1.5 each)

July 10     Dividends payable                        $103,500

                         Cash                                                          $103,500

                (Being dividend paid)

Dec 15      Cash Dividends                             $116,800

                [(60000+9000+4000)*1.6]

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6 0
2 years ago
Cash flows from investing activities include all of the following except:
astra-53 [7]

Answer:

(D) Cash proceeds from borrowing

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets. It also includes collections on loans and  Cash advance to borrowers

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

Options A, B, and C are the investing activities whereas option D is financing activities.

5 0
3 years ago
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Shkiper50 [21]

Answer:

Present value = $35.00326585 rounded off to $35.00

Explanation:

Using the dividend discount model, we calculate the price of the stock today. It values the stock based on the present value of the expected future dividends from the stock. To calculate the present value of the stock, we will use the following formula,

Present value = D1 / (1+r)  +  D2 / (1+r)^2  +  ...  +  Dn / (1+r)^n  +

[(Dn * (1+g)  /  (r - g))  /  (1+r)^n]

Where,

  • r is the required rate of return
  • g is the constant growth rate in dividends
  • n is the number of years

Present value = 5 / (1+0.155)  +  6.25 / (1+0.155)^2  + 4.75 / (1+0.155)^3  +  

3 / (1+0.155)^4  +  [(3 * (1+0.07)  /  (0.155 - 0.07))  /   (1+0.155)^4]

Present value = $35.00326585 rounded off to $35.00

3 0
3 years ago
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