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ikadub [295]
3 years ago
12

Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wag

es Machine operators $ 310,000 Selling and administrative personnel $ 76,000 Materials used Lubricant for oiling machinery $ 26,000 Cocoa, sugar, and other raw materials $ 260,000 Packaging materials $ 200,000 Randall's direct labor costs amounted to:
Business
1 answer:
Savatey [412]3 years ago
8 0

Answer:

$310,000

Explanation:

The direct labor cost is equal to the wages of machine operators i.e $310,000 as it is directly related to the production units

Moreover, the selling and admin personnel is a period cost that includes the major part of selling and admin expenses, therefore, it would not be considered

Plus the direct labor cost comes under the product cost like direct material cost, direct labor cost, etc  

Hence, the direct labor cost is $310,000

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Procter & Gamble’s June 30, 2016, financial statements reported the following (in millions): Cash, beginning of year $ 6,836
lina2011 [118]

Answer:

(9,594)

Explanation:

The net cash movement during a period the sum of cashflow from operations (CFO), cashflow from investing activities (CFI) and cashflow from financing (CFF) activities. On the other hand, that net cash movement is also calculated as the difference between end of year cash position and start of year cash position. Given that, we have the equation as below:

End of year cash position - Start of year cash position = CFO + CFI + CFF

Putting all the number together, we have:

7,102 - 6,836 = 15,435 - 5,575 + CFF

Solve the equation, we have CFF = (9,594)

5 0
3 years ago
A 12-year, 5% coupon bond pays interest annually. The bond has a face value of $1,000.__________ Fill in the blank, read surroun
Nata [24]

Answer:

12.38% decrease

Explanation:

Given the following parameters

6%

Number of years = 12

Market yield I= 6 === 4.5

Present Value = 916.16 == 1045.59

PMT (annuity payment) = 50 (5%x1000)

Future value = 1000

Therefore, to solve for the percentage change, we have in the price of this bond in this situation, we have (916.16-1045.59) / 1045.59 = -0.1238

Hence, 12.38% decrease is the percentage change in the price of this bond if the market yield rises to 6% from the current yield of 4.5%,

5 0
4 years ago
In calculating the bank discount when discounting an interest bearing note, which one of the following is not used in calculatio
Anna71 [15]
<span>In calculating the bank discount when discounting an interest bearing note, the one that is not used in calculation is: D. Discount period

Here is the equation that used in interest bearing note:
The Principle proceeds + bank discount = Maturity Value

Discount period only determines the amount of time vendor willing to pay for a product in cash.</span>
4 0
3 years ago
Read 2 more answers
82% of companies shop their products by truck. 47% of companies ship their product by rail 40% of companies shop by truck and ra
hram777 [196]

Answer: 0.89

Explanation: add the 82% and 47% then subtract the 40, answer is 89.

3 0
3 years ago
You bought 200 shares of Stock A at $23.00 per share 6 months ago. It is now worth $47 per share. What was the percent of increa
Nat2105 [25]

Answer:

51 % increase

Explanation:

Stock A price= $23.00

Stock A price after 6 months= $47.00

Increase in price of Stock A= $47 - $23

                                          = $24

Percentage increase in stick price = <u>$24</u>  x  100%

                                                        $47

                                                     = 0.510 x 100%

                                                     = 51%

The percentage increase in the price of Stock A is 51%

Cheers

4 0
4 years ago
Read 2 more answers
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