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Mariana [72]
3 years ago
8

Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in t

he raw materials account was $27,500 and the ending balance was $51,000. Raw materials purchases during the month totaled $78,000. Manufacturing overhead cost incurred during the month was $118,500, of which $3,500 consisted of raw materials classified as indirect materials. The direct materials cost for May was: a) $78,000 b) $54,500 c) $101,500 d) $51,000
Business
1 answer:
ankoles [38]3 years ago
6 0

Answer:

b) $54,500

Explanation:

Beginning balance of raw material = $27,500

Ending balance was = $51,000

Purchases = $78,000

Direct cost of raw material is the net of the addition of the opening balance of raw materials and purchases less the closing balance. The manufacturing overhead cost is a mix of all the indirect cost incurred during production.

As such, the manufacturing overhead cost of $118,500 consisting of $3,500 consisted of raw materials would not be considered in determining the direct raw material cost.

Direct cost of raw material = $27,500 + $78,000 - $51,000

= $54,500

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Stacy purchased a stock last year and sold it today for $4 a share more than her purchase price. She received a total of $1.15 p
dusya [7]

Answer: B. The capital gains yield is positive.

Explanation:

The Capital Gains Yield is a percentage figure that tells how much an investment has increased in price from it's acquisition.

It works by taking the new value and dividing it by the original value.

Using Stacy as an example, the Stock increased by $4 so assuming she bought the stock for even $0.1 then her Capital Yield is,

= 4/0.1

= 40 * 100%

= 4000% which is positive

As long as the stock was sold for more than it was bought, Capital Yield Gain is positive.

7 0
3 years ago
An income property generates $9,200 per month, and is valued at $985,000. What is its gross rent multiplier
Alborosie

Answer:

107.07

Explanation:

Calculation for What is its gross rent multiplier

Gross rent multiplier= Income Property value/income property generated per month

Let plug in the formula

Gross rent multiplier= $985,000/$9,200 per month

Gross rent multiplier=107.07

Therefore its gross rent multiplier will be 107.07

8 0
3 years ago
Positive technological change in the production of LCD televisions caused the price of LCD televisions to fall. Holding everythi
Stels [109]

Answer:

A. The demand for Blu-ray players would increase and the equilibrium price of Blu-ray players would increase. 

Explanation:

Complement goods are goods that are demanded together. An increase in demand for one good would lead to an increase in demand for the other good.

If the price of LCDs falls, the quantity demanded would increase. This would lead to an increase in demand for the players too. The increase in demand for the players leads to a rise in price of the players.

I hope my answer helps you.

7 0
3 years ago
If a profit-maximizing, competitive firm is producing a quantity at which marginal cost is between average variable cost and ave
Murljashka [212]

Answer:

a. keep producing in the short run but exit the market in the long run.

Explanation:

To answer the question, there is a need to look at the effect of the situation on the firm both in the short- run and the long-run

Short Run Effect

The Marginal cost is between average variable cost and average total cost. The business can still continue producing goods because the quantity being produced is still able to cover the average variable cost. This means that the firm is still able meet its variable costs by setting the price of its goods to its marginal cost which is an amount greater than its average variable cost.  

Long Run Effect

However, in the long-run the company will begin to have issues even meeting other important costs such as the fixed costs associated with production and as such, the firm will need to exit the market in the long run. For instance the cost of long term loans (principal and interest) may not be covered by the net income of the firm.  

5 0
3 years ago
Many industry initiatives have attempted to create efficiency and effectiveness through the integration of supply chain activiti
kolbaska11 [484]

Answer:

D) all of these answer

Explanation:

for creating chain management we need to have

1) Quick response (QR) -  is refer to that bar code which is used to track information for any products. this type of bar code is mainly used in shopping or buying in any product.

Bar code is a code in which information is store which can be used further in market.

2) vendor managed inventory -  in this information provided by customer to the  vendor about any product.

3) Efficient consumer response -   it is a mutual coordination  between producer, wholesaler to fastened and feasible the service to customer.

8 0
3 years ago
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