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3 years ago

What is your business name?

1 answer:

4 0

Your business name would be your original name, no nicknames or other names. It should be your full name so that everybody knows your whole name.

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Luna Manufacturing uses a process costing-system. Luna uses the weighted average method . The following information pertains to

Goshia [24]

Answer:

conversion cost per equivalent unit: 10.47

Explanation:

Luna uses the weighted average method:

complete units + equivalent units ending WIP

Completed during the period 187,000

ending WIP 197,000 x 30% =<u> 59,100‬ </u>

Equivalent units 246,100‬

cost: beginning invenotry + added during the period

165,600 + 2,410,800 = 2,576,400‬

cost per equivalent unit: cost / equivalent untis

2,576,400 / 246,100 = 10,4689 = 10.47

3 0

3 years ago

Kuzma Foods, Inc. has budgeted sales for June and July at $ 680 comma 000.00 and $ 720 comma 000.00, respectively. Sales are 8

atroni [7]

Answer:

The budgeted Accounts Receivable balance on July 31 is $ 244,800.

Explanation:

Since the company sells 85% credit of which 60% is collected in the month of sale and 40% in the following month. This implies that where the sales for the month of June is $ 680,000, all of the credit sales for the month of June would have been collected by 31 July. Hence no receivables will be budgeted for considering June sales by 31 July.

For sales to be made in July budgeted at $ 720,000, 85% will be credit sales

This amounts to

Credit sales for July = 85% of 720000

= $\frac{85 * 720000}{100}$

= $ 612,000

60% of the credit sales in the month of July will be collected by 31 July while 40% will be collected in the following month hence,

Accounts Receivable balance on July 31

= 40% of 612000

= $\frac{40 * 612000}{100}$

= $ 244,800

6 0

3 years ago

In a mixed economy who answers the three economic questions

lana66690 [7]

I think it is both A and B I coukd be wrong tho

6 0

3 years ago

In class, we discussed the differences between a contribution income statement versus the traditional approach (absorption whi

Irina-Kira [14]

B) Contribution margin

5 0

3 years ago

Max chose to operate his production studio as a sole proprietorship even though his attorney cautioned that he was:____________

sergij07 [2.7K]

Answer:

<u>c. exposing himself to unlimited personal liability.</u>

Explanation:

One major characteristic of sole proprietorship being the individual is sole recipient of profits and sole bearer of all risks and liabilities.

A sole proprietor bears unlimited liability in the sense that, in case of bankruptcy, the proprietor's personal assets can be taken away to repay debts owed by him.

Though a proprietor also remains the sole recipient of all gains, similarly the proprietor is also exposed to unlimited risk.

Thus, the correct option is, c. exposing himself to unlimited personal liability .

8 0

3 years ago