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3 years ago

Unimart Precision Manufacturing

Business

1 answer:

Anarel [89]3 years ago

7 0

Answer:

Results are below.

Explanation:

Giving the following information:

Company 1:

Beginning inventory Merchandise $253,000

Cost of purchases 600,000

Ending inventory Merchandise 153,000

Company 2:

Beginning Finished goods $506,000

Cost of goods manufactured 930,000

Ending Finished goods 147,000

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured/purchased - ending finished inventory

Company 1:

COGS= 253,000 + 600,000 - 153,000

COGS= $700,000

Company 2:

COGS= 506,000 + 930,000 - 147,000

COGS= $1,289,000

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Prometheus Corp. is a large-scale manufacturer of consumer electronic gadgets. As part of its performance management system, Pro

myrzilka [38]

Answer: Critical success factors (CSFs)

Explanation:

The critical success factor is one of the management element that helps in achieving the organizational main goals and their mission in an organization.

The main aim of the critical success factor is that it helps in evaluating all the key factor in the company for increase the performance and also helps in accomplishing the given task.

According to the given scenario, the Prometheus corporation is one of the large electronic manufacturing firm and each employee of this company contributing in the profits as it is categorized as critical success factor.

Therefore, Critical success factors (CSFs) is the correct answer.

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3 years ago

Sydney has worked for WillCo for the last 20 years. She just had her 60th birthday and is thinking about retirement. WillCo spon

Wittaler [7]

Answer: c. Sydney can diversify 50% of her WillCo stock.

Explanation:

Employee stock ownership plan (ESOP) is simply referred to as an employee benefit where the employees of a particular company are given ownership interest as long as some certain criteria are met.

Once the workers become qualified participants, they can diversify certain percentage of their stocks. From the 1st-5th year, a qualified participant is allowed to diversify about 25% of his or her stock account and about 50% in the 6th year.

Based on the explanation, since Sydney has worked for WillCo for the last 20 years, Sydney can diversify 50% of her WillCo stock.

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3 years ago

Harding, Jones, and Sandy, a partnership, is in the process of liquidating. The partners have the following capital account bala

Radda [10]

Answer: Cash to be distributed to Harding = $ 17000, Jones = $ 3000 

Explanation:

It has been indicated that the ($9,000) deficit will be covered with a forthcoming contribution

∴ The Remaining Capital Balance is = (24000 + 24000) = $48000

∵Total cash Available = $20000

Loss = 48000 - 20000 = $ 28000

Loss will be shared between Harding & Jones in ratio = 16:48

∴ Harding Capital balance = $\frac{(24000 - 28000)\times16}{16+48}$ = $ 17000

∴ Jones Capital balance = $\frac{(24000 - 28000)\times48}{16+48}$ = $ 3000

Cash will be Distributed in their capital balance ratio

Therefore,

Cash to be distributed to Harding = $ 17000, Jones = $ 3000

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3 years ago

What is the double meaning in atticus' statement that "this case is as simple as black and white"?

son4ous [18]

he means that it is as simple as black people being subordinate to white people

i hope this helps you

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3 years ago

Cheyenne Corp. had the following transactions during the current period.

Soloha48 [4]

Answer:

Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate.

Dr Incorporation expenses 21,200

Cr Common stock 16,000

Cr Additional paid in capital - common stocks 5,200

June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500.

Dr Cash 305,500

Cr Common stocks 225,600

Cr Additional paid in capital - common stocks 79,900

July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share.

Dr Cash 253,500

Cr Preferred stocks 195,000

Cr Additional paid in capital - preferred stocks 58,500

Nov. 28 Purchased 2,560 shares of treasury stock for $78,500.

Dr Treasury stocks 78,500

Cr Cash 78,500

Treasury stocks account is a contra equity account which decreases the value of stockholders' equity.

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3 years ago