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timofeeve [1]
3 years ago
9

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

<u>To calculate the cost of goods sold, we need to use the following formula:</u>

<u></u>

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

<u>Company 1:</u>

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

COGS= $700,000

<u>Company 2:</u>

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

COGS= $1,289,000

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Roquan, a single taxpayer, is an attorney and practices as a sole proprietor. This year, Roquan had net business income of $90,0
-Dominant- [34]

Answer:

a) Calculate Roquan’s deduction for qualified business income.

qualified business deduction:

  • 20% of qualified business income AND less than 20% of total income
  • Since Roquan is a single filer, his AGI cannot exceed $213,300.

Roquan's QBI deduction = 20% x QBI = 20% x $90,000 = $18,000

b) Since Roquan's income is higher than $213,300, then he is not allowed any QBI deduction.

4 0
3 years ago
If the economy is at potential output, and the Fed _____ the money supply, in the long run, the price level will likely _____.
serg [7]

Answer:

If the economy is at the potential output and the Fed increases the money supply, in the long run real GDP will likely remain the same.

Explanation:

hoped this helped

4 0
3 years ago
Pittsburg Steel Manufacturing has a weighted-average unit contribution margin of $20 for its two products, Standard and Supreme.
pickupchik [31]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The weighted-average unit contribution margin of $20.

Expected sales for Pittsburg Steel are 40,000 Standard and 60,000 Supreme.

Fixed expenses are $1,800,000

First, we need to calculate the break-even point in units for the whole company.

Break-even point (units)= Total fixed costs / Weighted average contribution margin ratio

Break-even point (units)= 1,800,000/20

Break-even point (units)=90,000 units

<u>Now, for each product:</u>

Standard= (40,000/100,000)*90,000= 36,000 units

Supreme= (60,000/100,000)*90,000= 54,000 units

5 0
4 years ago
Holiday corp has two divisions quail and marlin. quail produces a widget that marlin could use in its production. quails variabl
kirill [66]

Answer:

a. $800,000

b. $12

c. $12

Explanation:

Cost Savings :

Market Price  ($12 × 100,000 units)                                    $1,200,000

Less Minimum Transfer Price ( $4 × 100,000 units)           ($400,000)

Savings                                                                                   $800,000

Maximum Transfer Price is $12

If quail is operating at capacity, units to meet internal demand would need to be recovered from the external market and that creates an opportunity cost :

Minimum transfer price = Variable Cost per unit - Internal Savings + Opportunity Cost per unit

                                       = $4 + ($12 - $4)

                                       = $4 + $8

                                       = $12

3 0
3 years ago
Q11. When marginal costs are below average total costs, a. average fixed costs are rising. b. average total costs are falling. c
gogolik [260]

When marginal costs are below average total costs, average total costs are falling. Option B is correct.

<h3>What is Marginal Cost?</h3>

In simple terms, marginal cost is defined as the extra cost of producing more or an extra unit of a product.

In other words, it is the cost of producing extra units of a product.

Learn more about Marginal Cost

brainly.com/question/3200587

#SPJ1

3 0
3 years ago
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