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4 years ago

Basic job Costing

Business

1 answer:

Likurg_2 [28]4 years ago

4 0

Answer:

1) Prepare the journal entry for the purchases/receivings.

Dr Inventory: 14k gold 24,000

Dr Inventory: diamonds 28,000

Dr Inventory: rubies 14,000

Cr Cash (or accounts payable) 66,000

2) Prepare the journal entry for the direct materials requisitions (by job).

Dr Work in process (job 101) 7,480

Cr Inventory: 14k gold 480

Cr Inventory: diamonds 2,800

Cr Inventory: rubies 4,200

Dr Work in process (job 102) 2,360

Cr Inventory: 14k gold 960

Cr Inventory: rubies 1,400

3) Prepare the journal entry for factory payroll.

Dr Work in process 280,000

Cr Wages payable 280,000

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4 years ago

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Answer:

We know the company's ROE and plowback ratio, and we can use these 2 figures to find out the future growth rate of the company. In order to do this we need to multiply the ROE by plowback ratio.

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We can also find the company's dividend, by (1- plowback ratio) we get how much percentage of the earning is the company distributing as dividends.

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This dividend is the dividend which the company will pay in the upcoming year after which they will have a constant growth rate, so in order to find the intrinisc value now, we need to find the intrinsic value of the stock will be in the upcoming year using the upcoming years dividend and then discount that value by the required return of the stock to get the current years intrinsic value.

Now we can use the DDM formula to find the intrinsic value of the stock in the upcoming year.

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D= 1.8

G= 0.126

R=0.14

1.8*(1+G)/0.14-0.126

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144.77/1.14

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4 years ago

Marketing ethics is most important for advertising agencies. maximizes an organization's positive impact on society. refers to p

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Answer:

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