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Bumek [7]
3 years ago
14

Given the following information from Power Enterprises’ direct materials budget, how much direct materials needs to be purchased

?
Beginning Materials Inventory= $101,200

Ending Materials Inventory= 105,300

Materials needed for production= 890,250
Business
1 answer:
Kipish [7]3 years ago
3 0

Answer:

the method to get the correct answer is so simple, here it it!

First you have to look at how much of an inventory is there. this means that since you have them, you don't have to produce that amount. so you deduct that amount from this month's production requirement.

$890,250 - $101,200 =  789,050

then you must look at how many of an inventory we have to keep at the end of this month! this means our inventory level can't reach 0 and we must have this as the balance at the end of the period. so we have to add this amount to the production requirement as an excess amount!

$789,050 + $105,300 = $894,350

$894,350 is the answer!

Explanation:

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Suppose Congress is considering raising the top federal marginal tax rate from 35% to 40%. Senator Jones believes the elasticity
KIM [24]

Answer:

Explanation:

Solution-

According to Senator Jones, the elasticity of taxable income is larger, which means that due to a certain percentage rise in taxes, the taxable income rises by a greater percentage. Also, according to Senator Smith, the elasticity of taxable income is small, which means that due to a certain percentage rise in taxes, the taxable income rises by a smaller percentage.

(I) Under Senator Jones assumptions, due to rise in taxes, the taxable income has risen considerably as compared to Senator Smith assumptions. Thus the estimates of additional revenue from the tax increase will be larger under Senator Jones assumptions, compared to Smith's assumptions.

(ii) Since under Senator Jones assumptions, elasticity of taxable income is large. So due to rise in taxes, there is a significant proportional rise in taxable income under Jone's assumptions compared to Senator Smith assumptions. Thus the costs of the tax increase is borne more under Senator Jones assumptions , compared to Smith's assumptions.

3 0
3 years ago
Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is
Karo-lina-s [1.5K]

Answer:

The answer is E. $24,000

Explanation:

Straight line depreciation method equals

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Cost of asset is $135,000

Salvage value is $15,000

Number of years is 5 years

$135,000 - $15,000/5 years

$120,000/5 years

=$24,000

Straight line method of depreciation has equal amount all through the year.

The first year through it end life.

Therefore, machines' first year depreciation under the straight-line method is $24,000

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If union contracts raise wages above competitive levels, what might be one negative outcome?​
Feliz [49]

Answer:

Companies will move overseas to escape unions and hire cheaper labor.

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Serios is a software development firm in Canada. It creates an application to guide the development of Maglev trains in Mexico C
xxTIMURxx [149]

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C. Software as a service

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Amortizing a bond discount: Multiple Choice Decreases
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Answer:

Allocates a portion of the total discount to interest expense each interest period.

Explanation:

First, we understand that once a bond is issued at a discount, the first implication is the existence of a debit figure representing the discount on the bond issued.

However, the treatment of this discount figure is this:

First, the difference between the interest based on the effective interest rate of the carrying value of the bond and the interest based on the coupon rate on the face value of the bond is calculated. Once calculated, the discount figure is then amortized to the value of the difference between the two interest figures.

As such, amortizing discount on bonds affects the interest expense each interest period.

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3 years ago
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