5 countries in which most transnational corporations are headquartered

stereo corp. produces radios. the following information on inventory and production pertains to the year 2017. total manufacturi

Ugo [173]

The cost of goods manufactured at stereo corp. in the year 2017 is $285,000.

What is Manufacturing?
Manufacturing is the process of turning raw materials or sections into finished goods using tools, human labour, machinery, and chemical products.

Manufacturing enables companies to sell finished goods at a price higher than the cost of the materials used. Huge manufacturing allows for the mass production of goods using assembly line procedures and sophisticated technology as core assets. Manufacturing techniques that are efficient allow manufacturers to start taking advantage of scale economies of scale, generating more units at the a lower cost. Manufacturing is a vital and significant component of the economy. It entails the transformation of raw materials such as ore, timber, and food into finished goods such as metal goods, soft furnishings, and processed foods.

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3 0

1 year ago

The concept of property rights is important to understanding the way externalities affect market efficiency. The four images abo

marusya05 [52]

Answer:

1. Private Good: A snow cone

2. Public Good: A community fireworks display

3. Common Resource: An Alaskan king crab

4. Club Good: Satellite Television

Explanation:

Goods can be categorized into four distinct categories as show above. This distinction is based mainly on two things:

A. Excludability: Whether others can be prevented from consuming them.

B. Rivalrousness: Whether consumption reduces the availability for consumption by others.

1. Private Goods: They are both excludable and rivalrous. They have to be purchased in order to be consumed. Anyone who cannot afford it, is excluded from consuming it. Similarly, the purchase of it by one person reduces the availability for another person, proving rivalry.

2. Public Goods: They are both non-excludable and non-rival. Anyone can consume it and one person’s consumption does not reduce what is available for another person.

3. Common Resource: They are non-excludable but are rival products. They are available to be utilized by anyone but one person’s consumption will reduce what is available for another person.

4. Club Goods: These are excludable but non-rival goods. Individuals can be prevented from consuming them if they don’t purchase it, but one person’s consumption won’t impact the consumption of another person.

3 0

3 years ago

A manufacturing division has an average of $1,800,000 invested in assets and earned income of $720,000. The division's return on

Romashka [77]

Answer:

ROI = 0.4

Explanation:

To find the answer, we use the following formula:

Return on Investment = Profit / Investment

Now, we simply plug the amounts into the formula:

Return on Investment = $720,000 / $1,800,000

= 0.4

5 0

3 years ago

Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represe

Len [333]

Answer:

A. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Dr. Cash over and short, $8; Cr. Petty cash, $268.

Explanation:

$80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses are all expense accounts which need to be debited for settlement. Cash Shortage account is debited by $8 to record the cash shortage effect. The total of all these account will be credited in cash account.

7 0

3 years ago

Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the filing status of marr

sp2606 [1]

Answer:

1. Taxable income of $62,449 that includes a qualified dividend of $560.

tax liability = $1,975 + [12% x ($62,449 - $19,750)] = $7,098.88

2. Taxable income of $12,932 that includes a qualified dividend of $322.

tax liability = $12,932 x 10% = $1,293.20

3. Taxable income of $144,290 that includes a qualified dividend of $4,384.

tax liability = $9,235 + [22% x ($144,290 - $80,250)] + ($4,384 x 15%) = $23,981.40 ≈ $23,981

4. Taxable income of $43,297 that includes a qualified dividend of $971.

tax liability = $1,975 + [12% x ($43,297 - $19,750)] = $4,800.64 ≈ $4,801

5. Taxable income of $262,403 that includes a qualified dividend of $12,396.

tax liability = $29,211 + [24% x ($262,403 - $171,050)] + ($12,396 x 15%) = $52,995.12 ≈ $52,995

Explanation:

I used the 2020 tax bracket. Everyone earning over $78,750 but less than $488,850 must pay a 15% tax rate for their qualified dividends.

5 0

4 years ago