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3 years ago

Use the following data to compute total manufacturing costs for the month:

Business

1 answer:

NeTakaya3 years ago

8 0

Answer:

total manufacturing costs for the month is $134,400

Explanation:

To compute total manufacturing costs for the month consider only the costs that are factory related.

<u>total manufacturing costs for the month : calculation.</u>

Direct labor 40,900

Indirect materials 16,500

Factory manager salaries 8,500

Factory supplies 10,300

Indirect labor 7,600

Direct materials 41,800

Depreciation—factory equipment 8,800

Total manufacturing costs 134,400

Therefore, total manufacturing costs for the month is $134,400

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How can Jude, a high-end automobile dealer, decide whether to grant one of his potential customers credit?

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Answer:

B.check with a credit and information management company

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2 years ago

Tom rented an apartment from margaret on a month-to-month basis, with rent due on the first of the month. this type of tenancy i

Alborosie

False.

This is a periodic tenancy because Tom, as the tenant, may rent the apartment for successive periods under his lease, despite being "month-to-month." A tenancy at will, however, allows either the landlord or the tenant to terminate the arrangement at any time because there is more flexibility in the arrangement.

One key difference is the issue of the tenant's notice to vacate the apartment. Under periodic tenancy, the law typically requires the tenant to give at least one period (here, one month) notice to the landlord of the tenant's wish to leave the property. No such notice requirement is typically found within a tenancy at will.

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2 years ago

Lemony Company made sales of $ 32 comma 200 million during 2018. Cost of goods sold for the year totaled $ 12 comma 880 million.

Aleksandr [31]

Answer:

Gross profit is 60%

Inventory turnover is 4.6 times

Explanation:

The formula to compute the gross profit percentage is shown below:

= (Gross profit ÷ sales) × 100

where,

Gross profit = Sales - the cost of good sold

= $32,200 million ÷ $12,880 million

= $19,320 million

And, the sales is $32,200 million

Now put these values to the above formula

So, the percentage would equal to

= ($19,320 million) ÷ ($32,200 million) × 100

= 60%

The formula to compute the inventory turnover is shown below:

= (Cost of goods sold) ÷ average inventory

where,

Average inventory = (Beginning inventory + ending inventory) ÷ 2

= ($1,200 million + $1,600 million ) ÷ 2

= $900 million

And, the cost of good sold is $12,880 million

Now put these values to the above formula

So, the turnover would equal to

= $12,880 million ÷ $2,800 million

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2 years ago

Which of the following are steps in the planning process of an organization? (Check all that apply.) Multiple select question. F

vovangra [49]

The steps in the planning process of an organization include:

A. Formulating strategies to achieve the goals.
B. Determining the organization's mission and goals.
D. Selecting the most effective way to implement the organizational strategy.

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Planning is a management function that ensures the achievement of organizational efficiency and effectiveness.

Planning usually takes place at three levels of the organization, including:

Functional
Business
Corporate levels.

Thus, the steps in the planning process of an organization include Options A, B, and D.

Learn more about the planning function at brainly.com/question/3504046

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1 year ago

7. Valuing semiannual coupon bonds Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual paymen

Maurinko [17]

Answer:

A = $698,494.97 is the right answer.

And Assuming that interest rates remain constant, the T-note’s price is expected to Increase.

Explanation:

A. $698,494.97

B. $593,720.72

C. $838,193.96

D. $440,051.83

Solution:

First we need to see which among the four options is the correct value.

For that we need to find the rate:

Rate = Yield to Maturity/2

Yield to Maturity = 11%

So,

Rate = 11/2

Rate = 5.5%

Now, we need to find the Nper ( Number of periods for the loan)

Nper = 5 x 2 = 10 years.

Nper = 10 years

Now, we need to find PMT which is a financial function used to calculate the amount to be paid for the loan based on constant payments and interest.

PMT = (3%/2) x par value

PMT = (3%/2)x 1,000,000

PMT = 15000

Now, For future value, we have par value.

So,

Par Value = Future Value = FV = 1,000,000

Now, we have to find the PV = Present Value or the price of the bond.

For this we need to use PV function on excel.

Formula:

Price = - PV(Rate, Nper, PMT, FV)

Plugging the values in Excel like this and we get:

Price = -PV (5.5%,10,15000,1000000)

Price = $698,494.97

Hence, A = $698,494.97 is the right answer.

And Assuming that interest rates remain constant, the T-note’s price is expected to Increase.

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2 years ago