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viktelen [127]
3 years ago
15

1. Purchased raw materials on account $49,400.

Business
1 answer:
lora16 [44]3 years ago
4 0

Answer and Explanation:

The journal entries are shown below:

1. Raw material inventory A/c Dr.$49,400

           To accounts payable  $49,400

(To record raw material purchased)

2. Work in process inventory A/c Dr. $33,300

  Manufacturing overhead A/c Dr. $8,000

                   To Raw material inventory Cr. $41,300

(To record the raw material requisitioned is recorded)

3. Factory payroll A/c Dr.$65,200

                To cash $65,200          

(To record factory labor cost incurred)    

4. . Work in process inventory A/c Dr. $54,600

     Manufacturing overhead A/c Dr. $10,600

                    To factory payroll Cr. $65,200

(To record the direct labor and indirect labor is recorded)

5. Manufacturing overhead A/c Dr. $84,900

                To accounts payable Cr. $84,900

(To record the manufacturing overhead is recorded)

7. Work in process inventory A/c Dr. $81,900   ($54,600×150%)

                To Manufacturing overhead Cr. $81,900

(To record the applied manufacturing overhead is recorded)

8. Finished goods inventory A/c Dr. $96,300

             To Work in process inventory Cr. $96,300

(To record the transferred goods are recorded)

9. Cost of goods sold A/c Dr. $80,700

        To finished goods inventory Cr. $80,700

(To record the cost of goods sold is recorded)

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Answer:

Hilton Brews

The organizational growth strategy used by Hilton Brews is:

B. Diversification.

Explanation:

Diversification strategy is the corporate strategy that Hilton Brews has adopted to take advantage of the increased health benefits of teas by introducing a new line of organically grown and processed teas.  Diversification strategy is different from other corporate growth strategies which Hilton Brews could have adopted, including market expansion, market penetration, and product development.

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2 years ago
Bouchard Company's stock sells for $20 per share, its last dividend (D0) was $1.00, and its growth rate is a constant 6 percent.
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Answer:

The answer is 11,3%

Explanation:

The cost of common stock is common stockholders’ required rate of return. There are 3 methods to calculate the cost of common stock:

i- Dividend discount model or DMM

ii- Capital asset pricing model or CAPM

iii- Bond yield plus risk premium approach

Because of the information provided by the exercise, the correct method to use is de Dividend discount model.

Knowing the current market price of a stock and the last dividend paid, we can calculate the required rate of return, which is equal to the cost of common stock.

rs=(D1/P0)+g

D1= expected dividend

P0= current market price of the stock

g= dividend’s growth rate

To calculate D1 you need to use the following formula= D0x(1+g)

<u>Using the exercise information:</u>

D1=D0*(1+g)=1*1,06=1,06

P0=20

g=0,06

rs=(1,06/20)+0,06=0,113*100=11,3%

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3 years ago
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olga2289 [7]

Answer:

I have solved part a) because question contains only part a) however it has 3 more parts as well but that are not mentioned in the question. Part a) is explained below.

Explanation:

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To represent the variability of the observations, interquartile range could be used. Since, there is a good number of expensive houses and this would increase the mean and standard deviation. So, it is better to use interquartile range to represent it, i.e. upper quartile for expensive houses, and lower quartile for less expensive houses and middle quartile for mid-range priced houses.

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Answer:

The correct answer is option E.

Explanation:

The term capital refers to the machinery and equipment that are used to produce goods and services. These things are long lasting and are not exhausted in the production process.

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A competitive market economy with low barriers to entry affords an entrepreneur with

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