1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
valentinak56 [21]
3 years ago
7

The Mill Flow Company has two divisions. The Cutting Division prepares timber at its sawmills. The Assembly Division prepares th

e cut lumber into finished wood for the furniture industry. No inventories exist in either division at the beginning of 20X5. During the year, the Cutting Division prepared 60,000 cords of wood at a cost of $660,000. All the lumber was transferred to the Assembly Division, where additional operating costs of $6 per cord were incurred. The 600,000 boardfeet of finished wood were sold for $2,500,000.
Determine the operating income for each division if the transfer price from Cutting to Assembly is at cost - $11 a cord.
Business
1 answer:
shtirl [24]3 years ago
7 0

Answer:

Cutting $0

Revenue $1,480,000

Explanation:

Cutting Assembly

Revenue $660,000 $2,500,000

Cost of services:

Incurred $ 660,000 $ 360,000

Transferred-in $0 $660,000

Total $ 660,000 $1,020,000

Operating income $ 0 $1,480,000

60,000 cords x $11 = $660,000

Operating income:

Cutting

Revenue $660,000 - Total $ 660,000 =0

Assembly

Revenue $2,500,000- Total$1,020,000

=$1,480,000

You might be interested in
What is sole proprietorship?? <br><br><br>hlo everyone​
VLD [36.1K]

A sole proprietorship , also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity.

Hello...

3 0
2 years ago
On January 1, 2018, Album Co. issued $200,000 of ten-year bonds. Interest is payable semi-annually on June 30 and December 31. T
Mrac [35]

Answer:

12%

Explanation:

Album Co. paid $12,000 for interest, and that is the stated interest of the bonds.

Stated interest = $12,000 / $200,000 = 6% semiannually, therefore the annual stated interest is 6% x 2 = 12%

The stated rate is applied to the face value of the bonds, regardless of their selling or trading price.

6 0
3 years ago
The two main sources of stockholders' equity are a.net income retained in the business and dividends paid b.investments by stock
Lady_Fox [76]

Answer:C - investments by stockholders and net income retained in the business

Explanation: Stakeholders equity are the investments made by investors into the business plus any profit retained by the business.

Stakeholders equity can also be said to be the gross profit less all liabilities for a specified period. This also includes assets that the company owns.

It does not include dividend issued for the period as dividend is also a liability to the company.

7 0
3 years ago
Relevancy ranking suggests internet search result will be placed in order of
vodomira [7]

Relevancy ranking suggests internet search result will be placed in order of the order of the most relevant to the search query. The first item on the ranking should be the most relevant and then as the list goes down they are less related to the topic being searched for.

8 0
2 years ago
You purchase a bond with an clean price of $1,129. The bond has a coupon rate of 10 percent, and there are 4 months to the next
marta [7]

Answer:

The answer is "1145.66".

Explanation:

Using formula:

\text{Dirty price = Clean price + accrued interest}\\\\

                  = 1,129 +100\times 0.5\times \frac{2}{6} \\\\= 1,129 +50\times \frac{2}{6} \\\\= 1,129 + \frac{100}{6} \\\\= \frac{6774+100}{6} \\\\= \frac{6874}{6} \\\\=1145.66

OR

=\$1,129+(10\% \ of\ 1000)\times \frac{2}{12}\\\\=\$1,129+(\frac{10}{100} \times \ 1000)\times \frac{2}{12}\\\\=\$1,129+(100)\times \frac{2}{12}\\\\=\$1,129+ \frac{200}{12}\\\\=\$1,129+ 16.666667\\\\=\$1,145.666667\\\\

8 0
2 years ago
Other questions:
  • A salesman receives a fixed salary of $500 per week. In addition he is paid 12% of all sales over $1000. Write the formula that
    5·1 answer
  • You are placing an order for printer paper for your office, and the supplier offers to
    15·1 answer
  • The fixed cost of Perfect Pizzas, a pizza restaurant, is $400,000 per year. The cost of ingredients and chef to make one pizza i
    11·1 answer
  • The two major forms of employee involvement are participative management and ________. 1. job sharing 2. job rotation 3. represe
    13·1 answer
  • Redbox places vending machines at local convenience and grocery stores that allow customers to rent and return popular DVDs 24 h
    7·1 answer
  • Pat's Custom Tuxedo Shop maintains its records on the cash basis. During this past year Pat's collected $42,000 in tailoring fee
    8·1 answer
  • An old computer having book value RS.10000 was sold for RS. 15009.<br>journal entries?​
    6·2 answers
  • Latvia and Estonia are two countries. Assume that currently there is no trade between them. Each country has 100 units of labor.
    13·1 answer
  • Moon Company owns 56 million shares of stock as a long-term investment in Center Company and Moon does not have significant infl
    9·1 answer
  • Felix and Sam are roommates. They both want the dishes to be washed, but each would prefer that the other person do it. Using th
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!