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3 years ago

A company sells goods for $150,000 that cost $54,000 to manufacture. Which statement is true?

Business

1 answer:

sasho [114]3 years ago

3 0

Answer:

Option B is the correct answer.

Explanation:

The sale of finished goods worth $54000 for an amount of $150000 will require us to recognize a revenue of $150000 and a reduction in inventory of finished goods worth $54000.

Option a is incorrect as the gross profit is not recognized on balance sheet. The gross profit is an income statement item.

Option c is incorrect as the sale of finished goods will cause a reduction in the finished goods inventory for the amount of goods sold.

Option d is incorrect as the sale will be recognized in sales revenue on the profit and loss statement and not on the balance sheet as revenue is a profit and loss statement account.

Thus, option b is the correct answer as the sale of finished goods will be represented by a reduction in finished goods inventory by the cost of the goods sold which is $54000.

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In order for your savings and investments to truly increase in value, what must they do? select all that apply

Pie

Answer:

1,3,4

Explanation: Those are the one I would choose.

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2 years ago

Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D

il63 [147K]

Answer:

$1.88; $2.00

Explanation:

Equivalent Units Produced for direct material:

= Opening Work In Progress + Introduced + Closing units

= units × Degree of completion

= (59,000 × 0%) + (159,000 × 100%) + (84,000 × 100%)

= 0 + 159,000 + 84,000

= 243,000

Equivalent Units Produced for conversion costs:

= Opening Work In Progress + Introduced + Closing units

= Units × Degree of completion

= (59,000 × 65%) + (159,000 × 100%) + (84,000 × 20%)

= 38,350 + 159,000 + 16,800

= 214,150

Cost Per Equivalent Units for direct material:

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= $456,840 ÷ 243,000

= $1.88

Cost Per Equivalent Units for conversion cost:

= Total Cost Incurred ÷ Equivalent Units Produced

= $428,300 ÷ 214,150

= $2.00

5 0

3 years ago

Suppose, you have $20,000 in your account. You receive a monthly

Setler [38]

Answer:

According to the data provided the opportunity costs is detailed below:

Initial Balance $20,000

Monthly interst $200

Investment $500

________________________

The Opportunity cost is $500

Explanation:

The opportunity cost is the price you pay for not choosing best second alternative when you make a decision. In this case the person has three options:

1. Spending the money

2. Save the money

3. Invest the money

Once the money is spent the opportunity costs is generated and it is measured by the interest rate lost for not keeping the money in the investment that will generate an interest rate of $500 monthly.

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harkovskaia [24]

Answer:

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This concept of intelligent technology, is justified mainly for the purpose of offering different electronic prototypes, a logical programming that reacts to stimuli that are attributed to its sensors. Something very similar to what occurs with a new brain that, in addition to receiving specific instigations, proceeds in an immediate way to generate the corresponding chords to the dictated call.

In this order of ideas, the electronic devices are endowed with sufficient capacity to understand messages such as, in the case of the cell phone or the television, the presence and use of this device by a person, as it proceeds to lower its performance by optimizing the energy that requires its operation.

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3 years ago

Under two of the incoterms® rules, ________ has to provide the importer with a certificate of insurance.

Dovator [93]

<span>"The exporter"</span> has to provide the importer with a certificate of insurance.

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3 years ago