Answer:
The cost of units transferred to finished goods is: $90,100
Explanation:
Giving the following information:
Cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 5,500 + 48,100 + 30,600 + 16,800 - 10,900= $90,100
The cost of units transferred to finished goods is: 90100
Answer:
Decrease by $250,000
Explanation:
Calculation for what would be the effect on net income.
We would be using Differential Analysis method to find the effect on the net income
Differential Analysis
Continue with Luggage Department; Eliminate Luggage Department; Effect on Income
Sales
1,000,000 0 -1,000,000
Variable cost
-250,000 0 250,000
Direct fixed costs
-500,000 0 500,000
Indirect fixed costs
-300,000 -300,000 0
Net Income
-$50,000 -$300,000 -$250,000
Therefore in a situation where the luggage department is eliminated, the income would decrease by $250,000
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Suppose Sally borrows $1,000 from Harry for one year and agrees to pay a nominal interest rate of 9%. When she borrows the money, both she and Harry expect an inflation rate of 6%. Suppose that when Sally pays back the loan after one year, the actual inflation rate turns out to be 7%.
Real rate= nominal rate - inflation rate
At the beginning of the loan, the expected real rate is:
Real rate= 9 - 6= 3%
The actual rate is:
Real rate= 9 - 7= 2%
Answer:
True
Explanation:
Suppose I am the CEO of the company and I am selling the Assets of the company which are the backbone of our company. I did this because I am of the opinion that I must increase the profit of the company in the short run and have compromised future incomes coming from that asset. And now suppose the asset sold was bought by one of our greatest competitor. Now we had sold him our key to success so what we learnt is that we can not assume a better future of the company without taking long term projects which will add great value to the operations, customers, shareholders and to the company.
Answer: FALSE
Explanation: The Western nations like the United States of America and other developed countries of the world has constantly criticize Human rights violations in China and other countries of the world.
Economic progress does not lead to totalitarian Government or regimes, many counties in Europe and the United States of America have made economic progress and are economic powers of the world but they have not adopted the totalitarian System.
