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sukhopar [10]
3 years ago
8

As of December 31, 2017, Nilsen Industries had $2,000 of raw materials inventory. At the beginning of 2017, there was $1,600 of

materials on hand. During the year, the company purchased $354,000 of materials; however it paid for only $314,000. How much inventory was requisitioned for use on jobs during 2017?
Business
1 answer:
MissTica3 years ago
8 0

Answer:

The $353,600 should be requisitioned for use on jobs during 2017

Explanation:

For computing how much inventory is consumed during 2017, the following equation should be used.

Raw material consumed = Opening raw material balance + purchase of raw material - ending raw material balance

So, it is equal to

= $1,600 + $354,000 - $2,000

= $353,600

The paid value which is related to the inventory is not been considered.Thus, it is irrelevant portion which is ignored in the computation part. Rest values should be taken for computation part.

Hence, the $353,600 should be requisitioned for use on jobs during 2017

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A small foundry agrees to pay $220,000 two years from now to a supplier for a given amount of coking coal. The foundry plans to
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Answer:

A) $24,602

Explanation:

We can solve this question by finding the periodic deposits needed by using the formula:

FV=PMT*\frac{(1+i)^n-1}{i}

where:

FV= future value   = $220,000

PMT = periodic deposits required = ???

i = effective  interest rate per period = 0.0331

n= number of deposits = 8

However, since the interest is compounded monthly, let's also  calculate the effective interest rate

Effective interest rate = (1+\frac{r}{m}) ^m-1

where; r = 12.5% = 0.125

(1+\frac{0.125}{12})^{12} -1

= 0.1324

Interest rate per period = \frac{0.1324}{4}

= 0.0331

Then;

220,000=PMT*\frac{(1+0.033)^8-1}{0.033}

220,000 = PMT × 8.986

PMT = \frac{220,000}{8.986}

PMT = $ 24,482.5

Since A) $24,602 is closer to $ 24,482.5

Therefore,  $ $24,602  must be deposited every three months

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4 years ago
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The lower-priced caskets are positioned in the higher mark-on quartile in accordance with price progression. Caskets that cost less will be marked up more.

<h3>What is Pricing Method?</h3>

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7 0
2 years ago
What are the portfolio weights for a portfolio that has 145 shares of Stock A that sell for $47 per share and 200 shares of Stoc
ycow [4]

Based on the information given the portfolio weights for a portfolio are:

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First step

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Stock A 145           $47                       6,815

Stock B 200          $21                       4,200

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Second step

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Inconclusion the portfolio weights for a portfolio are: Stock A 0.6187; Stock B 0.3815.

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