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barxatty [35]
3 years ago
14

Concord Corporation has beginning work in process inventory of $164000 and total manufacturing costs of $486000. If cost of good

s manufactured is $460000, what is the cost of the ending work in process inventory?
a. $190000.
b. $210000.
c. $170000.
d. $138000.
Business
1 answer:
bazaltina [42]3 years ago
4 0

Answer:

a. $190000.

Explanation:

begining WIP                                       164,000

Total cost added during the period <u>  486,000  </u>

total cost to be accounted for:           650,000

cost of goods manufactured           <u>  (460,000)  </u>

ending Work In process                     190,000

The ending WIP will be the cost of the unfinished goods.

The beginning and the cost added during the period, will be the total cost to be  accounted for.

Then the cost of goods manufactured is subtracted as, these are transferred-out to finished goods.

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amid [387]

Answer:

Pricing strategy to stay competitive

Explanation:

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In setting up a price strategy the management.of a business need to put into consideration the competitive reaction, pricing position, pricing segment, and pricing capability.

The generic drugs companies in the US are selling fluconazole for a higher price than pharmaceutical company with headquarters in India in the international market.

In order for them to stay competitive they will need to review their price downward or customers will switch to the cheaper option

5 0
2 years ago
A subsidiary ledger:(A) used in place of the general ledger if the general ledger is destroyed or stolen.(B) a group of accounts
gayaneshka [121]

Answer:

The correct option is C

Explanation:

Subsidiary ledger are those kind of the ledger which is stated as the group of the similar or common accounts, whose combined balances are equal to the balance in the particular account of general ledger.

The general ledger is the account that summarizes or provide detailed information of the account balances of the subsidiary ledger is recognized as the control account or the master account.

The subsidiary ledger are those group of accounts which have a similar characteristic and provide summarized information regarding the control account.

3 0
3 years ago
"Which of the following are covered under the Securities Exchange Act of 1934? I Registration of new issues II Stabilization of
OleMash [197]

Answer: II. stabilization of new issues

III. registration of exchanges

IV. registration of broker-dealers

Explanation:

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From the options, those that are covered under the Securities Exchange Act of 1934 include the stabilization of new issues, the registration of exchanges and the registration of broker/dealers.

It should be noted that the Securities Exchange Act of 1934 does not cover the registration of new issues.

6 0
3 years ago
Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade.
Varvara68 [4.7K]

Answer:

Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade. Its currency is the are. Potential output Is 600 billion arcs (Scenario: Fiscal Policy) Look at the scenario Fiscal Policy. If actual output Is 500 billion arcs, to restore the economy to potential output government should by 25 billion arcs.

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Explanation:

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arsen [322]

Answer:

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Explanation:

The calculation of net cash inflows from financing activities is shown below:-

Net cash inflows from financing activities

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The positive sign represents the cash inflow and the negative sign represents the cash outflow

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