Answer:
270,000 units
Explanation:
Given that:
Beginning Inventory for finished goods: 31,000
Ending Inventory for finished goods : 41,000
Beginning Inventory for raw materials: 61000
Ending Inventory for raw materials: 51,000
Units planned to be sold: 260,000
We compute the produced finished goods = Ending inventory + Units sold − Beginning inventory
= 41,000 + 260,000 − 31,000 = 270,000
The number of units the company would have to manufacture during the year would be 270,000
Answer:
No, because the statement is not offered for its truth.
Explanation:
Hearsay is defined as a statement that is aimed at proving the truth of a matter.
So if a person makes a statement not aimed at proving the truth of a matter it is not hearsay.
In the given scenario the company offers to have its foreman testify that he had told the plaintiff not to use the fireplace for 24 hours to allow certain chemicals to evaporate.
This statement is offered as a way to test the knowledge of the plaintiff. To see if he was aware of the danger of in the space of 24 hours.
That statement was not issued as a way of showing that it was dangerous for the plaintiff to light a fire, only to test his knowledge. So it is not hearsay.
The answer is b
Overhead are the factory cost which include fixed overhead and variable overhead
Answer:
a. Gross profit rate = Gross profit / sales
= <u> $710,000 * 100</u>
$1,230,000
= 57.72%
b. <u>Supreme Operating Income </u>
Gross Profit $710,000
Operating expenses <u>(440,000)</u>
Operating Profit <u> 270,000</u>
<u />
c. Return on Asset = Return/ Average Asset
= <u>$390,000 * 100 </u>
$4,000,000
= 9.75%
d. Return on equity = Return / Average equity
= <u>$390,000 * 100 </u>
$2,400,000
= 16.25%
e. Price-earnings ratio = Market price per share / earnings per share
= $88/ $4
= 22
Explanation:
Computation of Gross profit
$'000
Net Sales 1,230
Cost of goods sold <u>(520)</u>
Gross Profit 710
