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Mariulka [41]
3 years ago
7

Gaynor Company started March with $35,000 in direct materials inventory. During the month, direct materials in the amount of $14

5,000 were purchased and $22,000 was in the ending direct materials inventory at the end of March. What was the amount of direct material used in production in March?
Business
1 answer:
zavuch27 [327]3 years ago
4 0

Answer:

$ 158,000

Explanation:

      $  

  35,000   Beggining Balance (BB ) +

 145,000 Purchases                   (P)   +

<u> -158,000</u> <u>Consumption</u>                   (C )  -

   22,000 Ending balance       (EB ) =

Formulas:  

EB= BB + P - C  

C=   BB + P - EB  

<u><em>Material used ( Consumption )</em></u><em> </em><em>=</em><em> Material in Stock </em><em>+ </em><em> Material purchased in the period  </em><em>- </em><em> Material remaining at the end of period</em>

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Answer:

Disadvantage of Corporate Form of Organization:

d. Government regulation

Explanation:

In recent times, government regulation of businesses appears to be regarded as a disadvantage of the corporate form of organizations.  Governments intervene and regulate corporate entities whenever they fail to be self-regulatory.  But, the regulations may appear to be so much that the corporate form of organization now looks like a disadvantage.  Given the many corporate scandals, collapses, and misapplications of resources by corporate entities that have become the order of the day, government regulation is very important.  Without government regulation, many corporate bodies will not be acting in the public interest.  This is more so with public entity corporate organizations with diverse stakeholders and corporate managers who act as if they were running their own autonomous governments.

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4 years ago
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3 years ago
Exercise 11-1 Compute the Return on Investment (ROI) [LO11-1] Alyeska Services Company, a division of a major oil company, provi
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The discounted payback period rule states that a company will accept a project if?
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2 years ago
Turner, Roth, and Lowe are partners who share income and loss in a 2:3:5 ratio (in percents: Turner, 20%; Roth, 30%; and Lowe, 5
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