What kinda of block can result from poor language skills

Fireworks, Inc., had an explosion in its plant that destroyed most of its inventory. Its records show that beginning inventory w

Zielflug [23.3K]

Answer:

$15,000

Explanation:

The computation is given below:

The goods available for sale is

= $40,000 + $480,000

= $520,000

And the sales is $620,000

So, the gross profit

= $620,000 × 25%

= $155,000

So, the cost of goods sold is

= Sale - Gross profit

= $620,000 - $155,000

= $465,000

Now the ending inventory is

= $520,000 - $465,000

= $55,000

And, the reimbursement amount is

= ($55,000 - $5,000) × 70%

= $35,000

So, the loss from the explosion is

= $55,000 - $5,000 - $35,000

= $15,000

6 0

3 years ago

A manager of Paris manufacturing which produces computer hard drives, is planning to lease a new automated inspection system. Th

3241004551 [841]

Answer:

Paris Manufacturing

1. Based on cost considerations, the new inspection system should not be leased.

2. Based on cost considerations, the manufacturer should accept the NEW-SPEC offer.

Explanation:

a) Data and Calculations:

Annual demand for computer hard drives = 8,000 units

Current manual inspection system:

annual fixed cost = $35,000

Inspection variable cost per unit = $15 per unit.

Total cost for manual inspection system:

Variable costs $120,000 (8,000 * $15)

Fixed costs 35,000

Total costs $155,000

New automated inspection system:

Annual fixed cost = $165,000

Inspection variable cost per unit = $0.55 per unit

Total cost for automated inspection system:

Variable costs $4,400 (8,000 * $0.55)

Fixed costs 165,000

Total costs $169,400

Total cost with NEW-SPEC:

Variable costs $152,000 (8,000 * $19)

b) The improved efficiency will surely outrun the cost of the new automated inspection system. Therefore, I recommend that Paris should go ahead with the new system, despite the costs. Accepting the offer from NEW-SPEC provides the best financial efficiency. However, in the long-run, purchasing the automated inspection system might prove to be the best decision.

7 0

3 years ago

Sunland Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based

Tanya [424]

Answer:

<h2>a. Traditional Cost</h2>

Product 540X

= Revenue - Cost

= 200,000 - 53,000

=$147,000

Product 137Y

= 162,000 - 48,000

= $114,000

Product 249S

= 92,000 - 25,000

= $67,000

<h2>B. ABC Costing</h2>

Product 540X

= Revenue - Cost

= 200,000 - 47,100

=$‭152,900‬

Product 137Y

= 162,000 - 29,000

= $‭133,000‬

Product 249S

= 92,000 - 49,900

= $‭42,100‬

c.

Difference in Income for 540X

$= \frac{Income under ABC - Income under Traditional costing}{Income under Traditional costing} \\\\= \frac{152,900 - 147,000}{147,000} \\\\= 0.0401$

= 4.01%

Difference in Income for 137Y

$= \frac{Income under ABC - Income under Traditional costing}{Income under Traditional costing} \\\\= \frac{133,000 - 114,000}{114,000} \\\\= 0.1667$

= 16.67%

Difference in Income for 249S

$= \frac{Income under ABC - Income under Traditional costing}{Income under Traditional costing} \\\\= \frac{42,100 - 67,000}{67,000} \\\\= -0.3716$

= -37.16%

6 0

3 years ago

A tariff:_________.

Sergio [31]

Answer:

<h2>C. Makes domestic consumer worse off. </h2>

Explanation:

A tariff is levied on the exports and imports between two countries. It is meant to regulate the foreign trade and encourage the domestic industries and safeguard them from the competition of foreign goods. Tariffs are source of income for states. Tariffs and import export quotas are most used instruments of protectionism. Tariffs are fixed or variable.

It can put the domestic consumer in an advantageous position as due to tariffs they would not be able to get less costly products.

8 0

3 years ago

What is the relationship of a single firm's demand curve in a purely competitive industry?

pav-90 [236]

Pure competition or perfect competition is where all firms have full knowledge of what is going on in the market, where there is free flow of information between not only the producers, but also with the consumers.

As such, all firms have no dominant share of market power since each individual firm is able to produce the good of the same quality and quantity (factors of production are fluid, and no costs in transportation in this theory). And at the same time, consumers have full knowledge of the quality of good they are getting and hence no firm will be able to exploit the misinformation of a good for its own profits.

This builds up to the point of a perfectly elastic demand curve, where consumers know what amount and at which price point do they value the product at. And knowing for the fact that small individual firms in a purely competitive firm have no say over prices, they become the price takers for this kind of market. Thus where MB=MC, the equilibrium point is reached and it is also at the socially optimal level since all consumers have full knowledge of the pros and cons of consuming a product (hence no externalities).

Hope this helps!<span />

6 0

3 years ago