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padilas [110]
3 years ago
9

Richards Company manufactures a single product. All raw materials used are traceable to specific units of product. Current infor

mation for the company follows: Beginning raw materials inventory $ 27,000 Ending raw materials inventory 29,000 Raw material purchases 107,000 Beginning work in process inventory 57,000 Ending work in process inventory 42,000 Direct labor 147,000 Total factory overhead 77,000 Beginning finished goods inventory 72,000 Ending finished goods inventory 62,000 The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is:
Business
1 answer:
Mice21 [21]3 years ago
8 0

Answer:

what im iin 5th grade

Explanation:

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Fogel Co. has $4,000,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value co
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The total unamortized bond premium at the date of conversion was $280,000. Fogel should record, as a result of this conversion, a  <span>credit of $217,600 to Paid-in Capital in Excess of Par. Thee answer is A. 

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3 0
3 years ago
32,500 shares of common stock outstanding at a price per share of $80 and a rate of return of 12.95 percent. The firm has 7,350
pashok25 [27]

Answer:

WACC = 11.1%

Explanation:

The weighted Average cost of Capital is the average cost of capital for the different sources of long-term capital available to a firm weighted according to the proportion each source of finance bears to the total capital in the pool.

<em>Market of securities</em>

Common stock =  $80 × 32,500=  2,600,000.  

Preferred stock = $95.50 ×  7,350=   701,925.00  

Bond = 407,000/100 × 111.5= 453,805.00  

<em>Cost of each capital type</em>

Common stock= 12.95

Preferred stock = (7.90%× 100)/95.50= 8.3%

Bond= 8.11%× (1-0.4)=4.87%

<em>WACC</em>

Type                      Market Value          Cost           Market value  cost

Common stock   2,600,000.              12.95%         336,700.00  

Preferred            701,925.00              8.3%             58,065.00  

Bond                   4<u>53,805.00  </u>           4.87%            <u>22,100.30 </u>

Total                    <u>3,755,730.00</u>                               <u>  416,865.30</u>  

WACC = (416,865.30  / 3,755,730.00) ×  100

       = 11.1%

WACC = 11.1%

4 0
3 years ago
All of the following statements regarding leases are true except : A. For a capital lease the lessee records the leased item as
faust18 [17]

Answer: B. Capital leases do not transfer ownership of the asset under the lease, but operating leases often do.

Explanation:

When using Capital Leases, the lessee will record the lease as if it were their own asset and as a result will also depreciate it. The lessee will also create a long term liability on their balance sheet for the asset.

Capital leases usually also involve a transfer of ownership to the lessee at the end of the lease term. Operating Leases on the other hand do not have these features. They are more like a rental of an asset and as such are recorded as a rental expense in the books of the lessee. The ownership remains with the lessor in an Operating Lease and the asset will be returned once the lease period is over.

5 0
3 years ago
George works in an office where smoking is allowed. George develops lung cancer and sues his company, Lennie L.L.C., for hazardo
IRINA_888 [86]
I believe the answer is: Civil court

Civil court is the place where the justice department handle all cases that does not involve the infringement of the criminal laws.
The cases that come into this court would revolve around conflict between two legal citizens or organizations, such as conflict between employees and their workers, conflict between divorced couples, conflict between rent owners and tenants, etc.
5 0
3 years ago
Read 2 more answers
In the case avery v. midland county, the u.s. supreme court held that
Anna007 [38]
The population helped by the United States Supreme Court during the case of Avery v. Midland county. It was said in the case that "<span> local government districts had to be roughly equal in population." Furthermore, it implemented the "one person, one vote" policy in each country included.</span>
6 0
3 years ago
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