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4 years ago

Which of the following is most likely to be a primary data source:

Business

1 answer:

Minchanka [31]4 years ago

6 0

Answer:

d. A customer survey

Explanation:

Primary data is information gathered by researchers for the first time intended for specific research. It is data obtained directly from the source and relevant for a particular study. Primary data is collected through various means, including direct personal interviews, through enumerators, and questionnaire.

A customer survey is a form of primary data. Surveys give responses directly from customers on the issues that researchers are interested in.

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Marcelino Co.â€™s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory pay

Agata [3.3K]

Answer:

a. Prepare journal entries

Raw Materials $500,000 (debit)

Cash $500,000 (credit)

Factory Labor $363,000 (debit)

Salaries and Wages Accrued $363,000 (credit)

Overheads $175,000 (debit)

indirect materials $50,000 (credit)

Indirect labor $23,000 (credit)

factory rent $32,000 (credit)

factory utilities $19,000 (credit)

factory equipment depreciation $51,000 (credit)

Work in Process $181,500 (debit)

Overheads $181,500 (credit)

b. the total cost, and account classification for each job

Job 306 Job 307 Job 308

Direct materials 135,000 220,000 100,000

Direct labor 85,000 150,000 105,000

Applied overhead 42,500 75,000 52,500

Total Cost 262,500 445,000 257,500

c. Cost of goods manufactured for Marcelino Company

Job 306 $ 262,500

Job 307 $ 445,000

Job 308 $ 257,500

Total $ 965,000

d. the gross profit on the sale of the job(s)

Job 306

Sales $635,000

Less Cost of Goods Sold :

Opening Finished Inventory $0

Add Cost of Manufacture $262,500

Less Closing Finished Inventory $0 ($262,500)

Gross Profit $372,4500

Explanation:

Only Job 306 was sold, thus the gross profit is calculated on the sold job only.

5 0

3 years ago

Our home construction company still buys nails in 15-pound boxes but now we use an average of 3495 boxes a year. Preparing an or

Sindrei [870]

Answer:

Home Construction Company

Their total cost of ordering and carrying the nails is:

= $2,488.55.

Explanation:

a) Data and Calculations:

Cost of ordering and receiving a shipment of nails = $1.45 per order

Annual carrying costs per bag = $0.7

Annual average boxes = 3,495

EOQ = square root of (2 * 3,495 * $1.45)/$0.7

= square root of 120

Number of orders = 29 (3,495/120)

Ordering costs = $42.05 ($1.45 * 29)

Carrying costs = $2,446.50 ($0.7 * 3,495)

Total cost of ordering and carrying the nails = $2,488.55 ($42.05 + $2,446.50)

8 0

3 years ago

Given are the following data: Cost of debt = rD = 6.0%; Cost of equity = rE = 12.1%; Marginal tax rate = 35%; and the firm has 5

svetoff [14.1K]

Answer:

WACC = 8%

Explanation:

WACC is the minimum return that a company should make to on its investment to satisfy the providers of funds (i.e loan providers and equity holders). The rate usually reflect the riskiness of the of the investment and finance structure used.

Calculation

WACC =(MV of Equity÷MV of the Company)Ke +(MV of Debt÷MV of the Company)Kd (1-t).

Where :

MV of the Company ⇒ MV of Equity+MV of Company

Ke ⇒ Cost of Equity

Kd(1-t) ⇒ Cost of Debt after Tax

WACC= (50/100)12.1% + (50/100) 6%(1-0.35)

= 6.05% + 1.95%

Hence, WACC = 8%

Implication of Captital Structure on WACC

Provided the investment was solely financed by equity instrument alone, the the WACC would have remained at 12.1%. However, with the introduction of debt finance, this has resuced our WACC to 8%.

7 0

4 years ago

Jodi just described how best buy's new program required a very different way of defining work. because the hours are no longer i

mrs_skeptik [129]

The requirements for best buy workers to have good time management skills and the ability to work independently should be included in their job descriptions. Including these requirements on job posting descriptions will make potential applicants aware of these requirements before they apply.

5 0

3 years ago

Which of the following statements is TRUE with regard to the use of a plantwide predetermined overhead rate (PPOHR) compared to

Naddika [18.5K]

Answer:

c. DPOHRs are better for estimating costs across departments when the same allocation base is used.

Explanation:

In the case when the predetermined overhead rate of plantwide would be compared with the predetermined overhead rate of the individual department so the predetermined overhead rate of the individual department would be considered better for predicting the cost at the time when similar allocation base should be applied

Therefore the option c is correct

7 0

3 years ago