Answer:
$459,000
Explanation:
Calculation to determine How much is Newark's cost of goods sold
First step is to calculate the Net sales
Net sales = $640,000 + $1,540,000 - $109,000 - $62,000.
Net sales =$2,009,000
Now let Calculate the cost of goods sold using this formula
Cost of goods sold=Net Sales -Gross profit,
Let plug in the formula
Cost of goods sold=$2,009,000-$1,550,000
Cost of goods sold= $459,000
Therefore the amount of Newark's cost of goods sold is $459,000
The statement can be categorized as "False".
Knowledge entrepreneurship is not the same as 'conventional' financial enterprise in that it doesn't go for the acknowledgment of money related benefit, but concentrates on circumstances with the objective to enhance the production and all through of knowledge, instead of boosting monetary benefit.
Answer:
1. Cash in hand and at bank balance
2. Is there land and buildings available
3. Are there any accumulated debt owed by the church
4. Collections or record of church document.
Explanation:
1. Cash in hand and at bank balance. This an example of a current asset. The first question is how much does the church have as cash and bank balance. The reason is to ascertain whether the fund will be sufficient for the new building project.
2. Land and Buildings availability. This is a fixed asset. The board would enquire whether there is an already existing building or land with which to begin the building project.
3. Debt or loan owed by the church. Loan forms part of liability in a balance sheet. Another question to be asked is whether the church is indebted to a bank or financial institution. This will determine whether or not to continue with the building project.
4. Record of church document. Does the church have any existing document with which to support the new building? This is pertinent as to begin or abandon the plan to build a new church.
Answer:
Consumption ratios for the four drivers in relation to both the cards will be consumption for a particular card/total consumption for both the cards which will be as follows :-
Total consumption for Inspection = 140 + 60
= 200
Total consumption for Setup = 60 + 20
= 80
Total consumption for Machine = 180 + 650
= 830
Total consumption for Number of moves = 230 + 60
= 290
Hence,
Consumption ratios for Inspection hours:
Scented Cards = 
= 0.7
Regular Cards = 
= 0.3
Consumption ratios for Setup hours:
Scented Cards = 
= 0.75
Regular Cards = 
= 0.25
Consumption ratios for Machine hours:
Scented Cards = 
= 0.22
Regular Cards = 
= 0.78
Consumption ratios for Number of moves:
Scented Cards = 
= 0.79
Regular Cards = 
= 0.21
Answer:
212,000 pounds
Explanation:
Calculation to determine what the pounds of material to be purchased in April is
Beginning inventory 210,000
(105,000 x 2)
Add Ending inventory 44,000
(20% of May production needs
( 110,000 x 2 x 20%)
Less Beginning Inventory 42,000
(20% of April)
April pounds of material to be purchased 212,000 pounds
(210,000+44,000-42,000)
Therefore the pounds of material to be purchased in April is 212,000 pounds
