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3 years ago

Forest Components makes aircraft parts. The following transactions occurred in July.

Business

1 answer:

rjkz [21]3 years ago

4 0

Answer and Explanation:

Answer and explanation attached

Beginning raw materials = ending raw materials +raw materials for production+issued raw materials- raw materials purchased -raw materials returned from production= $79800

Cost of goods manufactured =ending finished goods+cost of goods sold -beginning finished goods= $553000

Beginning work in progress inventory=

Ending work in progress + cost of goods manufactured + materials returned - manufacturing overhead applied- issued raw materials-direct labour wages =$105490

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True or false? reintermediation in the health care channel would be represented by a company such as zocdoc.

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Possibly it is true....

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3 years ago

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Firms that pursue cost advantage will implement different structures and systems distinguishable from those pursuing differentia

Firdavs [7]

Answer:

d. Low levels of job specialization

Explanation:

Firms that pursue cost advantage have effective & efficient management techniques.

Employee remuneration based upon individual productivity , Frequent performance reporting , High levels of outsourcing : are all important for proper management of firms to achieve cost advantage.

However, proper effective & efficient management cant be achieved without proper division of labour & specialisation of job. So, firms pursuing cost advantage have all features in their systems except 'Low levels of job specialization'

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3 years ago

Bayside Technical Services signed a contract on a sixminusmonth job for a client, starting on March 1. Bayside will collect $ 2

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Answer:

The answer is: B) Debit balance of $10,000

Explanation:

Accounts Receivable account is an asset, and when assets increase, they have to be debited.

Before any adjustment was made, Accounts Receivable had a $6,000 balance. The new contract is worth $24,000 hat shall be divided into 6 months, which means $4,000 per month.

So at the end of the month the $4,000 form the new contract must be added to Accounts Receivable. This has to be done be a debit record of 6,000, so the adjusted balance of the account is 10,000.

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3 years ago

Edmund would like to buy stock. What should he do? A) He should visit the stock market, open an account, and purchase stock B)He

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D) He should choose a broker, open an account, deposit money, and communicate with the broker what stock he wants to buy.

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3 years ago

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The following information ($ in millions) comes from a recent annual report of Amazon, Inc.:

tino4ka555 [31]

Answer:

(a) Amazon's balance in cash at the beginning of the year is $1,085 million

(b) Amazon's total liabilities at the end of the year is $3,914 million

(d) Income before income tax for Amazon is $366 million

Explanation:

(a) Beginning cash balance = Ending cash balance - net increase in cash for the year

= $1,104 million - $19 million

= $1,085 million

(b) Total assets = Total liabilities + Total stockholders' equity

$4,417 million = Total liabilities + $503 million

Total liabilities = ($4,417 - $503) million

= $3,914 million

= $10,722 million - $2,458 million

= $8,264 million

(d) Income before income tax = Gross profit - operating expenses - other expenses

= $2,458 million - $2,062 million - $30 million

= $ 366 million

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3 years ago