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malfutka [58]
3 years ago
10

At the beginning of the​ year, Swift,​ Inc.'s Work-in-Process Inventory account had a balance of $ 124 comma 000. During the​ ye

ar, $ 250 comma 000 of direct materials were used in​ production, and $ 74 comma 000 of direct labor costs were incurred. Manufacturing overhead amounted to $ 829 comma 000. The cost of goods manufactured was $ 670 comma 000. What is the balance in the​ Work-in-Process Inventory account on December​ 31?
Business
1 answer:
son4ous [18]3 years ago
6 0

Answer:

Ending WIP= 607,000

Explanation:

Giving the following information:

Inventory account had a balance of $124,000. During the​ year, $250,000 of direct materials were used in​ production, and $74,000 of direct labor costs were incurred. Manufacturing overhead amounted to $829,000. The cost of goods manufactured was $670,000.

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

670,000= 124,000 + 250,000 + 74,000 + 829,000 - Ending WIP

Ending WIP= 607,000

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In 2019, Alliant Corporation acquired Centerpoint Inc. for $352 million, of which $62 million was allocated to goodwill. At the
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Solution:

The reporting unit's book value of $250 million meets the market value of $220 million.

Requirement 1:

Determination of implied fair value of goodwill:

Fair value of Center point, Inc.                                               $220 million

Fair value of Center point’s net assets (excluding goodwill) 200 million

Implied fair value of goodwill                                                 $ 20 million

Measurement of impairment loss:

Book value of goodwill                           $62 million

Implied fair value of goodwill                  20 million

Impairment loss                                       $42 million

Requirement 2: If the operating unit's market valuation of 270 million dollars surpasses 250 million dollars, there is no depreciation risk.

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What are some reasons why the budget deficit and non budgeted spending have been adding more than $500 billion to the national d
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Yani just graduated from college and moved back to his hometown in Connecticut. He is offered a job at the large insurance firm
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Answer:

With Yani's counter-wage offer, the insurance firm will likely reject his counter-offer and, in the extreme, withdraw the employment proposal with the firm.

Explanation:

As indicated in the question, the insurance company is a monopsony.  A monopsony is the single buyer in the marketplace.  This means that there is no other firm that can employ Yani in his Connecticut hometown.  He must look for another job in another environment outside his hometown or condescend to accept the lower than hoped-for salary by the large insurance firm.

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In which type of economy is a business owner most likely to benefit from free<br> enterprise?
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You own a portfolio that has $2,650 invested in Stock A and $4,450 invested in Stock B. If the expected returns on these stocks
barxatty [35]

Answer:

9.88%

Explanation:

Calculation for the expected return on the portfolio

First step is to find Total portfolio vale using this formula

Total portfolio vale=(Stock A portfolio + Stock B portfolio)

Let plug in the formula

Total portfolio vale= (2,650+4,450)

Total portfolio vale= 7,100

Second step is to calculate for the Expected portfolio return of Stock A by dividing Stock A portfolio by the Total portfolio vale then multiply it by the expected returns percentage

Expected portfolio return Stock A = 2,650 / 7,100

Expected portfolio return Stock A = 0.3732 *0.08

Expected portfolio return Stock A =0.02986

The third step is to calculate for the Expected portfolio return of Stock B by dividing Stock B portfolio by the Total portfolio vale then multiply it by the expected returns percentage

Expected portfolio return Stock B=$4,450/$7,100

Expected portfolio return Stock B=0.6268 *0.11 Expected portfolio return Stock B= 0.06895

The last step is add up the expected return on the portfolio for both Stock A and Stock B

Using this formula

Expected return on the portfolio=(Stock A Expected return on the portfolio + Stock B Expected return on the portfolio)

Let plug in the formula

Expected return on the portfolio=0.02986+0.06895

Expected return on the portfolio= 0.0988 *100 Expected return on the portfolio= 9.88%

Therefore the expected return on the portfolio will be 9.88%

6 0
3 years ago
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