Answer:
The balance of Work in Process as of April 30 is $3,470.
Explanation:
Work in Process
Apr. 1 Balance 6,600
Apr 30 Direct materials 51,600
Apr 30 Direct labor 190,900
Apr 30 Factory overhead 57,270
Apr. 30 Goods finished = Opening Balance + Direct Material + Direct labor + Factory overheads - Goods Finished during the April
Apr. 30 Goods finished = 6,600 + 51,600 + 190,900 + 57,270 -302,900 = 3,470
Finished Goods
Apr. 1 Balance 16,000
Apr 30 Goods finished 302,900
Answer:
outsourcing is good for getting things made cheaper but it is also coming from another country which some people dont agree with especially with the virus. i think its a good idea because (if you are from the US) we are in a huge amount of debt, and so the cheaper the better.
Explanation:
Answer:
The correct answer would be option C, $984000
Explanation:
Account Receivables on January 1 = $296000
Expected Sales for January= $860000
Cash sale Expectation = 20% of Sales
= 20% of 860000
= 0.2*860000
Expected Cash Sale = 172000
Remaining 80% of Sales would be on account as:
= 80% of 860000
= 0.8 * 860000
= 688000
Out of this 80% sales, 75% are expected to be collected in the month of sale, that is:
= 75% of 688000
= 0.75*688000
= 516000
So the January cash collections would be:
Account Receivables for Jan + Expected Sales on Cash + Cash received from account on the same month of sale:
Total Cash Received in the month of Jan:
= 296000+172000+516000
= $984000
Answer:
$2.20 per stock
Explanation:
Earnings per share (EPS) = (net income - preferred dividends) / weighted average stocks outstanding
- net income = $450,000
- weighted average stocks outstanding = 200,000
- preferred stock dividends = $10,000
earnings per share = ($450,000 - $10,000) / 200,000 = $440,000 / 200,000 = $2.20 per stock
Answer:
In a perpetual inventory system, inventory is initially recorded at the time of sale.
