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Klio2033 [76]
3 years ago
10

Read the following descriptions of several different environments. Based on the information given, sort each environment into th

e correct bin for an environment that would experience predominantly mechanical weathering or predominantly chemical weathering.Drag the appropriate items into their respective bins.
Business
1 answer:
Varvara68 [4.7K]3 years ago
6 0

Answer:

Have been mechanical weathering to prevail.

A chilly, humid atmosphere at high altitude, where freezing and thawing are prevalent.

An uplifting dry cold atmosphere wherein material is eliminated out of an inherent pluton / intrusive igneous rock by erosion.

Weathering of chemicals would prevail.

A warm atmosphere with several brief but intense rain storms. A warm and humid atmosphere with intense rainfall that happens all year round.

A warm and wet atmosphere with annual precipitation above normal and many turbulent seasons annually.

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Fields Cutlery, a manufacturer of gourmet knife sets, produced 20,000 sets and sold 23,000 units during the current year. Beginn
Basile [38]

Answer:

d. $429,000

Explanation:

This can be obtained by preparing an income statement under variable costing. The income statement under variable costing deduct variable costs from the sales revenue to obtain contribution margin firs before deducting fixed costs in order to obtain net income. The income statement under variable costing can therefore be prepared as follows:

                                 Fields Cutlery

                  Income Statement (Variable Costing)

                                For the Year End

<u>Particulars                                                                      $        </u>

Sales (23,000 × $45)                                            1,035,000

Variable cost:

Direct materials ($12 * 23,000)                             (276,000)

Direct labor ($3 * 23,000)                                       (69,000)

Variable Overhead ($2 * 23,000)                           (46,000)

Selling $ admin exp (60% * $115,000)               <u>    (69,000)  </u>

Contribution margin                                                575,000

Fixed cost:

Fixed overhead ($5 * 20,000)                               (100,000)

Selling $ admin exp (40% * $115,000)                 <u>   (46,000)  </u>

Net income                                                            <u>  429,000 </u>

Note:

1. The variable cost is computed using the 23,000 units sold because the variable cost of the opening 3,000 units from the previous year has to be added to the variable cost of the 20,000 units produced this year. This is to obtain the total variable costs for the 23,000 units sold since variable cost varies with units.

2. The Fixed overhead is computed using the 20,000 units produced this year. This is because the total fixed cost does not change as units of production changes. The Fixed overhead of $5 per unit was actually arrived at by dividing $100,000 by 20,000 units. This Fixed overhead was also $100,000 previous year as it remains constant every year.

7 0
4 years ago
As of 2014, approximately _____ of mutual fund assets were invested in bond funds.
ValentinkaMS [17]
Stock funds for the year 2014 registered a figure of 72 billion dollars in retreats last year, while the bonds attracted 190 billion dollars, a commercial group called ICI.Which represents an increase of 22 and 28 percent over the previous year and becomes the focus of attention at the beginning of the year 2015 and reason for discussion work for the rest of the year.
5 0
3 years ago
Read 2 more answers
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $2.00 par, common shares, t
ozzi

Answer:

No journal is needed

Par value  is now $1

Explanation:

There is journal entry for stock split no new funds were received from stockholders and the fact that the equity stockholders capital remain the same after the stock split.

It is a mere book redenomination where the number of outstanding shares in issue is increased while the par value is reduced  proportionally.

In essence a stock split of 2 for 1 means one share is added to existing one and the two shares are now priced at the value of one previously

The par value after stock split=1/2*$2=$1

7 0
3 years ago
The following two errors were made in the physical inventory counts: 1. 2012 ending inventory was overstated by $33,000. 2. 2013
timofeeve [1]

Answer:

2013: $490,000   2012: $561,000

Question:

Errors in inventory count the following information was taken from the record of Spencer Enterprises

                                                                    <u> 2013         </u>           <u>2012         </u>

Beginning Inventory                                    $63,000             $83,000

Cost of goods purchased                          <u> $548,000</u>           <u>$508,000</u>

Cost of goods available for sale                $611,000             $591,000

Ending inventory                                        <u> $93,000 </u>            <u>$63,000</u>

Cost of goods sold                                     <u> $518,000</u>           <u>$528,000</u>

The following two errors were made in the physical inventory counts:

1. 2012 ending inventory was overstated by $33,000

2. 2013 ending inventory was understated by $28,000.

Compute the correct cost of goods sold for both 2012 and 2013.

Explanation:

Computation of cost of goods sold for the year 2016 and 2015

Particulars                                                    <u>2013    </u>       <u>2012          </u>

Beginning inventory                                    $63,000   $83,000

Cost of goods purchased                            <u>$548,000</u>   <u>$508,000</u>

Cost of goods available for sale                    $611,000   $591,000

Ending inventory <em>(corrected)</em>                          <u> $121,000</u>   <u>$30,000</u>

Cost of goods sold <em>(corrected) </em>                       <u>$490,000</u>   <u>$561,000</u>.

<u>note:</u>

<em>In 2013 new ending inventory = $93,000 + $28,000 = $121,000</em>

<em>In 2012 new ending inventory = $63,000 - $33,000 = $30,000</em>

<em>Beginning inventory + Cost of goods purchased = Cost of goods available for sale</em>

<em>Cost of goods available for sale - Ending inventory = Cost of goods sold</em>

3 0
3 years ago
What is the payback period for a project with an initial investment of $180,000 that provides an annual cash inflow of $40,000 f
kotykmax [81]

Answer:

It will take 5.2 years to cover the initial investment.

Explanation:

<u>The payback period is the time required to cover the initial investment.</u>

year 1= 40,000 - 180,000= -140,000

Year 2= 40,000 - 140,000= -100,000

Year 3= 40,000 - 100,000= -60,000

Year 4= 25,000 - 60,000= -35,000

Year 5= 25,000 - 35,000= -10,000

Year 6= 50,000 - 10,000= 40,000

<u>To be more accurate:</u>

(10,000/50,000)= 0.2

It will take 5.2 years to cover for the initial investment.

5 0
3 years ago
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