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morpeh [17]
3 years ago
5

Which of the following types of production would most likely use job-order costing? A. Construction of custom homes B. Farming C

. Manufacturing of heavy-duty machinery D. Electrical power generation E. Both A and C.
Business
1 answer:
nignag [31]3 years ago
5 0

Answer:

A and C

Explanation:

Construction of custom homes and

Manufacturing of heavy-duty machinery would most likely make use of job order costing.

Job Order Costing is useful for allocating costs based on a specific job order. It is a system that assigns and accumulates what it costs to manufacture an individual unit of output.

manufacturing businesses that use this system are clothing factories, food companies, air craft manufacturing companies.

service businesses that use the system include movie producers, accounting firms, law firms, hospitals etc.

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When do many companies expect to have a net loss
Korolek [52]
When outflow exceeds income.
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3 years ago
You must estimate the intrinsic value of Lowell Technologies’ stock. The end-of-year free cash flow (FCF1) is expected to be $30
Hunter-Best [27]

Answer:

Firm's estimated intrinsic value per share of common stock = $40.00

Explanation:

Intrinsic value:

Intrinsic value is a way of describing the perceived or true value of an asset.

Formula:

Intrinsic value = free cash flow / required rate - growth rate

As the end-of-year free cash flow (FCF1) = $30  and it is expected to grow at a constant rate of 5.0% a year thereafter.

so FCF2 = 30 (1 + 5%)

FCF2 = 31.5

Value at year 1 = FCF2 / required rate - growth rate

Therefore by putting the values in the above formula, we get

Value at year 1 = 31.5 / 0.08 - 0.05

Value at year 1 = 31.5 / 0.03

Value at year 1 = 1,050

As the company’s WACC is 8.0%, so

Value today = 30 / (1 + 0.08)1 + 1,050 / (1 + 0.08)1

Value today = $1,000 million

As stated in the question it has $200 million of long-term debt, and there are 20.0 million shares of common stock outstanding.

Intrinsic value = (1,000 - 200) / 20

Intrinsic value = $40.00

8 0
3 years ago
Pearl Corporation issued 1,700 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. After issuance, the
arlik [135]

Answer:

Solution as seen below

Explanation:

Bond = 1,700 × $1,000 × 98%

= $1,666,000

Allocation :

Issue price $1,751,000

(1,700 × $1,000 × 103%)

Bonds ( $1,666,000 )

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($1,751,000 - $1,666,000)

Bond face value $1,700,000

(1,700 × $1,000)

Allocated FMV ($1,666,000)

Discounts $34,000

($1,700,000 - $1,666,000)

7 0
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gogolik [260]

Answer:

$2,000

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7 0
3 years ago
Pablo, a resident of New Mexico, while driving through Arizona was struck by an SUV driven by Drew, a resident of California. Dr
mart [117]

Answer: See explanation

Explanation:

Based on the information that was provided in the question, Pablo’s case with regards to the scenario given will be regarded as a civil case due to the fact that Drew is being sued.

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6 0
3 years ago
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