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kenny6666 [7]
2 years ago
11

You are the manager of the packaging department in a cookie factory. (Obviously, the packaging employees cannot eat the cookies

that are transferred in during the period.) After your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. Each unit of product is represented by a carton of packaged cookies. The packaging department began the period with 1,000 units of cookies. During the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. The number of units of cookies in the ending inventory of the packaging department equals:
Business
1 answer:
Alex17521 [72]2 years ago
7 0

Explanation:

Cookies are transferred to the colorful packaging to be displayed on the shelves of the stores. These packaged cookies are transferred in the carton to be delivered at the stores.

Now the data given in this question is as follows:

Staring Units of cookies in the packaging department = 1000 units

New units of cookies transferred in from the baking department to the packaging department = 5000 units.

Now total units that packaging department have = 1000 + 5000 = 6000 units of cookies.

Total unit of cookies transferred out to the finished goods department = 5500 units of cookies.

So the number of units of cookies in the ending inventory of the packing department will be the total units in the packaging department less the total units transferred out to the finished goods department, i-e

6000 - 5500 = 500 units of cookies remaining in the packaging department.

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ProCart manufactures shopping carts which it sells directly to supermarkets at a unit price of $36. Salesmen complain that they
Anna71 [15]

Answer:

salesman sell before contributes anything to manufacturing overhead and profit =  1852 units

Explanation:

given data

Sale price = $36

variable cost = 40%

budgeted auto and travel expenses = $12,000

salary = $28,000

to find out

how many units will the salesman sell before contributes anything to manufacturing overhead and profit

solution

we get here makes variable cost that is

makes variable cost = 40% of $36

makes variable cost = $14.40

so contribution margin per unit will be

contribution margin = 36 - 14.4

contribution margin = $ 21.60

and Fixed cost will be as

Fixed cost = salary +  budgeted auto and travel expenses

Fixed cost = 28000 + 12000

Fixed cost = $40000

and now  salesman sell before contributes anything to manufacturing overhead and profit will be as

salesman sell before contributes anything to manufacturing overhead and profit  = Fixed cost ÷ Contribution margin per unit    .......................1

salesman sell before contributes anything to manufacturing overhead and profit = \frac{40000}{21.6}

salesman sell before contributes anything to manufacturing overhead and profit =  1852 units

5 0
3 years ago
Bluestone Company had three intangible assets at the end of the current year:
ra1l [238]

Answer:

Bluestone Company

a. The acquisition cost of each intangible asset:

a. Patent $3,600

b. Trademark $8,000

c. Licensing Rights $90,000

b. The amortization of each intangible asset for the current year ended December 31:

a. Patent $3,600/12 = $300

b. Trademark $8,000 indefinite life $0

c. Licensing Rights $90,000/6 = $15,000

c. Balance Sheet as of December 31, of the current year:

Intangible Asset:

a. Patent                     $3,600

b. Trademark               8,000

c. Licensing Rights   90,000

Total Intangible      $101,600

less amortization       15,300

Net book value      $86,300

Income Statement for the year ended December 31 of the current year.

Amortization Expenses:

a. Patent                      $300

c. Licensing Rights $15,000

Explanation:

a) Data and Analysis:

a. Patent $3,600 Cash $3,600

b. Trademark $8,000 Cash $8,000

c. Licensing Rights $90,000 Cash $90,000

a. Acquisition cost of each intangible asset:

a. Patent $3,600

b. Trademark $8,000

c. Licensing Rights $90,000

b. Amortization of each intangible asset:

a. Patent $3,600/12 = $300

b. Trademark $8,000 indefinite life $0

c. Licensing Rights $90,000/6 = $15,000

8 0
2 years ago
Financial data for Stirling Inc. for last year are as follows:
Tom [10]

Answer:

profit margin: 6.04%

Assets turnover: 2.08

ROI 25.89%

Residual Income 137,330

Explanation:

<u><em>profit margin:</em></u>

income/sales = 326,480/5,404,000 = 0.060414507 = 6.0414507%

<u><em>Assets turnover:</em></u>

\frac{net \: sales}{average \: assets} \\\\where:\\average \: assets = \frac{ending + beginning}{2}

(2,561,000 + 2,629,000)/2 = 2,595,000 average assets

5,404,000/2,595,000 = 2.082466281 Assets TO

<u><em>ROI</em></u>

\frac{net \: income}{average \: equity} \\\\where:\\average \: equity= \frac{ending + beginning}{2}

(1,206,000+1,316,000)/2 = 1,261,000 average equity

326,480/1,261,000 = 25.890563%

<u>Residual Income:</u>

current income - income at desired RoR

That means calculate which income generates a ROI of 15% which is the minimum required return:

ROI = income / equity = 0.15

X/1,261,000 = 0.15

X=1,261,000 x 0.15 = 189,150

Now we calculate the diference between this number and the current income.

326,480 - 189,150 = 137,330 Residual Income

8 0
3 years ago
Which one of the following statements concerning net working capital is correct?
Luda [366]

Answer:

D

Explanation:

Net working assets is current assets less current liabilities

Current assets include cash, cash equivalents and inventory

Examples of current liabilities include accounts payables, short-term debt, accrued expenses, and dividends payable

When inventory is purchased with cash, inventory increases and cash reduces, thus there is no change in net working capital

Net working capital can be negative or positive.

If current assets is greater than current liabilities, it would be positive, if this is not the case, it would be negative.

7 0
2 years ago
These are formed to help develop academic knowledge, technical skills,
Stolb23 [73]

CTSOs (career and technical student organizations) are formed to help develop academic knowledge, technical skills, employability, and leadership skills.

<h3>What are career and technical student organizations?</h3>

This is the term that is used to refer to the vocational organizations that are in existent in the American society that are useful for the students that are in the high school, the university and and other technological career centers.

The goals of the CTSOs is that they would be able to serve the students that are registered in the services so that they are taught certain competencies that they would require as they advance into the careers that they have chosen in the society.

Hence we can say that CTSOs (career and technical student organizations) are formed to help develop academic knowledge, technical skills, employability, and leadership skills.

Read more on CTSOs  here: brainly.com/question/10917703

#SPJ1

8 0
1 year ago
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