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4 years ago

Sanyu Sony started a new business and completed these transactions during December.

Business

1 answer:

timurjin [86]4 years ago

3 0

Answer:

Net income = $4,160

Ending Retained Earnings = $3,210

Total assets = $76,760

Total liabilities and equity = $76,760

Cash balance = $59,180

Explanation:

see the attached file below

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A company has already incurred $5,000 of costs in producing 6,400 units of product xy. product xy can be sold as is for $33 per

timurjin [86]

The company should sell product xy as it is and should not process it further.

Given:
Original Incurred cost of $5,000
No. of units is 6,400
Price per unit is $33

Processed product
No. of units is 6,400
Costs for further processing is $8/unit
New price per unit is $39

First, know the total costs
Original: $5,000
Processed: 6,400 x $8 = $51,200

Next, find the sales revenue for the original and processed product
Original: $33 x 6,400 = $211,200
Processed: $39 x 6,400 = $249,600

Then, get the net profit for the original and processed product
Original: $211,200 - $5,000 = $206,200
Processed: $249,600 - $51,200 = $198,400

With the data provided, you can find out that the net profit is higher on the original/unprocessed product compared to the processed product even if the selling price and revenue is much higher.

8 0

3 years ago

Kelley Company reports $1,500,000 of net income and declares $210,000 of cash dividends on its preferred stock for the year 2013

jeka57 [31]

Answer:

a. $1,290,000

b. $3.80

Explanation:

a. The computation of the net income is shown below:

= Net income - preference dividend

= $1,500,000 - $210,000

= $1,290,000

b. The earning per share is shown below:

= (Net income) ÷ (weighted-average shares of common stock)

= ($1,290,000) ÷ (340,000 shares)

= $3.80

Simply we apply the net income formula after considering the preference dividend and then earning per share is computed

5 0

3 years ago

Sara conducted a study in her sixth grade classroom. The study focused on students' interests in science classes. Sara shared wh

AnnyKZ [126]

Answer:

Explanation:

When we do research, it is important to keep confidentiality regarding the personal data from the persons we interview. In other words, we are not supposed to tell other people "who said what" or to publish our results with the names of the people (if we're publishing a paper).

In this case, Sara conducted a study in her sixth grade classroom about interests in science classes, later she shared what individual students said with the seventh-grade teachers. Therefore, she shared confidential information when she told the teacher what individual students said. Therefore, Sara wasn't sharing this information in accordance with ethical research practices.

7 0

3 years ago

High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead

ArbitrLikvidat [17]

Answer:

a. On average, the number of boards they have on order = 1,056 boards.

b. On average, the number of boards they have =560 boards.

c. Total holding cost per week = $140.

d. Holding cost incurred per board = $ 0.25.

Explanation:

In the question, the details given are:

Service level =96 %

Lead time =3 weeks

Weekly demand =150

Standard deviation=200

This is a case of variable demand and constant lead time

a. Reorder point =Demand during lead time +Safety stock

=Average weekly demand*lead time+z*sqrt(lead time)*standard deviation of weekly demand

=150*3+NORMSINV(0.99)*sqrt(3)*200

=450+1.7507*sqrt(3)*200

=450+606.46=1,056.46

=1,056 (nearest whole number).

On average, the number of boards they have on order = 1,056 boards.

b. For a normal distribution,

z=x-mean/std deviation

z-value for a 96% confidence level = 2.05

2.05=x-150/200

x = 150+2.05*200=560

On average, the number of boards they have =560 boards.

c.Total holding cost per week=Average inventory *holding cost per week=560/2 *0.5=280*0.5 =$140

d.Holding cost incurred per board =Total holding cost /Number of boards =140/560 = $ 0.25.

5 0

3 years ago

By 1990, ____________ began receiving significant numbers of idiosyncratic and novel fonts from outside designers. recognizing t

anastassius [24]

The correct answer is: " Émigré Fonts " .
_________________________________________________________
"By 1990, Émigré Fonts  began receiving significant numbers of idiosyncratic and novel fonts from outside designers. recognizing the originality of many of these submissions, partners Zuzana Licko and Rudy Vanderlans began to license and distribute the designs."
________________________________________________________

3 0

4 years ago