1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mandarinka [93]
3 years ago
15

A lumber mill bought a shipment of logs for $58,000. When cut, the logs produced a million board feet of lumber in the following

grades. Compute the cost to be allocated to Type 1 and Type 2 lumber, respectively, if the value basis is used. (Do not round your intermediate calculations.) Type 1 - 400,000 bd. ft. priced to sell at $0.12 per bd. ft. Type 2 - 400,000 bd. ft. priced to sell at $0.06 per bd. ft. Type 3 - 200,000 bd. ft. priced to sell at $0.04 per bd. ft. Multiple Choice $58,000; $24,000. $34,800; $17,400. $10,944;$5,800. $24,000; $8,000. $16,000; $16,000.

Business
1 answer:
Leokris [45]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
Capital structures vary among firms in the United States and around the world. Relationships, attitudes, tax codes, and accounti
Snowcat [4.5K]

Answers 1:

True: US firms must invest efforts and resources to understand the 'nuances' which exist in other Capital Structures outside of its geographical space.

Accounting-wise, the United States of America still uses the Generally Accepted Accounting Principles while as of 2018 about 120 countries around the world already switched to International Financial Reporting Standards (IFRS).

Answer 2

False: Many of the Drug and Biotech companies in the world are teetering under the burden of debts. Many sources hold that some of them are likely to declare bankruptcy soon.

Answer 3

False: Many utility companies, especially in Africa, have very poor infrastructure which requires very heavy investments to fix. Sometimes, these countries such as Nigeria and Kenya rely on external debts such as those from the World Bank to be able to make any meaningful progress.

Answer 4

False: According to World Bank statistics, the US has about 2 trillion in external debts making it the country in the world with the highest external debt.

 

Answer 5

True: If a CEO is too confident about their company, they'll tend to be very conservative with debt. That is, they'd be averse to taking on debt financing.

Cheers!

4 0
3 years ago
The price elasticity of demand for senior citizens purchasing coffee from McDonald's is −5, while non-senior citizens have a pri
alekssr [168]

Answer:

$0.10 and $0.02. is correct answer

Explanation:

Given:

Elasticity = - 5

Demand = -1.25

Computation:

-e = p / [p-mc]

5 = p / [p-0.02]

5p - 0.1 = p

p = 0.025

for new senior citizen;

1.25 = p / [p-0.02]

p = 0.1

So,

$0.10 and $0.02. is correct answer

8 0
3 years ago
A company provides services to clients during the period that are neither paid for, nor billed to the clients. What must the com
Arte-miy333 [17]

Answer:

c. Accrue revenue by making an adjusting entry at the end of the period

Explanation:

As in the given situation since it is mentioned that the service is earned but not yet billed or collected so here the revenue is accrued so that the revenue could be recorded by recording the adjusting entry and there is an account receivable at the closing of the period.

Therefore according to the given options, the option c is correct and the same is to be considered

3 0
2 years ago
What should investors consider when planning for their retirement?
Annette [7]

Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance, and doing estate planning. Start planning for retirement as soon as you can to take advantage of the power of compounding.

Planning for retirement is making preparations for your future so that you can continue to achieve all of your objectives and desires on your own. Setting your retirement goals, calculating how much money you will require, and making investments to increase your retirement savings are all included in this. Every retirement strategy is different.

Planning for retirement is crucial because it might prevent you from running out of money in later life. Your strategy can assist you in determining the rate of return you require on your assets, the appropriate level of risk, and the maximum amount of income you can safely draw from your portfolio.

Learn more about Planning for retirement here

brainly.com/question/22544798

#SPJ4

5 0
2 years ago
At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubt
olasank [31]

Answer and Explanation:

The journal entries are shown below:

a. Account receivable Dr $864,300

          To Sales revenue  $864,300

(Being the sales revenue is recorded)        

Cash Dr $687,610

        To Account receivable $687,610

(Being the collections is recorded)

2. Allowance for doubtful debts $6,804

        To Account receivable $6,804

(Being the written off amount is recorded)

3.  Account receivable Dr $3,219

        To Allowance for doubtful debts $3,219

(Being the previous written off amount is recorded)

Cash Dr $3,219

     To Account receivable $3,219

(Being the recovery is recorded)

4. Bad debt expense $18,075

        To Allowance for doubtful debts $18,075

(Being the bad debt expense is recorded)

The computation is shown below:

= $24,000 - $9,510 + $6,804 - $3,219

= $18,075

Only these entries are recorded

3 0
3 years ago
Other questions:
  • The ______ operator always follows the cin object, and the ______ operator follows the cout 44 object.
    11·1 answer
  • Robin works for a small firm with only enough money budgeted to use one test to help with hiring decisions. What kind of test wo
    9·1 answer
  • Prepare the following journal entries in proper journal entry form. 1. Billed a customer for a $2,400 job. 2. Received $4,800 to
    9·1 answer
  • A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera
    13·1 answer
  • The four systems of management were provided by-
    14·1 answer
  • Which of the three factors of production do you think is most important to economic success? Why?
    14·1 answer
  • The use of multiple distribution channels that integrate organizations' brick-and-mortar stores with websites, catalogs, and app
    14·1 answer
  • MedTech Corp. stock was $55.25 per share at the end of last year. Since then, it paid a $0.45 per share dividend. The stock pric
    5·1 answer
  • Wixis Cabinets makes custom wooden cabinets for high-end stereo systems from specialty woods. The company uses a job-order costi
    7·1 answer
  • The break-even point is the sales level at which a company?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!