Answer:
The cost of goods manufactured is $860,000
Explanation:
The cost of goods manufactured = The cost of the beginning work in process inventory + direct materials cost + direct labor cost + overhead cost - the ending work in process inventory.
The company has the cost of the beginning work in process inventory is $50,000, direct materials cost is $340,000, direct labor cost is $206,000, an overhead cost is $309,000, and the ending work in process inventory is $45,000
The cost of goods manufactured = $50,000 + $340,000 + $206,000 + $309,000 - $45,000 = $860,000
Answer: Cross-rate can be found by using the given formula ,
So,
Substituting this into the exchange rate for Yen and dollars, we get
Cross-rate in terms of Yen per Pound is 112.41
b. If cross-rate is 
, this means that Yen is quoted high relative to pound. So, the arbitrage profit per dollar will be,
Suppose we take a a loan for $1 and buy £0.6536. Then we use the pounds to purchase
yen at the cross-rate, so we have
£0.6536 (¥115/£1) = ¥75.164
Now, we replay the loan in dollars by exchanging Yen back to dollars. The cost to repay will be:
¥75.164($1/¥73.47) = $1.02305
Your arbitrage profit is $0.02305 per $1 used.
Answer:
The amount of depreciation expense that should be recorded for the second year: $26,160
Explanation:
The units-of-production depreciation method is calculated by using the following formula:
Depreciation Expense = [(Cost of asset − Residual Value)/Life in Number of Units] x Number of Units Produced = Depreciation Expense per unit x Number of Units Produced
In the company,
Depreciation Expense per bolt = ($190,000 - $10,000)/750,000 = $0.24
In the second year, 109,000 bolts were produced,
Depreciation expense for the second year = $0.24 x 109,000 = $26,160
a. Mack does not have to accept the shipment
b. Olive Outlet has accepted and breached the contract
c. Olive Outlet's shipment is considered a counteroffer
d. Mack cannot revoke based on principles of promissory estoppel
Answer:
d. Mack cannot revoke based on principles of promissory estoppel
Explanation:
Promissory estoppel refers to the doctrine in contract law that allows a party's recovery for damages suffered based on the party's reliance on a promise even if there is no legal contract between the aggrieved party and the party that fails on the promise. From the above this stops mack's bar from going back on its promise to buy the goods of Olive outlet even there is no legal contract yet as olive outlet may have already suffered damages.
Answer:
reschedule for next week and I will be there in a few minutes to
