Inventing a new soft drink -what would be the input - the conversion, and the output?
The input would be the taste/flavor of the new soft drink. When inventing something new, you need to figure out something that will give it a distinct difference over competition. After you have established what you want it to taste like, you need to make the receipe and try it to make sure you like it and can replicated it for consumers. Once the drink has been made for test tasting, having people try the drink will establish whether or not they want to purchase the drink. Once the entire drink has been through the processes of test tasting, if there is good feedback it's time to put the product on the the self as the output.
Answer:
Nominal exchange rates adjust for the effects of inflation.
Total assets 44900
Less: Liablities 14,550
Total Owner's equity 30,350
Less: Owner's capital 30,670
Add: Drawings 7,500
Less: Revenues 8,850
Expense 1,670
Assets =Liabilities +Owner's-Drawings+Revenues-Expense capital
44,900 = 14,550 + 30,670- 7,500 + 8,850 - 1,670
2. Jacob states a profit of $7,180
Net Income = Revenues – Expenses
= 8850–1670 = 7180
- Equipment, real estate, raw materials, and inventories are examples of tangible assets. Intangible assets include things like royalties, patents, and other intellectual property.
- The amount earned by an individual or corporation after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.
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Answer:
$96,000
Explanation:
Production 26,000 units
<u>Materials Purchase Budget</u>
Production Materials Required (5×26,000 units) 130,000
Add Budgeted Closing Materials (50,000×20%×5) 50,000
Total Materials 180,000
Less Budgeted Opening Inventory (4,000×5) (20,000)
Budgeted Materials 160,000
Material Cost per pound $0.60
Total Material Cost $96,000
Therefore, the materials purchases budget will be for the month ending April 30 will be $96,000.
Answer:
Conversion costs: d. $384,200
Explanation:
Conversion costs are the costs incurred on activities that convert raw material to finished goods. Conversion costs are calculated by using following formula:
Conversion costs = Direct labor + Factory overhead.
In the case: Direct labor are $196,300; Factory overhead are $187,900
Therefore:
Conversion costs = $196,300 + $187,900 = $384,200
