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iris [78.8K]
4 years ago
13

Vaughn Manufacturing is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Vaughn made

payments to the construction company of $3114000 on 7/1, $6456000 on 9/1, and $5950000 on 12/31. Weighted-average accumulated expenditures were
Business
1 answer:
Crazy boy [7]4 years ago
8 0

Answer:

$3,709,000

Explanation:

7/1 Time weighted amount = $3,114,000 * 6/12 = $1,557,000

9/1 Time weighted amount =  $6,456,000 * 4/12 = $2,152,000

12/31 Time weighted amount = $5,950,000 * 0/12 = $0

Weighted-average accumulated expenditures = 7/1 Time weighted amount + 9/1 Time weighted amount + 12/31 Time weighted amount

Weighted-average accumulated expenditures = $1,557,000 + $2,152,000 + 0

Weighted-average accumulated expenditures = $3,709,000

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Which of the following statements accurately brings out the difference between economies of scale and learning effects?
Andre45 [30]

Answer:

Learning effects occur over time, whereas economies of scale are captured at one point in time when output is increased.

Explanation:

Learning effect is defined as as the process by which education results in increased productivity and in turn higher wages. This process takes time because most specialised skills need to be learnt in a formal institution over time.

Economies of scale is defines as cost reduction that a company experiences when there is an increase in production. Fixed cost realised can be spread over a larger number of produced units. Economies of scale is captured at one point in time when output is increased.

5 0
4 years ago
In its first month of operations, Wildhorse Co. made three purchases of merchandise in the following sequence: (1) 370 units at
Andreas93 [3]

Answer:

The cost of the ending inventory under FIFO is $2,430 and under LIFO is  $1,620

Explanation:

First determine the units sold

Units Sold = Total Purchases - Units in hand

                  = 1,410 units - 270 units

                  = 1,140

Note ; Wildhorse Co. uses a periodic inventory system. This means we calculate the cost at the end of the period.

FIFO

Means First in First Out

Cost of the ending inventory = 270 x $9.00 = $2,430

LIFO

Means Last in First Out

Cost of the ending inventory = 270 x $6.00 = $1,620

Conclusion

The cost of the ending inventory under FIFO is $2,430 and under LIFO is  $1,620

5 0
3 years ago
Gaggle Inc. decides to wrongly infringe on Chirp Chirp's patent and establish a similar "knock-off" product because Chirp Chirp
Eduardwww [97]

Answer:

B. Unethically exploiting their power and size in the marketplace.

Explanation:

Infringing upon a patent in this way breaks the ethical barrier. Gaggle Inc. not on builds the knock-off product but does so because they realize that Chirp Chirp does not have the financial capability to fight them. If both companies were of a similar stature Gaggle Inc. would not have done this as they would be penalized after legal proceedings.

6 0
3 years ago
Oliver Industries is evaluating the manufacturing process for one of their products. Oliver has determined that the process has
Ne4ueva [31]

Answer:

D) has sunk costs of $6,000

Explanation:

Sunk cost is a cost which does not effect the financial decision, as this cost has already been incurred, and now it cannot be revoked.

Here maintenance cost is a regular expense which has to be incurred, and its not the cost which has already been incurred, same applies for operating cost.

Two years ago firm had spent $6,000 upgrading the equipment which was incurred earlier and now that cost cannot be revoked, further it will not lay any impact on any of the decisions made by the financial management.

Further amount to be spend of $5,000 has yet to be incurred and the decision to incur such cost can also be avoided, therefore it is not a sunk cost.

In this scenario D) has sunk sunk cost of $6,000

8 0
3 years ago
roberta’s brokerage account contains 10 stocks. she has held five of those stocks for over two years, and she purchased the othe
tino4ka555 [31]

She should sell one of the stocks that she's held for over two years because long term gains receive preferential tax treatment

For the point of taxation, short term capital gains are treated as ordinary income , where as long term capital gains have preferential tax rates of 0%,15% or 20%, which depends upon the income level. Also effective tax rates on the long term capital gain is lesser than the short term capital gain.

With the top incomes paying about half the taxes on capital income as earned income, this preferential rate is one of the most expensive in the tax law and is regarded as a tax expenditure.

A capital gain is profit from the sale of an asset, like a business, stock, piece of art, or parcel of land.

Learn more about Tax here

brainly.com/question/27693139

#SPJ4

5 0
2 years ago
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