Answer:
Production= 25,250 units
Explanation:
Giving the following information:
Sales= 25,000 units
ending inventory= 700 units
beginning inventory= 450 units
To calculate the required production for the period, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 25,000 + 700 - 450
Production= 25,250 units
Answer:
The correct answer is $112,000.
Explanation:
According to the scenario, the given data are as follows:
Home insured = $160,000
Cost to rebuild = $180,000
Personal property coverage = 70%
So, we can calculate the amount of coverage by using following formula:
Amount of coverage = Home insured × Personal property coverage
By putting the value, we get
Amount of coverage = $160,000 × 70%
= $112,000
Answer:
Must be exactly 8,000 people per hour.
Explanation:
Flow rate or throughput is the rate at which customers, goods, or services flow though a business process. It is usually measured as an average number of units that pass through a process per unit time.
In this scenario the people that entered the NASCAR venue were 8,000 people per hour.
So when people are coming out of the NASCAR venue average rate of flow out must be 8,000 people per hour.
The rate of units entering a business process must be equal to rate of units coming out per unit time.
Answer:
the journal entry should be:
Dr Cash X
Cr Dividend revenue X
When a company holds securities as an investment and classifies them as available for sale (AFS), any dividends received will be recorded as revenue.
Dividend revenue is reported in the income statement.
Answer:
Unitary prime cost= $170.24
Explanation:
Giving the following information:
Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.
Direct labor= $880,000.
Manufacturing overhead equaled $495,000
The company manufactured 8,400 television sets during the month.
Unitary prime cost= (direct material + direct labor)/number of units
Unitary prime cost= (550000 + 880000)/8400= $170.24
