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2 years ago

The following information is available for Trinkle Company for the month of June:

Business

1 answer:

erma4kov [3.2K]2 years ago

6 0

Answer:

$55,527

Explanation:

Calculation to Determine true cash balance as of June 30

Unadjusted balance per the bank statement $56,518

Add: Deposits in transit on June 30 $2,340

Less: Outstanding check ($3,331)

True cash balance as of June 30 $55,527

Therefore true cash balance as of June 30 will be $55,527

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Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recent year using the amoun

Alecsey [184]

Answer:

Instructions are below.

Explanation:

First, we need to calculate the direct material used and the manufacturing overhead:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 22,000 + 74,000 - 34,000

Direct material used= $62,000

Manufacturing overhead:

Insurance on plant $9,500

Depreciation-plant building and equipment 12,600

Repairs and maintenance-plant 3,900

Indirect labor 42,000

Total overhead= $68,000

Now, we can determine the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 41,000 + 62,000 + 88,000 + 68,000 - 27,000

cost of goods manufactured= 232,000

Finally, the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 13,000 + 232,000 - 21,000

COGS= $224,000

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2 years ago

A customer of RoughEdge Sharpeners alleges that RoughEdge's new razor sharpener had a defect that resulted in serious injury to

Readme [11.4K]

Answer:

$5,000,000,000,000,000,000.000

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3 years ago

The Jabba Corporation manufactures the "Snack Buster" which consists of a wooden snack chip bowl with an attached porcelain dip

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Answer:

The fixed overhead cost that can be eliminated if the bowls are purchased from an outside supplier is a relevant cost. The variable selling cost of the snack is also a relevant cost.

The correct answer is A

Explanation:

Relevant costs are costs that relate to future decisions. All variable costs are relevant for decision-making. Eliminated fixed overhead are also relevant for decision-making.

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ART has come out with a new and improved product. As a result, the firm projects an ROE of 27%, and it will maintain a plowback

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Answer:

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Explanation:

Dividend per share=$4

Divided=1-retained profits=1-.2=.8

Cost of equity=15%

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The formula is;

Current Stock price=Dividend/(cost of equity-growth rate)

Current stock price=4(1-.2)/(.15-.27*.2)=$33.33

Share price after 4 year will be=$33.33(1+.27*.2)^4=$41.14

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3 years ago

Individual policies are generally stand-alone policies, but may be written with other types of policies as a(n): a. Endorsement

Romashka-Z-Leto [24]

Answer:

The correct answer is letter "B": Rider.

Explanation:

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7 0

2 years ago