The owner of the property, who allow the lien, is relate to as the Lienee and the person who has the advantage of the lien is referred to as the Lienor or Lien holder.
In the United States, the term lien usually pertain to a wide range of encumbrances and would involve other forms of mortgage or charge.
Answer:
a. $230,000
b. $690,000
c. $710,000
Explanation:
The computation is shown below:
a. Cost of direct material used = Beginning balance of raw material + purchase made - ending balance of raw material
= $140,000 + $220,000 - $130,000
= $230,000
b. Total manufacturing cost
Total manufacturing cost = cost of direct materials used + direct labor cost + overhead cost
= $230,000 + $150,000 + $310,000
= $690,000
c. Cost of goods manufactured
Cost of goods manufactured = Beginning balance of Work in process + Manufacturing cost - Ending balance of Work in process
= $90,000 + $690,000 - $70,000
= $710,000
Answer: both internal and external inventories
Explanation: In simple words, supply chain inventories refers to the raw material, finished goods and work in process inventories like factors that together constitutes a supply chain.
Management of supply chain refers tot he process in which the organisation tries to control and maintain the flow of inventories from on stage to the other with the ultimate objective of keeping the supply of finished goods smooth throughout the period.
It starts from procuring the suitable raw materials in right quantity and right time after that it monitors the manufacturing unit so that production is done in appropriate time period and finally makes sure that finished goods will be supplied to the market as per the time period specified by the wholesalers or retailers.
Answer: 6.67%
Explanation:
Return on Investment is calculated by dividing Income from operations by average total assets.
Average Total Assets = (Beginning Value + Closing Value) / 2
= (2,700,000 + 3,300,000 )/2
= 6,000,000/2
= $3,000,000
Return on Investment = Income from operations/ Average Total Assets
Return on Investment = 200,000/3,000,000
Return on Investment = 0.06667
= 6.67%
Answer:
Samantha should use the standard deduction.
Explanation:
Samantha's total itemized deductions include:
- donations to church and other charities $2,150
- medical and dental expenses (exceeding 10%) $1,270
- State income tax $960
- Job related expenses (exceeding 2%) $1,485
- total $5,865
Samantha's standard deduction = $6,350, since it is higher than her itemized deductions, then she should use the standard deduction.
