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lord [1]
4 years ago
11

ierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned

Job Number April May June Month Completed 10 $6,100 $6,200 May 11 5,900 5,800 $3,800 June 12 1,400 April 13 5,100 5,600 June 14 6,800 4,600 Not complete Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. (a) What is the balance in Work in Process Inventory at the end of each month
Business
1 answer:
hoa [83]4 years ago
3 0

Answer and Explanation:

The computation of the ending balance of the work in process is shown below:

For April month

= $6,100 + $5,900

= $12,000

For May month

= $5,900 + $5,800 + $5,100 + $6,800

= $23,600

For June month

= $6,800 + $4,600

= $11,400

In this way the ending work in process is to be calculated for each month and the same is to be considered

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While Influx Electronics Inc. incurs $350 to manufacture a laptop, its competitor, Hearthstone Electronics Inc., incurs $300. Ho
nordsb [41]
<h3>From the given scenario, it can be inferred that Hearthstone Electronics and Influx Electronics share differentiation parity. </h3>

Explanation:

A business achieves differentiation of parity when it generates the same perceived value as its rival organization. A cost leader will achieve a competitive advantage as long as its generated economic value is greater than its competitors'.

The parity of differentiation deals with value and not with pricing. Parity to differentiation happens when a business generates the same value as its rival. Price parity means paying the same prices as a rival, with pricing involved.

6 0
3 years ago
Raleigh BBQ has $48,000 in current assets and $39,000 in current liabilities. Decisions related to these accounts are referred t
cestrela7 [59]

Assuming Raleigh BBQ has $48,000 in current assets and $39,000 in current liabilities. This refers to as working capital management.

<h3>What is Working Capital Management?</h3>

Working capital management can be defined as the way in which a company or an organization ensures that both their current asset and current liabilities are put in use effectively and efficiently.

A company who make use of working capital management  as a strategy  will tend to ensure that their liabilities does not exceed their assets so as to maintain the company financial health.

Therefore this refers to as working capital management.

Learn more about working capital management here:brainly.com/question/14736085

7 0
3 years ago
If $240,000 is invested today and returns $432,000 in 10 years, what formula can be used to calculate the interest rate
Vikki [24]

Answer:

r = (FV/PV)^(1/n) – 1

and

Interest is 6.05 %

Explanation:

Interest is calculated as :

r = (FV/PV)^(1/n) – 1

Thus,

The formula that can be used to calculate the interest rate is

r = ($432,000/$240,000)^(1/10) – 1

  = 6.05 %

6 0
3 years ago
If inflation is anticipated to be 6 percent during the next year, while the real rate of interest for a one-year loan is 5 perce
Talja [164]

Answer:

11%

Explanation:

Nominal interest rate = real interest rate + inflation rate

6% + 5% = 11%

Anticipated Inflation rate is the rate at which it is expected that price levels would rise.

Real interest rate is the rate of interest that has been adjusted for the effects of inflation.

I hope my answer helps you

3 0
4 years ago
In a periodic inventory system, cost of goods sold is not recorded as each sale occurs. Group startsTrue or False
ZanzabumX [31]

In a periodic inventory system, the cost of goods sold is not recorded as each sale that occurs is a true statement.

<h3>Periodic Inventory System</h3>
  • A physical count of the inventory is conducted at predetermined intervals as part of the periodic inventory system, a technique of inventory valuation for financial reporting reasons.
  • In order to calculate the cost of goods sold, this accounting method starts with an inventory at the beginning of the period, adds fresh inventory purchases throughout the period, and subtracts ending inventory.
  • A corporation using the periodic inventory system won't be aware of its unit inventory levels or COGS until the physical count process is finished.
  • For a company with a small number of SKUs operating in a sluggish market, this method might be suitable, but for all other companies, the perpetual inventory system is preferred.  

Hence, the given statement is true.

To learn more about Periodic Inventory System refer to:

brainly.com/question/17326443

#SPJ4


6 0
2 years ago
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