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Svet_ta [14]
3 years ago
7

Sunland Company reported the following information for the month of April: Units Work in Process Beginning inventory, April 1 8,

100 Added to production 47,600 Completed and transferred out ? Ending inventory, April 30 4,800 Ending inventory was 100% complete with respect to materials and 69% complete with respect to conversion costs. (a) How many units were transferred out of Work in Process Inventory?
Business
1 answer:
coldgirl [10]3 years ago
7 0

Answer:

50,900 units

Explanation:

a. The computation of the units were transferred out of Work in Process Inventory is shown below:

= Beginning inventory of work in process units  + added to the production units - ending inventory of work in process units

= 8,100 units + 47,600 units - 4,800 units

= 50,900 units

Basically we added the production units and deduct the  ending inventory of work in process units to the Beginning inventory of work in process units so that the transferred out units could come

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Suppose the economy's production function is ???? = ????K 0.3???? 0.7 . If K = 2000, N = 100, and A = 1, then Y = 246. If K and
densk [106]

Answer:

Y=38.8

Y will increase by 38.8

Y=246+38.8

Y=284.8

Explanation:

Y=A. F(K, L)

Y=A. K^0.3, L^0.7

Then

Y=246

A=1

K=2000

N or L=100

Solutions

200=1(2000^0.3, 100^0.7)

Now the question says both k & N are increased by 0.20

Therefore

Y=1(2400^0.3, 120^0.7)

Y=1(10.3 + 28.5)

Y=38.8

4 0
3 years ago
You owe $6,800 on a car loan that has an interest rate of 6.75 percent and monthly payments of $310. You lost your job and your
solmaris [256]

Answer:

<em>It will take 9 months longer to repay this loan</em>

Explanation:

<u>Financial Loan Payments</u>

Let's assume a loan has been received for a present value PV at an interest rate i during n periods. Being R the amount of each payment, then

\displaystyle PV=R\cdot \frac{1-(1+i)^{-n}}{i}

Solving for n we have

\displaystyle n=-\frac{log\left(1-PV.i/R\right )}{log(1+i)}

The first agreement of payment has the following data

PV=6,800

i=6.75/(12\cdot 100)=0.005625

R=310

Computing n

\displaystyle n=-\frac{log\left(1-6,800\cdot 0.005625/310\right )}{log(1+0.005625)}

n=23.5\approx 24\ months

The new agreement changes R to 225, thus

\displaystyle n=-\frac{log\left(1-6,800\cdot 0.005625/225\right )}{log(1+0.005625)}

n=33.2\approx 33\ months

This means that it will take 9 months longer to repay this loan

8 0
3 years ago
The balance in Happ Inc.’s general ledger Cash account was $71,580 at September 30, before reconciliation. The September 30 bala
Dafna1 [17]

Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.  

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The preparation of the  bank reconciliation statement on September 30  is presented in the spreadsheet. Kindly find the attachment below:

7 0
3 years ago
Which of the following statements is correct?
AysviL [449]

Answer:

In state welfare capitalism, the government plays an active role in regulating economic activities in an effort to smooth out the boom-and-bust pattern of the business cycle

Explanation:

Nations that adhere to capitalism on the premise of social welfare are characterized by state regulation aimed at protecting the population and ensuring a healthy standard of living. This is especially relevant because it protects citizens from economic instability. Typically, countries where social welfare works, many jobs are public, and the state has several social programs. Examples are Sweden, Norway and Denmark.

7 0
3 years ago
Carissa Communications reported the figures from its adjusted trial balance and from its multi-step income statement for its fir
marishachu [46]

Answer:

1. Carissa Communications' Statement of Retained Earnings for the year ended July 31, 2018:

Retained Earnings, July 31, 2017         $0

Net Income (Loss)                           6,845

Retained Earnings, July 31, 2018 $6,845

2. Carissa Communications' Classified Balance Sheet as of July 31, 2018:

Assets:

Current Assets:

Cash                                $ 3,500

Accounts Receivable         3,000

Merchandise Inventory      1,300

Total Current Assets       $7,800      $7,800

Long-term Assets:

Equipment, net                12,500    $12,500

Total Assets                                    $20,300

Liabilities + Equity:

Current Liabilities:

Accounts Payable             1,900  

Accrued Liabilities            5,855

Total Current Liabilities  $7,755      $7,755

Long-term Liabilities:

Notes Payable, long-term                  3,400

Total Liabilities                                  $11,155

Stockholders' Equity:

Common Stock                  2,300

Retained Earnings             6,845

Total Stockholders' Equity 9,145     $9,145

Total Liabilities +  Equity  $20,300

Explanation:

a) Data and Calculations:

1. Adjusted Trial Balance for its first year of business, which ended on July 31, 2018

Cash                                $ 3,500

Cost of Goods Sold       $ 18,400

Selling expenses                1,700  

Equipment, net                12,500

Accounts Payable                               1,900  

Accrued Liabilities                              5,855

Common Stock                                   2,300

Net Sales Revenue                          30,000

Notes Payable, long-term                  3,400

Accounts Receivable         3,000

Merchandise Inventory      1,300

Interest Expense                    55

Administrative Expense    3,000

Total                               $43,455   $43,455

2. Carissa Communications Income Statement Year Ended July 31, 2018  

Net Sales Revenue        $30,000

Cost of Goods Sold           18,400  

Gross Profit                        11,600

Operating Expenses  

Selling Expenses                 1,700  

Administrative Expenses   3,000

Total Operating Expenses 4,700  

Operating Income              6,900

Interest Expense                    (55)

Net Income (Loss)            $6,845

6 0
3 years ago
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