Using time and materials pricing, what is the total price for a job requiring 3 direct labor hours and $57 of materials?

Two products, QI and VH, emerge from a joint process. Product QI has been allocated $21,300 of the total joint costs of $42,000.

nikklg [1K]

Answer:

Processing QI further would lead to a loss of ($5,200)

Explanation:

A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.

Also note that all cost incurred up to the split-off point are irrelevant to the decision to process further .

Financial disadvantage of processing QI further

$

Sales revenue after the split-off point (13× 2,800) 36,400

Sales revenue at the split-off point (11× 2,800) (30,800)

Additional sales revenue 5,600

Further processing cost ( 10,800)

Net advantage from further processing 1,200 (5,200)

Processing QI further would lead to a financial disadvantage of ($5,200)

7 0

3 years ago

Maslowich

This will likely deter people from accumulating wealth in future.

Answer: Option 3.

Explanation:

Taxes are the amount of money that the citizens have to pay to the government. It is obligatory in nature. And in return to these taxes, the government will provide services to the citizens of the country.

But since the citizens have to pay to the government from their own personal income, so it pinches the citizens. An additional tax on the wealth of the citizens will deter the people to save and accumulate the wealth in future and will not motivate them.

3 0

3 years ago

The level of common understanding among team members with regard to the important aspects of the team and its tasks is referred

stich3 [128]

I think it is COHESION

5 0

3 years ago

The cash account for Collegiate Sports Co. on November 1, 20Y9, indicated a balance of $81,145. During November, the total cash

m_a_m_a [10]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Bank Reconciliation Statement

Particular Amount ($)

According to the bank statement cash balance 112,675

Add - 30,November deposits, not recorded by bank 12,200

Less - Charging check bank error ($7,250 - $2,750) -4,500

Less - outstanding checks -$41,840

Total Balance 78,535

According to the company’s record cash balance 66,935

Add - Including $385 interest note collected by bank 7,385

Add - Error in recording check($7,600-$760) 6,840

Less - bank service charge -125

Less - Because of insufficient funds check returned -2,500

Total Balance 78,535

According to the Company’s Record Cash Balance

= Company’s Indicated November Balance + Total Cash Deposits - Written Totaled

= $81,145 + $293,150 - $307,360

= $66,935

Journal Entry

On Nov 30

Cash A/c Dr.$14,225

To Interest receivables A/c $7,000

To Accounts payable A/c $6,840

To Interest revenue A/c $385

(Being receipts of cash is recorded)

On Nov 30

Accounts receivables A/c Dr. $2,500

Miscellaneous expense A/c Dr. $125

To Cash A/c $2,625

(Being cash paid is recorded)

3). According to the analysis, the cash should be reported $78,535 if balance sheet is prepared on 30 November,2019.

5 0

3 years ago

Consider the following case:The Purple Lion Beverage Company expects the following cash flows from its manufacturing plant in Pa

horrorfan [7]

Answer:

c. $1,682,726

Explanation:

The computation of the present value is shown below:

Year Cash flow Discount factor @4% Present value

1 $400,000 0.961538462 $384,615.38

2 $37,500 0.924556213 $34,670.86

3 $480,000 0.888996359 $426,718.25

4 $450,000 0.854804191 $384,661.89

5 $550,000 0.821927107 $452,059.91

Total present value $1,682,726.29

The discount factor is computed below:

= 1 ÷ (1 + rate)^years

4 0

3 years ago