Which of the following are advantages and characteristics of hot working relative to cold working (three correct answers):

Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms,

kotykmax [81]

Answer:

Cost of Goods Manufactured 356,700

Net Profit before Income Tax= 566,350

Explanation:

Waterways Corporation

Cost of Goods Manufactured Schedule

Raw materials Inventory - October 31 41,000

Add Raw Materials Purchases 186,500

Less Raw Materials Inventory - November 30 53,000

Raw Materials Used = 174,500

Direct labor 44,000

Factory Overhead: 145,200

Indirect labor 45,000

Factory Utilities 10,500

Factory Supplies Used 16,300

Depreciation-Factory Equipment 17,500

Property Tax on Factory 5,500

Rent - Factory Equipment 45,000

Repairs - Factory Equipment 5,400

Total Manufacturing Costs 363,700

Add Work in Process Inventory - November 30 44,000

Cost of Goods Available for Manufacture 407,700

Less Work in Process Inventory - October 31 51,000

Cost of Goods Manufactured 356,700

Waterways Corporation

Cost of Goods Sold Schedule

Cost of Goods Manufactured 356,700

Add Finished Goods Inventory - November 30 71,800

Cost of Goods Available for Sale 428,500

Less Finished Goods Inventory - October 31 73,500

Cost Of Goods Sold 355,000

Waterways Corporation

Income Statement for the month of November

Sales 1,425,000

Less Cost of Goods Sold 355,000

Gross Profit 1070,000

Less Operating expenses : 503650

Office Supplies Expenses 71,000

Advertising Expense 52,000

Salaries 335,000

Depreciation-Office Equipment 2,900

Sales Commissions 42,750

Net Profit before Income Tax= 566350

( here the salaries are treated as office salaries not factory salaries)

Waterways Corporation

Balance Sheet for the month of November

Assets

Cash 255,000

Accounts Receivable $290,000

Prepaid Expenses 42,500

3 0

3 years ago

Suppose interest rates increase in the United States. We expect capital _____ to the United States and the U.S. Dollar price of

Ede4ka [16]

Falls shapely - the damand for pounds: Suppose interest rates fall shapely in the United States but are unchanged in Great Britain. Other things equal, under a system of freely floating exchange rates we can expect the damand for pounds in the United states to ncrease rates falls shapely in the United States but are unchanged decrease, the supply of pounds to increase, and the dollar to appreciate relative to the pound.

3 0

3 years ago

Cullumber uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost

aleksley [76]

Answer:

$544,621

Explanation:

Cost :

Merchandize available for sale

= Beginning inventory + Purchases + Freight in

= $379,000 + $1,835,000 + $118,000

= $2,332,000

Retail:

Merchandize available for sale

= Beginning inventory + Purchases + Markup

= $583,000 + $3,080,000 + $61,000

= $3,724,000

Ending inventory at retail

= Retail total - Mark down - Net sales

= $3,724,000 - $97,000 - $2,780,000

= $847,000

Cost to retail ratio

= $2,332,000 ÷ ( $2,780,000 + $847,000)

= $2,332,000 ÷ $3,627,000

= 64.30%

Since ending inventory at retail = $847,000

And

Cost to retail = 64.30%

Therefore,

Ending inventory at cost = $847,000 × 64.30%

Ending inventory at cost = $544,621

4 0

3 years ago

Privatization and nationalization are a. Both risks faced by privately held firms. b. Similar trends. c. Opposing trends.

Alex_Xolod [135]

Answer:

C.

Explanation:

Privatization and nationalization are two words that have opposite meanings, which makes them antonyms. Privatization is the process by which a government-owned business or a publicly-owned business is transferred into private ownership. The idea may be that privatization leads to a more efficient institution. Nationalization is the process by which privately owned business is transferred into government or public ownership. The idea may be that the business is so important to the well-being of the public that it can not be trusted to private individuals, or it may be that the government is over-reaching. Nationalization is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state.Nationalization usually refers to private assets or assets owned by lower levels of government, such as municipalities, being transferred to the state .The opposites of nationalization are privatization and demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone re-nationalization. Industries that are usually subject to nationalization include transport, communications, energy, banking, and natural resources. Therefore privatization and nationalization are opposing trends. C is correct .

6 0

3 years ago

What is the problem with companies pursuing patents specifically to hinder, or prevent, competition?

Alekssandra [29.7K]

Answer:According to the article, when companies earn patents specifically to prevent competition, it hinders the innovation of products that might actually be better. For instance, Bruce Nolop describes how his company had to pay more attention to the "minefield of existing patents than on the expected value that we could bring to customers." Rosabeth Moss Kanter suggests a "use it or lose it" solution to this problem. She thinks that a company that patents an item would be forced to use the patented idea or product or risk losing the patent. This idea would encourage more competition and prevent patent abuse.

Explanation:

3 0

3 years ago