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vampirchik [111]
3 years ago
14

Expected direct materials purchases in Metlock Company are $204000 in the first quarter and $264000 in the second quarter. 35 pe

rcent of the purchases are paid in cash as incurred, and the balance is paid in the following quarter. The budgeted cash payments for purchases in the second quarter are: $279000. $207000. $261000. $225000.
Business
1 answer:
Nataliya [291]3 years ago
6 0

Answer:

The budgeted cash payments for the second quarter are $225000

Explanation:

The cash payments in the second quarter will comprise of cash purchases for the second quarter which are 35% of purchases for the second quarter along with 65% of payments due for purchases of the first quarter.

The cash payment budgetedn for the second quarter is,

Cash payment = 0.35 * 264000 + 0.65 * 204000  = $225000

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McCarthy Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each.
san4es73 [151]

Answer:

Closing Inventory value is $3,485.

Explanation:

FIFO is the inventory costing method which assumes that the item purchased earlier will be sold first and the item purchases at last will be sold at last.

According to FIFO the inventory cost of McCarthy Company is as follow:

Date           Description    Price   Unit      Total    Balance

October 1     Opening      $200     8       $1,600   $1,600

October 2    Purchases   $205     20     $4,100   $5,700

October 4    Sales           $200      8       $1,600   $4,100

                    Sales           $205      3        $615     $3,485

Closing Inventory value is $3,485.

5 0
3 years ago
What is the beta for a 2 stock portfolio with a 0.43 weight in Walmart stock and the remainder in Amazon
Contact [7]

Answer: 0.82

Explanation:

From the given formulas, the beta of Walmart is 0.3616 and the beta of Amazon is 1.1634.

The portfolio beta is going to be a weighted average of these two betas:

= (0.43 * 0.3616) + ( (1 - 0.43) * 1.1634)

= 0.155488 + 0.663138

= 0.82

7 0
3 years ago
The Chowning Company manufactures ear buds. The variable cost of each set of ear buds is $0.35. The company incurs monthly fixed
kiruha [24]

If Chowning makes 1,200 sets of ear buds in February, what is the total cost is $10,420.

<h3 /><h3>Total cost</h3>

Using this formula

Total cost = Variable cost + Fixed cost

Where:

Variable cost=(1200×$0.35)=$420

Fixed cost=$10,000

Let plug in the formula

Total cost = (1200×$0.35) +$10,000

Total cost=$420+$10,000

Total cost=$10,420

Inconclusion  If Chowning makes 1,200 sets of ear buds in February, what is the total cost is $10,420.

<h3 />

Learn more about total cost here:brainly.com/question/25109150

3 0
2 years ago
Which of the following should occur when assessing a safety and health program’s effectiveness?
rosijanka [135]
A because you need to put people to practice
4 0
3 years ago
NDP Mp will be equal to:
Ivanshal [37]

Answer:

B) NDPFC + Indirect Taxes

Explanation:

Net domestic product (NDP) is obtained by subtracting depreciation from gross domestic product (GDP), and it can be calculated at market price (NDPmp) or at factor cost (NDPfc):

  • NDPmp = GDPmp – depreciation
  • NDPfc = GDPmp – depreciation – indirect taxes

If we substitute NDPfc into option B, we will get:

NDPmp = NDPfc + indirect taxes

NDPmp = (GDPmp - depreciation - indirect taxes) + indirect taxes

NDPmp = GDPmp - depreciation

6 0
4 years ago
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