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4 years ago

The process of making raw materials into a finished product is known as _____.

Business

2 answers:

Svetradugi [14.3K]4 years ago

8 0

Answer:

c. manufacturing

Explanation:

worty [1.4K]4 years ago

6 0

C , the process of making raw materials into a finished product is known as c , manufacturing

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Michelle invests her money in an account earning simple interest. What can she expect to happen to the balance of her account.

Likurg_2 [28]

She can expect a linear growth (slow but steady) in her investment. Michelle's interest in a simple interest investment is the amount she accrued on deposits with a certain interest rate. It is based on the original sum of money known as the "principal" which she invested. When someone make a payment on a simple interest loan, the payment goes through that month's interest, and the remainder goes toward the principal. Each month's interest is paid in full so it never accrues-- compounding doesn't occur. There is a big difference in the amount of interest payable on a loan if interest is calculated on a compound rather than on a simple basis which is what simple interest entails and this is why simple interest doesn't accrue as much as compounding your interest since the Interest is calculated only on the principal amount.

6 0

3 years ago

Read 2 more answers

rion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at t

Akimi4 [234]

Answer:

1. 2,100 units and $28,350

2. 1,170 units

Cost of ending inventory Cost of goods sold

a. FIFO $16,590 $11,760

b. LIFO $15,300 $13,050

c. Weighted Average $12,093 $12,492

Income Statement for the year ended December 31

FIFO LIFO Weighted Average

Sales ($12,600 + $ 26,460) $39,060 $39,060 $39,060

Cost of Goods Sold ($11,760) ($13,050) ( $12,492)

Gross Profit $27,300 $26,010 $26,568

Less Expenses ($18,200) ($18,200) ($18,200)

Net Income / (Loss) $9,100 $7,810 $8,368

5. No Data

6. LIFO

Explanation:

Periodic Method means that inventory valuation is done after a specific period. In this case valuation is being done at year end.

Calculation of the number and cost of goods available for sale

Units Total Costs

Beginning Inventory 300 $4,200

Add Purchases :

April 11 950 $11,400

June 1 850 $12,750

Available for Sale 2,100 $28,350

Ending Inventory units = Units Available for Sale - Units Sold

= 2,100 units - 300 units - 630 units

= 1,170 units

a. FIFO

FIFO stands for First In First Out.

i. Cost of ending inventory

320 units × $12 = $3,840

850 units × $15 = $12,750

Total = $16,590

ii. Cost of goods sold

300 units × $14 = $4,200

630 units × $12 = $7,560

Total = $11,760

b. LIFO

LIFO stands for Last In Last Out

i. Cost of ending inventory

300 units × $14 = $4,200

650 units × $12 = $7,800

220 units × $15 = $3,300

Total = $15,300

ii. Cost of goods sold

300 units × $12 = $3,600

630 units × $15 = $9,450

Total = $13,050

c. weighted average cost

This method recalculates the unit costs after every purchase. Sales are valued at the latest unit costs calculated.

1st calculation : April 11

Unit Cost = Total Cost ÷ Total Number of Units

= ((950 units × $12) + (300 units × $14)) ÷ (1,250)

= $12.45

Sale = 300 × $12.45

= $3,735

2nd Calculation : June 1

Unit Cost = Total Cost ÷ Total Number of Units

= ((650 units × $12.45) + (850 units × $15)) ÷ (1,500)

= $13.90

Sale = 630 × $13.90

= $8,757

ii. Cost of goods sold

Total Cost of Goods Sold = $3,735 + $8,757

= $12,492

i. Cost of ending inventory

Ending Inventory = 870 × $13.90

= $12,093

6 0

4 years ago

One orange juice future contract is on 15,000poundsof frozen concentrate. Suppose that in September 2016a company sells a March

Marrrta [24]

Answer:

The company's loss on the contract is $750.

Explanation:

a) Data and Calculations:

Future Contract of 15,000 pounds frozen concentrate:

March 2018 orange juice futures price = 120 cents per pounds

December 2016, the futures price = 140 cents

December 2017, the futures price = 110 cents

February 2018, the futures price = 125 cents

Loss on futures contract = (125 - 120) * 15,000 = $750

b) This futures contract for frozen concentrate is a contract between two parties where both parties agree to sell and buy 15,000 pounds of frozen concentrate at a predetermined price of 120 cents per pound in March 2018, although the contract was entered into in September 2016.

5 0

3 years ago

When you seek to define an issue, you should try to frame it in positive terms.

Blizzard [7]

Answer:

you mad or nahhhhhhhhh ahhhhhhhhh bum.

Explanation:

4 0

3 years ago

The company evaluates all projects by applying the IRR Rule. If the appropriate interest rate is 9%, should the company accept t

Yuliya22 [10]

Answer: The project should be accepted.

Explanation:

The Internal Rate of Revenue is used to evaluate projects before they are accepted. It is a rate that equates the Net Present Value of cashflows to zero.

If the IRR is higher than the Required return then the Project will be accepted because it means that NPV will be higher than zero. The reverse is true.

Given the cashflows in the question, the IRR is;

= 18.8% according to Excel.

With the IRR higher than the required return of 8%, the project should be accepted.

4 0

3 years ago