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3 years ago

Buying power of dollar through the years

1 answer:

5 0

Purchasing Power of Money in the United States ... Why not current year? ... Power Calculator compares the relative value of a past amount of dollars to a present ... Please let us know if and how this discussion has assisted you in using our ...

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Because of his business's recent success, Sam has decided to expand his Sam's Swimming Pool Cleaning to include another branch.

siniylev [52]

B. Since the new branch is adding expenses, Sam's net profit margin will go down.

4 0

3 years ago

Read 2 more answers

Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou

777dan777 [17]

Answer:

Selling price= $10,632

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (307,200/48,000) + 2.8

Predetermined manufacturing overhead rate= $9.2 per direct labor hour

Job X941:

Total direct labor-hours 300

Direct materials $ 600

Direct labor cost $ 5,500

Now, we can determine the total cost of Job X941:

Total cost= 600 + 5,500 + 300*9.2

Total cost= $8,860

Finally, the selling price:

Selling price= 8,860*1.2

Selling price= $10,632

7 0

4 years ago

At December 31, 2018, the following information was available for Deen Company: ending inventory $22,600; beginning inventory $2

ELEN [110]

Answer:

Using COGS

Inventory TurnOver = 19.54

days in inventory = 46.95

Using Sales

Inventory TurnOver = 19.54

days in inventory = 18.68

Explanation:

Inventory TurnOver = COGS or sales / Average Inventory

Were: average inventory = (beginning + ending inventory ) / 2

days in inventory = 365 / Inventory TurnOver

Some accounts work with COGS and some with sales, the latter being more used, but because you have the two option and didn't specifically declare any of the two I will give you answer for both of them, then it will your work to check which one are you using in your course.

Average inventory = (21400+22600 ) /2 = 22,000

Inventory TurnOver (using COGS) = 171,000/22,000 = 7.77

days in inventory (using COGS) = 365/7.77 = 46.97

Inventory TurnOver (using Sales) = 430,000/22,000 = 19.54

days in inventory (using Sales) = 365/19.54 = 18.68

4 0

4 years ago

J.C Coats Inc. carefully develops standards for its coat making operation. Its specifications call for 2 square yards of wool pe

sattari [20]

Answer:

Standard cost= $88 per unit

Explanation:

Giving the following information:

Its specifications call for 2 square yards of wool per coat. The budgeted price of wool is $44 per square yard.

To calculate the standard cost per unit, we need to multiply the total direct material quantity per unit for its unitary cost.

Standard cost= 2sq*$44= $88 per unit

8 0

4 years ago

You bought two acres of land for $200,000 ten years ago. Although it is zoned for commercial use, it currently holds eight small

andre [41]

Answer:

$500,000

Explanation:

in order to calculate the value you should determine the expected return or sales price of the land = price of land x probability of sale

In this case, you have two offers and apparently you haven't decided which to choose, so the expected return = ($400,000 x 50%) + ($600,000 x 50%) = $200,000 + $300,000 = $500,000

5 0

3 years ago