1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iris [78.8K]
3 years ago
10

​Kentucky, Inc. purchases and sells widgets. The following information summarizes the​company's operating activities for the​yea

r:
Selling and Administrative Expenses

$5,400

Purchases

156,000

Sales Revenue

783,000

Merchandise​ Inventory, January 1

2,500

Merchandise​ Inventory, December 31

38,200

If the company sold 7,100 units of widgets during the​ year, how much is the cost for one​ widget? (Round your answer to the nearest​ cent.)
Business
1 answer:
igomit [66]3 years ago
5 0

Answer:

$16.9 per widget

Explanation:

Given that,

Beginning inventory = $2,500

Purchases  = $156,000

Ending inventory = $38,200

Sales Revenue = $783,000

Selling and Administrative Expenses = $5,400

Total cost of the 7,100 widgets:

= Beginning inventory + Purchases - Ending inventory

= $2,500 + $156,000 - $38,200

= $120,300

Therefore,

Cost of one widget = Total cost of the 7,100 widgets ÷ Number of widgets

                                = $120,300 ÷ 7,100

                                = $16.9 per widget

You might be interested in
Novak Corp. has 7400 shares of 6%, $50 par value, cumulative preferred stock and 148000 shares of $1 par value common stock outs
wlad13 [49]

Answer:

The dividends received by the preferred stockholders in 2020 are $30400.

Explanation:

The cumulative preferred stock is the form of preferred stock that accumulates or accrues dividends in case the company does not pay or partially pay dividends to preferred stock in a particular year. This means that the dividends are accrued and the company will need to pay these dividends first in the future whenever it declares dividends.

The total dividends per year on preferred stock is,

Preferred Stock dividends = 50 * 0.06 * 7400 = $22200 per year

The preferred stock dividend that was accrued at the end of 2019 after the dividend payment of $14000 is,

Accrued dividends - Preferred stock = 22200 - 14000 = $8200

In 2020 the company will need to pay this accrued dividend along with the dividend for 2020 on preferred stock. Thus, in 2020 the preferred stock holders will receive dividends of,

Preferred stock dividend to be paid in 2020 = 8200  +  22200  = $30400

8 0
3 years ago
Assume Maine Line Railway is considering hiring a reservations agency to handle passenger reservations. The agency would charge
inna [77]

Answer:

$214,000

Explanation:

The total reservation cost per month is given by the following expression:

R = \$14,000+\$1*n

Where 'n' is the number of monthly reservations.

If there are 200,000 reservations for passengers taking a trip next month, the reservation cost is:

R = \$14,000+\$1*200,000\\R=\$214,000

Total reservation cost is $214,000.

7 0
3 years ago
Read 2 more answers
Aflak Corporation, an Omani firm, is currently planning goods market in India. Aflak Corporation will most likely discover that_
Diano4ka-milaya [45]

The correct answer is B) traditional.

Aflak Corporation, an Omani firm, is currently planning goods market in India. Aflak Corporation will most likely discover that traditional beliefs and values are more open to change in India.

When a multinational company is planning on initiating operations in another country, it has to be very sensible of the traditional values of that country. The company is getting into a new market and people could have different belief systems, different culture, traditions, and customs, that need to be carefully assessed by the multinational company if they are about to be successful in the new country.

This is the case of India, which has always have very strict traditional values, although younger generations are relaxing those values in recent years.

8 0
3 years ago
When using the interval recording method, regardless of the number of responses, if the behavior occurs in a given segment, the
jekas [21]
The statement above is true. When using interval method, it does not matter the number of responses, if the behavior occur in a given segment then the observer has to record it as a single event. For instance, in an English class of one hour, that is divided into six segments of ten minutes each. It does not matter the number of responses, if the behaviour occurs within the segment of ten minutes, then it has to be recorded as a single event.
6 0
3 years ago
Christian spends a significant amount of his time at work performing tasks such as distributing work among his subordinates and
Margaret [11]

Answer:

Distributing work among his subordinates and arranging their shifts and tasks to be performed is related most closely to controlling and analyzing performance against goals managerial function.

Explanation:

A manager is who is in charge of departments in companies, guiding the people, making decisions planning for better.

The are four functions of management in industries include distributing work among subordinates and arranging their shifts and tasks to be performed, controlling a workflow, analyzing performance against goals and leading to internal goals achievement.

6 0
3 years ago
Other questions:
  • White Company manufactures furniture. Assume the following information: Manufacturing overhead is allocated based on machine hou
    10·1 answer
  • Paul splits an investment of $20000 , a portion earning simple interest at a rate of 3.8 % per year and the rest earning at a ra
    12·1 answer
  • An advertisement reads, "jena chairs are marked down by 20 percent to $110. the first six people to purchase a jena chair on may
    11·1 answer
  • Give two examples of unethical behavior for each of these areas: inspection, process control, process capability. For each, name
    6·1 answer
  • A woman listed her house that had prize roses bushes in the backyard. She told her agent that she would be removing the roses fr
    15·1 answer
  • Paying attention to the trends that might impact your future career is called what?
    9·2 answers
  • A company receives equipment from two factories: 38% from factory A, and all other equipment from factory B. Each factory has a
    9·1 answer
  • What is the incidence of a tax?
    13·1 answer
  • In 2017 Paris Corporation reported net income of $245,250, interest expense of $60,520, and income tax expense of $49,680. Calcu
    7·1 answer
  • If the money supply is $60 billion, the velocity of money is 7, and real GDP is $336 billion, then the price level equals:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!