Answer:
the gross profit of XYZ is $294,000
Explanation:
The computation of the gross profit is shown below:
= Revenue - cost of goods sold
= $485,000 - ($38,000 + $186,000 - $33,000)
= $485,000 - $191,000
= $294,000
Hence, the gross profit of XYZ is $294,000
The above formula should be used for the same
Answer: $14.5 million
Explanation:
The following information can be gotten from the question;
Total equipment cost = $4.2 million
Direct cost factor = 1.52
Indirect cos factor = 0.37
The total plant cost will then be calculated as:
= 4.2 × (1 + 1.52) × (1 + 0.37)
= 4.2 × 2.52 × 1.37
= 14.5
Therefore, the total plant cost is $14.5 million
Answer:
d. All of these answer choices are correct.
Explanation:
Intangible assets with an indefinite life are not amortized over the years although they are checked impairment loss that may have occurred during the year.
Intangible assets which have indefinite life provide cash flow for endless years. An example would be goodwill.
<span>Grocery,
inc., and Dave's market enter into a contract for the delivery of
locally grown produce. The parties use a standard grocery, inc. form
that contains some of the terms the parties agree on but not others.
some of the produce spoils before it can be sold. Dave's refuses to pay
for the spoiled goods. Grocery, inc. files a suit against Dave's,
claiming that the buyer assumed the risk of the spoilage of the unsold
produce. The court may allow evidence of this term if it finds that the
parties' contract is not fully integrated.</span>
Answer: Finite loading approach
Explanation: In a finite loading approach, the work centers are scheduled to load up to a predetermined capacity amount. This is a type of approach that is used in manufacturing process that are heavily dependent on a single cost center.
Thus, we can conclude that the right answer for the given case is finite loading approach.
