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
77julia77 [94]
3 years ago
6

Finch Company began its operations on March 31 of the current year. Finch Co. has the following projected costs: April May June

Manufacturing costs(1) $156,800 $195,200 $217,600 Insurance expense (2) $1,000 $1,000 $1,000 Depreciation expense $2,000 $2,000 $2,000 Property tax expense(3) $500 $500 $500 (1) 3/4 of the manufacturing costs are paid for in the month they are incurred. 1/4 is paid in the following month. (2) Insurance expense is $1,000 a month, however, the insurance is paid four times yearly in the first month of the quarter, i.e. January, April, July, and October. (3) Property tax is paid once a year in November. The cash payments for Finch Company in the month of June are:
Business
1 answer:
sergeinik [125]3 years ago
3 0

Answer:

The cash payments for Finch Company in the month of June is $185,600.

Explanation:

Cash payment : Cash payment is that payment which is deals only in cash or the payment is only paid in cash.

So,

To compute the cash payment for June month, the following things is need to be considered.

1. Manufacturing cost of April and May

All other cost like - insurance cost, property tax is not need to be considered because it is not related to may month.

So,

= 3÷4 of May month + 1÷4 of April month

= 3÷4 × $195,200 + 1÷4 × $156,800

= $146,400 + $39,200

= $185,600

Hence,  The cash payments for Finch Company in the month of June is $185,600.

You might be interested in
Industrialized former colonial states that dominate the world economic system are?
Verizon [17]
Industrialized former colonial states that dominate the world economic system: Core Countries
5 0
1 year ago
Some of the world's most memorable advertising campaigns have achieved success because they originate from an idea that is so bi
Sphinxa [80]

Answer:

"Legs"

Explanation:

When a campaign is said to have legs it means that it has staying power.

Having legs means a concepts ability to remain flexible and grow while maintaining an entitie's brand and identity.

Such campaigns work in whatever medium you decide to use. For example digital media, radio and television.

It should be a concept that is replicable over the life of the campaign

3 0
4 years ago
Wanda takes $3,000 from her savings account that pays 5 percent interest per year and uses the funds to purchase a computer for
Salsk061 [2.6K]

Answer:

$1,150

Explanation:

Implicit rental rate refers to the cost that a company incurred by spending money as opposed to what that money could earn if it were invested in something else. Therefore since in a year the computer was worth $1000 less and Wanda also lost out on the 5% that the savings account would have generated which would be $150. Then her total cost is that of $1,150

7 0
3 years ago
If the span of management is wide, _______ levels are needed, and the organization is _______. If the span of management is narr
creativ13 [48]

Answer:

If the span of management is wide, <u>Fewer</u> levels are needed, and the organization is <u>Flat</u>. If the span of management is narrow, <u>More</u> levels are needed, and the resulting organization is <u>Tall</u>.

Explanation:

Span of control is the number of personals working under a single Designation.

If their are greater number of employees working under a single designation then the hierarchy chart is wider in length, that's the reason we also say that the organization is flat. Due to these increased number of employees working under single designation, there is lower number of levels in such organization. It is also one of the main reason the employees turnover is very high because there are fewer chances of promotion in flat organizations. The number of candidates for the promotion are higher in the organization.

On the other hand, if their are lower number of employees working under a single designation then the hierarchy chart is taller in length, that's the reason we also say that the organization is flat. Due to these lower number of employees working under single designation, there is higher number of levels required in such organizations. It is also one of the main reason the employees turnover is very low because there are higher chances of promotion in tall organizations. The number of candidates for the promotion are fewer in the organization.

8 0
3 years ago
Liquidity refers to Group of answer choices the ease with which an asset is converted to the medium of exchange. the measurement
Pani-rosa [81]

Answer:

The correct answer is letter "A": the ease with which an asset is converted to the medium of exchange.

Explanation:

The liquidity of an asset reflects the ease with which it can be transformed from investment to cash. Liquid assets are those that can be transformed easily to cash and see little or no difference in the value of the assets when transformed. Illiquid assets are more difficult to convert and can result in a major decrease in value once converted.

6 0
3 years ago
Other questions:
  • Suppose that a monopolistically competitive restaurant is currently serving 240 meals per day (the output where MR = MC). At tha
    14·1 answer
  • According to Fair Employment Laws, it is illegal to discriminate on the basis of _____. a. age b. race c. sex d. all of the abov
    7·2 answers
  • Farm Country and Industry Country are two neighboring countries. Both countries produce only one​ good: good X. Production in bo
    11·1 answer
  • At an activity level of 8,400 units in a month, Braughton Corporation’s total variable maintenance and repair cost is $697,284 a
    13·1 answer
  • Barron Industries has the following information: Sales Revenue $ 645,000 Ending inventory 69,000 Cost of Goods Sold 490,000 Begi
    9·1 answer
  • On December 31, 2017, Jerome Company has an accounts receivable balance of $316,000 before any year-end adjustments.
    5·1 answer
  • On January 1, Hillcrest Co. acquired a 40% interest in Preston, Inc. with the excess of purchase price over book value solely at
    8·1 answer
  • How experiences will help in picking a career?
    12·2 answers
  • Chevron Phillips (CP) has put into place new laboratory equipment for the production of chemicals; the cost is $1,770,000 instal
    11·1 answer
  • One of the widely acknowledged problems with using the consumer price index as a measure of the cost of living is that the CPI a
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!