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iVinArrow [24]
3 years ago
15

Foote Company was granted a purchase discount of $200 on merchandise the company had purchased a few days ago. Foote uses the pe

rpetual inventory system. Which of the following reflects the effects of this event on the financial statements? Asset = Liab. + Stk. Equity Rev. - Exp. = Net Inc. Stmt of Cash Flows A. NA (200) 200 200 NA NA 200 OA B. NA (200) 200 200 NA 200 NA C. (200) (200) NA NA NA NA (200) OA D. (200) (200) NA NA NA NA NA
Business
1 answer:
Rina8888 [55]3 years ago
6 0

Answer: D. (200) (200) NA NA NA NA NA

Explanation:

Discount on merchandise decreases the value of Assets (merchandise) and also decreases Liability (Trade Payable) if the merchandise was purchased on credit

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Mickley Company’s plantwide predetermined overhead rate is $18.00 per direct labor-hour and its direct labor wage rate is $12.00
ipn [44]

Answer:

Results are below.

Explanation:

Giving the following information:

Predetermined overhead rate= $18.00 per direct labor-hour

Direct labor wage rate= $12.00 per hour.

Job A-500

Direct materials $220

Direct labor $60

<u>First, we need to calculate the direct labor hours:</u>

Direct labor hours= 60/12= 5

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 18*5

Allocated MOH= $90

<u>Finally, the unit cost:</u>

<u></u>

Total cost= 220 + 60 + 90= $370

Unit cost= 370/60

Unit cost= $6.17

5 0
3 years ago
Tej​ Dhakar's company wants to establish kanbans to feed a newly established work cell. The following data have been provided. N
Hoochie [10]

Answer:

14 kanbans

Explanation:

Note: <em>The full question is attached as picture below</em>

<em />

d = 150 units

lt = 3.00 days

Safety stock = 1.50 days

c = 50 units

Demand during lead time = d * LT

Demand during lead time = 150 * 3

Demand during lead time = 450 units

Safety stock = d * 1.50 days

Safety stock = 150 * 1.50

Safety stock = 225 units

N = Demand during lead time + Safety stock / C

N = 450 units + 225 units / 50 units

N = 675 / 50

N = 13.5

N = 14 kanbans

So therefore, the unit of 14 kanbans are needed.

8 0
3 years ago
The Equinox Fabrication Plant suffered a fire incident in​ August, and most of the records for the year were destroyed. The foll
butalik [34]

The predetermined overhead allocation rate for the​ year is $29.40

The predetermined overhead allocation rate is referred to as the allocation rate that is used in the application of the estimated cost of manufacturing overhead to the job orders or products.

From the complete question, the predetermined overhead allocation rate will be calculated thus:

= Estimated manufacturing overhead / Estimated direct labor hours

= $105840 / 3600

= $29.40

Therefore, the predetermined overhead allocation rate is $29.40.

Read related link on:

brainly.com/question/24848893

3 0
2 years ago
BierCo is a beer company based in Germany. You purchased the stock in 2011 for 100 Euros when the exchange rate was 1.4 EUR/ USD
OLEGan [10]

Answer:

Decimal total dollar denominated return is 0.50

Explanation:

The dollar purchase price of the stock =100/1.4*$1

                                                                 =71.42857143 *$1

                                                                  =$71.42857143

today's dollar selling  price  =120/1.12*$1

                                 =107.1428571 *$1

                                 =$107.1428571

Dollar denominated total return in money terms=$107.1428571 -$71.42857143

          =$35.71428571

However the dollar-denominated return in percentage terms is computed the below formula

dollar denominated return %=(today's price-initial price)/initial price

                                                =($107.1428571 -$71.42857143 )/$71.42857143

                                                 =0.50 which represents 50%

3 0
3 years ago
In 1971, Congress passed a law that banned cigarette advertising on television. After the ban it is most likely that the (i) pro
swat32

After the ban on cigarette advertising, the total costs incurred by cigarette companies increased and the prices of cigarettes also increased.

<h3>What is advertising?</h3>

The process of making people and the society at large aware about a product, which is available to be brought in the market, is known as advertising.

Cigarette advertising was banned in order to curb the negative impacts of smoking addiction of impressionable youth in the society. As a result, the production costs went higher as it impacted the prices of cigarettes.

Hence, option C holds true regarding advertising.

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#SPJ1

3 0
2 years ago
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