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3 years ago

Granger Cards is a manufacturer of greeting cards. Classify its costs by matching the costs to the terms.

Business

1 answer:

OverLord2011 [107]3 years ago

4 0

Answer:

1. Direct Materials: C) Paper

2. Direct Labor: A) Artist's wages

3. Indirect materials: G) Glue for envelopes <em>(this is asuming there isn't a direct association between glue, envelopes and greeting cards - which is the case that one envelope can be used for 1 card or 2+ cards indistinctly- and/or 1 glue can be used for more than 1 envelope)</em>

4. Indirect labor: B) Wages of materials warehouse workers; E) Manufacturing plant manager's salary

5. Other manufacturing overhead: D) Depreciation on manufacturing equipment; F) Property taxes on manufacturing plant

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When responding to questions face-to-face, how should you organize your response?

iragen [17]

Answer:

A. Using the same format you would use if you were responding in writing

Explanation:

here the answer should be A that is

A. Using the same format you would use if you were responding in writing.

What this means is that, the response should be neutral and catered in a way that we would if we're writing the answer in order to allow a better, more neutral understanding of the process, unless otherwise stated.

7 0

3 years ago

The stated purposed of NAFTA is to A. gain membership in the WTO. B. reduce the outsourcing of jobs to foreign countries. C. pha

jekas [21]

Answer:

C. phase out all trade and tariff barriers among Canada, Mexico, and the U.S

Explanation:

The North American Free Trade Agreement (NAFTA)

This agreement creates a bloc of trade for the region, Canada, Mexico and the US.

As state on "C" It result in the elimination or reduction of barriers to trade and investment between the countries.

It will be replaced in the following year by the United States–Mexico–Canada Agreement (USMCA)

But NAFTA will keep working until this new agreement is finished.

4 0

3 years ago

On June 3, Carla Company sold to Chester Company merchandise having a sale price of $3,800 with terms of 4/10, n/60, f.o.b. ship

Svetllana [295]

Answer:

A. June 3

Dr Accounts Receivable—Chester $3,800

Cr Sales Revenue $3,800

June 12

Dr Cash $3,648

Dr Sales Discounts $152

Cr Accounts Receivable—Chester $3,800

B. June 3

Dr Accounts Receivable—Chester $3,648

Cr Sales Revenue $3,648

June 12

Dr Cash $3,648

Cr Accounts Receivable—Chester $3,648

Explanation:

A. Preparation of the journal entries on the Pronghorn Company books to record Sales and receivables are entered at gross selling price.

June 3

Dr Accounts Receivable—Chester $3,800

Cr Sales Revenue $3,800

June 12

Dr Cash $3,648

($3,800-$152)

Dr Sales Discounts ($3,800 X 4%) $152

Cr Accounts Receivable—Chester $3,800

B. Preparation of the journal entries on the Pronghorn Company books to record Sales and receivables are entered at gross selling price Sales and receivables are entered at net of cash discounts.

June 3

Dr Accounts Receivable—Chester $3,648

Cr Sales Revenue ($3,800 X 96%) $3,648

June 12

Dr Cash $3,648

Cr Accounts Receivable—Chester $3,648

8 0

2 years ago

Jada, when she turned 38, made an investment of $25,000 at an interest rate of 7.8% per year, compounded every 3 months. Now tha

dimulka [17.4K]

Answer:

When Jada is 44 years, the investment will be worth $39,741

Explanation:

time will be 44 - 38 = 6

t = 6 years

compounded every 3 month means 4 times a year (12/3 = 4)

n = 4

r = 7.8%

p = $25,000

$FV = P(1 + \frac{r}{n} )^ {nt}\\FV = 25000(1 + \frac{0.078}{4})^{4 * 6}\\FV = 25000(1 + 0.0195)^{24}\\FV = 25000(1.0195)^{24}\\FV = 25000 * 1.589620748\\FV = 39740.518710589\\FV = 39741$

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3 years ago

Southeastern Bell stocks a certain switch connectorat its central warehouse for supplying field service offices. Theyearly deman

Tomtit [17]

Answer:

a. 300 units

b. $3,750

c. $3,750

d. 100 units

Explanation:

a. The computation of the economic order quantity is shown below:

= $\sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

= $\sqrt{\frac{2\times \text{15,000}\times \text{\$75}}{\text{\$25}}}$

= 300 units

b. For annual holding cost, first we have to find out the average inventory would equal to

= Economic order quantity ÷ 2

= 300 units ÷ 2

= 150 units

Now the Carrying cost = average inventory × carrying cost per unit

= 150 units × $25

= $3,750

c. For ordering cost, first we have to compute number of orders would be equal to

= Annual demand ÷ economic order quantity

= $15,000 ÷ 300 units

= 50 orders

Now Ordering cost = Number of orders × ordering cost per order

= 50 orders × $75

= $3,750

d. The computation of the reorder point is shown below:

= (Annual demand ÷ total number of days in a year ) × lead time

= (15,000 units ÷ 300 days) × 2 working days

= 100 units

6 0

3 years ago