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3 years ago

Which of the following is a duty of a personal finance manager?

Business

2 answers:

fredd [130]3 years ago

8 0

The anwser is trading client’s investments

denis-greek [22]3 years ago

7 0

Answer:

C. trading clients investments is the correct answer.

Explanation:

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Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $206,000 of raw materials on credit

neonofarm [45]

Answer:

$14,000 under applied

Explanation:

Given that

Material production = $203,000

Application rate = 150%

The computation of amount of overhead is shown below:-

Overhead = Material production × Application rate

= $203,000 - ($126,000 × 1.5)

= $203,000 - $189,000

= $14,000 under applied

Therefore, for computing the overhead we simply multiply the material production with application rate percentage.

3 0

3 years ago

Pharoah Industries collected $106,000 from customers in 2019. Of the amount collected, $24,200 was for services performed in 201

vodka [1.7K]

Answer:

A. $33,200

B. $35,000

Explanation:

A. Computation for 2018 cash-basis net income

2018 cash-basis net income = $106,000 - $73,800

2018 cash-basis net income= $33,200

Therefore 2018 cash-basis net income is $33,200

(b) Computation for 2018 accrual-basis net income

2018 accrual-basis net income = ($106,000 - $24,200 + $39,400) - ( $73,800 - $29,100 + $41,500))

2018 accrual-basis net income= $121,200 - $86,200

2018 accrual-basis net income= $35,000

Therefore 2018 accrual-basis net income is $35,000

3 0

3 years ago

Bramble Corp. applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-

ddd [48]

Answer:

$11,000 under applied

Explanation:

To compute the under or over applied overhead, we need to find out the predetermined overhead rate

Predetermined overhead rate = Total estimated manufacturing overhead ÷ Estimated machine hours

= $4,100,000 ÷ 500,000

= $8.2

Then, the overhead applied is;

= Actual machine hours × Predetermined overhead rate

= 495,000 × $8.2

= $4,059,000

Now, the under applied or over applied overhead is

= Actual annual overhead cost - Applied overhead

= $4,070,000 - $4,059,000

= $11,000 under applied

3 0

3 years ago

Relevant information is information you can’t trust

Fantom [35]

Answer:

Relevant information is data that can be applied to solve a problem

Explanation:

4 0

3 years ago

Smart Stream Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and

weqwewe [10]

Answer:

A. $2,400,000

B. $36

C. $49

Explanation:

Base on the scenario been described in the question, we can use the following method to solve the given problem

a. Ascertain the variable costs and the variable cost amount per unit for the production and sale of 10,000 cellular phones:

The total variable cost = $2,400,000

Variable cost per unit =$240

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b. Ascertain the variable cost mark-up percentage for cellular phones:

Compute the desired ROI per unit:

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Compute the Fixed co

An attached image in given for the calculations

4 0

3 years ago