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san4es73 [151]
3 years ago
14

The following costs were incurred in September: Direct materials $42,900 Direct labor $29,500 Manufacturing overhead $30,500 Sel

ling expenses $21,700 Administrative expenses $35,800
Question: What are conversion costs for September?
Business
1 answer:
Helga [31]3 years ago
8 0

Answer:

$60,000

Explanation:

Given that,

Direct materials = $42,900

Direct labor = $29,500

Manufacturing overhead = $30,500

Selling expenses = $21,700

Administrative expenses = $35,800

Conversion costs:

= Direct labor + Manufacturing overhead

= $29,500 + $30,500

= $60,000

Therefore, the conversion costs for September is $60,000.

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TH Manufacturers expects to generate cash flows of $129,600 for the next two years. At the end of the two years the business wil
arsen [322]

Answer:

Vo  = <u>C1  </u>    +        <u>C2 + V2</u>

        1 + k              (1 + K)2

Vo = <u>$129,600  </u> +   <u>$129,600 + $3,200,000</u>

        1 + 0.14            (1 + 0.14)2

Vo = $113,684.21  + $2,562,019.08

Vo = $2,675,703.29

The correct answer is C

Explanation:  

The current value of the business equals cashflow in year 1 divided by 1 + K plus the aggregate of cashflow and sales value in year 2 divided by 1 + k raised to power 2.

7 0
3 years ago
You want to have $2.7 million when you retire in 37 years. You feel that you can save $600 per month until you retire. What APR
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Answer:

9.87%

Explanation:

Calculation to determine What APR do you have to earn in order to achieve your goal

$2.7 million = $600{[(1 + r)444 − 1] / r}

r = .0082*100

r=.82%

r = .82% × 12

r = 9.87%

Therefore the APR you have to earn in order to achieve your goal is 9.87%

6 0
3 years ago
2.3 The Ledger and Posting
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The net change in the Cash account balance from these three transactions is $30,000

What is the company's net change in cash account balance?

The net change in company's cash balance is the excess of its cash inflows from sources minus its cash outflows from all sources, in other words, the net change in cash balance from the three transactions is the funds raised long-term debt issuance and the amounts paid for equipment and raw materials

net change in cash balance=$200,000-$150,000-$20,000

net change in cash balance=$30,000

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TP2.
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Answer and explanation:

As their name describes, <em>nonprofit entities</em> are organizations whose main plan is not to have revenues out of their operations. They usually provide social services to different sectors of the population and can handle their operations mainly thanks to charity and donations. While making their budgets, these organizations cannot estimate their revenues since they cannot take donations for granted. Instead, they estimate their expenses since they will be incurred for sure.

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3 years ago
Sharon is thinking about opening a bakery. She knows she wants to set her own hours, reduce her stress and make a profit. But sh
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