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pickupchik [31]
3 years ago
5

Sunglasses Unlimited Company manufactures sunglasses. Following is a list of costs the company incurred during May (Click the ic

on to view the items.) Use the list to calculate the total manufacturing overhead costs for the month. Data Table (in $)Glue for frames 250Depreciation on company cars used by sales force 4,000Plant depreciation 7,500Interest Expense 1,500Lenses 52,000 Company president's salary 24,500Plant foreman's salary 3,500 Plant janitor's wages 1,300 Oil for manufacturing equipment 150
Business
1 answer:
USPshnik [31]3 years ago
7 0

Answer:

total manufacturing overhead 8,950

Explanation:

Manufacturing Overhead Cost for the month:

Plant Depreciation 4,000

foreman's salary     3,500

Plant janitor's           1,300

Oil for equipment<u>       150  </u>

Total                        8,950

For the manufacturing overhead we will add the cost associate with the manufacturing of goods.

We will recognize procedure or concepts that related to manufacting to, capitalize through inventory

The president's salary is not part of the manufacturing cost. Neither the car used for sale, they are expense for the period.

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Friendly’s Quick Loans, Inc., offers you $8.25 today but you must repay $10.45 when you get your paycheck in one week (or else).
Ivahew [28]

Answer:

1,386.67%

Explanation:

Loan Amount = $8.25

Repayment Amount = $10.45

Hence,

Interest for a week = Repayment Amount - Loan Amount

                                = $10.45 - $8.25

                                = $2.2

Interest percentage for a week:

= \frac{Interest\ for\ a\ week}{Loan\ Amount}\times100

= \frac{2.2}{8.25}\times100

= 26.66% (approx)

Number of weeks in a year = 52

Therefore,

Effective annual return:

=  Interest percentage for a week ×  Number of weeks in a year

= 26.66% × 52

= 1,386.67%

Hence,  effective annual return Friendly’s earns on this lending business is 1,386.67% .

APR you are paying 1,386.67%.  

3 0
3 years ago
Drewson Health Foods has 16 comma 000 shares of $ 1 par common stock​ outstanding, which were issued at $ 15 per share. Drewson
earnstyle [38]

Answer:

SE 157,000

Explanation:

We do shares outstanding times issued per share to get the total paid-in capital. Then subtract the retained earnigns negative balance to get the Drewson total stockholders equity

16,000 \times 15 = 240,000 \\Retained \: Earnings \: (83,000) \\Stockholders \: Equity \: 157,000

7 0
3 years ago
Judith puts $5000 into an investment account with interest compounded continuously. which approximate annual rate is needed for
Oxana [17]
In the question, continuously should be annually.

Solution:
Applicable formula is;
A = P(1+r)^n

Where;
A = Total amount after 30 years = $9,110
P = Amount invested = $5,000
r = Annual interest rate in decimals
n = Number of years = 30

Substituting;
9110 = 5000(1+r)^30
9110/5000 = (1+r)^30
1.822 = (1+r)^30
Taking natural logs on both sides;
ln (1.822) = 30 ln (1+r)
0.5999 = 30 ln (1+r)
0.5999/30 = ln (1+r)
0.019998 = ln (1+r)
Taking exponents on both sides
e^0.019998 = 1+r
1.0202 = 1+r
r = 1.0202 -1 = 0.0202 =2.02%

Therefore, annual interest rate should be 2.02%.
3 0
2 years ago
Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $888,000 (37,000 units at $24 each)
kvv77 [185]

Answer:

the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

Explanation:

The computation is shown below

Cost of goods sold is

= (117,000 units - 114,000 units) × $24 + 114,000 units × $29

= 3,000 units × $24 + 114,000 units × $29

= $72,000 + $3,306,000

= $3,378,000

And, the ending inventory is

= (37,000 units - 3,000 units) × $24

= $816,000

Hence, the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

7 0
2 years ago
Which would you trade on a stock exchange? <br> A.)shares <br> B.)bonds <br> C.)annuities
BaLLatris [955]
Shares are traded on a stock exchange
8 0
3 years ago
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