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Aliun [14]
3 years ago
10

Assume that the following events occurred at a division of Generic Electric for March of the current year:

Business
1 answer:
Crank3 years ago
6 0

Answer:

$192 million; $153.60 million; $38.40 million

Explanation:

Given that,

Direct material purchased = $80 million

Direct labor costs = $51 million

Manufacturing overhead = $77 million

Percent of the work-in-process completed = 80%

(1) Transfers-In:

= Direct materials + Direct labor costs + Manufacturing overhead

= (80% × $80 million) + $51 million + $77 million

= $64 million + $51 million + $77 million

= $192 million

(2) Transfer-out:

= Transfers-In × percent of the work-in-process completed

= $ 192 million × 80 %

= $ 153.60 million

(3) Ending Balance:

= Transfers-In - Transfer-out

= $192 million - $ 153.60 million

= $38.40

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Nation A has expansive manufacturing capabilities, and, therefore, its economy focuses on selling goods to other countries. Coun
taurus [48]

Answer:

The international monetary fund.

Explanation:

The international monetary fund is made up of 189 countries around the world that foster global monetary cooperation, promote high employment, secure financial stability, facilities international trade, and reduce poverty. It periodically depends on the World Bank for funding.

Countries that are having problems with balance of payment can borrow money from IMF pool of resources.

In this scenario country B is unable to pay for goods bought from country A till it makes export. There is a problem of balance of trade. The IMF can help country B make the payment by borrowing it funds.

8 0
3 years ago
Read 2 more answers
You are given:
Dmitry [639]

Answer:

0.087  = 8.7%

Explanation:

Present value of perpetuity given that payment is done at the end of N-year

= present value * ( 1 + i )^n-1

= 169 * ( 1 + i )^n-1  = 100 / i

∴ ( 1 + i )^n-1 = 100 / 169i  ------- ( 1 )

Given that first payment at the end of N years = 2112.50 hence the present value of 2112.50

= 2112.50( 1 + i )^n-1  = 100 / i  + 100/ i^2 --- ( 2 )

(given that the increment is with a difference of 100 ) and N-1 = number of years

next step : Input equation 1 into equation 2

2112.50 i^2 = 169i [ 100i + 100 ]

19350 i^2 = 16900i

∴ i = 16900 / 19350 = 0.086956 ≈ 0.087

5 0
3 years ago
For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of $244,410, depreciation expense of $61,900,
weqwewe [10]

Answer:

Explanation:

As we know that time interest earned ratio = Income before interest and taxes / interest expense.

Sales                                                                                           = 546000

less: cost of goods sold                                                            =  (<u>244410</u>)

            Gross profit                                                                       301590

Less: <u>expenses</u>

          Depreciation expense                                                      =( <u>61900   </u>)    

         Profit before interest and taxes                                         239690

Less: tax

      (239690 * 23%)                                                                =   (<u>55128</u>)            

                         Profit                                                                   184562

Profit - Retained earning Addition  = Interest

      184562 - 74300 = 110262.

Interest earned ratio = 239690 / 110262 = 2.17 times  

3 0
3 years ago
A country that imports goods produced under conditions of external economies of scale may suffer if A. trade stifles the develop
iren [92.7K]

Answer:

A. trade stifles the development of new industries that could be more efficient than the existing ones.

Explanation:

5 0
3 years ago
You currently drive 250 miles per week in a car that gets 24 miles per gallon of gas. You are considering buying a new​ fuel-eff
olga_2 [115]

Answer:

It is less expensive to keep your old car.

Explanation:

We have been given that you currently drive 250 miles per week in a car that gets 24 miles per gallon of gas.  

1 year equals 52 weeks.

5 years equals 260 weeks.

\text{Number of miles traveled in 5 years}=260\times 250

\text{Number of miles traveled in 5 years}=65,000

The old car gives a mileage of 24 miles per gallon of gas.

\text{Gallons of gas used by old car}=\frac{65,000}{24}

\text{Gallons of gas used by old car}=2708.33

\text{Cost of gas used by old car}=2708.33\times \$3.50

\text{Cost of gas used by old car}=\$9479.155

\text{Insurance premium for old car for 5 years}=\$400\times 5

\text{Insurance premium for old car for 5 years}=\$2,000

\text{Amount spent on repairs for old car}=\$1500\times 5

\text{Amount spent on repairs for old car}=\$7500

\text{Total cost of using old car for 5 years}=\$7500+\$9479.155+\$2,000

\text{Total cost of using old car for 5 years}=\$18979.155

Therefore, the total of using old car for 5 years is $18979.16.

We are told that new car gives a mileage of 53 miles per gallon.

\text{Gallons of gas used by new car}=\frac{65,000}{53}

\text{Gallons of gas used by new car}=1226.415

\text{Cost of gas used by new car}=\$3.50\times 1226.415

\text{Cost of gas used by new car}=\$4292.45

\text{Insurance premium for new car for 5 years}=\$800\times 5

\text{Insurance premium for new car for 5 years}=\$4,000

\text{Total cost of using new car for 5 years}=\$14,000+\$4292.45+\$4000

\text{Total cost of using new car for 5 years}=\$22292.45

Since the cost of using new car for 5 years is greater than cost of using old car for 5 years, therefore, it is less expensive to keep your old car.

7 0
4 years ago
Read 2 more answers
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