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yan [13]
3 years ago
6

The Plastic Flowerpots Company has two manufacturing departments, molding and packaging. At the beginning of the month, the mold

ing department has 2,100 units in inventory, 70% complete as to materials. During the month, the molding department started 18,500 units. At the end of the month, the molding department had 3,150 units in ending inventory, 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the molding department for the month follows: Beginning work in process inventory (direct materials) $ 1,300 Direct materials added during the month 28,900 Using the weighted-average method, compute the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (Round "cost per equivalent unit of production" to 2 decimal places.)

Business
1 answer:
Daniel [21]3 years ago
8 0
<h2><u>Answer:</u></h2>

(see the picture attached)


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The accounting records for the Fox Hollow Company show that its cost of goods sold for the year was $300,000. In addition, it ha
timurjin [86]

Answer:

Cash paid will be equal to $311000

Explanation:

We have given cost of goods sold = $300000

Increase in inventory = $5000

Decrease in account payable = $6000

We have to find the amount of cash paid to the suppliers.

Amount of cash paid to the suppliers will be equal to

Cash paid = amount of goods sold + increase in inventory + decrease in account payable.

= $300000+$5000+$6000 = $311000

So cash paid will be equal to $311000

7 0
3 years ago
Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. The restaurant is listed for sale at $1,090,000. Wi
patriot [66]

Answer:

$1,048,269.38

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

Cash flow in year 0 = $1-,090,000

Cash flow in year 1 = 89,000

Cash flow in year 2 = 89,000

Cash flow in year 3 = 89,000

Cash flow in year 4 = 89,000

Cash flow in year 5 = 89,000

Cash flow in year 6 = 89,000

Cash flow in year 7 = 99,000

Cash flow in year 8 = 109,000

Cash flow in year 9 = 119,000

Cash flow in year 10 = 129,000 + $1,190,000

I = 10 %

NPV = $1,048,269.38

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

5 0
3 years ago
The accounts payable account is listed in the chart of accounts as an asset.<br> True<br> False
mafiozo [28]

Answer:

False

Explanation:

Payables are payment the business is expected to make. Money comes from the company and goes to third parties. Payables represent goods and services obtained from suppliers, but payments have not been made. They are debts that the business owes others.

Because payables are money that the business owes others, they are listed as liabilities. Liabilities are the debts that a business acquires as it engages in its regular activities. Assets are the items of value that a business own. Payables are not assets as they are financial obligations the company is expected to meet.

6 0
4 years ago
Even though he is not a manager, Mr. Brate is the one to see in the company when there is something you need. He will get it qui
SCORPION-xisa [38]

Answer:

Informal organization

Explanation:

The informal organization is the interlocking social structure that governs how people work together in practice. It is the aggregate of norms, personal and professional connections through which work gets done and relationships are built among people who share a common organizational affiliation or cluster of affiliations. It consists of a dynamic set of personal relationships, social networks, communities of common interest, and emotional sources of motivation. The informal organization evolves, and the complex social dynamics of its members also.

3 0
3 years ago
Company A is a medical research company that develops and tests new drugs. Company B is in the news industry and publishes multi
Shkiper50 [21]

Answer:

no; an unsystematic

Explanation:

Company A is in medical research industry while company B is in media(news) industry. These are two different industries ;meaning, a change in one will have no correlation to the other. Increase in the new product discoveries by company A would have no effect on company B's stock price. This is because the discovery would be considered a unsystematic risk to company B; basically, industry specific risk

4 0
4 years ago
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