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3 years ago

Question # 5

Business

1 answer:

Zinaida [17]3 years ago

6 0

Answer:

Growing the country's economy
Aiding in the creation of capital formation
Managing and mitigating the risks

Explanation:

The Financial system is very important because it helps grow the economy of the country. They do this by creating capital when they transfer funds from those who have it (savers) to those who need it (borrowers). These borrowers will then use it to invest in projects that will grow the economy.

The Financial system also works to manage and mitigate risk because they have experience in such areas and are able to discern which projects to go after to avoid or properly manage risk.

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In July, Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000. Overhead totaled $32,000 f

Rudik [331]

Answer:

$70,200

Explanation:

Given that,

Cost of material purchased = $21,000

Direct labor cost = $18,000

Total overhead = $32,000

Opening and closing balances in the month of July.

Cost of goods sold for July:

= Cost of material purchased + Direct labor cost + Total overhead + (Opening material + opening work in process + opening finished goods - Closing material - Closing work in process - Closing finished goods)

= $21,000 + $18,000 + $32,000 + ($6,200 + $700 + 3,300 - 7,100 - 1,200 - 2,700)

= $70,200

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3 years ago

A country is said to be in ____ when the income its residents earn from exports is equal to the money its residents pay to other

Leviafan [203]

Balance of trade equilibrium

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3 years ago

First Class, Inc., expects to sell 20 comma 000 pool cues for $ 14.00 each. Direct materials costs are $ 2.00, direct manufact

Gnom [1K]

Answer:

COGS= $176,800

Explanation:

Giving the following information:

Direct materials costs are $2.00

Direct manufacturing labor is $6.00

Manufacturing overhead is $0.84 per pool cue.

Direct materials:

Beginning inventory= 26,000

Ending inventory= 26,000

Finished goods inventory

Beginning inventory= 1,700

Ending inventory= 3,500

First, we need to calculate the units produced:

Production= sales + desired ending inventory - beginning inventory

Production= 20,000 + 3,500 - 1,700

Production= 21,800

Now, the cost of goods sold:

COGS= (2 + 6 + 0.84)*20,000= $176,800

5 0

3 years ago

I NEED HELP PLEASE HELP!!!!

kherson [118]

Answer:

park in lot 23

Explanation:

4 0

4 years ago

Our company pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for e

il63 [147K]

Answer:

Job M-47 cost assinged $710

Explanation:

the cost is the sum of the three main component

materials

direct labor

manufacturing overhead (MO)

we will calculate each of this for the Job M-47 add them together to get total cost

Job M-47

material 260

15 labor hours

Direct Labor 15 labour hours x 12 labor rate = 180

MO 15 labour hours x 18 overhead rate = 270

Total Cost materials + labor + manufacturing overhead = 710

5 0

4 years ago