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Lunna [17]
3 years ago
8

The following amounts were reported by Burke Company before adjusting its immaterial overapplied manufacturing overhead of $8,00

0.
- Raw Materials Inventory $40,000
- Finished Goods Inventory 60,000
- Work in Process Inventory 100,000
- Cost of Goods Sold 730,000
Compute what amount Burke will report as cost of goods sold after it disposes of its overapplied overhead. Cost of goods sold $
Business
1 answer:
Alex_Xolod [135]3 years ago
3 0

Answer:$722,000

Explanation:

The over applied overhead of $8000 is deducted from cost of goods sold of $730,000.

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Pierce Company issued 11% bonds, dated January 1, with a face amount of $800,000 on January 1, 2021. The bonds sold for $739,816
sdas [7]

Answer:

unrealized gain from change in market value = $10,617

Explanation:

Bonds carrying value = $739,816

amortization of bond discount = ($739,816 x 6%) - ($800,000 x 5.5%) = $389

amortization of bond discount = ($740,205 x 6%) - ($800,000 x 5.5%) = $412

bond's carrying value = $740,205 + $412 = $740,617

unrealized gain = carrying value - market value = $740,617 - $730,000 = $10,617

8 0
2 years ago
Darlene Company had checks outstanding totaling $5,400 on its June bank reconciliation. In July, Darlene Company issued checks t
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Answer:

b. $18,000

Explanation:

The computation of outstanding checks is shown below:-

Outstanding checks as of the end of July = Start with outstanding checks as of June + Amount of checks issued in July - Amount of checks that cleared in July

= $5,400 + $38,900 - $26,300

= $44,300 - $26,300

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Note, The $300 check was issued by a customer, not Darlene.

So, for computing the outstanding checks as of the end of July we simply applied the above formula.

4 0
3 years ago
From a strategic marketing viewpoint, a total product offer includes all of the tangible attributes of a good or service, and ex
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Answer:

B. False

Explanation:

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From strategic marketing viewpoint, the customer may evaluate the product on both the tangible and intangible attributes.

An example of this is the iPhone by Apple. On tangible level, the product itself, the packaging and others are tangible attributes that a customer may evaluate. On intangible level, the brand name, perceived benefits, convenience, purchase services, and many other factors are part of the iPhone as the intangible attributes that the customer will evaluate.

As a marketer, one should think and talk in the language of customers- let it be from either tangible or intangible point of view.    

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Market research and analysis. Statistical trend Theory. Product review and development.
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Answer:

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Explanation:

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