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OLEGan [10]
3 years ago
13

Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 50,000 ounces from the

Blending Department. During the period, the Filling Department completed 46,000 ounces, including 4,000 ounces of work in process at the beginning of the period. The ending work in process inventory was 8,000 ounces. How many ounces were started and completed during the period?
Business
1 answer:
elena55 [62]3 years ago
5 0

Answer:

The number of ounces started and completed during the period is <u>42,000 ounces</u>.

Explanation:

The number of ounces started and completed during the period can be computed by simply deducting the beginning work in process from the number of ounces completed.

Since we have the following from the question:

Number of ounces completed by Filling = 46,000 ounces

Beginning work in process = 4,000 ounces

Therefore, we have:

Number of ounces started and completed = Number of ounces completed by Filling - Beginning work in process = 46,000 ounces - 4,000 ounces = 42,000 ounces

Therefore, the number of ounces started and completed during the period is <u>42,000 ounces</u>.

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Notes payable due in six months are reported as
alexira [117]

A short-term liability is a payment that is due in 12 months or less. Hence notes payable due in six months is reported as a short-term liability.

<h3>What is a liability?</h3>

In the parlance of Accounting and Finance, a Liability is a financial obligation that the company owes to individuals, or organizations with which it has transactional or legal relationship.

Hence, it is correct to indicate that notes payable due in six months is reported as a short-term liability.

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3 0
2 years ago
When the pizzeria makes 100 pizzas per day, it earns an economic ______ of ______?
Alex17521 [72]
<span>When the pizzeria makes 100 pizzas per day, it earns an economic incentive of 10% of sales from corporate. This is be cause corporate knows general advertising can only do so much. Local franchises need to take up some of the slack, post their own signs, and do some the legwork to get people in the door. If they can get at least 100 pizzas sold per day it's an obvious sign to corporate thay they must be putting in the extra effort. Extra effort means more money for corporate so they provide extra incentive to motivate the masses :)</span>
5 0
3 years ago
Lester's Fried Chick'n purchased its building 11 years ago at a cost of $189,000. The building is currently valued at $209,000.
liberstina [14]

Answer:

$251,000

Explanation:

The computation of the total  book value of the firm's assets is shown below:

= Historical cost of building + cost of other fixed asset - total depreciation charged on the various assets + current liabilities + net working capital

= $189,000 + $56,000 - $49,000 + $36,600 + $18,400

= $251,000

We added the other cost which is computed above and deduct only the total depreciation so that the total book value of the firm's asset has come

4 0
3 years ago
Casey transfers property with a tax basis of $2,000 and a fair market value of $5,000 to a corporation in exchange for stock wit
pochemuha

Answer:

B. $4,700

Explanation:

Calculation for the amount realized by Casey in the exchange

Using this formula

Amount realized in the exchange=Fair market value+ Qualifies deferral transaction+Property transferred Liability-Incurred selling expenses

Let plug in the formula

Amount realized in the exchange=$4,000 +$400 +$600 - $300

Amount realized in the exchange=$4,700

Therefore the amount realized by Casey in the exchange will be $4,700

7 0
3 years ago
Eddie sells furniture and earns 12% commission. This week he sold a couch for $1234, a bedroom suite for $1789, and a chair for
Alborosie

Complete question :

Eddie sells furniture and earns 12% commission. This week he sold a couch for $1234, a bedroom suite for $1789, and a chair for $563. Calculate Eddie's commission.

Answer:

$717.20

Explanation:

Given that :

Percentage commission earned on sale = 12%

Cost of items sold this week:

Couch = $1234

Bedroom suite = $1789

Chair = $563

Total cost of items :

($1234 + $1789 + $563) = $3586

Commission of 20% on sales :

20% of $3586

0.2 * $3586

= $717.20

3 0
3 years ago
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