Answer:
The ending balance in the Work in Process Inventory account $72,500
Explanation:
Direct materials$ 81,500
Direct labor $191,900
Manufacturing overhead $300,000
Manufacturing overhead allocated to production $297,200
Cost of jobs completed and transferred $500,900
Ending Balance of Work in process = Beginning Balance of Work in process +Direct materials + Direct labor Manufacturing overhead -Cost of jobs completed and transferred
Ending Balance of Work in process = $0 + $81,500 + $191,900 + $300,000 - $500,900
Ending Balance of Work in process = $72,500
The correct answer is B. deducting liabilities from assets and dividing the remainder by the number of shares of stock outstanding.
Answer:
Option (a) is correct.
Explanation:
Given that,
Dividend pay in year 7, D7 = $2 per share
Growth rate of dividend, g = 2.2 percent per year
Required return, ke = 16 percent
Present value of the future dividend at year 6:
= D7 ÷ (ke - g)
= $2 ÷ (0.16 - 0.022)
= $14.49
Therefore, the present value of dividend now is as follows;
= Present value of the future dividend at year 6 × (1 + ke)^{-6}
= $14.49 × (1 + 0.16)^{-6}
= $5.95
<u>Answer: </u>Yes, due to the action taken by the government it makes it difficult to perform under the contract.
<u>Explanation:</u>
When the contract was signed by Putnam corporation and the pharmacies it was legal and valid contract. Due to the after effects of the pills sold by the pharmacies Food and Drug Administration has passed new regulations that the drug sold is illegal. The contract should also abide by the regulations passed by government authorities.
So the contract between the pharmacy and Putnam becomes void. The pharmacy chain is out of the contract and need not sell the drugs which are addictive and which has caused few deaths.
Answer a) The letter b is best described as the estimate of the cost for an additional customer visit.
Answer b) The letter y is best described as the observed store cost for a given month.
Answer c) The letter x is best described as observed customer visit for a given month.
Answer d) The estimated cost for 370 customer visits is
Y = a + bx
a =$ 687.65 b = $ 7.59 x = 370 customer visits
Y = $ 687.65 + ($ 7.59 * 370 customer visit) = $ 687.65 + $ 2,808.3 = $ 3,495.95
Answer e) The percent of total variance that can be explained by regression equation is R2 = 0.79754 or 79.754%
