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3 years ago

Famous Furniture Manufacturing Company reported the following information for 2019:

Business

1 answer:

AfilCa [17]3 years ago

6 0

Answer:

$255,500

Explanation:

Prepare a Cost of Goods Manufactured Schedule to determine the cost of goods manufactured.

Cost of Goods Manufactured Schedule

Direct material used $ 75,000

Direct labor $ 93,000

Applied manufacturing overhead $ 70,000

Add Beginning work-in-process inventory $130,000

Less Ending work-in-process inventory ($112,500)

Cost of goods manufactured $255,500

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g The "monetary base" is simply: a. the total of all currency in circulation, outside banks b. the total vault cash held among a

Zanzabum

Answer:

e. the total of currency in circulation, plus depository institution reserves and vault cash

Explanation:

Monetary base is a concept in money supply that measures highly liquid assets in an economy.

It includes all cash that is in circulation in the economy and those deposits that are held as reserves by the central bank from commercial banks. Cash in bank vaults are also included because they are readily available to the economy.

For example if there is $200 million in circulation and there is $13 billion in the central bank as reserves from commercial banks, the total monetary base is $13.2 billion

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3 years ago

lakkis [162]

Answer:

Global marketing standardization

Explanation:

In Global marketing standardization technique companies or firms try to create the equal standards of product and service globally, In general term Companies make the same quality and quantity of their product or service to create a uniqueness and market establishment.

In this situation, Zenith provides the same machine technology and ingredient for there customer. it is a type of Global marketing technique.

4 0

3 years ago

The relationship between quantity supplied and price is _____

Nataliya [291]

Answer:

I believe it is profit

Explanation:

6 0

3 years ago

A current liability is a debt that is reasonably expected to be paid a. out of cash currently on hand b. within one year c. out

ELEN [110]

Answer: within one year

Explanation:

Current liabilities are the liabilities that are incurred by a firm and must be settled within a year.

Typically, the current liabilities are settled by using the current assets. Examples of current liabilities are the accounts payable, noted payable, dividends and the short-term debt.

4 0

3 years ago

Goyo Industries (a sole proprietorship) sold three § 1231 assets during 2019. Data on these property dispositions are as follows

loris [4]

Answer:

Machine #1 - $7,000, gain

Machine #2 - $3,000, loss

Machine #3 - $2,000, gain

Explanation:

Given;

Machine #1

Asset Cost = $85,000

Acquired Depreciation = $32,000

Sales price = $60,000

From the above information, the book value of machine #1

= $85,000 - $32,000

= $53,000

Gain/(loss) on disposal = $60,000 - $53,000

= $7,000

A gain of $7,000 on disposal.

Machine #2

Asset Cost = $30,000

Acquired Depreciation = $12,000

Sales price = $15,000

From the above information, the book value of machine #2

= $30,000 - $12,000

= $18,000

Gain/(loss) on disposal = $15,000 - $18,000

= ($3,000)

A loss of $3,000 on disposal

Machine #3

Asset Cost = $77,000

Acquired Depreciation = $28,000

Sales price = $51,000

From the above information, the book value of machine #1

= $77,000 - $28,000

= $49,000

Gain/(loss) on disposal = $51,000 - $49,000

= $2,000

A gain of $2,000 on disposal.

4 0

3 years ago