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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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John, a product manager, ensures that his team has regular meetings and no team member is absent during the meetings. He also en

Brums [2.3K]

Answer:

Cohesiveness

Explanation:

By getting his team to work together and also attend meetings regularly, John is attempting to increase his team's cohesiveness.

This is because all of the activities that John is getting his team involved in is to ensure they work together and get used to each other, be comfortable around each other and understand each other. When all of these aforementioned are imbibed by the team members, the team would have a close bond which in turn will increase the efficiency and productivity of the team.

I hope this helps.

3 0

2 years ago

What effect do my communication skills have on my ability to pursue, obtain and excel at my job?

Roman55 [17]

Depending on what you work at if you are a hard worker you can excel at many things. If you speak 2 languages that can also help you go up. So does your personality

6 0

3 years ago

A company: purchased 100 units for $20 each on January 31, purchased 100 units for $30 on February 28, and sold 150 units for $4

igomit [66]

Answer:

Ending inventory as at 31 December = $1500

Explanation:

First-In-First-Out is a method of inventory valuation whereby the stock that comes in first, is used first. This is common for inventory consisting of perishables, such as vegetables where if not used/sold soon, it would be wasted.

Jan 31: Purchases = $20 x 100 units = $2000

Remaining inventory:

$20 x 100 units = $2000

Feb 28: Purchases = $30 x 100 units = $3000

Remaining inventory:

$20 x 100 units = $2000

$30 x 100 units = $3000

Sales = 150 units x $45:

$20 x 100 units = $2000

$30 x 50 units = $1500

Remaining inventory

200 - 150 = 50 units x $30 = $1500

Thus,

Cost of Goods Sold = $3500 ($2000 + $1500)

Ending inventory as at 31 December = $1500

3 0

3 years ago

Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below.

Katarina [22]

The stock price is mathematically given as

P=$57.64

<h3>What is the stock price?</h3>

Generally, the equation for is Value after year mathematically given as

$V=\frac{(FCF for year 5*Growth rate)}{(WACC-Growth rate)}\\\\V = \frac{(55.4*1.05)}{(0.09-0.05)}$

V= $1454.25

Hence, the current value is mathematically given as

I=Discounting factor equal to the future cash flows multiplied by their present value

$I=\frac{-22.76}{1.09} + \frac{38.8}{1.09^2}+ \frac{43.4}{1.09^3}+\frac{52.3}{1.09^4}+\frac{55.4}{1.09^5}+\frac{1454.25}{1.09^5}$

I=$1063.508769

current value for ordinary stock

I'=$1037.508769million

In conclusion, the stock price is

P=(1037.508769/18)

P=$57.64