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Nady [450]
3 years ago
12

Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Th

e number of units transferred to finished goods during the year is:
Beginning Work in Process (30% complete, $1,600) 250 units
Ending inventory of Work in Process (70% complete) 450 units
Total units started during the year 3,700 units
a. 3,900 units.
b. 4,190 units.
c. 3,710 units.
d. 3,700 units.
e. 3,500 units.
Business
1 answer:
Archy [21]3 years ago
4 0

Answer:

Total equivalent units= 4,190

Explanation:

Giving the following information:

Beginning Work in Process (30% complete, $1,600) 250 units

Ending inventory of Work in Process (70% complete) 450 units

Total units started during the year 3,700 units

<u>We need to calculate the number of units completed and transferred out.</u>

Beginning work in process= 250*0.7= 175

Units started and completed= 3,700

Ending work in process equivalent units= 450*0.7= 315

Total equivalent units= 4,190

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vivado [14]

Answer:

Stock value today = $1.21

Explanation:

Current Dividend = D{_0} = $1.13

After 5 years that is D{_6} = $0.50

Since expected growth = 0

Therefore

P{_5} = D{_6} / Ke = 0.5/18% = $2.77

Its present value will be \frac{1}{(1 + 0.18){^5}} X 2.77 = $1.21

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5 0
3 years ago
Haskins Products sells 2,000 kayaks per year at a sales price of $470 per unit. Haskins sells in a highly competitive market and
AysviL [449]

Answer:

target fixed​ costs is $ 420000

Explanation:

Given data

sells 2,000

sales price of $470 per unit.

product cost at $720,000

variable costs are $300,000

to find out

target fixed​ costs

solution

we know here product cost and variable cost

so target fixed​ costs is product cost - variable costs

so we put all these value to find out target fixed cost

target fixed​ costs = product cost - variable costs

target fixed​ costs = 720000 - 300000

target fixed​ costs is $ 420000

4 0
3 years ago
An example of a cost is _____.
Vedmedyk [2.9K]
Profits is the answer
5 0
3 years ago
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The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days'
adelina 88 [10]

Answer: 94 DAYS

Explanation: The average time it takes for the business to complete the whole process of making initial cash outflow to produce goods and receiving cash from customers by selling those goods produced is called operating cycle of that business.

formula = number of days of inventory + number of days in accounts receivable

therefore,

operating cycle = 61 days + 33 days = 94 days

5 0
3 years ago
A company issued 5%, 20-year bonds with a face amount of $80 million. The market yield for bonds of similar risk and maturity is
natulia [17]

Answer:

n = 40

i = 3% (semiannual)

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market price:

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PC of coupon payments = $2 x 23.115 (PV annuity factor, 3%, 40 periods) = $46.23 million

market value = $70.75 million

7 0
2 years ago
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