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Tanzania [10]
3 years ago
14

The following costs were incurred in May: Direct materials Direct labor Manufacturing overhead Selling expenses Administrative e

xpenses $33,000 $13,000 $ 23,000 $16,000 $34,000 Prime costs during the month totaled: $36,000 $46,000 оооо $69,000 $119,000
Business
1 answer:
Kaylis [27]3 years ago
6 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Direct materials= 33,000

Direct labor= 13,000

Manufacturing overhead= 23,000

The prime cost is the sum of total direct material and total direct labor. The conversion cost is the sum of direct labor and allocated overhead.

Prime cost= direct material + direct labor

Prime cost= 33,000 + 13,000= $46,000

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Suppose investors can earn a return of 2% per 6 months on a Treasury note with 6 months remaining until maturity. The face value
Katena32 [7]

Answer:

Price of treasury bill = $9,803.92

Explanation:

<em>The price of the treasury note would be the present value of the future receivable on maturity discounted at the rate of return of 2% per six-month.</em>

The formula is FV = PV × (1+r)^(n)

PV = Present Value- ?

FV - Future Value, - 10,000

n- number of years- 1/2

r- interest rate - 2%

PV = 10,000 × (1.02)^(-1)

PV = 9,803.92

Price of treasury bill = $9,803.92

5 0
3 years ago
In the United States many farms are integrated into a large food-production industry. This is known as:
Zielflug [23.3K]
Agribusiness, i believe is your answer

hope this helps :)
8 0
3 years ago
Read 2 more answers
In 2010, Norbert Incorporated bought a new tooling machine for $45,000. Norbert estimated that the machine had a useful life of
Norma-Jean [14]

Answer:

Norbert should record at 2020 depreciation expense of $2,700 for the machine

Explanation:

The depreciable base can be calculated as follows;

depreciable base=acquisition cost-salvage value

where;

acquisition cost=$45,000

salvage value=$0

replacing;

depreciable base=45,000-0=$45,000

Annual depreciation expense=depreciable base/useful life

annual depreciation expense=45,000/15=$3,000

accumulated depreciation after 10 years=3,000×10=$30,000

New net book value=acquisition cost-accumulated depreciation+overhaul cost

New machine value=(45,000-30,000+12,000)=$27,000

New depreciation base=new machine value-salvage value

where;

new machine value=$27,000

salvage value=$0

replacing;

New depreciation base=27,000-0=$27,000

New Annual depreciation expense=new depreciation base/useful life

where;

new depreciation base=$27,000

useful life=5+5=10 years

replacing;

New Annual depreciation expense=27,000/10=$2,700

Norbert should record at 2020 depreciation expense of $2,700 for the machine

3 0
3 years ago
Much of the supply of ________________ is from china and india where chemical manufacturers have less government oversight.
Eva8 [605]
The answer in the space provided is 'coming from'. It is because the countries like China and India has government which has less over sight which enables them to transport goods from chemical manufacturers because of their government that are not that strict in terms of transporting goods to other countries compared to others countries that have more over sight and are more strict.
7 0
3 years ago
You want to invest $24,000 and are looking for safe investment options. Your bank is offering you a certificate of deposit that
lys-0071 [83]

Answer:

6.14%

Explanation:

The offered investment has a nominal rate (N) of 6% compounded quarterly (n=4 times a year). The effective rate of return (R) is obtained by:

R = (1+\frac{N}{n})^n-1\\R = (1+\frac{0.06}{4})^4-1\\R=0.0614=6.14\%

The effective rate of return that you will earn from this investment is 6.14%.

*Note that the amount invested is not relevant when determining the effective rate of return, which means that the rate would be the same for any amount.

4 0
3 years ago
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