1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Reil [10]
2 years ago
5

Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24

,000 Work in process $23,000 $17,000 Finished goods $37,000 $55,000 Additional information: Raw materials purchases $69,000 Direct labor cost $94,000 Manufacturing overhead cost incurred $54,000 Indirect materials included in manufacturing overhead cost incurred $8,000 Manufacturing overhead cost applied to Work in Process $56,000 The cost of goods manufactured for August is: $227,000 $229,000 $219,000 $217,000
Business
1 answer:
Wittaler [7]2 years ago
5 0

Answer:

$217,000

Explanation:

                           Begining   Purchases   Ending  

Raw Materials  $ 36,000 $ 69,000 $ 24.000

Work in Process  $ 23,000 $ 17,000         $ 6.000

Finished Goods  $ 37,000  $ 55,000 -$ 18.000

Direct Lab Costs  $ 94,000 $ 94,000

Manuf Overhead $ 54,000 $ 54,000

 Total  

Raw Materials  $ 81.000

Work in Process  $ 6.000

Finished Goods  -$ 18.000

Direct Labor Costs  $ 94.000

Manufacturing Overhead  $ 54.000

Costo of Goods Manufactured  $ 217.000

You might be interested in
If businesses follow regulations, financial disasters are far less likely.
lys-0071 [83]

Answer:

True

Explanation:

All businesses, regardless of type or size, must abide by statutes and regulations. Laws comes from all levels of government. Some laws apply to specific sectors, but the majority addresses the entire industry.

Regulations deal with business registration, licensing, and employee compensation. Laws related to professional bodies such as lawyers or doctors must be adhered to by relevant businesses.  Governments impose regulations on taxation, statutory deduction, and safety in the workplace.

Following regulations protects the customers, employees, and businesses.  An employee who follows the law knows what is expected of them. Following rules will save the company from lawsuits. Employees will feel confident and motivated when they work for a company that follows the law.

Not following the law will cause problems with the tax authorities.  It may lead to misrepresentation of financial records or expose employees to hazardous work environments.  Such a business will most likely face may lawsuits that come along with huge costs. Not following the law may lead to the collapse of a company.

6 0
3 years ago
The newspaper reported last week that Bennington Enterprises earned $34.07 million this year. The report also stated that the fi
Arada [10]

Answer:

Earning growth rate will be 12 %

Explanation:

We have given that Bennington Enterprises earned $34.07 million this year.

Return equity = 16 % = 0.16

Retained earning = 75 % = 0.75

We have to find the firm's growth rate

We know that growth rate is given by

Growth rate = Return on equity × retained earning

So firm's growth rate will be equal to = 0.16×0.75 = 0.12

Therefore the earning growth rate will be 12 %

6 0
3 years ago
How much should you pay for a share of stock that offers a constant growth rate of 13%, requires a 18% rate of return, and is ex
marin [14]

Answer:

$44.25

Explanation:

<u>procedure 1:</u>

we can determine the present value of the stock using the following formula:

present value = future value / (1 + constant growth rate)ⁿ

  • future value = $50
  • constant growth rate = 13%
  • n = 1

present value = $50 / (1 + 13%) = $50 / 1.13 = $44.25

<u>procedure 2 (optional):</u>

future value = future dividend / (required rate of return - constant growth rate)

$50 = future dividend / (18% - 13%)

future dividend = $50 x 5% = $2.50

now we must determine the dividend for the current year:

current dividend = future dividend / (1 + constant growth rate)

current dividend = $2.50 / (1 + 13%) = $2.50 / 1.13 = $2.21

now we apply the Gordon growth model:

present value = dividend / (required rate of return - constant growth rate)

present value = $2.21 / (18% - 13%) = $2.21 / 5% = $44.25

5 0
3 years ago
Under a system of floating exchange rates, changes in the value of the U.S. dollar relative to other currencies are the result o
guajiro [1.7K]

Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.

<h3>What are floating exchange rates?</h3>
  • A floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which the value of a currency is permitted to fluctuate in reaction to foreign exchange market occurrences.
  • A floating currency is one that uses a floating exchange rate, as opposed to a fixed currency, the value of which is determined in terms of material items, another currency, or a group of currencies (the idea of the last being to reduce currency fluctuations).
  • When the international value of a country's currency rises, so do its imports, and vice versa.

As it is given in the description itself, when the international value of a country's currency rises, so do its imports, and vice versa.

Therefore, Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.

Know more about floating exchange rates here:

brainly.com/question/11160294

#SPL4

The question you are looking for is here:

Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will ____.

3 0
2 years ago
Bonds are basically also known as what?
Karo-lina-s [1.5K]

bonds are basically known as

b)contracts

8 0
3 years ago
Other questions:
  • The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information:
    10·1 answer
  • Transactions for Skysong Company for the month of May are presented below. Prepare journal entries for each of these transaction
    12·1 answer
  • A company acquired an office building, land, and equipment in a single basket purchase. The fair values were $1,200,000, $600,00
    14·1 answer
  • Troy (single) purchased a home in Hopkinton, MA, on January 1,2007, for $300,000. He sold the home on January 1, 2016, for$320,0
    13·1 answer
  • The valuation of a financial asset is based on the concept of determining the present value of future cash flows that this finan
    14·1 answer
  • Morris is a software engineer for a manufacturer. He wrote a program for the accounting department. During the testing phase, he
    11·1 answer
  • Suppose the economy of the large country of Hendrix is currently experiencing economic growth and has a trade deficit. Consider
    13·1 answer
  • The steady growth line best supports which conclusion about the economy
    13·1 answer
  • When was the US independent
    12·2 answers
  • A firm has total debt of $1,380 and a debt-equity ratio of .23. what is the value of the total assets?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!