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3 years ago

Goods that are created and used domestically are __________.

Business

2 answers:

Trava [24]3 years ago

5 0

Answer:

The correct answer is C- produce and consumed in one country.

Explanation:

Allushta [10]3 years ago

3 0

The answer is C, produced In one country.

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Sun Inc. factors $6,000,000 of its accounts receivables without recourse for a finance charge of 3%. The finance company retains

PIT_PIT [208]

Answer:

Loss $180,000

Explanation:

Accounts Receivable $6,000,000

Factor fees 3%*6,000,000 $180,000

Loss of $180,000 will be recorded for transfer of receivable without recourse to the factor.

8 0

3 years ago

On December 18, Intel receives $260,000 from a customer toward a cash sale of $2.6 million for computer chips to be completed on

lord [1]

Answer:

Explanation:

the picture attached gives the full solution to the problem

5 0

3 years ago

Hasty Manufacturing orders 4,800 units annually. They order 4 times a year. They hold 112 units in safety stock. On average, the

Evgen [1.6K]

Answer:

712 Units

Explanation:

Given

Order Quantity = 4800 units

Safety Stock = 112 units

Since Hasty Manufacturing make orders 4 times in a year, then Safety Stock = 4 * 112 = 448

Average inventory = ½(Order Quantity) + Safety Stock

Average inventory = ½ * 4800 + 448

Average Inventory = 2400 + 448

Average Inventory = 2848 for 4 Orders per annum

Also, they make order 4 times a year.

So, the Average Inventory per order = 2848/4

So, Average Inventory = 712

8 0

3 years ago

Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that

FinnZ [79.3K]

Answer:

1.Total Equivalent Units Materials 471,600 Conversion 464,400

2. Cost Per Equivalent Unit Materials $ 1.33 Conversion $ 0.75

3. Cost of Ending Work In Process $ 39528

4. Cost Of Units Transferred Out = $ 936,000

5. Cost Materials $ 627 228 and Conversion $348,300

Explanation:

Builder Products, Inc.,

Weighted-Average Method

1. Equivalent Units

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Transferred Out 450000 100 100 450,000 450,000

Ending WIP 36000 60 40 21,600 14,400

Total Equivalent Units 471,600 464,400

Transferred Out units are calculated by adding Opening Inventory and production started and subtracting ending inventory units.

Transferred Out units = Opening Inventory+ production started -ending inventory units

Transferred Out units =76,000 + 410,00 - 36000= 450000 units.

2. Cost Per Equivalent Units

Materials Conversion

Cost Of Opening Inventory 117,900 53600

Cost Added 613,080 294,700

Total Costs 624,980 348,300

Equivalent Units 471,600 464,400

Cost per Equivalent Unit 624980/471600 348300/464400

$ 1.33 $ 0.75

3. Cost of Ending Work In Process $ 39528

Materials = 21600 * $ 1.33= $ 28728

Conversion = 14400 * $ 0.75= $10800

We multiply the equivalent number of units with the cost per unit to find the cost.

4. Cost Of Units Transferred Out = $ 936,000

Materials = 450 000 * $ 1.33= $ 598,500

Conversion = 450000 * $ 0.75 = $ 337,500

5. A Cost Reconciliation Report

Materials Conversion

Ending WIP $ 28728 $10800

Transferred Out $ 598,500 $ 337,500

Total  627 228** 348,300

These calculated costs reconcile with the costs given in the above data.

Materials Conversion

Cost Of Opening Inventory 117,900 53600

Cost Added 613,080 294,700

Total Costs 624,980** 348,300

The difference is in the cost of materials which is actually 624,980** and we found it out to be   627 228** . This is because we rounded the Cost per Equivalent Unit of material from $ 1.325 to $1.33

If we multiply 1.325 * 471,600 we get $ 624870 which is almost the same.

5 0

3 years ago

Which of the following involves trading partial ownership interests for capital?

Naddik [55]

Answer:

Equity Financing!!

3 0

4 years ago