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2 years ago

Production estimates for July are as follows:

Business

1 answer:

LenKa [72]2 years ago

6 0

Answer:

d. 234,000 lbs. of A; e. 39,000 lbs. of B

Explanation:

For computing the number of pounds first we have to find out the production units which is shown below:

Production units = Sales units + ending inventory units - beginning inventory units

= 76,000 units + 10,500 units - 8,500 units

= 78,000 units

Now number of material pounds required is

Direct material A B

One unit requires 3 lbs 1 ÷ 2 lbs

Multiply 78000 unit requires 234,000 39,000

We simply multiplied the production units with the required unit of each material i.e A and B so that the accurate number of pounds could arrive

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Heller Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in thousands). Age of Recei

MariettaO [177]

Answer:

$368

Explanation:

Bad debts also known as uncollectible expenses are the portion of the accounts receivable in accrual accounting that have to be written off as they are eventually not paid by the accounts receivable.

One of the ways of estimating bad debt is allowance method , which is expressing a bad expenses as a percentage of credit sales based on experience and past records.

Days past due balance % uncollectible

Current 11,000 1% 110

30-60 days 2,400 3% 72

61-90 days 1,700 6% 102

Over 90 days 840 10% 84

Total 368

Bad debt expenses to be recognized is $368

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2 years ago

Regulatory agencies such as the occ and the fdic add to the banking system.

pashok25 [27]

The safety of the banking system could be mainly attributed to the contributions made by regulatory agencies such as the OCC and the FDIC. OCC is known as the Office of the Comptroller of the Currency while the FDIC is the abbreviation of the Federal Deposit Insurance Corporation.

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2 years ago

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For the current year, Harry reported salary and taxable interest income of $50,000. His capital asset transactions during the ye

NeTakaya

Answer:

adjusted gross income = $47,000

Explanation:

ordinary income = $50,000

capital losses = $1,000 - $5,000 = -$4,000

but the IRS limits the amount of capital losses than can offset ordinary income to $3,000 per year. The remaining $1,000 will be carried forward.

AGI = $50,000 - $3,000 = $47,000

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2 years ago

Musashi manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot o

Elina [12.6K]

Answer: Menu cost

Explanation:

Menu cost is the cost to a firm due to constant price changes. The name was coined from restaurants who changed their prices constantly by printing new menus.

For a wider definition, the menu costs also include the re-tagging of items, updating of computer systems, and hiring consultants in order to develop new pricing strategies and the costs of printing menus.

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2 years ago

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Sandy transfers land worth $500,000, basis of $100,000, to a newly formed corporation, Dolphin Corporation, for all of Dolphin's

never [62]

Answer:

B. Sandy recognized gain of $400,000.

Explanation:

Sandy transfers land of basis $100,000 to Dolphin Corporation. The land worth is $500,000 which is transferred to Dolphin Corporation in return for all the stocks worth $300,000 and note was executed by Dolphin amounting $200,000. The total consideration of Dolphin Corporation amounts $500,000 which the worth of the land transferred by Sandy. The basis of Land was $100,000. Sandy can recognize a gain of $400,000.

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2 years ago