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3 years ago

Simon Company’s year-end balance sheets follow.

Business

1 answer:

klemol [59]3 years ago

3 0

Answer:

The answer is given below;

Explanation:

Days sales in inventory-2017= Average Inventory/Cost of goods sold*365

=(115,000+85,000)/2/(458,674)/365

=(100,000/458,674)*365

=80 days

Days sales inventory 2016= (85,000+56,000)/2/(385,686)*365

=(70,500/385,686)*365

=67 days

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LO 1.5What is corporate social responsibility, and who are the stakeholders?

Lana71 [14]

Answer:

Corporate social responsibility is really a complex concept which, relating on the company or sector, will take several aspects. Companies can improve society by enhancing their products via CSR services, charity, and community projects.

It first needs to take responsibility for itself and its stakeholders in order for a company to be socially conscious. Today, organizations that implement CSR strategies have evolved to the point in which they can contribute to the community. CSR is therefore predominantly a large corporate strategy

A stakeholder is indeed a party with an involvement in a business and may influence or be influenced by business. His owners, staff, consumers and distributors are the key stakeholders in a standard company. The conceptual model of the idea, though, goes outside this original design to also include extra stakeholders such as a society, administration or trade organization.

5 0

3 years ago

The following information was available from the inventory records of Sunland Company for January: Units Unit Cost Total Cost Ba

luda_lava [24]

Answer:

Cost of Ending Inventory $ 47,077.74

Units on Hand 31 Jan = 4,600

Weighted Average Cost= $ 10.24per unit

Explanation:

We divide the total cost with the total number of units to get the weighted average cost per unit.

Sunland Company

Units Unit Cost Total Cost

Balance at January 1 9000 $9.70 $87300

Purchases: January 6 6000 10.35 62100

<u>January 26 8300 10.73 89059 </u>

<u>Total Units</u> 23,300 238,459

Sales January 7 (7400 )

January 31 (11300 )

Units on Hand 31 Jan = 4,600

Weighted Average Cost= Total Cost/ Total Units = 238,459/ 23,300 =

$ 10.235≅ $ 10.24

Cost of Ending Inventory = 4,600*$ 10.24= $ 47,077.74

8 0

3 years ago

The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original

mariarad [96]

Answer:

Option (C) is correct.

Explanation:

Given that,

Actual direct labor hours = 8,200

Actual rate = $12.40 per hour

Original production = 1,100 units

Actual units produced = 1,000

Labor standards = 7.6 hours per completed unit

standard rate = $13.00 per hour

Labor time variance:

= (Standard hours - Actual hours) × Standard rate

= (1,000 × 7.6 - 8,200) × $13

= 7,800 Unfavorable

3 0

3 years ago

Mallory Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 1

Ghella [55]

Answer:

The answer is D

Explanation:

Solution:

Recall that:

Malloy Furniture purchases two products: Big shelves B and Medium shelves M

The cost of big shelf is =$500

The space required = 100 cubic feet

The cost of each medium shelf is =$300

Storage space = 90 cubic feet,

Now,

Since the values 100 and 90 is greater than 18000 cubic feet available for storage, what is required would be 100 big shelves and 100 medium shelves

5 0

3 years ago

Consider two economic regions, region A and region B. If region A has strict union protection laws present, while region B lacks

barxatty [35]

Answer:

higher unemployment rate

Explanation:

The economic region, A, where there is the presence of strict union protection laws, is most likely to experience increase unemployment rate compared to region B where there is the absence of strict union protection laws.

Unions most times favor those who are currently employed as opposed to those who are searching for jobs. They try to reduce wage inequality between low and middle wage workers and high- wage workers, this most times leads to increase in wages above the equilibrium level. This further result to the decline of amount of labor required hence leading to unemployment.

4 0

3 years ago

Read 2 more answers