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goldfiish [28.3K]
4 years ago
10

Consider This) Susie purchased a nonrefundable ticket to a soccer match for $20. It will cost her $10 worth of gas and wear and

tear to drive to the match and $5 to park her car. On the day of the match, Susie's boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost? Multiple Choice The $20 ticket to the match. The $10 cost to drive to the match. The $5 cost to park at the stadium. The $100 offered by Susie's boss.
Business
1 answer:
kumpel [21]4 years ago
3 0

Answer:

The $20 ticket to the match.

Explanation:

The sunk cost would be the $20 ticket to the match.

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Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat
densk [106]

Answer:

Equivalent units of conversion cost = 317,000 units

Explanation:

T<em>he equivalent unit is the notional whole units which represent incomplete work and is used to apportion cost between cost between work in progress and completed units</em>

Item                units                                                  Equivalent units

Opening WIP   80,000      (80,000× 80%)   =      64,000

Fully worked   250,000     (250,000× 100)  =      250,000

Closing WIP     30,000      (30,000× 10%)    =        <u>3,000</u>

Total equivalent units                                               <u>317,000.</u>

1. DOC for opening inventory is 80%, that is 100%-20%. Remember that 20% work has been done in the previous period, so the balance is to be done in this current period

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in October .

3. Closing work is only 10% completed. This represent work started this period but not yet completed.

6 0
3 years ago
Fill in the blanks to complete the sentence. A manufacturing company has budgeted production at 5,000 units for May and 4,400 un
GarryVolchara [31]

Answer:

Direct material purchases in May = 21,670× $10= $216,700

Explanation:

Material purchase budget is determined by adding the closing inventory of material to the material usage budget less the opening inventory.

Material budgets for May will be prepared as follows:

Materials needed for May production = 5,500 × 3 = 16,500

Materials needed for June production = 4,400× 3= 13,200

Closing inventory of raw material in May =60% × June requirement = 60% × 13,200 =7,920

 Material purchase budget for February = Usage budget + closing inventory - opening inventory

= 16,500 + 7,920- 2,750=21,670

Direct material purchases in May = 21,670× $10= $216,700

3 0
3 years ago
The Beranek Company, whose stock price is now $30, needs to raise $13 million in common stock. Underwriters have informed the fi
Bumek [7]

Answer:

858,085 shares must be sold

Explanation:

Net amount to be raised                   $ 13,000,000

Add: floatation expenses                           165,000

Amount to be available after

payment of underwriting compensation             20,165,000          

No of shares to be issued at 23.50 $      = 20,165,000/23.50 =  shares, rounded off to 858,085 shares.

858,085 shares must be sold

5 0
3 years ago
Aguilera acoustics, inc., (aai) projects unit sales for a new seven-octave voice emulation implant as follows:
Andrew [12]

Answer:

NPV  = $ 3,969,921.84

IRR = 23.94%

Explanation:

As the values are not given so i searched and found a similar question. i am using those values.

using formulas:

Cash Flows = Net Income + Depreciation + Investment + NWC + After-tax Salvage value

NPV = NPV(rate, CF1...CF5) - CF0

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4 0
3 years ago
Sheridan Company has current assets of $74000, current liabilities of $100000, long-term assets of $176000 and long-term liabili
Gemiola [76]

Answer:

Current ratio = 0.74 : 1

Working Capital  = ($26,000)

Explanation:

Given:

Current assets = $74,000

Current liabilities = $100,000

Find:

Working Capital

Current ratio

Computation:

Working Capital = CA - CL

Working Capital = $74,000 - $100,000

Working Capital  = ($26,000)

Current ratio = [CA / CL]

Current ratio = [$74,000 / $100,000]

Current ratio = 0.74 : 1

4 0
4 years ago
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