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Delvig [45]
3 years ago
14

Baylor Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of

business are $156,800, $198,200, and $217,600, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $28,800 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. The cash payments for manufacturing in the month of June are:___________.a. $212,750b. $183,200c. $183,950d. $217,600
Business
1 answer:
mario62 [17]3 years ago
6 0

Answer:

c. $183,950

Explanation:

The calculation of cash payments for manufacturing in the month of June is shown below:-

Cash payment = 3 ÷ 4 × June Manufacturing Costs + 1 ÷ 4th × May Manufacturing Costs

= ($217,600 - $28,800) × 3 ÷ 4 + ($198,200 - $28,800) × 1 ÷ 4

= $188,800 × 0.75 + $169,400 × 0.25

= $141,600 + $42,350

= $183,950

So, we have applied the above formula.

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The opportunity cost of shifting from point C to D is 40 tons of oranges.

<h3>What is the formula for calculating opportunity cost?</h3>

Opportunity cost is the help you forego in choosing one duration of action over another. You can determine the opportunity cost of picking one investment option over another by using the following method: Opportunity Cost = Return on Most Profitable Investment Choice - Return on Investment Chosen to Pursue.  The law of increasing opportunity cost: As you increase the production of one good, the opportunity expense to produce the more goods will increase.

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5 0
2 years ago
Sunland Company had checks outstanding totaling $9700 on its June bank reconciliation. In July, Sunland Company issued checks to
wel

Answer:

amount of outstanding checks  = $10700

Explanation:

given data

outstanding totaling =  $9700

issued checks totaling = $77900

checks cleared  in July = $76900

returned marked = $980

solution

amount of outstanding checks are here calculated as

amount of outstanding checks = outstanding totaling + issued checks totaling - checks cleared  in July    ..................1

put here value

amount of outstanding checks = $9700 + $77900 - $76900

amount of outstanding checks  = $10700

and here check $980 issued by a customer not Sunland Company

4 0
3 years ago
A spending variance is calculated by comparing actual costs with the static budget.
Liula [17]
It maybe false because it just make scene.
7 0
3 years ago
Racket Corporation and Laocoon Corporation create Raccoon Corporation. Racket transfers $600,000 in assets for all of Raccoon's
jonny [76]

Answer:

Type A reorganization

Explanation:

Type A reorganizations are known as statutory mergers or consolidations. This transaction involves 2 corporations, but one of them (Racket) will absorb the other one (Laocoon).

In this case, Mia doesn't have to recognize any loss or gain resulting from this merger, but Carlos has to recognize a gain equal to the remaining assets that were distributed ($300,000).

3 0
3 years ago
The idea that business people should consider the social consequences of economic actions when making business decisions and tha
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Answer:

D. social responsibility

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Social responsibility is a concept that states that a business organizations have the responsibility to ensure that whatever business decision they make should be beneficial to the environment and society where such business organizations’ presence are. For example, one of the social responsibility of oil companies should be a deliberate effort to reduce environmental degradation as well as reducing carbon footprints to ensure a healthy ecosystem. This social responsibility should guide oil companies on how they conduct their businesses.

7 0
3 years ago
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