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Nikolay [14]
2 years ago
9

Genesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division produces containers that can

be used by the Cologne Division. The Bottle Division's variable manufacturing cost is $4.00, the shipping cost is $0.30, and the external sales price is $5.00. No shipping costs are incurred on sales to the Cologne Division, and the Cologne Division can purchase similar containers in the external market for $4.60. The Bottle Division has sufficient capacity to meet all external market demands in addition to meeting the demands of the Cologne Division. Using the general rule, the transfer price from the Bottle Division to the Cologne Division would be:
Business
1 answer:
vova2212 [387]2 years ago
6 0

Answer: $4

Explanation:

The Bottle division is said to be able to meet all excess demand outside as well as that of the Cologne Division.

When this is the case in a company, individual divisions are allowed to transfer to each other at a rate equal to their Variable Costs. This is the general rule.

The Variable Costs for the containers is $4 so that is the transfer price as well.

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Egarding the Eight Types of Waste that must be eliminated to implement lean systems, excessive movement and material handling of
katrin2010 [14]

Answer:

The correct answer is A) Motion waste

Explanation:

Motion Waste is any type of waste that is not to the benefit of the customer, or that does not increase the value of the product.

In this example, the question refers to the material handling of the product as excessive, and also lets us know, that this excessive handling happens in serveral processes. None of these increase the value of the product, otherwise they would not be reffered to as excessive, therefore, the question presents a classical example of motion waste, and the production process is not a lean system.

4 0
2 years ago
What must net noninterest income (net of noninterest expense) be in order for fnb to have a 12% roe? based on your answer, must
Lana71 [14]
<span>Answer: NI/Equity = 0.12 ; NI/$125 = 0.12 so required NI = $15.00 Interest Revenue = ($475*0.045) + ($725 * 0.075) = $75.75 Interest Expense = $1,175 * 0.03 = $35.25 NI = {Interest Revenue – Interest Expense + Net noninterest income – PLL} (1 – Tax rate) $15.00 = {$75.75 - $35.25 + Net noninterest income – $3}* (1 - .34) Net noninterest income must be = -$14.77 (millions) Noninterest Expense = $30, so Noninterest income must be $30 + - $14.77 = $15.23 FNB Overhead Efficiency Ratio = $15.23 / $30 = 0.5076, industry average = 0.85. Thus, FNB must be doing a poorer job of generating noninterest income while controlling noninterest expense than the industry average.</span>
6 0
3 years ago
Sunland Company's accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materials inventory $ 78
tamaranim1 [39]

Answer:

$1,466,000.00

Explanation:

Calculation to determine How much raw materials were transferred to production during 2020 for Sunland

RAW MATERIALS TRANSFERRED TO PRODUCTION

Beginning Raw material inventory $78,000.00

Raw material Purchases $1,450,000

Total Raw material available for use $1,528,000.00

($78,000+$1,450,000)

Less: Ending Raw material inventory $62,000.00

Raw materials transferred to production $1,466,000.00

($1,528,000.00-$62,000.00)

Therefore the Amount of raw materials that were transferred to production during 2020 for Sunland is $1,466,000.00

4 0
3 years ago
Mohamed income elasticity for good A is equal to -1.5. His current income is Br.40, 000 per year and he buys 200 units of good A
Pani-rosa [81]

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7 0
2 years ago
Gibbs Corporation owned 20,000 shares of Oliver Corporation's $5 par value common stock. These shares were purchased in 2009 for
earnstyle [38]

Answer:

. $378,000

Explanation:

For every 10 shares of Gibbs, the stockholres receive 1 share of Oliver

There are 180,000 shares of Gibbs outstanding, so it will give as property dividends:

180,000 / 10 = 18,000 Oliver Shares

Each share has a market cost for 21 so, the dividends declared have a value of:

18,000 x 21 = 378,000

<u>This will be recorded as follow:</u>

<u>when the dividends are declared:</u>

Retained Earnings    378,000 debit

       Property Dividends Payable 378,000 debit

<u>And when the stock delivered:</u>

Property Dividends Payable 378,000 debit

     Oliver Investment                       378,000 credit

7 0
2 years ago
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