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Taya2010 [7]
3 years ago
8

Crane Company required production for June is 112000 units. To make one unit of finished product, three pounds of direct materia

l Z are required. Actual beginning and desired ending inventories of direct material Z are 290000 and 310000 pounds, respectively. How many pounds of direct material Z must be purchased
Business
1 answer:
IrinaVladis [17]3 years ago
6 0

Answer:

Purchases= 356,000 pounds

Explanation:

Giving the following information:

Production= 112,000 units.

Standard quantity= 3 pounds of direct material Z

Beginning inventory= 290,000 pounds

Desired ending inventory= 310,000 pounds

To calculate the purchase required for direct material, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Purchases= 112,000*3 + 310,000 - 290,000

Purchases= 356,000 pounds

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John and Mary Billings own a condominium with an assessed value of $110,000. If the tax rate is 25 mills per $1.00 of assessed v
Murljashka [212]

Answer:

option (D) $ 2,750

Explanation:

Data provided :

Assessed value of John and Mary Billings = $ 110,000

Tax rate = 25 mills per  $ 1.00

or

Tax rate in dollars = 25/1000 = 0.025 / $ 1.00

therefore,

Tax they have to pay = Assessed value of John and Mary Billings × Tax rate

or

Tax to be paid = $ 110,000 × 0.025 = $ 2,750

Hence,

the correct answer is option (D) $ 2,750

7 0
3 years ago
Regarding competitive strategies, companies seek efficient manufacturing and productive employees to achieve ___________.
hoa [83]

Answer:

D. differentiation.

Explanation:

Option A - Low-cost leadership refers to the strategy in which the customers are getting the products at a low cost. Companies seek to achieve cost leadership, but with efficient manufacturing and productive employees cannot help them to achieve that.

Options B and C - With local employees, it is challenging to achieve global operation, and focused differentiation is the selling of unique products to the customers. So, those are wrong answers.

Option D - With the help of differentiation strategy, companies seek effective manufacturing and productive employees to attract customers to take their products from the thousands of products in the market. Therefore, it is the correct answer.

8 0
3 years ago
Evaluate the extent to which Wal-Mart's previous revenue policy was consistent with the revenue recognition principle.
Kipish [7]

Answer:

Wal-Mart's previous revenue policy was inconsistent with the revenue recognition principle.  It used to recognize revenue when performance obligations have not been met.

Explanation:

In response to SAB 101 issued by the Stock Exchange Commission in 1999, Wal-Mart changed its revenue recognition policy for layaway transactions.  Layaway transactions are those in which Wal-Mart sets aside merchandise for customers who make partial payment.  Before SAB 101, Wal-Mart recognized all revenue on the sale at the-time of the layaway. After the change, Wal-Mart does not recognize revenue until customers satisfy all payment obligations and take possession of the merchandise.

4 0
2 years ago
Your _______ should furnish enough money to live on, in an emergency, for six months.
polet [3.4K]
Your A) SAVINGS should furnish enough money to live on, in an emergency, for six months.

Savings should at minimum be equivalent to the amount you spend for your basic needs for a month. Multiply it for 6 months because in case you are unemployed, you will still be able to meet your needs for six months. Giving you time to recoup and find other employment.
 
IRA is Individual Retirement Account - This is intended for your retirement.
Investments are usually bonds or securities which may take quite some time before it can be liquidated.
8 0
3 years ago
On January 1, a company issued 6%, 10-year bonds with a face amount of $60 million for $55,736,520 to yield 7%. Interest is paid
Olegator [25]

Answer:

Effective interest on June 30 on a 6% $60 million bond at 7% effective rate is $1,950,778

The interest is treated in the books of account thus:

Debit interest expense     $1,950,778

Credit Bond account                               $1,950,778  

Explanation:

The effective interest is computed using the below formula

Amount x Effective Rate (%) = Interest Expense

Amount=$55,736,520

Effective rate =7%/2 =3.5% semi-annually

Interest expense=$55,736,520*3.5%

Interest expense=$1,950,778

6 0
2 years ago
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