8. Which factor is considered the most critical in determining where customers choose to shop?

Largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending work in proce

SpyIntel [72]

Answer:

$55,000

Explanation:

Calculation for the total cost assignable to the ending work in process inventory

First step is to calculate the ending Materials Cost:

Ending Materials Cost = [(2,500 units × $10]

Ending Materials Cost = $25,000

Second Step is to calculate the ending Conversion Cost:

Ending Conversion Cost = [(2,500 units × 40%) × $30]

Ending Conversion Cost = [(1,000) × $30]

Ending Conversion Cost = $30,000

Last step is to calculate the total cost assignable to the Ending work in process inventory cost using this formula

Ending work in process inventory cost = Ending Materials Cost + Ending Conversion Cost

Let plug in the formula

Ending work in process inventory cost = $25,000 + $30,000

Ending work in process inventory cost = $55,000

Therefore the total cost assignable to the ending work in process inventory is $55,000

3 0

3 years ago

On December 1, 20X1, Money Co. gave Home Co. a $200,000, 11% loan. Money paid proceeds of $194,000 after the deduction of a $6,0

zysi [14]

Answer: <em>(C.) $2,005</em>

Explanation:

Given :

Money Co. made a cash outflow of $194,000 for the $200,000 loan Money gave to Home Co.

The book value of the loan is $194,000.

The stated rate is 11%.

Hence they will receive an effective interest rate of 12.4% on cash outflow.

∴

Income from the loan = Book value × Effective interest rate × No. of months of the year

= $194,000 × 0.124 × $\frac{1}{2}$

= $2,004.67

3 0

3 years ago

You plan on making a $235.15 monthly deposit into an account that pays 3.2% interest, compounded monthly, for 20 years. At the e

erma4kov [3.2K]

Answer:

Monthly payment = $769.27

Explanation:

First we have to determine the future value of the ordinary annuity:

Payment = $235.15

N = 20 * 12 = 240

Rate = 3.2% / 12 = 0.267%

Using a financial calculator and the FV function, the FV = $78,910.41

Again, using the financial calculator or Excel, you can determine the monthly payment:

N = 10 / 12 = 120

Rate = 0.267%

PV = $78,910.41

FV = $0

Monthly payment = $769.27

8 0

2 years ago

In King v. Riedl,

vovangra [49]

Answer:

Court ruled over in favor of the plaintiffs.

Explanation:

The result was that the court ruled in the favor of the plaintiffs because the contractor was statutorily barred from bringing an action to enforce payment because he doesn't has the residential home builder license and the amount of the contract satisfied statutory requirements.

8 0

2 years ago

In the long run, if inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist.

Gala2k [10]

In the long run, if inputs are increased by 10 percent and output increases by 20 percent, then diseconomies of scale are said to exist. It is because diseconomies of scale is likely to happen in the long run for a business with increasing inputs without decreasing the cost of production. It can happen when the increase in production is dependent on one part that needs to be completed but there is a delay on producing the parts. Another reason is that the cost of shipping may increase base on how far will be the distance and the weight of the product.

8 0

2 years ago