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3 years ago

The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment:

Business

1 answer:

Zina [86]3 years ago

5 0

Answer:

A. $5,820,000

B. $4,425,000

C. $1,130,000

Explanation:

<u>A. Cost of goods sold.</u>

<em>Cost of goods sold = Sales - Gross Profit</em>

= $7,270,000 - $1,450,000

= $5,820,000

<u>B. Direct materials cost.</u>

<em>Direct materials cost = Material Purchases - Ending Material Inventory - Indirect Materials</em>

= $5,100,000 - $480,000 - $195,000

= $4,425,000

<u>C. Direct labor cost.</u>

<em>Direct labor cost = Total Manufacturing Cost - Indirect labor - indirect materials - direct materials - other factory overheads</em>

= $6,170,000 - $330,000 - $195,000 - $4,425,000 - $90,000

= $1,130,000

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kelsie blames steve for all her shortcomings at work even though he is the hardest working member on the team. in the context of

Dmitriy789 [7]

When someone like Kelsie blames Steve for all her shortcomings at work even though he is the hardest working member on the team, it is an example of political workplace deviance. Therefore, the option B holds true.

<h3>What is the significance of workplace deviance?</h3>

Workplace deviance can be referred to or considered as the tendency of an employee or a member of an organization to intentionally cause a sense of harm to the regular functioning of the organization.

A political deviance is a type of workplace deviance wherein an employee in higher authority starts blaming others for slightest of irregularities in the team.

Therefore, the option B holds true and states regarding the significance of workplace deviance.

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The missing options to the question are added below for better reference.

A. group deviance

B. political deviance

C. personal aggression deviance

D. property deviance

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1 year ago

The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some

zubka84 [21]

The government has the capacity to influence the level of output in the short run by utilizing monetary and fiscal policy. There exists some disagreement as to whether the government should endeavor to stabilize the economy. The given statement is true.

<h3>What is the monetary and fiscal policy?</h3>

Monetary policy exists as a set of actions to control a nation's general money supply and achieve economic growth. Monetary policy strategies contain revising interest rates and changing bank reserve conditions. Monetary policy exists commonly categorized as either expansionary or contractionary.

In economics and political science, the fiscal policy exists as the use of government revenue assemblage and expenditure to control a country's economy. Fiscal policy exists the use of government spending and taxation to influence the economy. Governments typically employ fiscal policy to promote strong and sustainable growth and decrease poverty.

To create an economy more stable, active stabilization policy instruments that mitigate the effect of pessimism and optimism waves stand advocated. The waves of pessimism among consumers and businesses show the fall in aggregate demand. This fall in aggregate demand can be partly or fully offset by raising the money supply because the increase in money supply boosts aggregate demand.

The government has the capacity to influence the level of output in the short run by utilizing monetary and fiscal policy. There exists some disagreement as to whether the government should endeavor to stabilize the economy.

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2 years ago

ames Corporation is planning to issue bonds with a face value of $501,500 and a coupon rate of 6 percent. The bonds mature in 10

Yuliya22 [10]

Answer:

The independent cases not given in the question are:

a. Case A: Market interest rate (annual): 4 percent.

b. Case B: Market interest rate (annual): 6 percent.

c. Case C: Market interest rate (annual): 8.5 percent.

At 4% issue price is $583,502.44

At 6% issue price is $501,500.00

At 8% issue price is $433,344.51

Explanation:

The price of the bond can be computed using the pv value formula in excel.

=pv(rate,nper,pmt,fv)

rate is the market interest given in the three cases divided by since the bond is a semi-annual interest paying bond. for example 4%/2=2%

nper is the time to maturity multiplied by 2 i.e 10*2=20

pmt is the coupon interest receivable by investor semi-annually which is 6%/2*$501,500=$15045

fv is the face value at $501,500

at 4%

=pv(2%,20,15045,501500)

=$583,502.44

at 6%

=pv(3%,20,15045,501500)

=$501,500.00

At 8%

=pv(4%,20,15045,501500)

=$433,344.51

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3 years ago

Fleming Company has the following cumulative taxable temporary differences: 12/31/18 12/31/17 $1,600,000 $2,250,000 The tax rate

jeyben [28]

Answer:

Pretax financial income is $3,350,000.00

Explanation:

Fleming's pretax financial income is the taxable income for 2018 plus the increase in cumulative taxable temporary difference in 2018.

Taxable income is $4,000,000

Difference in cumulative taxable difference=$1,600,000-$2,250,000

=-$650,000

pretax financial income=$4,000,000+(-$650,000)

=$4,000,000-$650,000

=$ 3,350,000.00

The pretax financial income for year 2018 is $3,350,000.00

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4 years ago

Croft Company sold land costing $10,000 for $12,000. In the investing activities section of the statement of cash flows, the com

Nezavi [6.7K]

Answer:

The answer is: B) An inflow of $12,000

Explanation:

Croft Company's cash flow should include the total cash inflow (the company received money) of $12,000. Even if the company bought the land the day before, paying the $10,000 yesterday, the cash flows are independent one from another. It should have recorded the outflow of $10,000 "yesterday".

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3 years ago