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Serjik [45]
2 years ago
15

Given the following, compute the cost of goods manufactured.

Business
1 answer:
Anestetic [448]2 years ago
6 0

Answer:

$278,000

Explanation:

Given the above, cost of goods manufactured is computed as

= Direct materials + Direct labor + Applied overhead + Beginning work in process - Ending work in process

= $40,000 + $100,000 + $120,000 + $30,000 - $12,000

= $278,000

Cost of goods manufactured is $278,000

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The accumulated depletion account is a.an expense account b.reported on the income statement as other expense c.reported on the
bonufazy [111]

Answer:

The answer is c.reported on the balance sheet as a deduction from the cost of the mineral deposit.

Explanation:

Accumulated Depletion Account is the account showing the accumulated depletion expenses relating to the use/exploitation of natural resources since the beginning.

Just like Accumulated Depreciation Account, The Accumulated Depletion Account is a contra-asset account which is reported on the Balance Sheet under the Natural Resources Account; the net effect of the two account shows the net book value of Natural Resources Account.

Thus, c. reported on the balance sheet as a deduction from the cost of the mineral deposit. is the correct choice.

4 0
3 years ago
Fincher, inc., has a total debt ratio of .82. What is its debt–equity ratio? (do not round intermediate calculations and round y
mario62 [17]

(a) Debt ratio = 0.82

Debt/ Assets = 0.82

Debt/(Debt + Equity) = 0.82

Debt = 0.82Debt + 0.82 Equity

0.18Debt = 0.82 Equity

Equity = 0.18Debt/0.82

Debt/Equity = Debt/(0.18Debt/0.82) = 4.5556

Debt/Equity = 0.82/0.18 =4.5556

Debt-Equity ratio = 4.56 times

(b) Equity Multiple = 1 + Debt-equity ratio

Equity multiplier = 1+4.56 = 5.56

Equity multiplier = 5.56 times

4 0
3 years ago
Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2016. January 1 balances in accounts receivable and a
tester [92]

Answer:

Lucia's cash flows from operating activities would be:

$132,000.

Explanation:

Accounts Receivable  End: $30,000  Beginning: $29,000 = -$1,000  

Accounts Payable    End: $24,000  Beginning: $26,000 = -$2,000  

Net Income : $ 135,000

To calculate the total cash flow from operating activities it's necessary to deduct of the Net Income the variance of these accounts which indicates a negative variance during the year, -$2,000 on accounts payable because the company paid more bills these year than before, and -$1,000 because the company expand their credit line to customers.

Cash Flow: $135,000 - $1,000 - $2,000 = $132,000.

4 0
2 years ago
What is the difference between a ratio scale of measurement and an interval scale of measurement?
Zanzabum

Answer: Option (C)

Explanation:

The ratio scale is referred to as or known as a kind of the variable measurement scale that is mostly quantitative in the nature. The ratio scale tends to allow most researcher to bring out the comparison in between the  intervals. This scale is fourth level of the measurement and thus tends to possess a 0 point or the character of the origin.  

Interval scale is referred to as or known as the quantitative measurement scale under which the difference in between the two variables is mostly meaningful. This scale is known to be third level of the measurement.

5 0
2 years ago
What is the difference between internal validity and external validity​? A. A statistical analysis is said to have internal vali
UNO [17]

C. A statistical analysis is said to have internal validity if the statistical inferences about causal effects are valid for the population being studied. The analysis is said to have external validity if conclusions can be generalized to other populations and settings.

So internal validity means the results are accurate and you can use them to make sense of the group you are studying. External validity still means the results are accurate, but that you can use them to make assumptions about the population as a whole.

So if you look at a field of cows where half are white and half are brown, you have internal validity that 50% of your sample is white and 50% is brown. This result would not have external validity because in the whole world, cows can be different colors or combinations of colors.

8 0
3 years ago
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