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Snezhnost [94]
3 years ago
14

A company completes 21,000 units this month and has ending goods in process inventory of 3,000 units which are estimated to be 4

0% complete. Total production costs are $666,000. The cost of ending Goods in Process Inventory is:______.
Business
1 answer:
Artyom0805 [142]3 years ago
6 0

Answer: $36,000

Explanation:

First calculate the Equivalent Units of Production;

= 21,000 + (3,000 * 40%)

= 21,000 + 1,200

= 22,200 units

Then find the cost of each units.

= Total production cost/ Equivalent units of production

= 666,000/22,200

= $30 per unit

Then the cost of ending Goods in Process Inventory is:

= Equivalent ending process inventory units * cost per unit

= 1,200 * 30

= $36,000

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The countries that have made the least use of securities markets are ________ and ________; in these two countries finance from
netineya [11]

Answer:

<u>Germany</u> and <u>Japan</u>

Explanation:

Financial intermediaries refer to the institutions which serve as a link between spenders and savers. Examples of financial intermediaries are banks, investment banks, pension funds, etc.

Securities markets refer to the markets which deal with the issuance of equity, debt and derivatives securities. Such issue of securities facilitates the raising of capital by businesses.

Direct finance usually takes place in capital markets dealing in securities with maturity period of more than an year, such as equity and bonds.

Indirect finance takes place through financial intermediaries such as banks, pension funds, etc. Such intermediaries remove the operation of middlemen between lenders and borrowers.

Germany and Japan have utilized their nation's bank credit based financial system.

3 0
3 years ago
2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of
loris [4]

Answer:

In the absence of international trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39.

When the world price is lower than the domestic price the country imports and domestic price goes down

If Meekertown allows free trade,then it will import meekers

Meekertownian consumers were worse off without free trade than they are with it.-TRUE

Meekertownian producers were worse off without free trade than they are with it.- FALSE

True or False:

When a country is too small to affect the world price, allowing free trade will never increase total surplus in that country, regardless of whether it imports or exports as a result of international trade.-FALSE

Explanation:

8 0
4 years ago
Softie, Inc. produces facial tissues. The company's contribution margin ratio is 77%. Fixed expenses are $240,400. To achieve a
sladkih [1.3K]

To achieve a target profit of $930,000, Softies' sales must be $1,520,000.

<h3>What is target profit?</h3>
  • Target profit is the amount of profit that a company's managers anticipate achieving by the conclusion of a specific accounting period.
  • Typically, the target profit is established from the budgeting process and is compared to the actual result in the income statement.
  • If they chose to earn a 20% margin on each sale, they will make a $50 profit on each chair sold.
  • As a result, if the corporation wishes to make $50 per chair and sell the chair for $200, the chair must be manufactured for $150 or less.

To find the target profit of Softie, Inc.:

  • Sales = ($240,400 + $930,000) ÷ 0.77
  • = $1,520,000

Therefore, to achieve a target profit of $930,000, Softies' sales must be $1,520,000.

Know more about target profit here:

brainly.com/question/17061733

#SPJ4

6 0
2 years ago
Suppose a proposed new financial reporting system for the AMF Biotech Corporation must be completed by the start of the next fis
STatiana [176]

Answer:

d. special issues or constraints

Explanation:

Based on the information provided within the question it can be said that this information should be included as part of the special issues or constraints section of the system request. These are issues that need to be handled because they are halting the progress of the company. Such is the case in this scenario since financial reporting system must be completed before the next fiscal year or else they have to shut down production.

5 0
4 years ago
What are some of Meghann Ackerman's favorite parts of her job?
mrs_skeptik [129]

Answer:

Refer below.

Explanation:

Favorite parts are:

The customers (funders) and clients (singular philanthropic staff) are extraordinary to work with. I can be open about being an individual of confidence when suitable. The assortment of my assignments every day.

7 0
4 years ago
Read 2 more answers
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