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marta [7]
2 years ago
9

May 31, Novac Corp. Has net sales of $415,000 in cost of goods available for sale of $286,000 compute the estimated cost of the

ending inventory assuming the gross profit rate is 37%
Business
1 answer:
BabaBlast [244]2 years ago
5 0

Answer:

$24,550

Explanation:

Computation for the estimated cost of the ending inventory

Net Sales = $415,000

Gross Profit rate= 37%

Cost of goods Sold = 100%- 37% = 63%

Cost of Goods Sold =$415,000*63% = $261,450

Cost of Goods Available for sale = $286,000

Using this formula

Estimated Cost of Ending Inventory= Cost of goods available for sale - Cost of Goods Sold

Let plug in the formula

Estimated Cost of Ending Inventory = $286,000-$261,450

Estimated Cost of Ending Inventory = $24,550

Therefore the estimated cost of the ending inventory is $24,550

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Which of the following defenses can an alleged infringer use to prove that the patent is invalid? Group of answer choices The in
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The invention has produced unexpected results
6 0
2 years ago
A Systematic Approach to Long-Term Capacity Planning - Purple Swift manufactures birdhouses in lots of 10. Each birdhouse takes
alekssr [168]

Answer:

3.4%

Explanation:

The computation of the  Purple Swift’s paint capacity cushion is shown below:

Time to paint 10 birdhouses (45 × 10 ÷ 60) 7.5 hours

Changeover time  1 hours

Total Operations time per lot (7.5 + 1) 8.5 hours

Hours available per year (8 × 220)   1760  

Capacity (number of lots each year) (1760 ÷ 8.5) 207.06  

Capacity (number of birdhouses each year) =207.06*10 2070.6  

Actual Production given 2000  

Utilization (2000 ÷ 2070.6) 96.6%  

Capacity cushion = 100% - Utilization

= 100% - 96.6%

= 3.4%

5 0
2 years ago
Assume that microbrewery beer is a normal good. Prices of microbrewery beer have risen steadily in recent years. Over this same​
Shkiper50 [21]

Answer:

The correct answer is option D.

Explanation:

Microbrewery beer is a normal good. Its prices have increased recently in recent years. The prices for fermenting vats used in beer have also risen and the consumer income has fallen.  

Since beer is a normal good an increase in its price and decrease in the consumer income will decrease its demand. As a result, the demand curve will move to the left, decreasing the price of the product.  

At the same time, the increase in the price of fermenting vats will increase the cost of producing beer. This will cause the supply of beer to decrease.  

This will cause the supply curve to shift to the left. If the leftward shift in the supply curve is more than the leftward shift in demand, the price of beer will increase.

4 0
2 years ago
Since Henry Ford first adapted the conveyor belts of grain factories to create an assembly line, there have been several modific
borishaifa [10]

Four new manufacturing processes include 3D printing, smart factory, IIoT, and virtual reality, these technologies have a positive impact in diverse sectors and are used for manufacturing

During the last years, the development of technology has produced different objects such as smart appliances, smartphones, smart cars that have changed people's lives.

These technological improvements have also revolutionized the way of manufacturing different objects because they have improved the design, production, and marketing processes of the products. Several developments that have contributed to the industry are:

3D printing: It is a development that allows manufacturing objects or parts in different materials derived from petroleum.

  • This technological advance affects the parts manufacturing sector in different ways
  • In a toy factory, this development allows creating the parts of the toys much easier and more efficient

Smart factory: It is a technological development that allows improving the manufacture of objects through the use of digitized and connected machines to improve the production process.

  • This technological advance affects all manufacturing subsectors because it integrates all processes.
  • In a car factory, this development allows the assembly of a car to be done automatically and efficiently

Industrial internet of things (IIoT): It is a technological development that allows improving the manufacture of objects through the use of digital devices that work with artificial intelligence that perform a process and also analyze data to make productivity improvements.

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  • In a food factory, this development allows production, packaging, sealing, and other processes to be carried out completely in the best way.

Virtual reality: It is a technological development that allows improving the manufacture of objects through the use of simulations that allows us to know previously how the performance of an object will be.

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Learn more in: brainly.com/question/15689921

4 0
2 years ago
Totz Company produces jump ropes. Totz Company has the following sales projections for the upcoming​ year:First quarter budgeted
LenKa [72]

Answer:

Production budget for First quarter= 16,500 units

Explanation:

<em>The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories. </em>

Production = Sales volume + closing inventory - opening inventory

Closing inventory = 20% × second quarter sales

                           = 20% × 20,000 = 4,000 units

<em />

<em>Production budget for the first quarter</em>

=17,000 + 4000 -4500

= 16,500 units

8 0
3 years ago
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