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3 years ago

The following events took place at a manufacturing company for the current year:

Business

1 answer:

mr Goodwill [35]3 years ago

3 0

Answer:

The ending Work-in-Process Inventory is:

= $89,600.

Explanation:

a) Data and Calculations:

Purchases of direct materials = $95,900

Materials used (80% of $95,900) $76,720

Direct labor incurred = 56,900

Overhead costs:

Indirect labor incurred = 14,500

Other overhead costs 107,900 122,400

Total production costs $256,020

Cost of goods completed = 166,413

Ending Work in Process = $89,607

Cost of goods completed = $166,413

Cost of goods sold = 85% of $166,413 = $141,451

Ending Finished goods inventory = $24,962

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EEE Corp. reports the following information for the fiscal year. (in $ million) Revenue $7,015 Expenses $3,890 Beginning retaine

Naily [24]

Answer:

See below

Explanation:

First we will compute the ending retained earnings

= Beginning retained earnings $4,615 + Revenue $7,010 - Dividends $500

= $11,125

Then , the total assets of EEE corp. would be

= Capital contributed $820 + Retained earnings $11,125 + liabilities at year end $5,225

= $17,170

4 0

3 years ago

Peel Co. received a cash dividend from a common stock investment. Should Peel report an increase in the investment account if it

Paraphin [41]

Answer:

No, the investment is not increased in any accounting method so it must not be increased.

Explanation:

The reason is that in the cost method, the investment remains the same because the return is treated as income.

In the held for trading, the return received is treated as decrease in the investment because the dividend received decreases the fair value of the investment. Similarly in the equity method the dividend received is treated as cash withdrawal or we can say that dividend received decreases the fair value of the investment.

5 0

4 years ago

List two reasons why someone looking at a career in the Energy cluster might want to focus on new technology, such as energy-eff

-BARSIC- [3]

Answer:

Following are the two reasons for why someone looking at a career in the Energy cluster might want to focus on new technology, such as energy-efficient products or sustainable energy;

Energy efficient technologies are now found in most energy conversion chains. For example from production of primary energy resources to power generations.
Technology helps to improve the conversion of energy better. For example the conversion of wasted energy released in the form of heat.

Following are the two examples of careers that may work with these new energy technologies;

A career in renewable energies which use high end technologies.
A career in generating energy from natural resources like the solar energy from the sun.

7 0

4 years ago

Both Bond Sam and Bond Dave have 7 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has six year

ella [17]

Answer:

a. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Sam and Bond Dave?

Bond Sam's price will change by -9.12%
Bond Dave's price will change by -18.05%

b. If rates were to suddenly fall by 2 percent instead, what would be the percentage change in the price of Bond Sam and Bond Dave?

Bond Sam's price will change by 10.26%
Bond Dave's price will change by 24.35%

Explanation:

9% / 2 = 4.5% semiannual payments

6 years to maturity = 12 payments

present value = future value = 1000

PV of face value = 1,000 / (1 + 4.5%)¹² = $589.66
PV of coupon payments = 35 x 9.11858 (PV annuity factor, 4.5%, 12 periods) = $319.15

new market price = $589.66 + $319.15 = $908.81

if interest increases by 2%, present value (market value) will decrease by $91.19 ⇒ 9.12% decrease

if market interest rates decrease by 2%:

5% / 2 = 2.5% semiannual payments

6 years to maturity = 12 payments

present value = future value = 1000

PV of face value = 1,000 / (1 + 2.5%)¹² = $743.56
PV of coupon payments = 35 x 10.25776 (PV annuity factor, 2.5%, 12 periods) = $359.02

new market price = $743.56 + $359.02 = $1,102.58

if interest decrease by 2%, present value (market value) will increase by $102.58 ⇒ 10.26% increase

9% / 2 = 4.5% semiannual payments

19 years to maturity = 38 payments

present value = future value = 1000

PV of face value = 1,000 / (1 + 4.5%)³⁸ = $187.75
PV of coupon payments = 35 x 18.04999 (PV annuity factor, 4.5%, 38 periods) = $631.75

new market price = $187.75 + $631.75 = $819.50

if interest increases by 2%, present value (market value) will decrease by $180.50 ⇒ 18.05% decrease

if market interest rates decrease by 2%:

5% / 2 = 2.5% semiannual payments

6 years to maturity = 12 payments

present value = future value = 1000

PV of face value = 1,000 / (1 + 2.5%)³⁸ = $391.28
PV of coupon payments = 35 x 24.3486 (PV annuity factor, 2.5%, 38 periods) = $852.20

new market price = $391.28 + $852.20 = $1,243.48

if interest decrease by 2%, present value (market value) will increase by $243.48 ⇒ 24.35% increase

6 0

3 years ago

When signing a lease for a retail space, it's important to make sure the lease has a _______ clause, which releases the tenant f

PtichkaEL [24]

Answer:

Option B (bail-out) is the correct approach.

Explanation:

For something like a variable annuity, a clause states that even though the investment on either the annuity happens to fall underneath a specified amount, the insured person will make additional withdrawal effects through loss.
It eliminates the owner from those in the contract unless the transactions do not exceed a sum negotiated upon.

Some other available choices do not apply to the types of situations in question. So that the argument presented above should be appropriate.

8 0

3 years ago

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