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Margarita [4]
2 years ago
12

An emergency fund should NOT be used for...

Business
1 answer:
nadya68 [22]2 years ago
5 0

Answer:

An emergency fund should not be used for buying things you wan't, but an emergency fund should be used for buying the nessecities like things you need

Explanation:

Hope this helps!!! ✌

(if this did not help, please let me know)

You might be interested in
Real Cool produces two different models of air conditioners. The company produces the mechanical systems in their components dep
brilliants [131]

Answer:

1. Plantwide Overhead Rate $ 220.06 per machine hour

Total Cost per Unit= Model 145 $ 555.96 per unit

Total cost per unit = Model 212 $ 616.94 per unit

Profit (loss)    Model 145  219.04

Loss Model 212  (26.94)

Explanation:

Real Cool

<u>Process Activity               Overhead Cost         Driver         Quantity</u>

<u><em>Components </em></u>

Changeover                      $452,000    Number of batches    750

Machining                             300,200        Machine hours      7,640

<u>Setups                                229,000        Number of setups      40</u>

                                          $981,200

<u><em>Finishing</em></u>  

Welding                         $180,100            Welding hours         3,600

Inspecting                     231,000       Number of inspections    850

<u>Rework                         81,250              Rework orders             210</u>

                                   $472,350

<u><em>Support </em></u>

Purchasing                $136,500           Purchase orders           480

Providing space          30,300          Number of units          4,500

<u>Providing utilities        50,910            Number of units          4,500</u>

                                  $227,710

Additional production information concerning its two product lines follows.

                                        Model 145           Model 212

Units produced                   1,500                  3,000

Welding hours                    1,400                   2,200

Batches                                 375                       375

Number of inspections          610                       340

Machine hours                       2,290                    6,350

Setups                                      20                             20

Rework orders                         80                             130

Purchase orders                    320                            160

We find the plantwide overhead rate by dividing the total overhead with the total machine hours.

1. Plantwide Overhead Rate= Total Factory Overhead/ Total Machine Hours

Plantwide Overhead Rate= $981,200+ $472,350+$227,710/7640

                                       = 1681260/7640= $ 220.06 per machine hour

We multiply the machine hours of each model to get the overhead .

2.  Cost of Model 145

Materials and Labor  = $220 *1500= $330,000

Overhead = $220.06 *2290= $503,937.4

Total Cost = $83,3937.4

Total Cost per Unit= $83,3937.4/1500= $ 555.96 per unit

Cost Of Model 212

Materials and Labor  = $150 *3000= $ 450,000

Overhead = $220.06 *6350= $ 1400,810

Total Cost = $ 1850810

Total cost per unit = $ 1850810/ 3000= $ 616.94 per unit

We find the profit or loss by subtracting the mfg cost from the market value.

3.                                        Model 145          Model 212

Market Price                     $775                     $590

<u>Manufacturing Cost          ($555.96)               ($616.94)</u>

<u>Profit (loss)                          219.04                      (26.94)</u>

6 0
3 years ago
Windsor, Inc. just took its physical inventory. The count of inventory items on hand at the company’s business locations resulte
svp [43]

Answer:

Actual Inventory $ 343640

Explanation:

FOB Shipping point means as soon as the goods are sold they are the buyer's property and must be excluded from the inventory.

FOB destination means that the goods are the seller's property and responsibility unless the goods reach the destination. They are included in the seller inventory unless the buyer gets them.

Inventory sent on consignment is also counted in the cosigner's inventory.

The inventory costing $20,800 that was sold on December 28, terms FOB shipping point will not be included in the seller's inventory. They are now the buyer's responsibility.

Windsor, Inc

Inventory Stock Count on 31 Dec   $301,000

Add inventory sent on consignment $29,120

Add Inventory purchased FOB shipping  $13,520

Actual Inventory $ 343640

8 0
2 years ago
In its first year of operations, Grace Company reports the following:
ANEK [815]

Answer:

D) $25,000.

Explanation:

The Accrual Basis of Accounting is the process in which income earned or expenses incurred are recorded at the time the transaction takes place, whether or not the cash has been exchanged.

Net Income is derived by subtracting Expenses from Revenue.

N.B. Prepaid Expenses are Advance Payments towards expenses and are a Balance Sheet Items and will not be recorded under Net Income Calculations until the Expenses are realized.

So, The Net Income can be calculated as follows;

Revenue $60,000

Less: Expenses $35,000

Net Income $25,000

Hence Option D will be correct answer.

#NETINCOME

#PREPAIDEXPENSES

#ACCRUALBASISOFACCOUNTING

5 0
3 years ago
Cyclical unemployment is
Andre45 [30]
Cyclical unemployment is a factor of overall unemployment that relates to the cyclical trends in growth and production that occur within the business cycle.


5 0
3 years ago
If taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are:
lys-0071 [83]

Answer:

Recognized as revenues in the debt service fund.

Explanation:

Debt Service fund is a term that is used to describes a form of cash reserve utilized in the payment of interest and principal on specific kinds of debt for a given period. For example, bond premiums are commonly imposed by state law to be moved to debt service funds.

Hence, If taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are: Recognized as revenues in the debt service fund.

8 0
3 years ago
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