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3 years ago

What is management report

Business

1 answer:

Sholpan [36]3 years ago

6 0

Answer:

A management report is a collection of data and operational information from various business departments that is presented in an understandable way, allowing managers to make better-informed decisions.

Explanation:

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The Converting Department of Hopkinsville Company had 640 units in work in process at the beginning of the period, which were 70

pav-90 [236]

Answer:

Whole units 14,320

Direct materials equivalent units 13,680

Conversion costs equivalent units 13,332

Explanation:

Calculation to Determine the number of equivalent units of production with respect to direct materials and conversion costs.

Hopkinsville Company Number of Equivalent Units of Production

WHOLE UNITS

Inventory in process, beginning 640

Started and completed 12,960

(13,600-640)

Transferred to Packing Department 13,600

(640+12,960)

Inventory in Process ending 720

Total 14,320

(13,600+720)

DIRECT MATERIALS EQUIVALENT UNITS

Inventory in process, beginning 0

Started and completed 12,960

(13,600-640)

Transferred to Packing Department 12,960

Inventory in Process ending 720

Total 13,680

(12,960+720)

CONVERSION EQUIVALENT UNITS

Inventory in process, beginning 192

[640-(640*70%)]

Started and completed 12,960

(13,600-640)

Transferred to Packing Department 13,152

(192+12,960)

Inventory in Process ending 180

(720*25%)

Total 13,332

(13,152+180)

6 0

3 years ago

What are the uses of shares in raising capital for an entreprise

Alja [10]

Firms can raise the financial capital they need to pay for such projects in four main ways: (1) from early-stage investors; (2) by reinvesting profits; (3) by borrowing through banks or bonds; and (4) by selling stock. When owners of a business choose sources of financial capital, they also choose how to pay for them.

ummmm I ain't sure if this is the answer you need please read properly before you write

8 0

3 years ago

Marcia buys a $3,000 high-definition plasma television for her home on credit extended by the seller, current city. current city

Alik [6]

That city has purchase money security interest.
purchase money security interest refers to a type of claiming rights that enables lender to make acquistion towards a certain asset in higher priority than other creditors. This type of rights is really important to secure the lender's profit in case the borrowers fail to return the credit (or went bankrupt)

4 0

3 years ago

Thomas Martin receives an hourly wage rate of $40, with time and a half for all hours worked in excess of 40 hours during a week

Svetllana [295]

Answer:

$2,080

Explanation:

Earnings at regular rate (40 x 40) $1,600

Earnings at overtime rate

( 8(40 x 1.5))

=8×60

= $480

Hence:

$1,600 + $480 = $2,080

Therefore the gross pay for Martin will be $2,080

8 0

3 years ago

On December 31, 2017, Extreme Fitness has adjusted balances of $870,000 in Accounts Receivable and $69,000 in Allowance for Doub

kondaur [170]

Answer: The amount the company would report as its net accounts receivable at 31 December 2017 is $801,000.

Explanation: Net accounts receivable is the recoverable amount of receivable after considering the amount that is deemed to be uncollectible. It is accounts receivable balance minus the allowance for doubtful accounts.

In the instance of this question, the net accounts receivable was initially $801,000 ($870,000 - $69,000). Now that management approved a write-off of $17,000, the implication is that the write-off would hit allowance for doubtful account (since there is a buffer in that account instead of bad debt expense), and the necessary accounting entries to be recorded would be: Debit Allowance for doubtful accounts $17,000; Credit Accounts Receivable $17,000. With these entries, both accounts receivable and the allowance for doubtful accounts would be reduced by the same account. Consequently, the net accounts receivable remains the same but the individual balances in accounts receivable and allowance for doubtful account would now be $853,000 ($870,000 - $17,000) and $52,000 ($69,000 - $17,000).

5 0

3 years ago

What is management report​

What is management report