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3 years ago

Information related to Kerber Co. is presented below.

Business

1 answer:

yKpoI14uk [10]3 years ago

7 0

Answer:

Date Account titles & Explanation Debit Credit

Apr-05 Merchandise Inventory $23,000

Accounts Payable $23,000

Apr-06 Merchandise Inventory $900

Cash $900

Apr-07 Equipment $26,000

Accounts Payable $26,000

Apr-08 Accounts Payable $3,000

Merchandise Inventory $3,000

Apr-15 Accounts Payable $20,000

($23,000-$20,000)

Merchandise Inventory $400

($20,000*2%)

Cash $19.600

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Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products A B C

Vitek1552 [10]

Answer:

Bruce Corporation

Minutes of Grinding Machine Time required to satisfy demand for all four products:

Total Grinding Machine Time

Product A = 4.10 minutes * 4,300 demand units = 17,630 minutes

Product B = 5.60 minutes * 4,300 demand units = 24,080 minutes

Product C = 4.60 minutes * 3,300 demand units = 15,180 minutes

Product D = 3.70 minutes * 2,300 demand units = 8,500 minutes

Total = 65,400 minutes

Explanation:

The total minutes of Grinding Machine Time required to satisfy monthly demand for each product is calculated by multiplying the units demanded by the grinding minutes per unit.

This gives total minutes required for each product. Then, when they are summed, the total Grinding Machine Time is obtained.

This total can be compared to the total available minutes per month of 53,900 to obtain the additional minutes required above the minutes available in order to satisfy the products' demands.

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2 years ago

Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: Account Title D

ryzh [129]

Answer:

$45,600

Explanation:

The total assets comprises of current assets, fixed assets and the intangible assets

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

The computation of the current asset is shown below:

= Cash + Accounts receivable + Prepaid insurance

= $23,000 + $16,000 + $6,600

= $45,600

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3 years ago

Shelly has a business that requires her to take out a loan to finance short-term working capital needs since she extends credit

OLEGan [10]

Answer:

Revolving loan

Explanation:

A revolving loan can be described as a loan that has a fixed monthly repayment. The interest rate that will be paid depends on the individual previous credit score and well as how well the individual can afford it.

The revolving loan provides access to a rolling credit facility, it enables the individual to borrow some amount of money again which could be up to your original loan amount, as long as a certain percentage of the loan has been repaid.

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3 years ago

What is the condition for profit maximization for a pure competitive firm?

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Sometimes the use of old technology in sales is more effective than new technology. Group of answer choices True False

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True

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