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Which of the following statements are TRUE about credit scores?

Elina [12.6K]

They affect your life

3 0

4 years ago

Read 2 more answers

Lopez Corporation incurred the following costs while manufacturing its product.

Delicious77 [7]

Answer:

Cost of goods manufactured= $350,700

Cost of goods sold= $372,000

Explanation:

The cost of goods manufactured can be calculated as follows

= Direct materials utilized + factory supplies utilized + direct labor + depreciation on plants + property taxes on plant + work in process. January 1 - work in process December 31

= 129,400 + 27,900 + 114,900 + 63,100 + 19,100 + 13,300 -17,000

= $350,700

The cost of goods sold can be calculated as follows

= finished goods on January 1 + cost of goods manufactured - finished goods on December 31

= 69,700 + 350,700 - 48,400

= $372,000

4 0

3 years ago

Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to c

madam [21]

Answer:

a. Accounts Receivable (Dr.) $93,000

Bonus Receivable (Dr.) $2,325

Service Revenue (Cr.) $95,325

b. Service Revenue (Dr.) $9,300

Bonus receivable (Cr.) $9,300

c. Accounts Receivable (Dr.) $93,775

Bonus Receivable (Dr.) $775

Service Revenue (Cr.) $93,000

d. Cash (Dr.) $29,000

Bonus Receivable (Cr.) $29,000

Explanation:

The contract between Burger Boy and Velocity is for eight months.

Expected value of the contract on 1st month is :

80% * [ $93,000 * 8 months + $31,000 ] + 20% [ $93,000 * 8 months - $31,000] = $762,600

The expected value per month is $762,600 / 8 months = $95,325 per month

Expected value of the contract 5th month with revised probability is :

60% * [ $93,000 * 8 months + $31,000 ] + 40% [ $93,000 * 8 months - $31,000] = $750,200

The expected value per month is $750,200 / 8 months = $93,775 per month.

5 0

3 years ago

The relative location problem deals with the problem of allocating n departments to n locations. Complete enumeration is time-co

Alekssandra [29.7K]

Answer:

TRUE

Explanation:

The topic of relative position deals with the issue of allocating n units to n sites. Comprehensive aggregation takes time because there is a total of n! The method for increasing the flow gap in a network structure by organizing the relative position of divisions is called the series analysis of the processes.

Therefore, the above statement is true.

6 0

3 years ago

Two alternatives, code-named x and y, are under consideration at guyer corporation. costs associated with the alternatives are l

nikdorinn [45]

Answer:

Two alternatives

Costs of alternatives:

The financial disadvantage of alternative y over alternative x is $28,800.

Explanation:

a) Data and Calculations:

Costs of alternatives:

alternative x alternative y

materials costs $ 45,000 $ 65,300

processing costs $ 49,400 $ 49,400

equipment rental $ 18,400 $ 18,400

occupancy costs $ 17,600 $ 26,100

Total costs $ 130,400 $ 159,200

Difference in costs = $28,800

b) The financial disadvantage of alternative y over alternative x is the increased cost incurred with alternative y over alternative x. While the total cost of alternative x is $130,400, alternative y has a total cost of $159,200, which is $28,800 more than the total costs of alternative x. The implication is that alternative y costs more than alternative x, making alternative x is a preferred alternative where cost is the determinant of the chosen option.

3 0

4 years ago

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