Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The company expects to sell 520 units in May and 650 units in June. Beginning and ending finished goods for May is expected to be 180 and 145 units, respectively. June’s ending finished goods are expected to be 155 units. Each unit requires 3 wheels at a cost of $22 per wheel. Becker requires 20 percent of next month’s material production needs on hand each month. July’s production units are expected to be 620 units.
May:
Sales= 520*3= 1,560
Ending inventory= 145* 3 + (650*3*0.20)= 825
Beginning inventory= 180*3= (540)
Total= 1,845 wheels
Total cost= 1,845*22= $40,590
June=
Sales= 650*3= 1,950
Ending inventory= (155*3) + (620*3*0.20)= 837
Beginning inventory= (825)
Total= 1,962
Total cost= 1,962*22= $43,164
Answer:
$15,000,000
Explanation:
The local government comes under the control of state directly. The amount received from local government should be reported in state's investment trust fund.
Answer:
book value = $35.64
so correct option is b. $35.64
Explanation:
given data
no of shares = 975 shares
preferred stock outstanding = $50
preferred stock = $64 per share
common stock outstanding = 11,000 shares
total value equity = $440,800
to find out
book value per common share
solution
we get here book value per common share that is express as
book value = ( Total value equity - Preferred Stock Book Value) ÷ Common Stock Outstanding ...................1
put here value we get
here Preferred Stock Book Value = no of shares × preferred stock outstanding
Preferred Stock Book Value = 975 × 50 = $48750
so book value will be
book value = 
book value = $35.64
so correct option is b. $35.64
Answer:
b.$296,500.
Explanation:
Calculation to determine what Greene should report as unamortized bond discount
First step is to calculate the discount amount
Discount Amount= ($5,000,000 × .09) - ($4,685,000 × .10)
Discount Amount= $18,500
Now let determine the unamortized bond discount
Unamortized bond discount=$315,000 - $18,500 Unamortized bond discount= $296,500
Therefore Greene should report unamortized bond discount of $296,500
Answer:
<u>Break Even point </u>Q = 500000
<u>Shut Down Point </u> P < 5
Explanation:
<u>Break Even point</u> is where Total Revenue = Total Cost.
Total cost = 500000 + 5Q, price = 6 (Given) , Total revenue = Price x quantity
So, TR = TC implies : 500000 + 5Q = 6Q → 500000 = 6Q - 5Q
Q = 500000
<u>Shut Down Point </u>is where firm's Price is < its Average Variable Cost .
AVC is the variable cost on per unit output, is found out by average of variable component of cost function. C = 500000 + 5Q implies variable cost = 5Q , so AVC = 5Q / Q = 5
So, the firm would shut down if its price would go below AVC , ie if P < 5
