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3 years ago

Subjective Questions

Business

1 answer:

miv72 [106K]3 years ago

6 0

Answer:

2.look at explanation.

Explanation:

2.Profession refers to type of a job that needs special training or skill after getting certain knowledge related to particular Sector

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Raw materials inventory, beginning$1,200 Raw materials inventory, ending1,400 Work in process inventory, beginning7,100 Work in

Tanzania [10]

Answer:

76,800

Explanation:

Given that,

Raw materials inventory, beginning = $1,200

Raw materials inventory, ending = 1,400

Work in process inventory, beginning = 7,100

Work in process inventory, ending = 6,800

Raw materials acquired = 27,800

Cost of direct materials used in production = 27,600

Sales commissions to sell clackers = 2,100

Direct labor cost = 20,000

Total manufacturing overhead = 28,900

Cost of goods manufactured is determined the overall value of goods produced during a particular year and it is ready for sale. It includes all of the expenses that are incurred to convert the inventory in process into finished goods.

Cost of goods manufactured in June:

= Cost of direct material used in production + Direct Labor cost + Manufacturing Overhead + (Beginning work in process - Ending work in process Ending)

= 27,600 + 20,000 + 28,900 + (7,100 - 6,800)

= 76,800

8 0

4 years ago

Case X: Compute cash received from customers:

Inessa05 [86]

Answer:

Sahim Company

Case X: Cash received from customers = $508,600

Case Y: Cash paid for rent = $141,400

Case Z: Cash paid for merchandise = $481,500

Explanation:

a) Data and Calculations:

Case X: Compute cash received from customers:

Sales $ 515,000

Accounts receivable, December 31, 2013 27,200

Accounts receivable, December 31, 2014 33,600

Case Y: Compute cash paid for rent:

Rent expense $ 139,800

Rent payable, December 31, 2013 7,800

Rent payable, December 31, 2014 6,200

Case Z: Compute cash paid for merchandise:

Cost of goods sold $ 525,000

Merchandise inventory, December 31, 2013 158,600

Accounts payable, December 31, 2013 66,700

Merchandise inventory, December 31, 2014 130,400

Accounts payable, December 31, 2014 82,000

Case X: Cash received from customers:

Accounts receivable

Account Titles Debit Credit

Sales $ 515,000

December 31, 2013 27,200

December 31, 2014 $33,600

Cash received 508,600

Case Y: Cash paid for rent:

Rent Payable

Account Titles Debit Credit

Rent expense $ 139,800

December 31, 2013 7,800

December 31, 2014 $6,200

Cash paid 141,400

Case Z: Cash paid for merchandise:

Cost of goods sold $ 525,000

Merchandise inventory, December 31, 2014 130,400

Merchandise inventory, December 31, 2013 (158,600)

Purchases during 2014 $ 496,800

Accounts payable

Account Titles Debit Credit

December 31, 2013 $66,700

Purchases during 2014 496,800

December 31, 2014 $82,000

Cash paid for merchandise 481,500

3 0

3 years ago

Under a perpetual inventory system, a.a physical count is required to determine cost of merchandise on hand b.the purchases retu

agasfer [191]

Answer:

d.accounting records continuously disclose the amount of inventory

Explanation:

Under the perpetual inventory system, an entity continually updates its inventory records to account for additions to and subtractions from inventory for such activities as:

Received inventory items

Goods sold from stock

Items moved from one location to another

Items picked from inventory for use in the production process

Items scrapped

4 0

4 years ago

Neon Light Company of Kansas City ships lamps and lighting appliances throughout the country. Ms. Neon has determined that throu

Airida [17]

Answer:

a. Cash freed up by cash management:

= Amount received * speed increased by + Amount disbursed by speed reduced by

= 2,550,000 * 2 days + 1,110,000 * 1/2 days

= 5,100,000 + 555,000

= $‭5,655,000‬

b. Interest on freed up cash:

= ‭5,655,000‬ * 7%

= $‭395,850‬

c.<u> No.</u> It is less than the income earned from interest from freed up cash so it should not be implemented as it brings no additional benefit.

4 0

3 years ago

The upper management of Barcelona Restaurant Group believes that success depends on employees who are self-starters and empowere

Sonja [21]

Answer:

Constructive Conflict and Coordination

Explanation:

The Mary Parker Folett's Principle of Constructive Conflict and Coordination is a based on the belief that there are benefits in conflicts only when dealt with constructively. Conflict is described as the difference of interests and opinions and the appearance of same.

The Constructive Conflict Coordination principle advocates the school of thought that employees should be allowed to be self starters whose conflicting situations are treated constructively. Furthermore, management should basically serve as a tool for coordinating activities and actions rather than controlling and demanding adherence.

This traits allow the employees to willingly do their jobs and also develop a high level of confidence at thier jobs as well.

5 0

3 years ago