1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksklad [387]
3 years ago
7

Marigold Corp.'s accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $3200

00 $260000 Work in process inventory 300000 160000 Finished goods inventory 190000 150000 During 2017, $830000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. The total raw materials available for use during 2017 for Marigold Corp. is
Business
1 answer:
nataly862011 [7]3 years ago
5 0

Answer:

Raw material available for use= $1,150,000

Explanation:

Giving the following information:

Beginning Raw materials inventory=  $320,000

Raw material purchased= $830,000

<u>To calculate the raw material available for use, we need to use the following formula:</u>

Raw material available for use= Beginning Raw materials inventory + Raw material purchased

Raw material available for use= 320,000 + 830,000

Raw material available for use= $1,150,000

You might be interested in
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 37,000 shares authorized, 19,2
kipiarov [429]

Answer:

E. Debit Retained Earnings $7,400; credit Common Dividends Payable $7,400.

Explanation:

The Journal entry is shown below:-

Retained earnings Dr, $7,400 (14,800 × $0.50)

             To Common dividend Payable $7,400

(Being dividend declaration is recorded)

Here to record the dividend declaration we simply debited the retained earnings as it decreased the stockholder equity and credited the common dividends payable as it increased the liability

So the correct option is D.

4 0
3 years ago
scott is the chief human resource officer (CHRO) of MarkIt Inc.. In performing the tasks of aligning the HR activities with the
Crank

Answer:

leader of the HR function

Explanation:

HRM stands for Human Resource Management. It is a department in any business organization which looks after hiring, training and managing the employees of the organization.

It also deals with the issues of the employees that they face in the organization.

In the context, Scott who is the CHRO, i.e. the chief human resource officer of the organization named Marklt Inc. performs the tasks of the management and alignment of all the HR activities that is with the need of the business. In such a way, Scott is performing the role of the leader of the HR function.  

As a leader of the HR, Scott is ensuring that Marklt Inc. has the right people in the organization working to their best.

5 0
3 years ago
The next dividend payment by Grenier, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of
SOVA2 [1]

Answer:

Required rate of return = 10.75%

Explanation:

<em>The value of a stock using the dividend valuation model, is the present value of the expected future dividends discounted at the required rate of return. The required rate of return is the cost of equity </em>

The model is represented below:

P = D× (1+g)/ ke- g

Ke- cost of equity, g - growth rate, p - price of the stock

This model can used to work out the cost of equity, as follows:

Ke = D× (1+g)/p + g

Ke = (1.48× 1.05)/27   + 0.05

Ke= 0.107555556

Required return =  0.1075  × 100 = 10.75

Required rate of return = 10.75%

5 0
3 years ago
What power has social media granted companies that they had never had before
VashaNatasha [74]
The social media have a lot of benefits to offer to companies, these benefits can not be derived from anywhere else. One of the benefits that businesses gain from social media is the opportunity to market and advertise their products, making their products known to people all over the world. Social media has made it possible for local companies to be known globally, thus increasing their status and profits. <span />
6 0
3 years ago
Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct labor costs $ 5,870,000
Elenna [48]

Answer:

$2.80 per chair

$2.25 per table

Explanation:

If cost is assigned at a rate based on direct labor hours, the total disposal cost for chairs and tables is, respectively:

D_c=\frac{254,000}{16,400+254,000}*\$630,000=\$591,789.94\\D_t=\frac{16,400}{16,400+254,000}*\$630,000=\$38,210.06\\

The respective disposal cost per unit is:

C = \frac{\$591,789.94}{211,000}=\$2.80/chair\\ T=\frac{\$38,210.06}{17,000}=\$2.25/ table

5 0
3 years ago
Read 2 more answers
Other questions:
  • At Children's Hospital in Denver, good attendance is encouraged by recognizing staff members who have not missed work in the pre
    8·1 answer
  • Suppose two companies attempt to merge, and they operate in an industry where the postmerger Herfindahl-Hirschman index is 2,900
    15·2 answers
  • A perpetuity of $6,000 per year beginning one year from today is said to offer a 15% interest rate. What is its present value? g
    10·1 answer
  • The money multiplier equalsa.1/(1 R), where R represents the quantity of reserves in the economy. b.1/(1 R), where R represents
    15·1 answer
  • Suppose we have a 2-person world, with only Stephen and his friend LeBron. Suppose that Stephen can move 70 boxes or bake 28 coo
    10·1 answer
  • PLEAS HELP!!!!!!!! I NEED ANSWERS ASAP!!!!!​
    14·1 answer
  • Do you imagine yourself becoming an entrepreneurship and managing your business in the future?
    15·2 answers
  • Why do we have to pay
    13·1 answer
  • The top management of hipster clothing decides to set up an online store to cater to the changing business environment and reach
    12·1 answer
  • Gains and losses that have not been realized through sales of the related investment are also referred to as:________
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!