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3 years ago

Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.

Business

1 answer:

Deffense [45]3 years ago

6 0

Answer:

$727,000

Explanation:

Calculation of cash paid for merchandise

Cost of goods sold

$735,000

Add:

Merchandise inventory, December 31

$82,400

Less:

Merchandise inventory, January 1

($84,700)

Purchases during the period

$732,700

Add:

Accounts payable, January 1

$54,500

Less:

Accounts payable, December 31

($60,200)

Cash paid for merchandise

$727,000

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Which characteristic is not reflective of a successful entrepreneur?

kicyunya [14]

Answer:

a.) Self-conscious

Explanation:

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2 years ago

The following information pertains to Alpha Computing at the end of 2015:

vlada-n [284]

Answer:

Dividens paid in 2015: $85.000

Explanation:

TOTAL ASSETS 972.500

TOTAL LIABILITIES 450.000

Common Stock $ 370.000

Retained Earnings $ 152.500

TOTAL EQUITY $ 522.500

Retained Earnings Report

Opening retained earnings $ 0

Add: Net Income $ 237.500

Subtotal $ 237.500

Less: Dividens -$ 85.000

Total $ 152.500

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3 years ago

Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard de

horrorfan [7]

Answer:

0.43

Explanation:

The computation of the weight of Security A for the minimum variance portfolio is shown below:

Weight of security A is

= (Standard deviation of Security B) ÷ (Sum of the standard deviation of securities)

= (12%) ÷ (16% + 12%)

= (12%) ÷ (28%)

= 0.43

We simply applied the above formula so that the weight of Security A

4 0

3 years ago

Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that

FinnZ [79.3K]

Answer:

1.Total Equivalent Units Materials 471,600 Conversion 464,400

2. Cost Per Equivalent Unit Materials $ 1.33 Conversion $ 0.75

3. Cost of Ending Work In Process $ 39528

4. Cost Of Units Transferred Out = $ 936,000

5. Cost Materials $ 627 228 and Conversion $348,300

Explanation:

Builder Products, Inc.,

Weighted-Average Method

1. Equivalent Units

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Transferred Out 450000 100 100 450,000 450,000

Ending WIP 36000 60 40 21,600 14,400

Total Equivalent Units 471,600 464,400

Transferred Out units are calculated by adding Opening Inventory and production started and subtracting ending inventory units.

Transferred Out units = Opening Inventory+ production started -ending inventory units

Transferred Out units =76,000 + 410,00 - 36000= 450000 units.

2. Cost Per Equivalent Units

Materials Conversion

Cost Of Opening Inventory 117,900 53600

Cost Added 613,080 294,700

Total Costs 624,980 348,300

Equivalent Units 471,600 464,400

Cost per Equivalent Unit 624980/471600 348300/464400

$ 1.33 $ 0.75

3. Cost of Ending Work In Process $ 39528

Materials = 21600 * $ 1.33= $ 28728

Conversion = 14400 * $ 0.75= $10800

We multiply the equivalent number of units with the cost per unit to find the cost.

4. Cost Of Units Transferred Out = $ 936,000

Materials = 450 000 * $ 1.33= $ 598,500

Conversion = 450000 * $ 0.75 = $ 337,500

5. A Cost Reconciliation Report

Materials Conversion

Ending WIP $ 28728 $10800

Transferred Out $ 598,500 $ 337,500

Total  627 228** 348,300

These calculated costs reconcile with the costs given in the above data.

Materials Conversion

Cost Of Opening Inventory 117,900 53600

Cost Added 613,080 294,700

Total Costs 624,980** 348,300

The difference is in the cost of materials which is actually 624,980** and we found it out to be   627 228** . This is because we rounded the Cost per Equivalent Unit of material from $ 1.325 to $1.33

If we multiply 1.325 * 471,600 we get $ 624870 which is almost the same.

5 0

3 years ago

Phishing:_______

grandymaker [24]

Answer:

Explanation:

Phishing is a type of deception in which an intruder disguises himself in email or other means of communication as a reputable individual or person. Attackers would normally use phishing e-mails to spread a range of malicious links or attachments. Some people will gather login credentials or victims' account details.

So as per above definition only option A seems the correct alternative among al the other option when discussing about Phishing.

A con executed using technology, typically targeted at acquiring sensitive information, or tricking someone into installing malicious software.

7 0

2 years ago