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atroni [7]
2 years ago
15

The following information is available for Carter Corporation: Materials inventory decreased $4,000. Materials inventory on Dece

mber 31 was 50% of materials inventory on January 1. Beginning work in process inventory was $145,000. Ending finished goods inventory was $65,000. Purchases of direct materials were $154,700. Direct materials used were 2.5 times the cost of direct labor. Total manufacturing costs incurred were $246,400, which is 80% of cost of goods manufactured and $156,000 less than cost of goods sold. Note to students: The answers are not necessarily calculated in alphabetical order. a. Compute finished goods inventory on January 1.
Business
1 answer:
svetlana [45]2 years ago
6 0

Answer: $159,400

Explanation:

Finished goods inventory on January 1 is:

= Cost of goods sold + Ending finished goods inventory - Cost of goods manufactured

Cost of goods sold = Manufacturing cost + 156,000

= 246,400 + 156,000

= $402,400

Cost of goods manufactured = Manufacturing costs / 80%

= 246,400 / 80%

= $308,000

Finished goods inventory = 402,400 + 65,000 - 308,000

= $159,400

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Coastwed is a company that sells traditional wedding accessories in the country Calpontus. Over the past 10 years, the company h
geniusboy [140]

Answer: Socio-cultural component

Explanation:

The socio-culture component is one of the type of system in an organization that helps in embraces the various types of culture and the society concept.

The socio-culture components basically helps in constructing the holistic approach for managing the social structure, education system and the political organization.

According to the given question, the coast-west is one of the company which basically selling the various types of weeding accessories and based on the given scenario the Socio-culture component is one of the best effect that illustrating the given situation.  

 Therefore, Socio-cultural component is the correct answer.      

4 0
2 years ago
Mark the boxes that are TRUE. 1. One of the largest divestitures in American history occurred when the U.S. Government ruled tha
Umnica [9.8K]

Answer:

1. One of the largest divestitures in American history occurred when the U.S. Government ruled that the AT & T ® Corporation was a monopoly that must be divided so that the telephone market might be more competitive.

<em>TRUE</em>

<em>In 1982, U.S. regulators broke up the AT&T monopoly, requiring AT&T to divest its regional subsidiaries and turning them each into individual companies. From that point AT&T as a result of this breakup, faced competition from new competitors such as MCI and Sprint. </em>

Explanation:

1. One of the largest divestitures in American history occurred when the U.S. Government ruled that the AT & T ® Corporation was a monopoly that must be divided so that the telephone market might be more competitive.

<em>TRUE</em>

<em>In 1982, U.S. regulators broke up the AT&T monopoly, requiring AT&T to divest its regional subsidiaries and turning them each into individual companies. From that point AT&T as a result of this breakup, faced competition from new competitors such as MCI and Sprint. </em>

2. The Federal Aviation Administration regulates the airlines.

<em>TRUE</em>

<em>The Federal Aviation Administration (FAA) is the regulatory arm of the government of the United States which controls all aspects of civil aviation.</em>

<em />

3. The Federal Newspaper Association regulates the free speech in newspapers.

<em>FALSE</em>

<em>It is the Federal Communications Commission</em>

<em />

4. The Securities and Exchange Commission regulates the stock market.

<em>TRUE</em>

<em>The U.S. Securities and Exchange Commission (SEC) is a government agency responsible for overseeing and regulating investments in shares, and maintain fair and orderly functioning of the securities markets.</em>

5. The Federal Reserve Board regulates the postal system.

<em>FALSE</em>

<em>The Federal Reserve Board governs the Federal Reserve System and the U.S. central bank in charge of making the country's monetary policy.</em>

6. The Interstate Commerce Commission polices monopolistic practices.

<em>FALSE</em>

<em>Interstate Commerce Commission (ICC), was charged with regulating the services of specified carriers engaged in transportation between states. </em>

<em />

7. The Federal Reserve Housing regulates the housing prices in America.

False

That would have been the United States Housing Authority

8 0
2 years ago
The supply chain contract that involves full refund for returned items as long as the quantity is below an agreed-upon threshold
Fudgin [204]

Answer:

B. False

Explanation:

This is false, as sales rebate is a different concept. The named contract is a <em>quantity  flexibility contract</em>. Rebate is the discount which a buyer receives when buying a larger amount of goods. Rebate is determined by the contribution margin, as it has to be maintained to remain feasible for the seller.

7 0
2 years ago
Coburn (beginning capital, $55,000) and Webb (beginning capital $95,000) are partners. During 2017, the partnership earned net i
STALIN [3.7K]

Answer:

Given that,

Beginning capital of Coburn = $55,000

Beginning capital of Webb = $95,000

Partnership earned net income = $71,000

Coburn made drawings = $17,000

Webb made drawings = $25,000

Income-sharing ratio = 30:70

Coburn's share in profits = Net income earned × 30%

                                          = $71,000 × 0.3

                                          = $21,300

Webb's share in profits = Net income earned × 30%

                                       = $71,000 × 0.7

                                       = $49,700

Therefore, the journal entry is as follows:

Profit and loss A/c  Dr. $71,000

          To Coburn's capital A/c      $21,300

           To Webb's capital A/c        $49,700

(To record the allocation of net income)

6 0
2 years ago
In the 1990s politicians in Washington D.C. were looking for ways to balance the budget. Former Federal Reserve Chairman Alan Gr
Hitman42 [59]

Answer:

Explanation:

If the Boskin Commission's estimate was right and consumer price index overstated inflation by 1.1% every year, this is what we can derive about REAL GDP PER CAPITA and GENERAL LIVING STANDARDS IN THE UNITED STATES:

(A) Real Gross Domestic Product per Capita is the total (gross) production per head or per person (per capita) within (domestic) an economy; after accounting or adjusting for inflation. Before adjusting for inflation, we have the Nominal GDP. So the term "real" shows that the value has accounted for inflation. If inflation is positive in the economy, then Real GDP figure will be less than Nominal GDP figure. I hope you understand this background information.

So if consumer price index is overstating inflation, real GDP per capita will be higher than it is perceived/calculated to be, in those years

(B) The general standard of living (which is affected by consumer price index) would also be higher than perceived or calculated.

Note here that the 'general' standard of living is a measure that sums up living standard 'per capita'.

4 0
2 years ago
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