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
Semmy [17]
3 years ago
5

Selected accounts with a credit amount omitted are as follows: Work in Process Apr. 1 Balance 7,500 Apr. 30 Goods finished X 30

Direct materials 60,000 30 Direct labor 191,000 30 Factory overhead 57,300 Finished Goods Apr. 1 Balance 13,500 30 Goods finished 307,300 What was the balance of Work in Process as of April 30? a.$307,300 b.$13,500 c.$57,300 d.$8,500
Business
1 answer:
lozanna [386]3 years ago
8 0

Answer:

the balance in work in process in april 30 is $8,200

Explanation:

The computation of the balance in work in process in april 30 is as follows:

Balance of Work in Process as of April 30 is

= Apr 1 Balance + Direct material + direct labor + overhead - goods finished

= $7,500 + $60,000 + $191,000 + $57,000 - $307,300

= $8,200

Hence, the balance in work in process in april 30 is $8,200

This is the answer but the same is not provided in the given options

You might be interested in
The owner of a condominium hired a cleaning and junk removal service to clean his condominium after he moved. The parties agreed
Nataliya [291]

Answer:

Condominium Cleaning

The creditor is entitled to recover:

= $1,350.

Explanation:

a) Data and Calculations:

Contract price agreed between condominium cleaner and owner = $1,500

Cost of cleaning the oven that was not done by the cleaner = $150

Creditor's claim from the contract price = Contract price minus cost of cleaning the oven

= $1,350 ($1,500 - $150)

b) This means that the creditor will recover less than the contract price because of the oven that was left uncleaned.  Since the cost of hiring a substitute to clean the oven is $150, this amount will be deducted from the contract price, and then, the creditor can recover the balance.

5 0
3 years ago
The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called:
olganol [36]

The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.

<h3>What is optimal-wage theory?</h3>

Optimal efficiency wage is one that that do occur when marginal cost of an increase in wages can be attributed to the marginal benefit associated to productivity.

Hence, idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.

Learn more about optimal-wage theory at:

brainly.com/question/11555274

#SPJ1

8 0
2 years ago
In a perfectly competitive market, a. every seller tries to undercut the prices charged by its rivals. b. every seller takes the
Shkiper50 [21]

In a perfectly competitive market, every seller takes the price of its product as set by market conditions.

<h3>What is a Perfect Competitive Market?</h3>

Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information and no transaction costs. There are a large number of producers and consumers competing with one another in this kind of environment.

Perfect competition is a market structure where many firms offer a homogeneous product. Because there is freedom of entry and exit and perfect information, firms will make normal profits and prices will be kept low by competitive pressures.

<h3>What are some examples of Perfectly Competitive Markets?</h3>

3 Perfect Competition Examples

  1. Agriculture: In this market, products are very similar. Carrots, potatoes, and grain are all generic, with many farmers producing them.
  2. Foreign Exchange Markets: In this market, traders exchange currencies.
  3. Online shopping: We may not see the internet as a distinct market.

Thus, we can say that the correct option is B.

Learn more about Perfectly Competitive Markets on:

brainly.com/question/8753703

#SPJ4

8 0
2 years ago
Federal express has a(n) ________________ in logistics and customer service, since these are activities it does especially well
andrezito [222]
The answer to this question is that federal express has a core competence. Core competence is the main strenghts or advantages of a business or the company in order for them to become competitive in the market. The concept of Core competency was introduced by Gary Hamel and Prahalad. Core competency is what the business or company can do to their customers and their expertise that is unique that can be valued by the customers.
8 0
3 years ago
Deep Hollow Oil issued 135,000 shares of stock last week. The underwriters charged a spread of 8.05 percent in exchange for agre
Neporo4naja [7]

Answer:

The ratio of flotation cost to funds raised is 20.13%

Explanation:

First of all, it is noteworthy that actual amount received per share by Deep Hollow Oil is the issue price minus the underwriting spread of $2.6565 (8.05% of $33),in other words the net issue price is $30.3435

The total amount raised is $ 4,096,372.50 (135000*$30.3435 ),while total flotation costs are as follows:

Underwriting costs                    $ 358,627.50  

Legal and accounting fees       $418,000

Indirect costs                              $48,000

Total flotation costs                   $824,627.50  

However, the flotation costs as a percentage of funds raised is given below:

$824,627.50  /$4,096,372.50=20.13%

6 0
3 years ago
Other questions:
  • Alpha Corporation has 1,500 shares of $40 par, 7% cumulative preferred stock, and 2,200 shares of $10 par common stock. Alpha pa
    13·1 answer
  • Money and farm equipment are examples of
    11·1 answer
  • A yearly statement of the financial condition, progress, and expectations of an organization
    15·2 answers
  • Sue’s bank account has a balance of $899.83 before she starts spending money. She makes the following transactions: Transaction
    6·2 answers
  • Say that the hourly cost to employers per German industrial worker was $44. The hourly cost to employers per U.S. industrial wor
    14·1 answer
  • If you are creating a business what expenses should you include
    6·1 answer
  • Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the followin
    9·1 answer
  • How can you determine an independent contractor?
    10·2 answers
  • The stock of NorthPoint Corporation is currently selling for $10 per share. Earnings per share in
    14·1 answer
  • From routine tasks to high-level command positions, police agencies can use ______________employees in management and administra
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!