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3 years ago

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Hi I need help with this question. I don't know what I'm doing so I hope you can explain how to solve it. Thank you in advance.

1 answer:

lora16 [44]3 years ago

3 0

Invest into 3D printing organs you will become a million trust me

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Lambert Company purchased $140,000 of goods in September and expects to purchase $130,000 of goods in October. Lambert typically

igor_vitrenko [27]

Lambert's expected cash disbursement in October for purchases of goods = $138,000

Solution:

Given,

Lambert Company purchased $140,000 of goods

Expects to purchase $130,000 of goods

Lambert must make the following payments:

Rent $5,000

Wages 14,000

Utilities 3,000

Telephone 400

Loan on equipment 1,200

Lambert uses the company's payment card to acquire a desktop device for $4,500. Usually, the credit card balance must be charged in full in the next month. September payment card transactions contributed to $6,000.

Now , To find Lambert's expected cash disbursement in October for purchases of goods :

$5,000 + $14,000+ $3000+ $400+ $1200 = $23600

= $23600 + 80% of the Sept order of $140,000 ($112,000) + 20% of the Oct order of $130,000($26,000)

= $161,600 + the $6000 credit card = $167,600

Purchase of goods is $112,000 & $26,000 = $138,000

6 0

3 years ago

employees earn vacation pay at a rate of one day per month. During December, 35 employees qualify for one vacation day each. The

Blababa [14]

Answer:

Listed below are a few transactions and events of Maxum Company.

1. Employees earn vacation pay at a rate of one day per month. During December, 35 employees qualify for one vacation day each. Their average daily wage is $160 per employee.

2. During December, Maxum Company sold 4,500 units of a product that carries a 60-day warranty. December sales for this product total $125,000. The company expects 7% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $10.

Prepare any necessary adjusting entries at December 31, 2017, for Maxum Company’s year-end financial statements for each of the above separate transactions and events.

Vacation benefits expense

= number of employees × number(s) of day × the average daily wage per employee

Given,

number of employees = 35

number(s) of day = 1

The average daily wage per employee = $160

= 35 employees × 1 day × $160

= $5,600

Warranty expense

= number of units of products sold × percentage of the units for warranty × the average repair cost per unit

Given,

number of units of products sold = 4500 units

percentage of the units for warranty = 7%

The average repair cost per unit = $10

= 4,500 units × 7% × $10

= $3,150

P.S. The attached image duly shows the answer.

4 0

3 years ago

Many state governments claim a shortage of funds because there are unmet needs. this claim is

adelina 88 [10]

It is false that many state governments claim a shortage of funds because there are unmet needs. It is false because of scarcity. Scarcity is a result from unlimited wants coupled with limited resources.

5 0

3 years ago

The 10.9 percent preferred stock of Rock Bottom Floors is selling for $91 a share. What is the firm's cost of preferred stock if

torisob [31]

Answer: 11.978%

Explanation:

From the question, we are informed that the 10.9 percent preferred stock of Rock Bottom Floors is selling for $91 a share. We are further informed that the tax rate is 44 percent and the par value per share is $100.

The firm's cost of preferred stock will be 10.9% multiplied by the par value per share and then divided by the share price of $91. This will be:

= (10.9% × 100)/91

= (0.109 × 100)/91

= 10.9/91

= 0.11978

= 11.978%

7 0

3 years ago

Studnets in the new MBA class at a state university has the following specialization profile:

Korvikt [17]

Answer and Explanation:

a. The computation of the probability for a student either a finance or marketing major is shown below:

= Number of expected outcomes ÷ total number of outcomes

= (67 + 45) ÷ (67 + 45+ 51 + 18)

= 112 ÷ 181

= 0.6188

b. Now for mutually exclusive, we make the assumption that the none of the students has taken for multiple specializations also nothing is mentioned in the question

5 0

4 years ago