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2 years ago

13

The foreign subsidiary of a large corporation is:_________ a) a cost center. b) an investment center. c) not a responsibility ce

nter. d) a profit center.

1 answer:

Brut [27]2 years ago

3 0

Answer:

b) an investment center

Explanation:

The foreign subsidiary of a large corporation is an investment center.

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Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1

Setler [38]

Answer:

Cost of goods sold as per average cost method = $92,458.5

Explanation:

As for the information provided as follows:

Opening Inventory 265 units @ $153 each = $40,545

Purchase 465 units @ $173 each = $80,445

Purchase 165 units @ $213 each = $35,145

Total data 895 units = $156,135

Average cost per unit = $156,135/895 = $174.45

In average cost method simple average is performed, whereas in weighted average weights are assigned.

Sale is of 530 units

Cost of goods sold as per average cost method = $174.45 $\times$ 530 = $92,458.5

7 0

2 years ago

Ace Industries has a current assets equal to $3 illion . the company's current ratio is 1.5. and its quick ratio is 1.0.

zavuch27 [327]

Answer:

$2,000,000

$1,000,000

Explanation:

We know that

Current ratio = Total Current assets ÷ total current liabilities

1.5 = $3,000,000 ÷ total current liabilities

So, the total current liabilities would be

= $2,000,000

And

Quick ratio = Quick assets ÷ total current liabilities

1.0 = Quick assets ÷ $2,000,000

Quick assets = $2,000,000

So, the inventory would be

= Total current assets - quick assets

= $3,000,000 - $2,000,000

= $1,000,0000

6 0

3 years ago

A creamery shop sells its special ice cream for $4.50 a quart. It costs them $3.00 a quart to make it. The daily demand for this

jenyasd209 [6]

Answer and Explanation:

The computation of the service level and the corresponding optimal stocking level is shown below:

Given that

Selling price = SP = $4.50

Cost price = CP = $3.00

So,

Salvage value = V = $1.50

Average daily demand (d) = 35 quarts

The standard deviation of daily demand = 4 quarts

based on the above information

Overage cost = (Co) is

= CP - V

= $3.00 - $1.50

= $1.50

Now

Underage cost= (Cu)

= SP - CP

= $4.50 - $3.00

= $1.50

So,

Service level is

= Cu ÷ (Co + Cu)

= 1.50 ÷ (1.50 + 1.50)

= 1.50 ÷ 3.00

= 0.50

= 50%

Now

At 50 % service level, the value of Z is 0

So,

Optimal stocking level is

= d + Z × standard deviation

= 35 + (0 × 4)

= 35 + 0

= 35 quarts

7 0

3 years ago

The FDIC found out that a company misreported information to a credit scoring company about Wanda. Wanda contacted the company a

Alborosie

Fair Credit Reporting Act

5 0

3 years ago

Read 2 more answers

The Blue Hydrangea Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $ 7 comma 700 for s

Ivahew [28]

Answer:

$7,700

Explanation:

There are two basis of accounting. These are the cash and accrual basis. In the cash basis of accounting, expenses are full recognized only when cash has been paid.

Hence unlike in the accrual basis where the payment or non payment results in the recognition of the expense once it has been incurred (and a corresponding asset or liability in form of prepayments and accrued expense), expenses under the cash basis of account would always result in a debit to expense and a credit to cash.

As such, if On January 1, the law firm paid $ 7 comma 700 for seven months of advertising, this will be recognized as the expense for the two months ending February 28 under the cash basis.

6 0

3 years ago