3 years ago

To generate higher profit margins, producers must work to

Business

1 answer:

kotegsom [21]3 years ago

4 0

Is there Answer choices?

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Tyare Corporation had the following inventory balances at the beginning and end of May:

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Answer:

The correct answer is option (b) $5400

Explanation:

Solution

Calculation of the cost of direct material on May 1

Now,

The starting work In process inventory = Direct materials Cost + Direct labor Cost + Manufacturing overhead applied on W.I.P

13,500 = Direct materials cost + 4500 + 3600

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A commenced his cloth business on 1st April, 2018 with a capital of ₩30,000. On 31st March 2019, his assets were worth ₩50,000 a

marysya [2.9K]

Answer:

Profits = ₩10,000

Closing Capital = ₩40,000

Explanation:

Let's note down the given information at first.

Opening capital = ₩30,000
Worth of assests after 1 year = ₩50,000
Liabilities = ₩10,000

Now,

Profits

= (Worth of assets after 1 year - Liabilities) - Opening capital

= (₩50,000 - ₩10,000) - ₩30,000

= ₩10,000

Next, let's find the closing capital

= Assets - Liabilities

Assets ₩50,000

Liabilities ₩10,000

$\rule{150pt}{1pt}$

Closing capital ₩40,000

$\rule{150pt}{2pt}$

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