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RUDIKE [14]
2 years ago
5

The following information is available for completed Job No. 402:

Business
1 answer:
Margarita [4]2 years ago
7 0

Answer:

b. $140000.

Explanation:

We know that

cost of finished goods in stock= (total production cost ÷ number of units produced)×number of units unsold

= [(170000+230000+160000)/8000]*(8000-6000)

= $140000

Option b) is the correct answer

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Brown Co. pays weekly salaries of $10,500 on Friday for a five-day workweek ending on that day. Assuming the end of the accounti
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Answer:

c.credit to Wages Payable for $6,300.

Explanation:

The journal entry to record the wages expense is shown below;

Wages expense dr ($10,500 × 3 ÷ 5) $6,300

      To Wages payable $6,300

(being the wages expense is recorded)

Here the wages expense is debited as it increased the expense and credited the wages payable as it increased the liabilities

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Both a recessionary gap and cyclical unemployment.

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3 years ago
Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of
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Answer:

a) Ponzi Products

Income statement

For quarters 1, 2, 3 and 4 of year 202x

                                       Q1                     Q2                  Q3                Q4

Sales revenue                $0                   $550             $600              $0

COGS                              $0                   $500             $500              $0

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Since no products are sold during the first and fourth quarter, their respective revenues, COGS and operating income is $0.

b) Ponzi Products

Schedule of Expected Cash Receipts

For quarters 1, 2, 3 and 4 of year 202x

                                       Q1                     Q2                  Q3                Q4

Sales revenue                $0                    $0                $550            $600

Cost of goods man.  ($1,000)                $0                   $0               $0

Net cash receipts     ($1,000)                 $0                $550            $600

c) This question is incomplete, it should say what is Ponzi's net working capital for each quarter?

NWC = current assets - current liabilities

NWC Q1 = $1,000 (Merchandise inventory account, no liabilities)

NWC Q2 = $500 (Merchandise inventory account, no liabilities)

NWC Q3 = $550 (Cash account, no liabilities)

NWC Q4 = $1,150 (Cash account, no liabilities)

6 0
3 years ago
We made a distinction between pro-business policies and pro-market policies. Which of the following is a way to put that distinc
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Answer:

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In a pro-business policies, the government offers advantages to specific companies to increase profitability, such as tax incentives, privileges, etc.

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