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Jet001 [13]
3 years ago
5

The Assembly Department started the month with 83,000 units in its beginning work in process inventory. An additional 334,000 un

its were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 34,000 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month
Business
1 answer:
Zolol [24]3 years ago
5 0

Answer:

383,000

Explanation:

Calculation to determine How many units were transferred to the next processing department during the month

Work in process, beginning 83,000

Add Units started into production during the month 334,000

Less Work in process, ending (34,000)

Units completed and transferred out during the month 383,000

(+83,000+334,000-34,000)

Therefore How many units were transferred to the next processing department during the month is 383,000

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The adjusted trial balance of Warbocks Corporation at December 31, 2017 includes the following accounts: Retained Earnings $12,6
irina [24]

Answer:

                                            Warbocks Corporation

Statement of retained earnings for the year ended December 31, 2017

                                                                                      Amount in $

Opening retained earnings                                           12,600

Net income for the year                                                  7,000

Dividend                                                                         <u> (5,000)</u>

Closing retained earnings                                             <u> 14,600</u>

Explanation:

The retained earnings statement shows the movement in the retained earnings balance between the start and end of the year.

This includes the net earnings and dividend paid during the year.

Net income =  $30,000 - $15,000 - $2,000 - $4,500 - $500 - $1,000

= $7,000

5 0
3 years ago
Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note t
jeka94

Answer:

the project's MIRR is 13.84 %

Explanation:

MODIFIED INTERNAL RATE OF RETURN (MIRR)

-It is the rate that causes the Present Value of the Terminal Value (Future Cash flows at the end of the Project) to equal Present Value of Cash outflows.

-MIRR assumes a reinvestment rate at the end of the project

The First Step is to Calculate the Terminal Value at end of year 3.

Terminal Value (FV) = Sum of (PV x (1 + r) ^ 3 - n)

                   = $450 x (1.09) ^ 2 + $450 x (1.09) ^ 1 + $450 x (1.09) ^ 0

                   = $534.65 + $490.50 + $450.00

                   = $1,475.15

The Next Step is to Calculate the MIRR using a Financial Calculator :

(-$1,000)          CFj

0           CFj

0           CFj

$1,475.15   CFj

Shift IRR/Yr 13.84 %

Therefore, the project's MIRR is 13.84 %.

6 0
3 years ago
When a company prepares financial statements using standard costing, which items are reported at standard cost
Dmitrij [34]

Answer: Inventories and cost of goods sold.

Explanation:

Standard costing is used in accounting and it simply has to do with the substitution of the cost that's expected for a product with an actual cost when preparing financial statements.

The difference that's then between the actual costs and expected costs are then recorded as variance. It should also be noted that when a company prepares financial statements using standard costing, the items that are reported at standard cost will be Inventories and the cost of goods sold.

7 0
2 years ago
Boeing has often cut its prices drastically to try to maintain its 60 percent of sales of commercial aircraft as it competes wit
bija089 [108]
A market share objective is the reason they encountered losses. Market share often pursues by companies when industry sales are relatively flat or declining. Although increased market share is a primary goal of some firms, others see it as a means to other ends: increasing sales and profits.



5 0
3 years ago
[The following information applies to the questions displayed below.]
Sunny_sXe [5.5K]

Answer:

Since the requirements are missing, I believe that you need the adjusting entries:

1. Depreciation on the equipment for the month of January is calculated using the straight-line method.

Dr Depreciation expense 375 ($18,000/4 x 1/12)

    Cr Accumulated depreciation, equipment 375

2. At the end of January, $3,500 of accounts receivable are past due, and the company estimates that 50% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 2% will not be collected. The note receivable of $18,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts.

Dr Bad debt expense 6,250

    Cr Allowance for doubtful accounts 6,250

3. Accrued interest revenue on notes receivable for January.

Dr Interest receivable 75 ($18,000 x 5% x 1/12)

    Cr Interest revenue 75

4. Unpaid salaries at the end of January are $33,100.

Dr Salaries expense 33,100

    Cr Salaries payable 33,100

5. Accrued income taxes at the end of January are $9,500

Dr Income tax expense 9,500

    Cr Income tax payable 9,500

5 0
3 years ago
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