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3 years ago

An examination of Hyong Corporation's inventory accounts revealed the following information:

Business

1 answer:

andreyandreev [35.5K]3 years ago

3 0

Answer:

Production= 45,000 units

Explanation:

Giving the following information:

Raw materials, June 1: 46,000 units

Raw materials, June 30: 51,000 units

Purchases of raw materials during June: 185,000 units

First, we need to calculate the raw material used in production:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 46,000 + 185,000 - 51,000

Direct material used= 180,000

Now, the production for the period:

Production= 180,000/4

Production= 45,000 units

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Which of the following is not typically considered a function of financial intermediaries?

AURORKA [14]

Answer: The correct answer is "B".

"B. Investing in real assets" is NOT typically considered a function of financial intermediaries.

Explanation: A financial intermediary is an institution specialized in mediation between economic units that save or invest their funds, and units that wish to borrow funds.

Financial intermediaries are dedicated to investing in financial assets.

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3 years ago

Compute the Work-In-Process transferred to the finished goods warehouse on April 30 using the following information:

Marina CMI [18]

Answer:

$910

Explanation:

Computation for the Work-in-Process transferred to the finished goods warehouse on April 30

Using this formula

Work-in-Process transferred to finished goods warehouse=Work-In-Process Inventory, April 1+(Direct materials used in production+Direct labor costs incurred +Manufacturing overhead costs)-Work-In-Process Inventory, April 30

Let plug in the formula

Work-in-Process transferred to finished goods warehouse=$270 + ($195 + $370 + $320) - $245

Work-in-Process transferred to finished goods warehouse=$270 +$885-$245

Work-in-Process transferred to finished goods warehouse= $910

Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 is $910

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3 years ago

A manager is trying to see how business has been going. She wants to know if there is a need for any type of change in how they

Sveta_85 [38]

She should do C, to find the best way to optimize profits.

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3 years ago

Read 2 more answers

The notes to a recent annual report from Weebok Corporation indicated that the company acquired another company, Sport Shoes, In

navik [9.2K]

Answer:

$221,500

Explanation:

The computation of the amount of the goodwill is shown below:

Goodwill = Acquiring value - fair market value of all assets

where,

Acquiring value = $502,000

And, the fair market value of all assets is

= Account receivable market value + inventory market value + fixed assets market value + other assets market value

= $35,000 + $183,000 + $46,500 + $16,000

= $280,500

So, the goodwill is

= $502,000 - $280,500

= $221,500

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4 years ago

Assume that a family spends 35% of its income on housing, 20% on travel-related expenses, 10% on utilities, 25% on health care,

iogann1982 [59]

Answer:

We need the slope of each category.

Explanation:

Having the amount of each category is not enough to find the responsive of each one of them to a change in their prices, we need a measure called elasticity, this indicator measures the responsive of a product to a change in its price.

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3 years ago