All categories

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

You might be interested in

Disk City, Inc. is a retailer for digital video disks. The projected net income for the current year is $2,300,000 based on a sa

Marat540 [252]

Answer:

big dog

Explanation:

5 0

3 years ago

A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c.

Ipatiy [6.2K]

Answer:

The correct answer is letter "A": Price uncertainty but not execution uncertainty.

Explanation:

When talking about trading orders, a market order is executed whether to buy or sell a security at market price. The market order does not follow the security's price at the bid or ask, it usually follows the last price at which the security was sold. Thus, that price is always uncertain.

The benefit of market order relies on the execution. Traders will not have to wait until another trader is willing to buy or sell at their desired level. The market order will execute the order almost automatically at the price the market has available.

6 0

3 years ago

On April 30, 2017, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, w

Dmitriy789 [7]

Answer:

$6,666.67 and $10,000

Explanation:

The computation of the depreciation expense for the year 2017 and 2018 is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($88,000 - $8,000) ÷ (8 years)

= ($80,000) ÷ (8 years)

= $10,000

Since the machinery is purchased on April 30 and we assume the books are closed on December 31 so the number of months calculated is 8 months

Therefore for the year 2017 the depreciation expense is

= $10,000 × 8 months ÷ 12 months

= $6,666.67

And, for the year 2018 the depreciation expense is same i.e $10,000

6 0

3 years ago

If the exchange rate for Mexican pesos has changed from 10 pesos to 9 pesos per dollar, _____.

cestrela7 [59]

When the exchange rate for the Mexican peso changes from 10 pesos to the U.S dollar to 9 pesos to the U.S. dollar, then the Mexican peso has appreciated and the U.S. dollar has depreciated.

When a currency appreciates, it means it has increased in value relative to any other currency; depreciate means it has been weakened or fell in value relative to any other currency.

5 0

3 years ago

Read 2 more answers

A written promise to pay certain sum of money to another person or company is a

const2013 [10]

Promissory Notes Receivable

5 0

3 years ago

Read 2 more answers