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coldgirl [10]
3 years ago
15

The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment

:
Sales $1,378,600
Gross profit 372,200
Indirect labor 124,100
Indirect materials 51,000
Other factory overhead 23,400
Materials purchased 703,100
Total manufacturing costs for the period 1,522,000
Materials inventory, end of period 51,000

Using the above information, determine the following amounts:

a. Cost of goods sold________$
b. Direct materials cost ______$
c. Direct labor cost ________$
Business
1 answer:
777dan777 [17]3 years ago
8 0

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Helga [31]

Hi, you've asked an incomplete question. However, I added missing the part of the question as an attachment below:

Answer:

<u>No, Dan should reduce his discretionary spending.</u>

<u>Explanation:</u>

Note, the term discretionary spending often refers to spending on unimportant/necessary things. In other words, things that one can do without but they still spend on.

Noteworthy among his expenses were his Cruise trip to Mexico which took about $3,500 (excluding other entertainment expenses). This shows that Dan didn't stay on his budget since some avoidable expenses were eating out of his total income; leaving him with zero savings.

3 0
2 years ago
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Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,600 monthly. The contract currently sells for $117
Tanzania [10]

Answer:

The monthly return on this investment vehicle is 1.37%

Explanation:

A perpetuity contract is one which lasts forever, It does not any time limit. Live Forever Life Insurance Co will pay $1,600 for indefinite time on today's investment of #117,000.

Monthly return will be calculated using following formula:

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Monthly return on the perpetuity is 1.37% for this perpetuity.

4 0
3 years ago
When writing solicited application letters? __________.
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What problems can result for an organization and its customers when the organization acts in an ethically questionable manner?
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3 years ago
The current market value of the assets of ABCD is $86.28 million. The call option value on the firm's assets is $53.09 million.
Temka [501]

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6 0
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