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3 years ago

Lopez Corporation incurred the following costs while manufacturing its product.

Business

1 answer:

grandymaker [24]3 years ago

8 0

Answer:

$358,150

Explanation:

Cost of goods manufactured is calculated in a Schedule of Manufacturing Costs as follows :

Cost of goods manufactured = Beginning Work In Process + Total Manufacturing Costs - Ending Work In Process

where,

Total Manufacturing Costs :

Materials used in product $124,260

Depreciation on plant $69,650

Property taxes on plant $21,750

Labor costs of assembly-line $120,570

Factory supplies used $25,810

Total $362,040

therefore,

Cost of goods manufactured = $13,700 + $362,040 - $17,590 = $358,150

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Gabbe Industries is a division of a major corporation. Last year the division had total sales of $31,098,000, net operating inco

miskamm [114]

Answer:

I. 14.50%

II. 3.55

III. 51.48%

Explanation:

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3 years ago

What is equilibrium?

inysia [295]

Answer:

Explanation:

equilibrium is pretty much self explanatory, both the demand and quantity has to be equal

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4 years ago

An individual has $2000 in physical assets, and $600 in cash initially. This person faces the following loss distribution to the

RUDIKE [14]

Answer with Explanation:

Probability Expected Loss Loss Forecast

0.5 0 0

0.1 200 20

0.2 400 80

0.1 1000 100

0.1 2000 200

1.00 Total 400

Now,

A. Final Wealth with no Insurance = Physical Assets of the person + Cash Assets - Total Loss Forecast

By putting values, we have:

Final Wealth with no Insurance = $2,000 + $600 - $400 = $2,200

B. For Full insurance, we will not consider expected loss because we will receive Insurance Premium instead:

Final Wealth with Full Insurance = Physical Assets + Cash Assets - Insurance Premium

By putting values, we have:

Final Wealth with Full Insurance = $2,000 + $600 - $600 = $2,000

C. Final Wealth with Partial Insurance and $200 deductibles = Physical Assets + Cash Assets - Insurance Premium For Partial Coverage - Deductible

By putting values, we have:

Final Wealth with Partial Insurance and $200 deductibles = $2,000 + $600 - $450 - $200 = $1,950

D. Final Wealth with 75% Co-insurance = Physical Assets + Cash Assets - Insurance Premium - Co-payment

By putting values, we have:

Final Wealth with 75% Co-Insurance = $2,000 + $600 - $450 - (75% * $400)

= $1,850

E. Final Wealth with Partial Insurance and $1,000 Upper Limit = Physical Assets + Cash Assets - Insurance Premium - Maximum Loss Expected

By putting values, we have:

= $2,000 + $600 - $450 - (Probability 0.1 * $2,000) = $1950

From the above, we can say that the best option here in descending order is as under:

1. A. Final Wealth with no Insurance

2. B. With Full insurance

3. C. Final Wealth with Partial Insurance and $200 deductibles & E. Final Wealth with Partial Insurance and $1,000 Upper Limit

4. E. Final Wealth with Partial Insurance and $1,000 Upper Limit

5 0

4 years ago

(b) Cite 3 reasons for and 3 reasons against rebuilding Greensburg as a “green town.”

mamaluj [8]

Answer:

The following are 3 against reasons for the reconstruction of Greensburg as the "green city":

Explanation:

Following are the reasons and the counter reasons:

Reasons:

Its tornado was something which will never be large as ever before, in which the city has been harmed and 95% of his residences have been destroyed. It also offers you to recreate the green city.
The creation of a green city would also enable many cities to the devastated area to integrate with green technology.
The Greenburg would become an icon with style as well as a prototype for the building of a clean energy city.

Counter Reason:

The green tech isn't cheap and it would put pressure on the public resources.
When a tornado of the same size hit Greenburg, then nobody would cause a serious source of financial and private assets.
The city should give priority to tornado refugee camps that are capable of protecting public goods instead of building a green culture.

6 0

4 years ago

If the amount realized at a Sheriff's sale upon a delinquent mortgage is more than the indebtedness, the excess belongs to:_____

timofeeve [1]

Answer: The mortgagor

Explanation:

If the amount realized at a Sheriff's sale upon a delinquent mortgage is more than the indebtedness, the excess belongs to the mortgagor.

It should be noted that the mortgagor is the borrower, therefore he or she is the person that is entitled to the excess received upon the sake of the asset.

4 0

4 years ago