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sertanlavr [38]
2 years ago
8

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Business
1 answer:
Ipatiy [6.2K]2 years ago
7 0

Answer:

Your answer is given below:

Explanation:

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Suppose that real GDP per capita in Italy is $32,000. If real GDP per capita is growing at a rate of 2.5% per year, how many yea
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Answer:

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Explanation:

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5 0
1 year ago
Thorkfeld Company incurred depreciation expenses of $28,900 last year. The sales were $755,000 and the addition to retained earn
blondinia [14]

Answer:

Cost of Goods Sold is = $697213.44

Explanation:

given data

depreciation expenses = $28,900

sales = $755,000

retained earnings = $10,200

paid interest = $6,200

dividends = $5,000

tax rate = 33 percent

solution

first we get here EBIT that is express as here

EBIT =  Earnings for equity holders + Tax + Interest    ...............1

Earnings for equity holders = Dividend Paid + retained earnings

Earnings for equity holders = $5,000 + $10,200 = $15200

here Tax is = \frac{15200}{67} × 33 = 7486.56

so here EBIT  = $15200 + $7486.56 + $6,200

EBIT  = $28886.56

so Cost of Goods Sold is = sales - depreciation -  EBIT   ..................2

Cost of Goods Sold is = $755,000 - $28,900 - $28886.56

Cost of Goods Sold is = $697213.44

3 0
2 years ago
8. Hayward Industries manufactures dining chairs and tables. The following information is available: Dining ChairsTablesTotal Co
Contact [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Dining Chairs - Tables - Total cost

Machine setups: 200 - 600 - $48,000

Inspections: 250 - 470 - $72,000

Labor hours: 2,600 - 2,400

A) A single overhead rate:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (48,000 + 72,000) / (2,600 + 2,400)= $24 per direct labor hour

Now, we can allocate overhead based on direct labor hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Dining Chairs:

Allocated MOH= 24*2,600= $62,400

Tables:

Allocated MOH= 24*2,400= $57,600

B) We have to calculate an overhead rate for each activity cost pool.

<u>Overhead rate:</u>

Machine setups:

Estimated manufacturing overhead rate= 48,000/800= $60 per machine hour set up

Inspections:

Estimated manufacturing overhead rate= 72,000/ 720= $100 per inspection

Based on the overhead rate, we can allocate overhead to each product.

Dining chairs:

Allocated MOH= 60* 200 + 100*250= $37,000

Tables:

Allocated MOH= 60*600 + 100*470= $83,000

C) We can conclude that activity cost allocation is more accurate than using a single rate plant-wide. We can allocate costs more efficiently.

7 0
3 years ago
Presented below are the basic assumptions and principles underlying financial statements. a. Historical cost principle d. Going
dimulka [17.4K]

Answer:

1. Periodicity assumption.

2. Going concern assumption.

3. Historical cost principle.

4. Economic entity assumption.

5. Full disclosure principle.

6. Monetary unit assumption.

Explanation:

1. <u><em>Periodicity assumption</em></u>: The economic life of a business can be divided into artificial time periods. It is also known as the Time period assumption.

2. <em><u>Going concern assumption</u></em>: The business will continue in operation long enough to carry out its existing objectives.

3. <em><u>Historical cost principle</u></em>: Assets should be recorded at their acquisition cost.

4. <em><u>Economic entity assumption</u></em>: Economic events can be identified with a particular unit of accountability.

5. <em><u>Full disclosure principle</u></em>: Circumstances and events that could make a difference to financial statement users should be disclosed.

6. <em><u>Monetary unit assumption</u></em>: Only transaction data that can be expressed in terms of money should be included in the accounting records.

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3 years ago
job ________ involves division of an organization’s work among its employees and application of motivational theories to jobs to
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Job design. Hope this helps!!
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