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adelina 88 [10]
3 years ago
13

The following information is available for Aikman Company.

Business
1 answer:
RSB [31]3 years ago
4 0

Answer:

$537,300

$378,700

Explanation:

1. Cost of goods manufactured

Direct material Jan 1 2017

$21,000

Add purchases of raw materials

$150,000

Less raw materials December 2017

($30,000)

Materials used in production

$141,000

Direct labor

$220,000

Manufacturing overhead

$180,000

Total manufacturing cost

$541,000

Add work in process inventory at Jan

$13,500

Less ending work in process inventory

($17,200)

Cost of goods manufactured

$537,300

2. Income statement through gross profit

Sales revenue

$910,000

Less cost of goods sold:

Cost of goods manufactured

$537,300

Add: finished goods at 1 Jan 2017

$27,000

Less: finished goods at 31 2017

($21,000)

Gross profit

$378,700

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AleksandrR [38]

Answer:

The home needs to sell for $105,263.16 for the seller to receive net of $100,000.00

Explanation:

The amount that the home needs to sell can derived from the net to seller's formula given as: Net to seller = Sale Price * (100% - commission rate)

Net to seller=$100000

Sale price is unknown

commission rate is 5%

$100000=sale price*(100%-5%)

$100000=sale price *95%

sale price =$100000/95%

sale price =$105263.16

For the seller to receive $100000 after 5% commission the property must e sold for $105,263.16

3 0
3 years ago
_____ is the method of determining what a business will get in exchange for its products.
Arada [10]

Answer:

pricing

Explanation:

pricing is the amount you pay a buissness for their product.

3 0
3 years ago
Read 2 more answers
An industry is composed of 10 firms, all with equal sales (e.g. firm 1 sales are 10% of the market, firm 2 sales are 10% of the
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Answer:

0.40

Explanation:

The four firm concentration ratio = 10%+ 10% + 10% + 10% = 40% =0.40

I hope my answer helps you

5 0
3 years ago
3. What type of risk is relevant for determining the expected return?
erma4kov [3.2K]

Answer:

Systematic risk.

Explanation:

Systematic risk corresponds to the risk of the financial market as a whole. In other words, it is the risk that affects the economy and it is difficult to predict and prevent it from occurring. As an example, a risk of bankruptcy of financial institutions and banks can be mentioned.

This systemic risk therefore affects the expected return on an investment.

8 0
3 years ago
State sales tax y is directly proportional to retail price x. an item that sells for 170 dollars has a sales tax of 10.22 dollar
scZoUnD [109]
Im guessing sales tax would be 6.25%?
6 0
3 years ago
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