Ask question

Ask question

All categories

2 years ago

7

The state of Florida is known to produce oranges more than majority of the other states, so Florida has a(n) __________ in orang

es.

1 answer:

Simora [160]2 years ago

4 0

Answer:70% production

Provide your answers to pick from please.

Explanation:

You might be interested in

What is the purpose of using predetermined overhead rates: Variation in cost assignment due to short-term variations in volume c

Sunny_sXe [5.5K]

Answer:

All of the answers are correct.

Explanation:

At the beginning of the accounting period a pre-determined overhead is computed by dividing the estimated overhead production by the estimated basis of operations. The default overhead rate is then applied to manufacturing, so that the standard cost for a product may be calculated

The purpose of using pretermined overhead rates are

Delays in product costing can be avoided

Variation in cost assignment due to seasonality can be prevented

Variation in cost assignment due to short-term variations in volume can be prevented

The Use of predetermined overhead rates serves all the above purposes

Hence, all answers are correct.

6 0

2 years ago

The Evanstonian is an upscale independent hotel that caters to both business and leisure travelers. On average, one-third of the

iren [92.7K]

Answer:

Explanation:

1/3rd of the guests are leisure travelers

2/3rd of the guests are business travelers

Average leisure travelers stay for 3.6 nights

Average business travelers stay for 3.6*1/2 = 1.8

a)

It is given that on average day 135 guests check into The Evanstonian (R)

Leisure travelers = 135*1/3=45 guests per day(night)

Average number of leisure travelers = 45*3.6 = 162 guests

Business travelers = 135*2/3 = 90 guests per night

Average number of business travelers = 90*1.8 = 162 guests

b)

Total inventory = Leisure travelers + Business travelers = 162*2 = 324

Inventory turns = R/total inventory = 135/324 = 0.4167 turns per day

per month: 0.4167 * 30 = 12.5 turns

c)

324 rooms are booked for a night on average

We calculated that half of them are booked by leisure and half by business travelers

Therefore, average revenue is 1/2*250 + 1/2* 210 = 125 + 105 = $230

8 0

3 years ago

There are zero coupon bonds outstanding that have a YTM of 5.97 percent and mature in 19 years. The bonds have a par value of $1

Fed [463]

Answer:

market price = $1,104.20

Explanation:

yield to maturity of zero coupon bonds = (face value / market price)¹/ⁿ - 1

YTM = 5.97%
n = 19 x 2 = 38
face value = $10,000

(face value / market price)¹/ⁿ = YTM + 1

face value / market price = (YTM + 1)ⁿ

market price = face value / (YTM + 1)ⁿ

market price = $10,000 / 1.0597³⁸ = $10,000 / 9.0563 = $1,104.20

8 0

3 years ago

Negotiated transfer prices

horrorfan [7]

The devision agrees a transfer price between themselves. This price may not reflect opportunity cost by producing and selling products. Reflects bargaining prowess of individual mangers.

6 0

2 years ago

The journal entry for the purchase of inventory on account using the perpetual inventory system is:.

Solnce55 [7]

The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.

<h3>What is a journal entry?</h3>

It should be noted that a journal entry is used to record the financial activities of a company.

In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.

Learn more about inventory on:

brainly.com/question/24868116

7 0

2 years ago