1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ahat [919]
3 years ago
6

The following information is available for the year ended December 31: Beginning raw materials inventory $ 3,900 Raw materials p

urchases 5,400 Ending raw materials inventory 4,400 Office supplies expense 2,400 The amount of raw materials used in production for the year is:
Business
1 answer:
love history [14]3 years ago
8 0

Answer:

Direct material used= $4,900

Explanation:

Giving the following information:

Beginning raw materials inventory $ 3,900

Raw materials purchases 5,400

Ending raw materials inventory 4,400

<u>To calculate the direct material used, we need to use the following formula:</u>

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 3.900 + 5,400 - 4,400

Direct material used= $4,900

You might be interested in
Since bond market values are expressed as a percentage of their bond value, a $1,000 bond that is being sold at 93 would be trad
Sophie [7]

Answer: $930

Explanation:

From the question, we are informed that bond market values are expressed as a percentage of their bond value and are further told that a $1,000 bond that is being sold at 93.

Therefore, the bond will be trading at:

= $1000 × 93%

= $1000 × 0.93

= $930

5 0
3 years ago
Taxpayers filing single, regardless of whether they did or did not engage in a specified service trade or business, will only be
RUDIKE [14]

Answer:

b. $160,700

Explanation:

In the case of ordinary taxable income limitation, the taxable income for the single person is up to $160,700 and for married who filled jointly have a limit up to $321,400.  

Plus, if the income is covered within the threshold limit then the tax payee is eligible for the deduction which is equal to 20% of qualified business income irrespective whether they engaged or not engaged in any specified service trade or business

8 0
3 years ago
All of the following statements are true regarding the trading of ADRs EXCEPT: A ADRs are traded on the New York Stock Exchange
Elanso [62]

Answer:

I think the answer is b

I'm sorry if my answers isn't helping

3 0
3 years ago
The management of Nebraska Corporation is considering the purchase of a new machine costing $490,000. The company's desired rate
ankoles [38]

Answer:

The payback period is more than 5 years

Explanation:

Net present value is the Net value of all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.

Year  Cash flow    PV factor   Present Value

0       ($490,000)       1              ($490,000)

1         $40,000       0.909         $36,360

2        $10,000        0.826         $8,260

3        $120,000      0.751          $90,120

4        $90,000       0.683         $61,470

5        $180,000      0.621        <u> $111,780 </u>

Net Present Value                   ($182,010)

NPV of this Investment is negative so, it is not acceptable.  

Payback period

Total Net cash inflow of the investment is $440,000 and Initial investment is $490,000. This investment will take more than 5 years to payback the initial investment.

6 0
3 years ago
A rich uncle wants to make you a millionaire. How much money must he deposit in a trust fund paying 12% compounded quarterly at
Reptile [31]

Answer:

P=24.92 per quarter

Explanation:

this problem can be solved applying the concept of annuity, keep in mind that an annuity is a formula which allows you to calculate the future value of future payments affected by an interest rate.by definition the future value of an annuity is given by:

s_{n} =P*\frac{(1+i)^{n}-1 }{i}

where s_{n} is the future value of the annuity, i is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:

s_{60*4} =P*\frac{(1+(0.12/4))^{60*4}-1 }{(0.12/4)}

we will asume that deposits are made as interest is compounded it is quarterly thats why we multiply 60 and 4 and also we divide 12% into 4, so:

1,000,000 =P*\frac{(1+(0.12/4))^{60*4}-1 }{(0.12/4)}

solving P

P=24.92

8 0
3 years ago
Other questions:
  • The Law of Demand is a rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship b
    6·2 answers
  • If the allocation base in the pre-determined overhead rate does not drive overhead costs, it will nevertheless provide reasonabl
    7·1 answer
  • Tom is managing a project team responsible for erecting a new office building. He notices that team members are trying out diffe
    15·2 answers
  • Vulcan, Inc., has 7 percent coupon bonds on the market that have 13 years left to maturity. The bonds make annual payments and h
    13·1 answer
  • Badan
    6·1 answer
  • Dana and Phil have evaluated their situation, and have decided to purchase a unit in a cooperative housing project. Which FHA lo
    7·1 answer
  • Three major areas of concern when providing financial information to the larger investing community are language, currency, and
    5·1 answer
  • What is the Internet?
    15·2 answers
  • DeVonda owns a music store. One night, vandals broke her store's front window. DeVonda called the police, and the police investi
    14·1 answer
  • Assume your balance is back at $0. You desperately want a TV for your bedroom, but you don’t have any money saved. You put the $
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!