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SCORPION-xisa [38]
3 years ago
13

The following information applies to the questions displayed below.]

Business
1 answer:
Leokris [45]3 years ago
8 0

Answer:

Clopack Company

3. Units completed and transferred to finished goods during the period = 34,500 units

4. The equivalent units of production for materials =  42,300 units

5. The equivalent units of production for conversion = 38,400 units

8. The cost per equivalent unit for materials = $3.75

10. The cost of ending work in process inventory for materials = $29,250

Explanation:

a) Data and Calculations:

T-account:

Work in Process - Mixing Department

Account Titles       Debit       Credit

June 1 balance 32,000

Materials          141,245

Direct labor      90,500

Overhead       108,000

Transferred to Finished Goods ?

June 30 balance                        ?

                                           Units     Materials    Conversion   Total

Beginning WIP                   4,900      $17,380       $14,620   $32,000

Degree of completion                           100%             60%

Started into production  37,400       141,245       198,500    339,745

Total units available       42,300    $158,625     $213,120   $371,745

Ending WIP                       7,800           100%             50%

Transferred out             34,500

Equivalent units of production      Materials            Conversion

Started and completed    34,500   34,500 (100%)  34,500 (100%)

Ending WIP                          7,800     7,800 (100%)    3,900 (50%)

Total equivalent units                     42,300              38,400

Cost per equivalent unit:   Materials    Conversion

Total cost of production    $158,625      $213,120

Total equivalent units          42,300         38,400

Cost per equivalent unit    $3.75            $5.55

Cost assigned to:                         Materials    Conversion   Total

Units started and completed      $129,375    $191,475      $320,850

Ending Work in Process                 29,250       21,645           50,895

Total cost assigned                     $158,625    $213,120       $371,745

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The research and development department of a large manufacturing company would likely be organized as
zlopas [31]
The choices were <span>A. A profit center.  B. A cost center. C. A revenue center.
D. An investment center.

The answer is B. a cost center. 

Cost centers give profit to a company indirectly. It can come from human resources, the right people for the job are hired makes efficient work done carefully. Research and development is also a cost center because it can search for productive works and innovations that can help the company address its weaknesses. R&D can lower the budget cost and still maintain the quality of products.  </span>
6 0
3 years ago
Last year Carson Industries issued a 10-year, 12% semiannual coupon bond at its par value of $1,000. Currently, the bond can be
Nataly [62]

Answer:

YTM = 8.93%

YTC = 8.47%

Explanation:

P = \frac{C}{2} \times\frac{1-(1+YTC/2)^{-2t} }{YTC/2} + \frac{CP}{(1+YTC/2)^{2t}}

The first part is the present value of the coupon payment until the bond is called.

The second is the present value of the called amount

P = market price value = 1,200

C = annual coupon payment = 1,000 x 12% 120

C/2 = 60

CP = called value = 1,060

t = time = 6 years

P = 60 \times\frac{1-(1+YTC/2)^{-2\times 6} }{YTC/2} + \frac{1,060}{(1+YTC/2)^{2\times 6}}

Using Financial calculator we get the YTC

8.467835879%

P = 60 \times\frac{1-(1+YTM/2)^{-2\times 10} }{YTM/2} + \frac{1,000}{(1+YTM/2)^{2\times 10}}

The first part is the present value of the coupon payment until manurity

The second is the present value of the redeem value at maturity

P = market price value = 1,200

C = coupon payment = 1,000 x 12%/2 = 60

C/2 = 60

F = face value = 1,060

t = time = 10 years

Using Financial calculator we get the YTM

8.9337714%

4 0
3 years ago
Consider the following scenario analysis:
seropon [69]

Based on the scenario analysis on stocks and bonds, we know the following:

  • Treasury bonds will provide a higher return in a recession than in a boom.
  • The expected return of Bonds is 9.8% and that of stocks is 11.6%.
  • The standard deviation of Bonds is 9.24% and that of stock is 11.76%.

<h3>What does the scenario analysis on Bonds and Stocks show?</h3>

In a recession, Bond returns will be 15%. This is much higher than Bond returns in a boom of only 5%.

The expected return on bonds will be:

= ∑(Probability of Scenario x Returns in scenario)

= (0.30 x 15%) + (0.60 x 8%) + (0.10 x 5%)

= 9.8%

The expected return on stocks will be:

= (0.30 x -6%) + (0.60 x 18%) + (0.10 x 26%)

= 11.6%

Using a spreadsheet, you can input the expected returns of the stocks and the bonds to find the standard deviation to be 9.24% and 11.76%, respectively.

Find out more on stock expected returns at brainly.com/question/18724022.

#SPJ1

3 0
2 years ago
The sec generally defers to the fasb concerning controversial disclosure and reporting issues.
xxMikexx [17]

This assertion is true. In addition, the SEC has the remaining accountability to make certain that the FASB deals with troubles referred to it by the SEC.

The cooperative effort between the public and personal sectors has given the United States the first-rate economic reporting gadget in the world, and the Commission is intent on making it even better.

<h3 /><h3>Who does the SEC document to?</h3>

19 The SEC is guilty to Congress as it operates beneath the authority of federal legal guidelines inclusive of the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley Act), amongst others.

Learn more about SEC here:

<h3>brainly.com/question/3798508</h3><h3 /><h3>#SPJ4</h3>

6 0
1 year ago
If d0 = $1.75, g (which is constant) = 3.6%, and p0 = $40.00, what is the stock's expected total return for the coming year?
Orlov [11]

Answer:

The answer is <u>"a. 8.13%".</u>

Explanation:

Given that;

d0 = $1.75

p0 = $40.00

g = 3.6% = 0.036

By using the formula;

Price of the stock = (Dividend this year)(1+g) ÷ (r - g)  

By putting the values;

40 = (1.75)(1+0.036) ÷ (r - 0.036)

r - 0.036 = (1.75)(1.036) ÷ 40

r - 0.036 = 1.813 ÷ 40

r - 0.036 = 0.045325

r = 0.045325 + 0.036

r = 0.081325 = 0.081325 x 100

<u>r = 8.13%</u>

4 0
3 years ago
Read 2 more answers
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