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telo118 [61]
2 years ago
13

The following costs were incurred in May: Direct materials $ 44,800 Direct labor $ 29,000 Manufacturing overhead $ 29,300 Sellin

g expenses $ 26,800 Administrative expenses $ 37,100 Conversion costs during the month totaled: Multiple Choice $74,100 $58,300 $167,000 $73,800
Business
1 answer:
trapecia [35]2 years ago
5 0

Answer:

Conversion cost= $58,300

Explanation:

Giving the following information:

Direct labor $ 29,000

Manufacturing overhead $ 29,300

<u>The conversion costs are the sum of the direct labor and manufacturing overhead:</u>

Conversion cost= direct labor + Manufacturing overhead

Conversion cost= 29,000 + 29,300

Conversion cost= $58,300

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The firm is currently in the process of forecasting sales, asset requirements, and required funding for the coming year. In the
Phantasy [73]

Answer: $60,000

Explanation:

Sales are expected to grow by 15% so current Liabilities will also have to increase by 15% in order to fund the increase in Assets.

Increase in Spontaneous liabilities = Increase in sales * Current Liabilities

= 15% * (Accounts Payable + Accrued Liabilities)

= 15% * (250,000 +150,000)

= $60,000

8 0
3 years ago
6. Describe at least 5 skills or characteristics you could develop while working for someone else
lutik1710 [3]

In this situation there many skills that a person is capable to develop.

Self-confidence

Self-knowledge

Initiative

Competitiveness

Empathy

Self-confidence and Self-knowledge  these skills are important for you to take risks and have security, they are great for entrepreneurship, aiming to be a leader and entrepreneur. To do this, get out of your comfort zone and start getting a broader view of how far you can go; mark your goals on paper, circle those you've already achieved, and always determine new ones; run away from very protective people and superiors who do not delegate tasks, limiting their ability; To improve your self-awareness, try to see how people around you see you or look for a subject matter expert, such as a therapist, to improve your personal abilities.

Initiative serves to turn good ideas into practice. It is acting with speed and innovation. To leverage this ability: Offer help in solving difficult and unpredictable situations; If you tend to avoid risks, consider past mistakes as new opportunities for learning. develop activities that are related to the initiative such as delegating tasks, cost-benefit analysis; clarify your priorities to put them into practice.

Competitiveness is to have clear goals, don't settle for reaching the common goal. Worrying about doing a great job, going beyond the goals set by your superiors, having a tendency to innovate and enjoying things you couldn't before. All of these factors refer to sound competitiveness, a step to success. This skill is closely linked to your emotions and personal motivations.

Empathy is the key skill, especially for those who deal directly with customer service and service professionals, as it is up to these professionals to empathetically identify what their customers really need. In fact, empathy develops with practice, first consciously (taking notes of what the other says, listening to doubts and needs) and then converting it into a daily habit.

6 0
3 years ago
When elasticity of demand is equal to one and the change in the quantity demanded and the change in price are exactly proportion
tatyana61 [14]

Answer:

The correct answer is: unitary elasticity.

Explanation:

Unitary elasticity takes place when the change in quantity demanded of a good or service represents a proportional change in price. Under this scenario, the elasticity -<em>measure of how prone is to react a good or service in price due to change in other factors, ceteris paribus</em>- equals to 1.

6 0
3 years ago
Describe the main differences for revenue spending between ""for profit"" companies and ""not for profit"" companies. Describe h
Ket [755]

Answer with Explanation:

The analysis includes the assessment of Non profit organization's efficiency both in fundraising and spending, economy of operations and the effectiveness of the operations. This can be explained with an example. For example if the non profit organization has an objective to increase the book reading habit because it believes that the people who read more are not violent personalities and in this way they can reduce the crime rate. So it has established number of libraries in different communities. Now we will look at at what cost it has acquired these libraries (Economy), how much people have visited these libraries (Efficiency) and whether the crime rate in the community has sufficiently fallen or not (Effectiveness). So this helps in understanding whether the objective was met or not.

However when we analyze the financial statement of profit making organizations then we use many profit and efficiency ratios to assess the performance of the organization. These ratios can also be helpful if the NGO is in business as well. But most of the NGOs rely on grants and these grants are subjective to their previous performance.

The NGOs are also required to publish reports according to the grant provider's enforced accounting principles, rules and guidelines. Just take the example of US-AID program that requires the Non profit organization to publish financial reports in specific format and enforces different Generally Acceptable Principles to be used in preparing these financial reports. So yes it is much more different in analyzing the financial statements of Non profit organization and profit making organization.

8 0
3 years ago
How does inertia affect a person who is not wearing a seatbelt during a collision?
Zepler [3.9K]
The passanger will move with the collision
4 0
3 years ago
Read 2 more answers
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