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3 years ago

What specific strategies Gloria can use to help her son make better decisions

1 answer:

7 0

Answer: In the case of Gloria’s son several strategies can be used to help him take better decisions. Gloria’s son was seeking attention and that lead him to take heuristic decisions. Heuristic decisions are the decisions that are taken impulsively without thinking and knowing the consequences.

Here, Gloria should sit down and talk to her son about his bad habits and should make him realize what are the consequences of drinking at a very young age and how it badly affects him physically and mentally.

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Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $130,300 Advertising e

Misha Larkins [42]

Answer and Explanation:

The computation is shown below

a. The cost of goods manufactured is

Materials used in product $130,300

Labor costs of assembly-line workers 116,100

Depreciation on plant 62,500

Property taxes on plant 24,300

Factory supplies used 34,000

Work in process inventory at January 1 $14,400

Less: Work in process inventory at december 1 -$17,600

Cost of goods manufactured $364,000

b. The cost of goods sold is

= Opening finished goods + cost of goods manufactured - ending finished goods

= $61,100 + $364,000 - $48,500

= $376,600

8 0

3 years ago

Shambo Corporation has provided the following contribution format income statement. Assume that the following information is wit

morpeh [17]

Answer:

26.66 or 27%

Explanation:

The computation of the margin of safety percentage is shown below:

Margin of Safety

= 100 - Break Even %

= 100 - 73.33

= 26.66 or 27%

Working Note

Sales (3,000 units) $60,000

Less: Variable expenses -$42,000

Contribution margin -$18,000

CM Ratio (A) 30.00%

Fixed expenses (B) 13,200

Break Even Point C = B ÷ A 44,000

Break Even % of Total Sale 73.33%

5 0

2 years ago

The atmospheric pressure at a place is 650 mm of Hg. Convert this pressure

EleoNora [17]

Ans Solution

Explanation:

4 0

2 years ago

If the cost of goods sold is more than the cost of goods manufactured, then

ivann1987 [24]

Answer:

C. Finished Goods Inventory has decreased.

Explanation:

Cost of goods manufactured (COGM) increases when finished goods inventory is <em>produced</em>, while cost of goods sold (COGS) increases when finished goods inventory is <em>sold</em>. If COGS has been increasing faster than COGM has been increasing, the company has been selling more goods than it has been producing. Therefore, it must have sold goods from its surplus of finished goods inventory. Thus, finished goods inventory has decreased.

8 0

3 years ago

Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended

Pepsi [2]

Answer:

Prepare the cash flows from operating activities section as follows :

Cash Flows from Operating Activities

Income before tax 172,000

Adjustments of Non- Cash Items :

Gain on sale of building ( 12,000)

Depreciation 127,000

Loss on sale of equipment 11,000

Adjustments of Changes in Working Capital :

Increase in Accounts Receivables (120,000)

Decrease in Inventory 116,000

Decrease in Prepaid insurance 34,000

Increase in Accounts payable 105,000

Increase in Salaries Payable 21,000

Increase in Deferred tax liability 12,000

Decrease in Bond discount (22,000)

Net Cash flow from Operating Activities 444,000

Explanation:

Indirect Method Adjust the Net Income before tax with movements in working capital items and non-cash items included in income statements.

3 0

3 years ago