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vaieri [72.5K]
3 years ago
5

Blanche Corporation adds materials at the end of the process in the injection department, which is the second of two stages of i

ts production cycle. Information concerning the materials used in the forming department in April follows: Units Materials CostsWork in process at March 1 30,000 $60,000Units transferred from previous department during March 125,000 $360,000Units completed and transferred to next department during March 120,000Using the average cost method, what is the material cost of the work in process at March 31 (rounded to the nearest dollar)?a. $108,000b. $126,000c. $120,000d. $0
Business
1 answer:
inn [45]3 years ago
3 0

Answer:

The material cost of the work in process at March 31 is d. $0

Explanation:

Note: Equivalent unit of Work in process of Material is 0 as material are added at the end of process which leads to total cost of material of work in proccess = 0.

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Which of the following statements is FALSE? There is no need to evaluate mutual fund investments because investment companies hi
Anna35 [415]

Answer: Statement that “There is no need to evaluate mutual fund investments because investment companies hire the best professional managers they can to manage their funds “ is FALSE

 A mutual fund is a pool of stocks, bonds or other funds where an investor purchase his shares. He gets one to meet his investment goals so evaluating a mutual fund's performance is needed and must involve thorough research to lessen risk.  

 Professional fund managers do make mistakes, so it is a must that investors continually evaluate their mutual fund investments. 

8 0
3 years ago
Read 2 more answers
a person was able to invest 1,000 per month for 30 years with interest rate of 5%. 1. find out how much the person will have in
sveticcg [70]

Answer:

1.  $832,258.64

2. $616,550.50

3. $476,407.77

Explanation:

As the question is concerned, we are to calculate the Future value for the following data

1. PV = 0

PMT = 1,000

N = 30*12 = 360

I = 5%/12

Future Value = PV (PMT, N, I)

Future Value =  PV(0, 1,000, 360,0.05/12)

Future Value =  $832,258.6354

Future Value =  $832,258.64

2.   PV = 0

PMT = 1,500

N = 20*12 = 240

I = 5%/12

Future Value = PV (PMT, N, I)

Future Value = PV  (0, 1,500,240, 0.05/12]

Future Value = 616,550.5028

Future Value = $616,550.50

3.  PV = 0

PMT = 800

N = 25*12 = 300

I = 5%/12

Future Value = PV (PMT, N, I)

Future Value =  PV (0, 800, 300, 0.05/12]

Future Value = 475,407.7668

Future Value = $476,407.77

7 0
3 years ago
Timothy was tasked with creating the budget for the next fiscal year. He had to create a cost-profit analysis report of all the
Helga [31]

Obviously, Mr Timothy’s position within the company is Chief Financial officer

Chief Financial officer is the officer responsible for management of company's finances and top-level budgets.

So, as the Chief Financial officer, his responsibility includes:

  • creating the budget for a fiscal year
  • creating a cost-profit analysis report
  • identifying avenues for possible cost reduction in the budget

In conclusion, Mr Timothy’s position within the company is Chief Financial officer

Read more about CFO

<em>brainly.com/question/25511920</em>

3 0
3 years ago
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A computer company had $3,000,000 in research and development costs. Before recording these costs, the net income of the company
JulijaS [17]

Answer:

Net income of the company accounted for $400,000

Explanation:

Net income is the income or the amount of residual income from the earnings after deducting all the expense or cost from the sales.

The net income or loss of the company accounted for is computed as:

Net Income or Loss = Net Income - Research and Development cost

where

Net Income amounts to $3,400,000

Research and Development cost amounts to $3,000,000

So, putting the values above:

Net Income or loss = $3,400,000 - $3,000,000

Net Income  = $400,000

7 0
3 years ago
Use "auto.Dta". The study claims that average price of foreign cars is more than average price of domestic cars. Check validity
Lynna [10]

Answer:

Yes.

Explanation:

Yes, the claim of statement ''The study claims that average price of foreign cars is more than average price of domestic cars.'' is correct because the cars which is imported from foreign countries have high duty on them. This duty tax on these cars make them very expensive while on the other hand, the domestic cars have no duty on it so they are lower in price as compared to foreign cars.

5 0
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