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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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There are only two consumers in a market, Harry and Hermione. Harry is willing to buy 12 magic wands when the price is $20 per w
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Answer:

The answer is 14

Explanation:

8 0
2 years ago
Tim is a single, cash-method taxpayer with an AGI of $50,000. In April of this year, Tim paid $740 with his state income tax ret
oksano4ka [1.4K]

Answer: $5960

Explanation:

Based on the analysis and the information provided in the question, the amount of taxes that Tim can deduct as an itemized deduction will be the addition of the Tim's state income tax return for the previous year, the state tax that was held during the year and the estimated state tax payment. This will be:

= $740 + $4200 + $1020

= $5960

Therefore, the amount of taxes that Tim can deduct as an itemized deduction will be $5960.

3 0
3 years ago
A proprietorship has three important advantages: (1) It is easily and inexpensively formed, (2) it is subject to government regu
Umnica [9.8K]

Answer:

<em>A proprietorship has three important advantages: </em>

(1) It is easily and inexpensively formed,

(2) it is subject to few government regulations, and

(3) it is subject to lower income taxes than are corporations.

<em>However, a proprietorship also has three important limitations: </em>

(1) A proprietor has personal liability for the business' debts.

(2) The life of the business is limited to the life of the individual who created it.

(3) A proprietorship has difficulty obtaining large sums of capital so proprietorships are used primarily for small businesses.

As all company structures, proprietorships have both advantages and disadvantages. Although the advantages mainly relate to feasibility, the disadvantages are often overlooked. The main disadvantage is the total liability of the owner, which is detrimental if the business faces tough times, which lead to liquidation.

5 0
3 years ago
The following information pertains to Pernell Company's pension plan. Beginning PBO: $500,000; current service cost $50,000; dis
monitta

Answer:

= $560,000

Explanation:

Given that:

  • -Beginning PBO: 500,000
  • -Current Service Cost: 50,000
  • -Discount Rate: 6%  => interest cost = 500,000*6% = 30,000
  • -Contributions by Pernell: 40,000
  • -Benefits paid to employees 25,000
  • -Loss on PBO: 5,000

As we know that service cost; gains and losses; payments to retired employees; prior service cost; interest cost; payments to employees are factors that change the balance of the PBO

So the ending balance of the PBO will be:

Beginning PBO + Current Service Cost + Interest cost Loss on PBO -Benefits paid to employees

$500,000 + $50,000+ $30,000+$5,000-$25,000

= $560,000

4 0
2 years ago
An owner of stocks is known as a _____.
user100 [1]
Answer: Investor


I hope this helps and have a wonderful day filled with joy and love!
4 0
3 years ago
Read 2 more answers
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