Answer:
$2,282,700
Explanation:
Calculation to determine the cost of goods sold for the year
Using this formula
Cost of good sold=Cost of goods manufactured for 2020-(Dec. 31, 2019 Work in process inventory-Dec. 31, 2020Work in process inventory)
Let Plug in the formula
Cost of good sold=$2,422,700- ($160,000-$300,000)
Cost of good sold=$2,422,700- $140,000
Cost of good sold=$2,282,700
Therefore the cost of goods sold for the year is $2,282,700
Answer:
B.Gain of $14,000
Explanation:
Truck Old-Cost $52,000
Accumulated Depreciation ($40,000)
Written Down Value $12,000
New Truck $70,000
Less: Cash paid (44,000)
Sale Proceeds of old truck 26,000
Gain on disposal of old truck=26,000-12,000=$14,000
Answer:
B. 10%
Explanation:
The computation of the effective annual interest rate is shown below:-
Effective annual interest rate = Lease payment third effective interest ÷ Lease payment second balance × 100
= $2,126 ÷ $21,260 × 100
= 10%
Therefore for computing the effective annual interest rate we simply applied the above formula.
Hence the correct option is B.
Answer:
The total expense to educate the students at Webster Elementary School is currently changing per year = $2564
Explanation:
Given - There are currently 487 students enrolled in Webster Elementary School, and the number of students is decreasing at the rate of 16 students per year. Currently the annual expense to educate one student is $1,256, and the expense to educate one student is increasing at the rate of $36 per year.
To find - Use the product rule to determine the rate at which the total expense to educate the students at Webster Elementary School is currently changing per year.
Proof -
Total number of students = 487
Students decreasing rate per year = 16 students
Annual expense to educate 1 student = $ 1256
The increasing rate for 1 student per year = $ 36
Now,
Total increasing cost = 487 × 36 = $ 17532
Now,
Total cost of decreasing students per year = $ 1256 ×16 = $ 20096
Now,
Rate of change = $ 20096 - $ 17532 = $2564
∴ we get
The total expense to educate the students at Webster Elementary School is currently changing per year = $2564
The capacity requirement for a week at Work Center A is 151 hours
Explanation:
Labor hours per unit of component in automobile factory = 0.75 hours
Setup time required in Work Center A = 1 hour
The planned order size for a week = 200 units.
Capacity = Setup time + [Processing time × Order size].
- Capacity = 1 + (0.75 * 200)
- Capacity = 1 + 150
- Capacity = 151 hours