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Vilka [71]
3 years ago
11

The wireone company manufactures high-quality coated electrical wire in two departments, weaving and coating. materials are intr

oduced at various points during work in the weaving department. after the weaving is completed, the materials are transferred into the coating department, where specialty plastic coating is applied.
Business
1 answer:
storchak [24]3 years ago
6 0
<h2><u>Answer:</u></h2>

Equal Units; Assigning Costs—Weighted-Average Method [LO2, LO3, LO4, LO5] The WireOne Company makes high caliber covered electrical wire in two offices, Weaving and Coating. Materials are presented at different focuses amid work in the Weaving Department.

After the weaving is finished, the materials are moved into the Coating Department, where strength plastic covering is connected. Chosen information identifying with the Weaving Department amid May are given underneath:

The organization utilizes the weighted-normal strategy. Required: 1. Figure the proportional units of creation. 2. Register the expenses per proportional unit for May. 3. Decide the expense of completion work in procedure stock and of the units exchanged to the Coating Department. 4. Set up a cost compromise between the costs decided in (3) above and the expense of starting stock and expenses included amid the period.

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Unimart Precision Manufacturing
Anarel [89]

Answer:

Results are below.

Explanation:

Giving the following information:

Company 1:

Beginning inventory Merchandise $253,000

Cost of purchases 600,000

Ending inventory Merchandise 153,000

Company 2:

Beginning Finished goods $506,000

Cost of goods manufactured 930,000

Ending Finished goods 147,000

<u>To calculate the cost of goods sold, we need to use the following formula:</u>

<u></u>

COGS= beginning finished inventory + cost of goods manufactured/purchased - ending finished inventory

<u>Company 1:</u>

COGS= 253,000 + 600,000 - 153,000

COGS= $700,000

<u>Company 2:</u>

COGS= 506,000 + 930,000 - 147,000

COGS= $1,289,000

7 0
3 years ago
A corporate bond with a 6.5 percent coupon has 15 years left to maturity. It has had a credit rating of BBB and a yield to matur
Scrat [10]

Answer:

Price change in dollars = $104.22

% decrease in price of dollars = 11.13%

Explanation:

We assume the corporate bond have a face value of $1,000

Face Value = $1000

Coupon = 6.5%*1000/2 =32.50

Number of Periods = 15*2 =30

Semi annual rate of BBB bond = 7.2%/2 =3.6%

Price of BBB Bond = PV of Coupons + PV of Par Value =

Price of BBB Bond = 32.50*(((1-(1+3.6%)^-30)/3.6%)+1000/(1+3.6%)^30

Price of BBB Bond = $936.43

Semiannual Discount Rate for BB bond = 8.5%/2 = 4.25%

Price of BB Bond = PV of Coupons + PV of Par Value

Price of BB Bond = 32.50*(((1-(1+4.25%)^-30)/4.25%)+1000/(1+4.25%)^30

Price of BB Bond= $832.21

Price change in dollars = $936.43 - $832.21

Price change in dollars = $104.22

% decrease in price of dollars = $104.22 / $936.43

% decrease in price of dollars = 0.111295025

% decrease in price of dollars = 11.13%

6 0
3 years ago
________ are tradition-bound, suspicious of changes, and adopt an innovation only when it has become something of a tradition it
VARVARA [1.3K]

Answer:

The answer is D. Lagging Adopters

Explanation:

Lagging Adopters is the answer because, this group is slow to adapt to new ideas or technology. They tend to adopt only when they are forced to or because everyone else has already.

6 0
2 years ago
Colleges and universities use funds from a direct stafford loan to pay for _____ first. leftover funds are then disbursed to the
Alexxx [7]
College and universities use funds from direct Stafford loan to pay for school charges first. It is offered to eligible students to help finance their education and it must be repaid and are offered to both undergraduate and graduate students.
3 0
3 years ago
Read 2 more answers
In 2022, Company A had net credit sales of $2,250,000. On January 1, 2022, Allowance for Doubtful Accounts had a credit balance
Zielflug [23.3K]

Answer:

A credit entry of $96,000

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Given that Past experience indicates that the allowance should be 10% of the balance in receivables

Allowance = 10% * $600,000

= $60,000

Amount written off of $90,000 would have made the  balance in  the allowance for doubtful debts to

= $90,000 - $54,000

= $36,000 (Debit)

However, the balance in the account at the end of the year should amount to $60,000 hence the adjustments required

= $60,000 + $36,000

= $96,000 (credit)

5 0
3 years ago
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