A liquidated debt is an obligation the existence or amount of which is in dispute. Group of answer choices True False

Why would a company choose to outsource? what are the advantages and disadvantages to outsourcing?

maxonik [38]

A company would likely outsource service or manufacturing to reduce service or production costs; this is why a majority of consumer products are made in east Asian countries, as they have very low manufacturing and labor costs. However, these cheap goods and services tend to have lower quality and/or performance when compared to their domestic, higher-priced counterparts. In short, outsourcing is generally used to cut costs, but the quality of goods or services typically suffers to some degree.

8 0

4 years ago

Read 2 more answers

Stubbs Company uses the perpetual inventory method. On January 1, Year 1, Stubbs purchased 1,400 units of inventory that cost $1

jarptica [38.1K]

Answer:

Gross Profit $ 23,253

Explanation:

Stubbs Company

Perpetual Inventory Method

Date Purchases Unit Price Total Cost

January 1, 1,400 units $12.00 $16,800

January 10, 1,600 units $7.25 $11,600

Total 3000 28,400

Weighted Average Cost= 28,400/3000= $ 9.467

Sales 1,600 units at$24.00 =$38,400

COGS 1600 units at $ 9.467 = $ 15,147

Gross Profit $ 23,253

The amount of gross margin reported on the income statement will be: $ 23,253

3 0

3 years ago

How are fixed costs different from variable costs?

Alekssandra [29.7K]

Answer:

How are fixed costs different from variable costs?Fixed costs do not change no matter how much a business produces; variable costs do change.

Explanation:

when a company decides to produce a certain commodity fixed cost and variable costs are the main costs of the company. Fixed costs are constant regardless of the amount of output a company produces . e.g insurance and rental payment while Variable cost changes or varies or with the amount of goods and services produced by a company.e.g money paid for labour.

6 0

3 years ago

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Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicat

elixir [45]

Answer:

Given that,

Direct materials = $100,000

Direct labor = $125,000

Applied factory overhead for Department 1 = $150,000

Direct materials = $50,000

Direct labor = $60,000

Applied factory overhead for Department 2 = $70,000

Therefore, the journal entry is as follows:

Work in Process - Department 3 A/c Dr. $555,000

To Work in Process - Department 2 $555,000

(To record the flow of costs into Department 3 during the period)

Workings:

Work in Process - Department 3:

= $100,000 + $125,000 + $150,000 + $50,000 + $60,000 + $70,000

= $555,000

5 0

4 years ago

Suppose you receive at the end of each year for the next three years. a. If the interest rate is , what is the present value of

Furkat [3]

Answer:

the question is missing the numbers, so I looked for a similar question:

Suppose you receive $100 at the end of each year for the next three years. a. If the interest rate is 8%, what is the present value of these cash flows? (Answer: $257) b. What is the future value in three years of the present value you computed in (a)? (Answer: $324.61) c. Suppose you deposit the cash flows in a bank account that pays 8% interest per year. What is the balance in the account at the end of each of the next three years (after your deposit is made)? How does the final bank balance compare with your answer in (b)?

a) PV = $100/1.08 + $100/1.08² + $100/1.08³ = $257.71

b) FV = $257.71 x (1 + 8%)³ = $324.64

c) FV = ($100 x 1.08²) + ($100 x 1.08) + $100 = $324.64

it is exactly the same as the answer for (b)

5 0

3 years ago