An injection-molding machine has a first cost of $1,050,000 and a salvage value of $225,000 in any year. The maintenance and operating cost is $235,000 with an annual gradient of $75,000. The MARR is 10%. What is the most economic life

Answers

Answer 1
the answer for this question is 25%

Related Questions

Question 5
Discuss the advantages and disadvantages of holding too little and too much stock.​

Answers

Explanation:

having too much stock equals extra expense for you as it can lead to a shortfall in your cash flow and incur excess storage costs. having too little stock equals lost income in the form of lost sales, while also undermining customer confidence in your ability to supply the products you claim to sell.

Answer:

Explanation:

advantages of little stock are

the product may be sold as a requirement

disadvantage of little stock

the stock may finish at anytime

adavantage of too much stock

the product if finished can be re brought

disadvantage

the product stock may be even left for too long time

Gross private domestic investment includes business: a. purchases of capital goods, all new construction, and inventory investment. b. purchases of all types of durable goods, all new construction, and inventory investment. c. purchases of capital goods, all new construction, and purchases of consumer durable goods. d. purchases of capital goods, all new commercial construction, and inventory investment.

Answers

Answer:

a. purchases of capital goods, all new residental constructionand inventory investment

Explanation:

It is the investment measure used for determining the GDP. It is an important part of GDP as it is used as an indicator for the productive capacity i.e. future. It involves the purchase i.e. replacement, net addition made to the capital assets, and the investment made in inventories

So according to this, the option a is considered as it involved all three thins that are shown above

Firm A is very aggressive in its use of debt to leverage up its earnings for common stockholders, whereas Firm NA is not aggressive and uses no debt. The two firms' operations are identical--they have the same total investor-supplied capital, sales, operating costs, and EBIT. Thus, they differ only in their use of financial leverage (wd). Based on the following data, how much higher or lower is A's ROE than that of NA, i.e., what is ROEA - ROENA?
Applicable to Both Firms Firm A's Data Firm NA's Data
Capital $180,000 ___________ 50% ___________ 0%
EBIT $40,000 Int. rate 12% Int. rate 0%
Tax rate 35%
A) 10.25%.
B) 12.01%.
C) 10.35%.
D) 12.12%.
E) 12.84%.

Answers

Answer:

Kindly check the because my below submission is water tight

Explanation:

First and foremost, we need to determine the net income for both companies bearing in mind that the for firm A interest expense is 12% of debt capital whereas debt capital is 50% of total capital of $180,000 since the  debt ratio(debt/total capital) of firm of Firm A is 50% and 0% for Firm NA

EBIT=$40,000

tax rate=35%

Firm A:

Debt capital=50%*$180,000=$90,000

Equity=50%*$180,000=$90,000

interest expense=$90,000*12%

interest expense=$10,800

Earnings before tax=$40,000-$10,800=$29,200

net income=earnings before-tax*(1-tax rate)

net income=$29,200*(1-35%)

net income=$18,980

return on equity=net income/equity

return on equity=$18,980/$90,000

return on equity=21.09%

Firm NA:

Equity=$180,000

debt=0%

EBIT=$40,000

no debt, no interest expense

net income=$40,000*(1-35%)

net income=$26,000

return on equity=$26,000/$180,000

return on equity=14.44%

ROEA - ROENA=21.09%-14.44%=6.65%

A company started the year with the following: Assets $104,000; Liabilities $34,000; Common Stock $64,000; Retained Earnings $6,000. During the year, the company earned revenue of $5,400, all of which was received in cash, and incurred expenses of $3,200, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $1,400 to owners. Assume no other activities occurred during the year. What was the amount of net income for the year?
a. $3,200.
b. $2,200.
c. $1,400.
d. $5,400.

Answers

Answer:

b. $2,200.

Explanation:

Net income = Revenue - Expenses

Net income = $5,400 - $3,200

Net income = $2,200

Therefore, the amount of net income for the year is $2,200

During 1970, the "year of the environment," all of the following occurred except _____.


the National Oceanic Atmospheric Administration (NOAA) was founded

the Environmental Protection Agency (EPA) was founded

the Clean Air Act was enacted

the Clean Water Act was enacted

Answers

During 1970, the "year of the environment," all of the following occurred except__the Clean Water Act was enacted_[enacted on 1972].

Which of the following statements is true about work hour
regulations for 14 and 15-year-olds?
A. They can work up to 40 hours during a non-school week
B. They can work until 10 p.m. during the summer
C. They can work up to 5 hours during school days
D. They can only work outside school hours; no exceptions

Answers

I think A if not than B I’m sorry if I’m incorrect

Answer:

A

Explanation:

define biospheredefine biosphere ​

Answers

Answer:

Explanation:

The biosphere (from Greek βίος bíos "life" and σφαῖρα sphaira "sphere"), also known as the ecosphere (from Greek οἶκος oîkos "environment" and σφαῖρα), is the worldwide sum of all ecosystems. It can also be termed the zone of life on Earth. The biosphere is virtually a closed system with regards to matter, with minimal inputs and outputs. With regards to energy, it is an open system, with photosynthesis capturing solar energy at a rate of around 130 Terawatts per year. However it is a self-regulating system close to energetic equilibrium. By the most general biophysiological definition, the biosphere is the global ecological system integrating all living beings and their relationships, including their interaction with the elements of the lithosphere, cryosphere, hydrosphere, and atmosphere. The biosphere is postulated to have evolved, beginning with a process of biopoiesis (life created naturally from non-living matter, such as simple organic compounds) or biogenesis (life created from living matter), at least some 3.5 billion years ago.

Answer:

the regions of the surface, atmosphere, and hydrosphere of the earth (or analogous parts of other planets) occupied by living organisms.

Durable goods $3,000 Services 6,000 Business purchases of capital goods 400 Fixed investment 850 Exports 600 Imports 800 Nondurable goods 700 Inventory investment 200 Government transfer payments 100 Purchases of new residential housing 450 Government purchases 900 Refer to Exhibit 7-3. Consumption is equal to

Answers

Answer:

$9,700

Explanation:

The computation of the consumption is shown below;

= Durable goods + Services + Non-durable goods

= $3,000 + $6,000 + $700  

= $9,700  

We simply added the durable goods, services and the non-durable goods so that the consumption could be come

Hence, the consumption is $9,700

Therefore the same is to be considered

Bengal Co. provides the following unit sales forecast for the next three months: July August September Sales units 4,400 5,100 4,960 The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,100 units. The budgeted production units for July are:

Answers

Answer:

the budgeted production units for July are 4,575 units

Explanation:

The computation of the budgeted production units for July are shown below:

= July units + ending units - beginning untits

= 4,400 units + (5,100 × 25%) - 1,100 units

= 4,400 units + 1,275 units - 1,100 units

= 4,575 units

Hence, the budgeted production units for July are 4,575 units

Hence, the same would be considered and relevant

The I-75 Carpet discount store has annual demand of 85,700 yards for Super Resistant carpet. The annual carrying cost for a yard of this carpet is $2.25 per yard and the ordering cost is $350. The store is open 52 weeks per year. Assume that the expected value of daily demand is 200, that the standard deviation for daily demand is 4 and that the lead time to fill an order is 11 days. Assume that the EOQ is 5164 yards. What would be the reorder point for a 95% service level?

Answers

Answer:

2,421.89

Explanation:

Reorder point = Daily demand*Lead time + Z*STANDARD DEVIATION *√(Lead time)

Reorder point = 300*8 + 1.65*4*√11

Reorder point = 2,400 + 21.8897

Reorder point = 2,421.8897

Reorder point = 2,421.89

So, the reorder point for a 95% service level is 2,421.89.

Rodney (a fictional person) was self-employed, running a successful business, seemingly healthy, and never thought he would have financial problems. Being self-employed, he lacked health insurance. One day on the job, Rodney suffered a heart attack and was hospitalized for a week. As a result, he owed more than $100,000 in hospital and medical bills to the hospital. After the heart attack, Rodney could not work in his physically demanding line of work, and his business suffered dramatically. The bills and mortgage payments kept piling up, and Rodney was sinking fast. On top of the medical bills and mortgage, he owed thousands of dollars to multiple companies and creditors. Rodney considered selling his house to get out of the financial crisis he was in, but the value of the house had dropped significantly. After much consideration, Rodney decided to file, bankruptcy. In the end, he decided he would rather have a bankruptcy on his record instead of dealing with a mountain of debt.
1. Bankruptcy, ___________occurs when a debtor turns over all assets to a trustee, an individual who takes over administration of the debtor's estate.
a. An order of relief
b. An automatic stay
c. Relief
d. Liquidation
e. Bankruptcy
2. Who is defined as a debtor for liquidation purposes? Can Rodney file for bankruptcy?
a. Banks; Rodney cannot file.
b. Individuals; Rodney can file.
c. Health Maintenance Organizations; Rodney cannot file.
d. Partnerships: Rodney cannot file
e. Corporations; Rodney cannot file
3. Suppose that Rodney did not intend to file for voluntary liquidation. Could he be forced into bankruptcy?
a. No, he must file the bankruptcy himself.
b. Yes, because he has more than 12 creditors.
c. Yes, because he has a single creditor with a claim of more than $12,300 in debt.
d. No, because people who are self-employed cannot be forced into filing.
4. Rodney has a lot of creditors that are trying to sue him for the debt he owes. One benefit of filing is that once a petition is filed, the code provides for a(n) _______________for almost all creditor litigation against the debtor.
a. Liquidation
b. Order of relief
c. Creditor’s meeting
d. Preferential payment
e. Automatic stay
5. If the filing of Rodney's voluntary petition is proper, the petition automatically becomes a(n):_____.
a. Fraudulent transfer
b. Creditor’s meeting
c. Preferential payment
d. Discharged debt
e. Order of relief.
6. Suppose Rodney fails to show up at his creditors' meeting with his creditors because he is scared to meet with the hospital representatives. What is a possible consequence of his failure to show?
a. His creditors will be allowed to sue him for failure to show.
b. The court may refuse to grant the bankruptcy
c. Rodney will be charged with a criminal offense.
d. There is no penalty for missing a creditor’s meeting.
e. His appointed trustee will be penalized, but Rodney will not.

Answers

Answer:

1. Bankruptcy, ___________occurs when a debtor turns over all assets to a trustee, an individual who takes over administration of the debtor's estate.

b. An automatic stay

2. The person defined as a debtor for liquidation purposes is

b. Individuals; Rodney can file.

3. If Rodney did not intend to file for voluntary liquidation, he could not be forced into bankruptcy.  a. No, he must file the bankruptcy himself.

4. One benefit of filing is that once a petition is filed, the code provides for a(n) _______________for almost all creditor litigation against the debtor.

e. Automatic stay

5. If the filing of Rodney's voluntary petition is proper, the petition automatically becomes a(n):_____.

e. Order of relief.

6. A possible consequence of Rodney's failure to show up at a creditors meeting is:

b. The court may refuse to grant the bankruptcy

Explanation:

In bankruptcy practices, an order for relief invokes the automatic stay.  It is a block on Rodney's debts which brings down the iron curtain, thus, separating Rodney's pre-bankruptcy from his post-bankruptcy.  It automatically creates a bankruptcy estate, which prohibits all unauthorized transfers of the Rodney's property.

Perfectly competitive, unregulated markets with no externalities will provide the efficient level of Group of answer choices private goods. private goods, artificially scarce goods, and common property resources. private goods and artificially scarce goods. private goods, artificially scarce goods, common property resources, and public goods. canva

Answers

Answer: private goods

Explanation:

Private goods are referred to as the goods that are excludable and also possess the characteristics of rivalry. Such goods can only be consumed when people pay for them and those who don't pay will noy benefit from the goods.

The demand and supply of private goods will bring about an efficient level of output such that the demand will be equal to the supply. It should be noted that other goods may be faced with challenges like the externality problem, free rider problem etc.

Bramble Corp. factors $3250000 of its accounts receivables without recourse for a finance charge of 4%. The finance company retains an amount equal to 9% of the accounts receivable for possible adjustments. Bramble estimates the fair value of the recourse liability at $300000. What would be the debit to Cash in the journal entry to record this transaction

Answers

Answer: $3,672,500

Explanation:

Based on the information given in the question, the debit to cash in the journal entry to record this transaction will be:

= $3,250,000 - ($3,250,000 × 4%) + ($3,250,000 × 9%)

= $3,250,000 - $130,000 + $292,500

= $3,672,500

Therefore, the debit to cash will be $3,672,500.

g Other things equal, an improvement in the expected rate of net profit would Multiple Choice reduce the price level and unemployment. decrease the interest rate and cause aggregate demand to increase. increase consumption and net exports, causing aggregate demand to shift rightward. increase investment spending, real GDP, and the price level.

Answers

Answer:

Other things equal, an improvement in the expected rate of net profit would

increase investment spending, real GDP, and the price level.

Explanation:

When the net profit or income improves, the ability of entities to increase their investment spending is enhanced dramatically.  The cascading effect improves the real GDP as more investments are made to take advantage of the increased profit rate.  Overall, the price level will also increase with increased aggregate demand, coupled with improved investment, employment rate, and improvements in other market indices.

GDP is the Gross Domestic Product is the measurement tool of the market or the economy. It is for all the final goods and services being provided to the final consumer of the goods or services.

When other things are equal then if there is an improvement in the expected rate of net profit then it would also increase the investment spending, the real GDP, and the price level.

Due to the increase in the net profit or the net income of the business, then the ability of the entity towards its investment spending is also enhanced. This is the cascading effect that will also impact the improvement in the real GDP, this is because more investments are made by the entity to take advantage of the increased profit margin rate. This will substantially increase the price level of the goods or services.

To know more about GDP, refer to the link:

https://brainly.com/question/23126579

Selma Inc. is comparing several alternative capital budgeting projects as shown below.
Projects A B C
Initial Investment $40,000 $60,000 $80,000
Present value of cash inflows $60,000 $55,000 $100,000
Using the profitability index, rank the projects, starting with the most attractive.

Answers

Answer:

A

C

B

Explanation:

1.5

0.9

Gary Wheeler says that in a nonunion environment, workers who have problems with the company can potentially use alternative dispute resolution processes. A union environment has a similar process called ________, where workers can protest organization actions that they think violate the collective bargaining agreement.

Answers

Answer:

the grievance procedure

Explanation:

Here are the options

picketing

fact finding

the corporate campaign

the grievance procedure

decertification

the grievance procedure is the formal way by which an employee can make a grievance or complaint known to their employers. It is a means of internal grievance resolution.

Steps to grievance procedure

the employee submits their complaint to their supervisorthe supervisor and the union representative review the case to determine if it is valid or not. if it is not valid, the grievance is discarded if it is valid, the grievance is resolvedIf the employee is not satisfied with the way the grievance is resolved, the employee can report to another person with a hierarchy. Here the union represents the employee

Prompt What is market information?

Answers

Market information refers to data, facts, and insights related to a particular market or industry, which can be used to analyze and understand market dynamics, trends, and opportunities.

What is market?

Market includes information about market size, market share, customer preferences, competitor analysis, pricing trends, demand and supply dynamics, regulatory changes, technological advancements, consumer behavior, and other relevant factors that impact the performance and competitiveness of a market. Market information is essential for businesses, policymakers, investors, and other stakeholders to make informed decisions, develop marketing strategies, identify business opportunities, assess risks, and stay competitive in the marketplace. It is typically gathered through market research, data analysis, market reports, surveys, and other sources, and it plays a crucial role in shaping business strategies and market outcomes.

To know more about market, visit:

https://brainly.com/question/17284274

#SPJ1


Once you have chosen a topic, what should you do before beginning the research process?
Find as many possible facts and details on c. Discuss your idea with others
your topic
a. Find as many possible facts and details on your topic
b. Choose a position
C.Discuss your idea with others
d. None of these

Answers

Answer:

the correct answer is option A.

Answer:

C: Discuss your idea with others

Explanation:

the answer IS NOT A, that other person is wrong!!

1 points eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 6 Beverly Company has determined a standard variable overhead rate of $3.80 per direct labor hour and expects to incur 0.50 labor hour per unit produced. Last month, Beverly incurred 1,600 actual direct labor hours in the production of 3,300 units. The company has also determined that its actual variable overhead rate is $2.40 per direct labor hour. Calculate the variable overhead rate and efficiency variances as well as the total amount of over- or underapplied variable overhead.

Answers

Answer:

$8,700

Explanation:

Variable Overhead Rate Variance = Actual Hours *(Actual Rate - Standard Rate) =

Variable Overhead Rate Variance = 1,600 * ($2.40 - $3.80)

Variable Overhead Rate Variance = 1,600 * $1.40 F

Variable Overhead Rate Variance = $2240 F

Variable Overhead Efficiency Variance = Standard Rate*(Actual Hours - Standard Hours) =

Variable Overhead Efficiency Variance = $3.80*(1,600 - 0.50*3,300)

Variable Overhead Efficiency Variance = $3.80* 50 F

Variable Overhead Efficiency Variance = $190 F

Over- or Underapplied Variable Overhead = Actual Overhead Incurred - Overhead Applied

Over- or Underapplied Variable Overhead = 1600*$2.40 - 3,300*$3.80

Over- or Underapplied Variable Overhead = $3840 - $12540

Overapplied Variable Overhead = $8,700

You have the following information for Crane Company for the month ended October 31, 2022. Crane uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 50 $22 Oct. 9 Purchase 110 24 Oct. 11 Sale 90 35 Oct. 17 Purchase 90 26 Oct. 22 Sale 50 40 Oct. 25 Purchase 60 28 Oct. 29 Sale 100 40 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 0 decimal place, e.g. 125.) Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, e.g. 51.2%)

Answers

Answer:

Crane Company

1. Weighted average cost per unit = $25.032

2.                                       (1) LIFO         (2) FIFO          (3) Average-cost

Ending inventory                $1,580          $1,940                  $1,752

Cost of goods sold               6,180           5,820                   6,008

Sales revenue                    $9,150         $9,150                  $9,150

Gross profit                          2,970           3,330                    3,142

Gross profit rate                  32.5%          36.4%                   34.3%

Explanation:

a) Data and Calculations:

Date       Description              Units    Unit Cost or Selling Price         Total

Oct. 1      Beginning inventory  50            $22                           $1,100

Oct. 9     Purchase                   110              24                            2,640

Oct. 11    Sale                           (90)                                   $35               $3,150

Oct. 17    Purchase                   90              26                            2,340

Oct. 22  Sale                           (50)                                     40                2,000

Oct. 25  Purchase                   60              28                             1,680

Oct. 29  Sale                         (100)                                     40                4,000

Total                     310 (240) = 70                                             $7,760 $9,150

Weighted average cost per unit = $25.032

LIFO:

Ending inventory

= (50 * $22) + (20 * $24)

= $1,100 + $480

= $1,580

Cost of goods sold = $7,760 - $1,580 = $6,180

FIFO:l

Ending inventory:

= (60 * $28)  + (10 * $26)                  

= $1,680 + $260 = $1,940

Cost of goods sold = $7,760 - $1,940 = $5,820

Weighted-average costs:

Ending inventory = 70 * $25.032 = $1,752

Cost of goods sold = $7,760 = $1,752 = $6,008

Jacoby Company received an offer from an exporter for 25,400 units of product at $18 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available: Domestic unit sales price $21 Unit manufacturing costs: Variable 13 Fixed 5 The differential revenue from the acceptance of the offer is

Answers

Answer:

Differential income from the special order= $127,000

Explanation:

A company should accept a special order where the order generates additional contribution. i.e where the special order sales exceeds all relevant cost.

The relevant cost for decision to accept the special order are  

I Incremental Revenue from the special order  

2. incremental variable cost

Contribution per unit = 18-13=5

Total contribution from special order = contribution per unit × units

                                                      = 5× 25,400=$127,000

Differential income from the special order= $127,000

Note that whether or not the special order is accepted the fixed manufacturing and fixed operating expenses of would be incurred either way. Therefore , they are not relevant for the decision

Which statements describe options for exporting query data? Select all that apply.
Copy a database object and paste it into a new program.
Save the entire database as a spreadsheet.
Save a single database object in a new file type, such as .csv.
Copy the entire database and paste it into a new program.
DONE

Answers

Answer:

1)Copy a database object and paste it into a new program

3) Save a single database object in a new file type, such as .csv

Explanation:

1. The amount of income that would result from an alternative use of cash is called opportunity cost.
A. True
B. False
2. When a segment of a company is showing a net loss, it is always best to discontinue the segment in order not to continue with losses.
A. True
B. False

Answers

Answer: 1. True

2. False

Explanation:

1. Opportunity cost simply means the cost of what we've to forgo for something else. It's the amount of income which would be gotten when we use cash in an alternative way. Therefore, the answer is true.

2. A net loss occurs when the expenses are more than the income for a given period of time. Rather than discontinuing, it's required for a disclose to be made based on the rules, Therefore, the correct answer is false.

Huron has provided the following year-end balances: Cash, $29,000 Patents, $7,400 Accounts receivable, $9,400 Property, plant, and equipment, $98,400 Prepaid insurance, $4,100 Accumulated depreciation, $15,000 Inventory, $39,000 Retained earnings, 15,500 Trademarks, $13,100 Accounts payable, $8,000 Goodwill, $16,000 How much are Huron's current assets

Answers

Answer:

$81,500

Explanation:

Given the information above, Hurron's current asset will be computed using the formula below.

= Cash + Accounts receivables + Prepaid insurance + Inventory

= $29,000 + $9,400 + $4,100 + $39,000

= $81,500

Therefore, Hurron's current assets is $81,500.

Which of the following is not one of the three types of business arrangements in the United
States?

A. sole proprietorship

B. partnership

C. corporation

D. sole partnership

Answers

Answer:

a

Explanation:

After a project has been accepted, the decision to lease or buy is determined by the present value of the lease's cash flows when discounted at the project's risk-adjusted cost of capital.

true or false?

Answers

This is true information.
The answer would be true

Your company has finished working on an open world video game, CyberPerson 2080. You now have a decision to make. You can auction your game off to a publisher, or you can keep your game and do the marketing and publishing yourself. If you auction your game off, your analytics team estimates there is a 25% chance you will earn $5 million, a 35% chance you will earn $12 million, and a 40% chance you will earn $16 million. If you keep your game, your marketing and publishing costs will be $7 million. If you keep your game, your analytics team estimates there is a 30% chance your game will be a critical and commercial hit, a 25% chance your game will sell well and make gross revenues of $12 million, and a 45% chance another similar game will come out at the same time and you will make gross revenues of $1 million.

If your game is a critical and commercial hit, there is a 60% chance it is on the "best of the year" lists and makes gross revenues of $64 million, a 35% chance it stays on the top seller lists for weeks and makes gross revenues of $28 million, and a 5% chance it makes gross revenues of $18 million. Assume you make decisions using expected value, and you are an expected value maximizer. If you make the optimal decision, how much will you expect to earn from your game?

Answers

Answer:

CyberPerson 2080

If you make the optimal decision, the amount you will expect to earn from your game is:

= $11.85 million.

Explanation:

a) Data and Calculations:

Expected value of game being a critical and commercial hit:

Probability   Gross Revenue    Expected Revenue

60%                 $64 million           $38.4 million

35%                   28 million                9.8 million

5%                      18 million                0.9 million

100%                                              $49.1 million

Value of auctioning game:

Probability   Gross Revenue    Expected Revenue

25%                    $5 million              $1.25 million

35%                   $12 million             $4.20 million

40%                   $16 million             $6.40 million

100%                                                $11.85 million

Value of keeping game:

Probability   Gross Revenue    Expected Revenue

100%                -$7 million                -$7.00 million

30%              $49.1 million                $14.73 million

25%                 $12 million                $3.00 million

45%                   $1 million                 $0.45 million

100%                                                  $11.18 million

b) The optimal solution will be to auction the game and make $11.85 million, which is higher than $11.18 million made from keeping the game and doing the marketing and publishing.

The following credit sales are budgeted by Sunland Company: January $274000 February 350000 March 470000 April 360000 The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of April is

Answers

Answer:

$374,000

Explanation:

April Collection = $360000 x 70 % + $ 470000 x 20 % + $ 350000 x 8 %

                           = $374,000

The anticipated cash inflow for the month of April is $374,000

FIFO Method, Equivalent Units, Unit Cost, Multiple Departments
Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was $40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments. The second department (Polishing) had the following physical flow schedule for December:
Units to account for:
Units, beginning work in process 4,000 (40% complete)
Units started ?
Total units to account for: ?
Units accounted for:
Units, ending work in process 8,000 (50% complete)
Units completed ?
Units accounted for ?
1-a. Prepare a schedule of equivalent units.
1-b.Compute the unit cost for the month of December.

Answers

Question Completion:

Costs in beginning work in process for the Polishing Department were direct materials, $5,000; conversion costs, $6,000; and transferred in, $8,000. Costs added during the month: direct materials, $32,000; conversion costs, $50,000; and transferred in, $40,000.

Answer:

Fordman Company

1-a. A Schedule of Equivalent Units:

                                             Direct materials  Conversion  Transferred in

Beginning work in process     2,400 (60%)       2,400 (60%)     2,400 (60%)

Units transferred out             16,000 (100%)    16,000 (100%)  16,000 (100%)

Ending work in process          4,000 (50%)       4,000 (50%)     4,000 (50%)

Equivalent units                    22,400               22,400              22,400

1-b. Cost per unit for the month of December = $5.45

Explanation:

a) Data and Calculations:

Beginning work in process:

Direct materials costs = $5,000

Conversion costs = $6,000

Transferred-in costs = $8,000

Units transferred from the Grinding Department = 20,000

                                              Direct materials  Conversion  Transferred in

Cost added during the month   $32,000         $50,000         $40,000

Equivalent units of production:

                                             Direct materials  Conversion  Transferred in

Beginning work in process     2,400 (60%)       2,400 (60%)     2,400 (60%)

Units transferred out             16,000 (100%)    16,000 (100%)  16,000 (100%)

Ending work in process          4,000 (50%)       4,000 (50%)     4,000 (50%)

Equivalent units                    22,400               22,400              22,400

Cost per equivalent unit:

                                             Direct materials  Conversion  Transferred in

Cost added during the month   $32,000         $50,000         $40,000

Equivalent units                            22,400           22,400           22,400

Cost per equivalent unit             $1.43                $2.23             $1.79

Cost per unit for the month of December = $5.45 ($1.43 + $2.23 + $1.79)

Physical Flow Schedule for December:

Units to account for:

Units, beginning work in process 4,000 (40% complete) 60% in the month

Units started                                20,000

Total units to account for:           24,000

Units accounted for:

Units, ending work in process     8,000 (50% complete)

Units completed                          16,000

Units accounted for                   24,000

A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable $ 383,000 debit Allowance for uncollectible accounts 580 credit Net Sales 880,000 credit All sales are made on credit. Based on past experience, the company estimates that 0.5% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared

Answers

Answer:

$4,400

Explanation:

The computation of the bad expense amount debited is shown below:

Since in the question it is mentioned that the company estimated 0.5% of net credit sales that are considered to be uncollectible

So,

The amount of bad debt expense debited is

= $880,000 × 0.5%

= $4,400

Hence, the amount is $4,400 that should be debited to bad debt expense

Other Questions
A doctor is writing a diagnosis of a condition in a patient's chart. The patient, Frank, is complaining of burning and irritation in his lower leg between his calf and his heel, to which the doctor says, "Yes, that's your Achilles." What did the doctor most likely diagnose? 0 arthritis O a sprain O a strain O a dislocation A lidless box is constructed by cutting a square with side length x from a rectangular sheet of paper with dimensions a x b. After the cut is removed, the sides are folded up to form thebox.a) Find the value of x (in terms of a and b) that maximizes the volume of the box.b) Find the value of x that maximizes the volume of the box when a = 8.5 inches and b= 11 inches. lets find the answer m1=(3x+21) and m3=(4x+9) what is the value of x "Republic: is a political system in which the supreme power lies in a body of citizens who can elect people tomake laws for them."A republic is another name for what kind of government?-))A)kingdomB)monarchyC)direct democracyD)representative democracy What feeling is Eliot evoking when describing the six oclock hour? 2x + 2y = -23x - 2y = 12Answer: 5. An insect population grows exponentially until an early winter freeze kills almost all the insects the next spring population grows exponentially again this type of population growth is known asA. rolling curve.B. boom and bust.O C. population boom.D. exploding population. to the nearest gram, what is the mass of of one spoonfull of sugar? g A circle is placed in a square with a side length of 10 mm, as shown below. Find the area of the shaded region.Use the value 3.14 for it, and do not round your answer. Be sure to include the correct unit in your answer. a man cycles a distance of 63km in less than 3hours what is the average speed fun activity for y'all try to write a punic war letter! i've already wrote mine it was pretty fun! The graph of a polynomial function may have no x-intercepts.true or false Preposition inthe sentence John wrote an email to his mother to ask her if he could go to the mountains. Which of the following exists in the"Utopia" Thomas More creates?A. an absence of a monetary systemB. a need for open conflict to resolve disputesC. a governmental figure head to run societyD. a society run completely by the church and itsmembers What is the lowest whole number for hypotenuse c when using the formula [tex]\sqrt{a^2+b^2}[/tex] and a = b? What does it mean to democratize knowledge?A. To grant everyone the right to own and use a computer or anyother electronic deviceB. To give people equal access to information and the ability tocontribute to that informationC. To give everyone a chance to decide what knowledge is shared byvotingD. To allow people to decide together what is important for the publicto know Which position must the Moon be in to appear as a waning gibbous moon from Earth? What are some achievements of Polo? [sport] He was cocky, smart, and Soda's best buddy since gradeschool."