The Refining Department of​ SweetBeet, Inc. had 74,000, tons of sugar to account for in July. Of the 74,000 ​tons, 42,000 tons were completed and transferred to the Boiling​ Department, and the remaining 32,000 tons were 60​% complete. The materials required for production are added at the beginning of the process. Conversion costs are added evenly throughout the refining process. The weightedminus−average method is used. Calculate the total equivalent units of production for direct materials.

Answers

Answer 1
Answer:

Answer:

The total equivalent units of production for direct materials is 74000 Units.

Explanation:

materials required for production are added at the beginning of the process. So whatever the Total amount of materials required for 74000 Tons as been added at beginning of the Production (in July). For the Purpose of materials we need to consider 100% Completed.

total Equalent Units = Total Units Started

                                 = 74000 Units

Therefore, The total equivalent units of production for direct materials is 74000 Units.


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Parrish Plumbing provides plumbing services to residential customers from Monday through Friday. Ken Parrish, the owner, believes that it is important for his imployees to have Saturday and Sunday off to spend with their families. However, he also recognizes that this policy has implications for profitability, and he is considering staying open on Saturday. Ken estimates that if his company stays open on Saturday, it can generate $2500 of daily revenue each day for 52 days per year. The incremental daily costs will be $700 for labor, $500 for parts, $100 for transportation, and $200 for office staff. These costs do not include a share of monthly rent or a share of depreciation related office equipment. Ken is determined not to have employees work on Sunday, but he would like to know the opportunity cost of not working on Saturday. Provide Ken with an estimate of the opportunity cost, and explain why you do not have to consider rent or depreciation of office equipment in your estimate.

The following income statement is provided for Vargas, Inc. Sales revenue (2,500 units × $60 per unit) $ 150,000 Cost of goods sold (variable; 2,500 units × $20 per unit) (50,000 ) Cost of goods sold (fixed) (8,000 ) Gross margin 92,000 Administrative salaries (42,000 ) Depreciation (10,000 ) Supplies (2,500 units × $4 per unit) (10,000 ) Net income $ 30,000 What is this company's magnitude of operating leverage?

Answers

Answer:

The correct answer is 3.

Explanation:

According to the scenario, the computation of the given data are as follows:

Variable cost = Cost of goods sold (variable) + Supplies

= $50,000 + $10,000 = $60,000

Fixed cost = Cost of goods sold (fixed) + Administrative salaries + Depreciation

= $8,000 + $42,000 +$10,000 = $60,000

So, we can calculate the operating leverage by using following formula:

Operating leverage = Contribution margin ÷ Net operating income

Where, Contribution Margin = Sales revenue - Variable cost

= $150,000 - $60,000 = $90,000

And Net operating income = Contribution Margin - Fixed Cost

= $90,000 - $60,000 = $30,000

By putting the value, we get

Operating leverage = $90,000 ÷ $30,000

= 3

Some persons are counted as out of the labor force because they have made no serious or recent effort to look for work. However, some of these individuals may want to work even though they are too discouraged to make a serious effort to look for work. If these individuals were counted as unemployed instead of out of the labor force, then a. both the unemployment rate and labor-force participation rate would be higher.
b. the unemployment rate would be higher ,and the labor-force participation rate would be lower.
c. the unemployment rate would be lower, and the labor-force participation rate would be higher.
d. both the unemployment rate and labor-force participation rate would be lower.

Answers

Answer:

The correct answer is A: both the unemployment rate and labor-force participation rate would be higher.

Explanation:

The unemployment rate is the share of the labor force that is jobless, expressed as a percentage. To calculate the unemployment rate, the number of unemployed people is divided by the number of people in the labor force, which consists of all employed and unemployed people.  It defines unemployed people as those who are willing and available to work, and who have actively sought work.

By increasing the number of people unemployed, the number of employed people is now divided by a larger base. Meaning that the unemployment rate increases.

The labor force participation rate measures an economy's active labor force and is the sum of all employed workers divided by the working-age population. It refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate.

By increasing the number of people of unemployed people, they will be considered as people that are actively looking for work. Meaning that labor force participation increases.

Final answer:

All discouraged workers are counted as unemployed, both the unemployment rate and the labor-force participation rate would increase because these individuals are added both to the unemployed count and the total labor force count.

Explanation:

The correct answer to this question is (a). If individuals who are too discouraged to make a serious effort to look for work were counted as unemployed instead of out of the labor force, both the unemployment rate and the labor-force participation rate would be higher. This is because the unemployment rate is a ratio that compares the number of unemployed individuals to the total labor force. Meanwhile, the labor-force participation rate measures the total number of individuals who are either employed or actively looking for work, as a percentage of the working-age population. Therefore, counting these discouraged workers as unemployed would add to both the number of people counted as unemployed and those considered as part of the labor force, raising both rates.

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You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both $2.50 in dividends and $28 from the sale of the stock at the end of the year. The maximum price you would pay for the stock today is ________ if you wanted to earn a 15% return. Group of answer choices $24.11 $27.50 $23.91 $26.52 None of the options are correct.

Answers

Answer:

$26.52

Explanation:

The computation of the maximum price for paying for the stock today is shown below:

As we know that

Required rate of return = (Sale of the stock - maximum price + dividend received) ÷ (maximum price)

0.15 = ($28 - maximum price + $2.50) ÷ (maximum price)

0.15 × maximum price = $28 - maximum price + $2.50

So, the maximum price is  $26.52

We simply applied the above formula

What are 3 benefits of the Pay down credit card feature in Quickbooks Online?A. It allows users to electronically pay their credit card balances from within QuickBooks Online


B. It prevents miscategorization of credit card payment transactions


C. It helps users identify which credit cards have interest rates that are too high


D. It provides easy-to-understand language for non-accountant users


E. It prevents common errors that affect the company's financial statements


F. It compares your client's credit card balances side by side

Answers

The  3 benefits of the Pay down credit card feature in Quickbooks Online are: Option B,E and F

B. It prevents miscategorization of credit card payment transactions

E. It prevents common errors that affect the company's financial statements

F. It compares your client's credit card balances side by side

•It help to prevents miscategorization of credit card payment transactions as it enables all the credit card payment transaction to designated or allocated to the right person who made the transaction.

• It help to prevents common errors that affect the company's financial statements such as error of  reversal  example is recording a transaction amount as $25 instead of $52.

• It help to compares your client's credit card balances side by side which help to prevent error as the credit card are easily evaluated.

Inconclusion The  3 benefits of the Pay down credit card feature in Quickbooks Online are: Option B,E and F

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Answer:

b or e

Explanation:

Trowel Corp. has outstanding accounts receivable totaling $13,000,000 as of December 31 and sales on credit during the year of $48,000,000. There is also a credit balance of $24,000 in the allowance for doubtful accounts. If the company estimates that 6% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year

Answers

Answer:

$756,000

Explanation:

Allowance for Bad Debts opening        ($24,000)

Allowance for Bad Debts Closing         $780,000

(13,000,000)*6%

Allowance Bad  Debt Expense for the year  $756,000

"The financial leverage multiplier is the ratio of​" ________. A. current assets to current liabilities B. total assets to total debt C. current assets to common​ stockholders' equity D. total assets to common​ stockholders' equity

Answers

Answer:

D. total assets to common​ stockholders' equity

Explanation:

The financial leverage multiplier (FLM) is defined as the ratio of the firm’s total assets to the shareholders’ equity.

Analyzing the answer choices provided, the one that better fits the description above is alternative D. total assets to common​ stockholders' equity