BUSINESS COLLEGE

Which function relates to maintaining inventory?OA. accounting
OB. production
OC.
finance
OD.
human resource

Answers

Answer 1
Answer:

Answer:production

Explanation:

Related Questions

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On March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred: Factory Manager Salary $7,000 Factory Utilities 2,000 Machinery Deprecation 11,000 Machinery Repairs 2,500 Factory Insurance (prepaid) 1,000 The overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $21,000 would be incurred, and 10,000 direct labor hours would be worked. During March, 7,100 hours were actually worked on Job Order A-2 and 3,000 hours were actually worked on Job Order A-3. Use this information to prepare the March 31 General Journal entry to record the factory overhead costs. (round any final dollar answers to the nearest whole dollar):
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A home mortgage that can be repaid over a 30-year period is an example of:A. a line of credit.

B. a student loan.

C. a short-term loan.

D. a long-term loan.

Answers

Answer:

D. a long-term loan.

Explanation:

Loans are classified based on varied parameters. There are secure and unsecured loans,  installment credit and revolving credit.  Also, there loans with fixed interest rates and others with variable interest rates.

Loans are also categorized depending on the duration it takes to repay them.  Short term loans are those repaid with one year. For businesses, these loans are short term liabilities.

Long-term loans take longer than one year to repay. The mortgage is to be paid over 30 years period. To businesses, these loans are long-term liabilities.

Gain is generally recognized in an asset distribution to a partner. True False

Answers

Answer:

False

Explanation:

Usually distributions reduce a partner's outside basis in a partnership, they are generally not considered income. Since most distributions are not considered income, they do not result in gains for the partner. Some distributions may result in gains, such as certain cash distributions or securities (bonds) distributions. It is uncommon for a gain to result from  property being distributed.

If you invest $1,600 at the end of every year for four years at an interest rate of 14%, the balance of your investment in 4 years will be closest to:____________

Answers

Answer:

If you invest $1,600 at the end of every year for four years at an interest rate of 14%, the balance of your investment in 4 years will be closest to:____________

$7,873.83

Explanation:

a) Data:

Annual investment = $1,600

Interest rate = 14%

Number of period = 4 years

b) Calculations, using an online finance calculator:

FV (Future Value) $7,873.83

PV (Present Value) $4,661.94

N (Number of Periods) 4.000

I/Y (Interest Rate) 14.000%

PMT (Periodic Payment) $1,600.00

Starting Investment $0.00

Total Principal $6,400.00

Total Interest $1,473.83

c) The investment of $1,600 at the end of every year for fours will grow to $7,873.83 with the principal amount of $6,400 ($1,600 * 4) plus compounded interest of $1,473.83.

Hatfield Corporation, which has only one product, has provided the following data concerning its most recent month of operations:Selling price $123Units in beginning inventory 0Units produced 6,400Units sold 6,100Units in ending inventory 300Variable costs per unit: Direct materials $45 Direct labor $30 Variable manufacturing overhead $1 Variable selling and administrative $8Fixed costs: Fixed manufacturing overhead $140,800Fixed selling and administrative $91,500What is the net operating income for the month under variable costing?a) $12,200b) ($17,200)c) $5,600d) $6,600

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling price= $123

Units sold= 6,100

Variable costs per unit:

Direct materials $45

Direct labor $30

Variable manufacturing overhead $1

Variable selling and administrative $8

Fixed costs:

Fixed manufacturing overhead $140,800

Fixed selling and administrative $91,500

First, we need to calculate the total variable cost per unit:

Variable cost per unit= 45 + 30 + 1 + 8= $84

Income statement:

Sales= 6,100*123= 750,300

Total variable cost= 6,100*84= (512,400)

Contribution margin= 237,900

Fixed manufacturing overhead= (140,800)

Fixed selling and administrative= (91,500)

Net operating income= 5,600

An investment project has annual cash inflows of $3,900, $4,800, $6,000, and $5,200, for the next four years, respectively. The discount rate is 15 percent. a. What is the discounted payback period for these cash flows if the initial cost is $6,600

Answers

Answer:

1.88 years

Explanation:

Payback period is the time in which a project returns back the initial investment.  Initial Investment is recovered within the first two annual Cash inflows.

Payback Period = 1+0.88 = 1.88 years

All the working are made in the MS Excel File attached with this answer, pleas find it.

Answer:

The discounted payback period is 1.88 years

Explanation:

The discounted pay back period is the number of years it takes for the investment to break even by this it means how many years it takes discounted cash flows to pay the initial investment.

Initial Investment $6,600

W e then discount the cash inflows to find the time it takes to pay off initial investment

Year 1 = 3900/ (1.15) =$3,391.30

Remainder of initial investment = -6600+3391.30= -3,208.7

Year two = 4800/ 1.15^2 = $3,629.49

Remainder of initial investment = -3208.7-3629.49 = 420.79

This yield positive results therefore the discounted payback period is sometime between year 1 and year 2.

To get the exact period we take what reamined over what paid

3208.7/3629.49 = 0.88

So it 1 year + 0.88 =1.88  years

DeBerg Company has the following sales projections for its second and third quarters: April $100,000 May $120,000 June $140,000 July $160,000 August $150,000 September $130,000 Normal cash collection experience has been that 50% of sales are collected during the month of sale, 30% in the month following sale, and 15% in the second month following sale. The remaining 5% of sales is never collected. Prepare the schedule of cash collections for the third quarter, by month and in total.

Answers

Answer:

The Schedule of Cash Collections is below:

Cash Collection from Sales     JULY        AUGUST   SEPTEMBER

50%  from month                    $80,000   $75,000   $65,000  

30% from previous month        $42,000   $48,000   $45,000  

15% from two previous months$18,000    $21,000  $24,000  

                                         $140,000  $144,000  $134,000  

Explanation:

The schedule of cash collection is attached herein.

July collections are as follows:

50% of $160,000 July + 30% of $140,000 June + 15% of $120, 000 May Sales

August collections are as follows:

50% of $150,000 August + 30% of $160,000 July + 15% of  $140,000 June Sales

September collections are as follows:

50% of $130,000 September + 30% of $150,000 August + 15% of $160,000 July Sales
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