Answer:
Part 1
under-applied overheads = $8,000
Part 2
Schedule of cost of goods manufactured for the year.
Opening Work in process $ 42,000
Add Direct Materials $393,000
Add Direct Labor $ 80,000
Add Applied Overheads $434,000
Less Ending Work In Process ( $ 72,000)
Cost of Goods Manufactured $877,000
Explanation:
The amount of underapplied or overapplied overhead cost for the year.
Applied Overheads = Predetermined overheads rate x Actual machine hours
= $20 x 21,700 machine-hours
= $434,000
Since,
actual manufacturing overhead costs = $ 426,000
and
applied manufacturing overhead = $434,000
then
under-applied overheads = $8,000 ($434,000 - $ 426,000)
Schedule of cost of goods manufactured for the year.
Opening Work in process $ 42,000
Add Direct Materials ($ 22 + $ 420 - $ 32 - $ 17) $393,000
Add Direct Labor $ 80,000
Add Applied Overheads $434,000
Less Ending Work In Process ( $ 72,000)
Cost of Goods Manufactured $877,000
Answer: $104,360
Explanation:
The cash collections for June will be;
= June Cash sales + (50 % *June credit sales ) + (43% * May credit sales) + ( 5% of April credit sales)
= 58,000 + (0.5 * 55,000) + (0.43 * 42,000) + ( 0.05 * 16,000)
= 58,000 + 27,500 + 18,060 + 800
= $104,360
The numerator of the return on common stockholders' equity is net income minus preferred dividends.
Option d
Explanation:
Return on common stockholders' equity which is also named as return on equity (ROE) ratio evaluates the accomplishment of a company in resulting income for the benefit of common stakeholders.
Use of return on equity:
It is calculated by income available for stockholders divided by the total number of common stock and is expressed or represented in percentage. Income available for common stockholders can be arrived by reducing preference dividends from Net income.
That is,
Hence, net income minus preferred dividends is the right answer.
b. provide specifics if further action is required.
c. omit the sender's name to avoid legal liability.
d. avoid repeating the information provided or referring to its use.
Answer: b. provide specifics if further action is required.
Explanation:
In a response message, one must be cordial and seek to promote GOODWILL with a customer. This can be done by simply referring to any provided information, providing specifics if any further action is required and including the sender's full contact information. Naturally there must also be a tone indicating a willingness to help but not with such cliché phrases such as, " Call me if you need any help". Such responses do not fit well in well written conclusions.
Calculating CLV is most helpful for Assessing the viability of any pricing strategy.
The correct option is B
What is customer lifetime value?
The total amount of money a client is anticipated to spend with your company or on your products over the course of an average business relationship is known as customer lifetime value.
If you can reach a CLV that is between three and five times your cost per new customer, it is a good range. Therefore, you should strive for a CLV of at least $450 if you are investing an average of $150 in acquiring a new customer.
The formula for customer lifetime value is: CLV = Average Transaction Size x Number of Transactions x Retention Period.
To learn more about customer lifetime value, visit:
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I understand that the question you are looking for is:
Calculating CLV is most helpful for which of the following?
(A) Opening a new retail location
(B) Assessing the viability of any pricing strategy
(C) Estimating demand for a product
(D) Calculating research investment for a new product
Answer:
1. expanded
2. effective workforce
Explanation:
The widespread acceptance that bacteria causes diseases helped lead to a public health movement in the late nineteenth and early twentieth centuries. This movement eventually brought sewers, clean drinking water, and garbage removal to all U.S. cities.
The public health movement in the United States in the late nineteenth and early twentieth centuries was like a technological advance to the country's production possibilities, since both EXPANDED the economy's productive capacity, the former by increasing the nation's EFFECTIVE WORKFORCE .
Answer:
Return on investment = -0.07215 or -7.215%
Explanation:
The rate of return or percent return on the investment can be calculated by deducting the initial cost of the investment from the current value of the investment and dividing it by the initial cost.
The return provided by the investment can be calculated by adding the returns provided in form of dividend and capital gains both. Thus, the return can be calculated as follows,
Total dividend = 1.25 * 200 = $250
Total selling value = 35.4 * 200 = $7080
Total value = 250 + 7080 = $7330
Return on investment = (7330 - 7900) / 7900 = -0.07215 or -7.215%