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2 years ago

Data related to the inventories of Mountain Ski Equipment and Supplies is presented below:

Business

1 answer:

Ksivusya [100]2 years ago

8 0

Answer:

C) $130,000

Explanation:

Based on the lower of cost or market rule, the valued of the inventory would be

Replacement cost = $130,000

Selling price = $150,000 - $150,000 × 10% = $135,000

After considering the normal gross profit ratio, the value would be

= $135,000 - $150,000 × 20%

= $105,000

If we compare the cost and replacement value, then the less value would be considered i.e $130,000

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Michelle works in an appliance store. She has a goal to sell a combination of six refrigerators, stoves or dishwashers so she ca

kotykmax [81]

The ‘SMART’ technique a tool for effective goal setting. The acronym SMART stands for Specific, Measurable, Attainable, Realistic, and Time-bound, all of which are requisites for goals. The goal “to sell a combination of six refrigerators, stoves or dishwashers to earn a bonus” is specific, measurable, attainable and realistic because Michelle has done this before. Yet the goal is not time-bound. The length of time it is required to meet is not specified in the goal.

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2 years ago

Read 2 more answers

An aircraft company has an order to refurbish the interiors of 18 jet aircraft. The work has a learning curve percentage of 80.

gavmur [86]

Answer:

a. 125.43 hours

b. 767.92 hours

c. 2,129.04 hours

Explanation:

Using the mathematical approach, we have :

y = ax ^b

Where ,

y is the average time to manufacture x units

a is the time its takes to manufacture first plane

b is the log of 80% divided by log 2

Then,

Average time for 5 planes = 300 (5)^-0.322

= 178.67 hours

Total time for 5 planes = 178.67 hours × 5

= 893.35

Average time for 4 planes = 300 (4)^-0.322

= 191.98 hours

Total time for 5 planes = 191.98 hours × 4

= 767.92 hours

The fifth plane would take = 893.35 - 767.92

= 125.43 hours

Average time for the 18 planes = 300(18)^-0.322

= 118,28 hours

Total time for 18 planes = 118,28 hours × 18

= 2,129.04 hours

5 0

2 years ago

Falmouth Corporation's debt to equity ratio is 0.6. Current liabilities are $120,000, long term liabilities are $360,000, and wo

Digiron [165]

Answer:

$1,280,000

Explanation:

We know that

Debt to equity ratio = Debt ÷ total equity

0.6 = $360,000 + $120,000 ÷ total equity

0.6 = $480,000 ÷ total equity

So, the total equity = $800,000

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:

Total assets = Total liabilities + stockholder equity

= $480,000 + $800,000

= $1,280,000

8 0

2 years ago

Pastel Company operates in the following lines of business which management believes have distinguishable return and risk charac

SSSSS [86.1K]

Answer:

A) Entertainment, Lodging, and Services

Explanation:

Under Generally Accepted Accounting Principles (GAAP), you need to follow these rules to report segment data:

If at least 10% of revenues, profit or combined assets are under one segment.
And together with the above the total revenue must overcome the 75% of the entity.

Revenues Assets Rev/Assets

Food 500 2.000 3%

Beverages 1.300 6.000 9%

Entertainment 2.500 10.000 14%

Lodging 5.000 20.000 29%

Services 22.000 28.000 41%

International 700 3.000 4%

32.000 69.000 100%

A) Entertainment, Lodging, and Services

Revenues 92% of total entity.
Assets 84% of total entity.

8 0

2 years ago

Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at

Butoxors [25]

Answer:

The question is not incomplete as it is missing the requirement below:

A) The activity rates for each activity and

B) The activity-based factory overhead per unit for each product.

Fabrication activity rate=$68 /dlh

Assembly activity rate =$35 /dlh

Setup activity rate =$390/setup

inspection activity rate=$90/inspection

Speed boat activity based factory overhead=$387000

Bass boat activity based factory overhead=$213000

Explanation:

Fabrication activity rate=$204,000/(2000+1000)=$68 /dlh

Assembly activity rate =$105000/(1000+2000)=$35 /dlh

Setup activity rate =$156000/(300+100)=$390/setup

inspection activity rate=$135000/(1100+400)=$90/inspection

Speed boat total overhead is computed thus:

fabrication $68*2000 136000

Assembly $35*1000 35000

setup $390*300 117000

inspection $90*1100 <u>99000 </u>

Total 387000

bass boat total overhead is computed thus:

fabrication $68*1000 68000

Assembly $35*2000 70000

setup $390*100 39000

inspection $90*400 <u>36000 </u>

Total 213000

8 0

2 years ago