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Andrei [34K]
2 years ago
14

Tektron Industries has Beginning and Ending Raw Materials Inventories of $32,000 and $40,000, respectively. Direct Materials use

d were $130,000. The cost of Raw Materials Purchased is A :
Business
1 answer:
ch4aika [34]2 years ago
5 0

Answer:

$138,000

Explanation:

The computation of the cost of Raw Materials Purchased is shown below:

= Direct materials used + ending direct material inventory - beginning direct material inventory

= $130,000 + $40,000 - $32,000

= $138,000

Simply we added the  ending direct material inventory and deduct the beginning direct material inventory  to the direct material used so that the accurate amount can come

You might be interested in
Wayman Corporation reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 355,000 Income tax
Talja [164]

Explanation:

The presentation of the multiple - step income statement is presented below

                                       Wayman Corporation

                               Multiple-step income statement

                                      As on December 31,2021

Sales revenue $355,000  

Less: Cost of goods sold  -$125,000

Gross profit                                            $230,000

Less: Operating expenses

Salaries expense $35,000

Utilities expense $45,000

Advertising expense $25,000  

Total operating expense                    -$105,000

Operating income                                     $125,000

Less: Interest expense                            -$15,000

Income before taxes                             $110,000

Less: Income tax expense                     -$45,000

Net income                                              $65,000

5 0
1 year ago
3. Nghiep gave his mother half of his weekly earnings, and then spent half of what was left on a new shirt. He then had $32. Wha
wel

Answer:

$128

Explanation:

Given: Nghiep gave half of his weekly salary to his mother.

           Spent remaining half on a new shirt.

           Finally he is left with $32

Lets assume Nghiep´s weekly earning be "x".

As given, Nghiep gave his mother half of weekly earning.

∴ Remaining earning= x- \frac{x}{2}

Taking LCD as 2

⇒ Remaining earning= \frac{2x-x}{2} = \frac{x}{2}

Hence, remaining salary giving half earning to his mother is \frac{x}{2}

Now, as given Nghiep spent half of what was left on a new shirt.

∴ Amount spent on shirt= \frac{x}{2} \times \frac{1}{2} = \frac{x}{4}

Next, finding the amount left with Nghiep after spending on shirt.

⇒ Amount left after spending on shirt= \frac{x}{2} - \frac{x}{4}

taking LCD as 4

⇒ Amount left after spending on shirt= \frac{2x-x}{4} = \frac{x}{4}

As given, Nghiep left with $32 after spending on shirt.

∴ We can form an equation for amount left with Nghiep after spending on shirt.

⇒\frac{x}{4} = 32

Now, solving it to find the weekly earning of Nghiep.

⇒ \frac{x}{4} = 32

Multiplying both side by 4.

⇒x= 32\times 4

∴ x= \$ 128

Hence, Nghiep´s weekly earning is $128.

6 0
2 years ago
When a customer opens a bank savings account, the bank, essentially becomes a(n) ___.
Rzqust [24]
<span>Here are the choices on the given question:
A. lender
B. investor
C. insurer
D. borrower
When the customer opens a bank savings account, the bank, essentially becomes an investor. So the answer is B. 
Investor because the amount of money that you put in your savings account is being invested by the bank to gain interest.</span>
5 0
1 year ago
Read 2 more answers
River City Recycling just paid its annual dividend of $1.15 per share. The required return is 12.3 percent and the dividend grow
Tasya [4]

Answer:

10.34

Explanation:

This question refers to Dividend Growth Rate with respect to Stock valuation

The model estimates the dividends over a defined period based on an assumed growth rate to determine the future value of the stock.

The formular to calculating the expected value is as follows

\frac{Dividend Amount(1+Rate)^{Years}  }{Expected Return - Rate}

Please note:

Expected return and Rate are expressed in percentage i.e divided by 100.

Fitting into the formular:

\frac{1.15(1+0.0075)^{5} }{0.123 - 0.0075}

The resulting answer = 10.34

6 0
1 year ago
On April 30, Gomez Services had an Accounts Receivable balance of $33,400. During the month of May, total credits to Accounts Re
swat32

Answer:

The amount of credit sales during may is $62,400.

Explanation:

credit sales = accounts receivable balance on 31 may + total credits to accounts receivable - accounts receivable balance on 30 april  

                   = $27,000 + $68,800 - $33,400

                   = $62,400

Therefore, the amount of credit sales during may is $62,400.                    

7 0
1 year ago
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