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kipiarov [429]
2 years ago
4

Balt Company maintains a standard cost system. Last period, Balt spent $25,000 during the period to purchase 3,000 pounds of mat

erial H. The company used 5,000 pounds of Material H to produce 800 units of Product C8. The company has established a standard of 7 pounds of Material H per unit of C8, at a price of $7.50 per pound of material. The debit to direct materials control account isa. 25,000b. 22,500c. 41,667d. 37,500
Business
1 answer:
finlep [7]2 years ago
6 0

Answer:

<h2>Balt Company</h2>

Direct Materials Control Account:

Debit to the direct materials control account is

d. 37,500

Explanation:

a) Calculation:

Since 5,000 pounds were used at a standard price of $7.50, a debit to the direct materials control account would be $37,500 (5,000 x$7.50).

b) The direct materials control account is a memorandum account where the costs of direct materials are recorded to serve as a check and point of reconciliation with the subsidiary ledger of direct materials account.  This debit shows the standard costs at actual production that is expensed  for the period or during the process.

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FCOJ, Inc., a prominent consumer products firm, is debating whether or not to convert its all-equity capital structure to one th
Strike441 [17]

Answer:

a. $684

b. $480.6

c. 63 shares

Explanation:

a. The calculation of cash flow under the current capital structure is given below:-

Earning per share = Net income ÷ Shares

= $26,220 ÷ 6,900

= $3.8 per share

Cash flow = Earning per share × Stock shares

=$3.8 × 180 shares

= $684

b. The calculation of cash flow be under the proposed capital structure is given below:-

Value = $59 × 6,900

= $407,100

Under the capital structure suggested the company would collect new debt in the amount of:

Debt = 0.35 × $4071,00

= $142,485

Which means the amount of the repurchased shares will be:-

Shares repurchased = $142,485 ÷ $59

= $2,415

The Company will have to make an interest payment on the new debt under the new capital structure. The net income with the interest payment will be:-

Net income = $26,220 - 0.10 × $142,485

=$11,971.5

This means that the EPS will come under the new capital structure

Earning per share = $11,971.5 ÷ 4,485 shares

= $2.67 per share

Since all profits are paid out as dividends, the shareholder receives:-

Shareholder cash flow = Earning per share × Stock shares

= $2.67 × 180 shares

= $480.6

c. The shareholder would sell 35% of their shareholdings

= Shares × Debt percentage

= 180 × 35%

= 63 shares

5 0
2 years ago
Presented below are three revenue recognition situations.
Digiron [165]

Answer:

Explanation:

The transaction price in each case would be shown below:

(A) Transaction price - $900,000 and the revenue is recognized at the point of sale or on the date when the sale is made

(B) Transaction price - $720,000 and the revenue is recognized at the point of sale or on the date when the sale is made

(C) Transaction price - Present value should be transaction price i.e $417,600 and the remaining amount $32,400 ($450,000 - $417,600) would be recognized over the 24 months i.e 18 months + 6 months

3 0
2 years ago
15. You have been working for five years after college and are ready to buy your first home. Homes in the area you want to live
PIT_PIT [208]

Answer:

$250,000

Explanation:

the down payment = cost of the house - mortgage  = $550,000 - $300,000 = $250,000

Something is not right with this question, because if you have been able to save $250,000 in 5 years, it means that you saved around $50,000 a year. If you were able to save that much money per year, then you should be able to pay a higher mortgage. The average 30 year mortgage has an APR of a little over 4% (national average between 4.04% - 4.16%). That would result in a monthly payment of around $1,151 including insurance.

So you should either go to another bank (if your salary is really that high) or search a cheaper house.

7 0
2 years ago
Omega Instruments has budgeted $300,000 per year to pay for certain ceramic parts over the next 5 years. If the company expects
bija089 [108]

Answer:

281,281.28

Explanation:

expected cost  300,000 + 10,000 = 310,000

with an inerest rate of 10%

discount value equals to 281,281.28

4 0
2 years ago
You are a newly hired operations manager for Hospital XYZ. You are required to:
Sergeu [11.5K]

Answer:

Follows are the solution to this question:

Explanation:

follows are the tasks, which is not in the priority order and at hand at Hospital XYZ:

HR domain: share the latest recruitment procedures throughout the emergency department of public health.

Operations: nurse staffing methods for function or treatment.

Funding: Review financial requests for both the purchase of new protections on wax surfaces by protection from the environment.

IT: IT reviews complaints regarding a possible breach of information.

IT: Study application in the physician's office for the implementation of new technology.

If valuing such activities, it should remember, that this patient (client) becomes impacted mainly. The clinicians or staff involved in Tasks 1 & 2, because Task 2, the very first priority must be considered, and also some standards must be developed, by each nurse, with remote care issues.

Information from its daily client is provided to control the staff, and a specific training program is intended for both the newly employed and negative feedback staff.

Respondents-Patients, Professions

Task 1, which directly affects the daily quality of service in a hospital, should be the secondary priority, with such a smaller shortage of hospitals due to customer dissatisfaction.

Members – Patients, medical personnel, permanent employees, doctors.

Task 4 When information violation is alleged, the third priority should to the loss of important patient data to certain other entities that may use for financial gains.

Participants – IT department, patients.

Task 3 will help its hospital cleaner if funds are required to purchase new buffers. Especially in comparison with all the above 3 tasks, it was taken as the fourth priority.

It was important, and that does not affect mostly the client nor would it impact the level of service as large as the three tasks above.

Advisor position-representatives of finance, environment protection, clean folk (sweepers). advisor position

Task 5 Its latest radiology software review application is now to be approved as the last. It indicates why old software is already in place since it is a new program. Consequently, nothing's ever going to stoop or the task in other projects is no slowdowns. It can be achieved as the last goal.

Investors involved-officials of the IT agency, diagnostic agents.

The process improvement throughout the solution of the problems in the hospitals by providing them the necessary importance to identify the priorities of different tasks.

6 0
2 years ago
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