<u>Answer:</u>
a.$7,175,000
b.$3,655,000
c.$2,825,000
<u>Explanation:</u>
a.Calculation of Cost of Goods Sold
COGS= Sales - Gross profit
=12375000-5200000
=$7,175,000
Cost of Goods Sold for Creston Inc is $7,175,000
b. Calculation of direct materials cost
Direct Material Cost = Materials purchased - Indirect materials - Materials inventory
=4125000-180000-290000
=$3,655,000
Direct materials cost is $3,655,000
c. Calculation of direct labor cost
Direct labor cost= Total manufacturing costs for the period - Direct materials - factory overhead (Indirect labor + Indirect materials + Other factory overhead)
=7880000-3655000-1400000
=$2825000
Direct labor cost is $2,825,000
Answer: $9,017.89
Explanation:
Wooten will recognize the present value of $10,100 as it is to be paid to them in a year and the company sees time value of money as a significant component.
= 10,100 * Present value interest factor, 12%, 1 period
= 10,100 * 0.89286
= $9,017.886
= $9,017.89
True - The tomato exhibits characteristics of a perfectly competitive market. Firstly, it is made up of many buyers and sellers. Secondly, all firms that partake in the trade do not control the market. Instead, they are price takers. As such, they sell tomatoes according to the prevailing market prices per unit of tomatoes. All firms also have a relatively small market share.
Answer:
$2449
Explanation:
Alex wants to measure the nominal 1998 GDP of $993 billion in 2008 dollars.
Also the deflator for 1998 is 30 and for 2008, it is 74
Now he avoids making a misleading calculation
Therefore, the the nominal 1998 GDP of $993 billion in 2008 dollars
= 993/30×74= $2449.4≅$2449
Answer: Advocacy Advertising
Explanation:
Advocacy advertising is known as the practice of marketing in order to support or encourage a specific idea or a cause. This type of advertising is contemplated to be set in motion in the interest of an organization or a group or public and thus usually does not tends to promote a commodity or a service.
