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2 years ago

Which would be considered closed-end credit situations? Check all that apply.

2 answers:

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Jason bought a used car and got a loan from his credit union
The Overtons bought a new home and mortgaged it for 30 years.
Tammy borrowed $40,000 in school loans to be paid back in 5 years.

anygoal [31]2 years ago

7 0

Answer:

1, 2 & 4.

Explanation:

Got it right on Edguentity :)

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Process Costing using First-in-First Out (FIFO) Crone Corporation uses the FIFO method in its processing costing system. The fol

shutvik [7]

Answer:

Cost of ending inventory= $8,520.6

Total cost of units transferred out=$99,863

Explanation:

Cost of ending inventory

Cost of items of inventory = cost per equivalent unit × No of units

Cost of items of inventory = ($9.50×330) + ($20.40 × 264)= $8,520.6

Total cost of units transferred out

The FIFO method of valuation of working in progress separates the units transferred out into opening inventory and fully worked.

The fully worked represents the units of inventory started and completed in the sames period.

The cost of units transferred out is the sum of h opening inventory and he fully worked. This done below:

Opening inventory = ($9.50 × 360) + ($20.40×140)= 6276

Transferred of fully worked = $(9.50 +$20.40) × 3,130= 93,587

Total cost of units transferred out = (6276 +93587)= $99,863

4 0

2 years ago

Peter Simmons owns a specialized computer software company. Although Peter's software designers and programmers are very good, i

masya89 [10]

Answer:

A. lengthy product development cycles

Explanation:

The product development cycle refers to the length of time that it takes a producer to create a product. This is different based on each company and the product that they sell. For computer software companies, the product development cycle can be quite long, as the products are very complex and require the work of many people. This cost should be taken into account when discussing funding or financing.

5 0

2 years ago

Read 2 more answers

Doubling the capacity of a bottleneck operation would theoretically always double the capacity of the process. Ignore waiting ti

nignag [31]

Answer: b) No

Explanation:

If you double the capacity of the bottleneck operation i.e the operation that has a limited capacity that is causing the entire project to slow down, it could work for removing the bottleneck from that particular operation. The problem however, is that this bottleneck might then be passed into another operation which will then slow down the entire process again.

Think of this this way, imagine there is constant traffic on one road with a double lane in a city and the city decides to up it to a four lane drive. The traffic subsides in that area but still continues on the road lane after the upgraded road which is a 2 lane as well.

The problem may have been fixed in one area but might just come up in another one.

3 0

2 years ago

Garcon Inc. manufactures electronic products, with two operating divisions, Consumer and Commercial. Condensed divisional income

leonid [27]

Answer:

1.Since there is spare capacity in the consumer division, the acceptable transfer prices are variable cost per unit - market price per unit

i.e. $104-$150

The transfer price should be set in between the two. However, $150 is an appropriate price

2. Income will increase as follows:

Consumer Division = (115-104)*2880 = $31,680

Commercial Division = (150-115)*2880 = $100,800

Company = $132,480

3) check the attached file

4.Income will increase as follows:

Consumer Division = (126-104)*2880 = $63,360

Commercial Division = (150-126)*2880 = $69,120

Company = $132,480

Explanation:

check attached files for explanation well detailed.

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2 years ago

Silver Corporation has provided the following information concerning its raw materials purchases. The budgeted cost of raw mater

kakasveta [241]

Answer:

$171,619.20

Explanation:

The computation of the budgeted accounts payable balance at the end of November is shown below:

= Budgeted cost of raw materials purchases in November × following month percentage

= $286,032 × 60%

= $171,619.20

As 40% is paid in the month of purchase whereas 60% is paid to the following month. So, we recognized 60%, not 40%

4 0

2 years ago