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zepelin [54]
2 years ago
3

Finished goods inventory is $199,000. if overhead applied to these goods is $79,000, and the overhead rate is 110% of direct lab

or, how much direct materials cost was incurred in producing the inventory? (round your intermediate calculations and final answer to nearest whole dollar.)
Business
1 answer:
Katarina [22]2 years ago
3 0
1000.00 dollars is the answer
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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
Swazzi has released a new line of sweater vests, but they are selling poorly. Store managers say they need same-day information
BARSIC [14]

Answer:

Since Store managers say they need same-day information on the company's advertising plans, store managers can email me directly for this information.

Explanation:

The situation at Swazzi is precarious since they are not selling the new line of sweater vests well enough to match their sales forecast.

Store managers who are interacting with the consumers at their different outlets will definitely try to find a way to drive sales, hence their request for same day advertising plans from the company.

Mitigating this short fall calls for escalating and responding to requests from the company and the store managers hence the need for a very fast and cost effective communication medium.

For swift communication between the company and store managers, it is okay for store managers to email their request directly and vice versa.

6 0
2 years ago
An investor is analyzing a three-unit property by looking at its ability to produce future income. What would most likely be use
Monica [59]

Complete/Correct Question:

An investor is analyzing a three-unit property by looking at its ability to produce future income. Which of the following would most likely be used to determine this value?

a. Effective gross income

b. Gross income multiplier

c. Gross rent multiplier

d. Potential gross income

Answer:

c, gross rent multiplier

Explanation:

Gross rent multiplier can be defined as the ratio of the price of a real estate investment to the annual income before the calculation of expenses.

It can simply be said to be the number of years it would take a property for pay for itself through rent collection.

Gross rent multiplier is very useful when deciding or trying to select properties to invest in to ensure that factors such as depreciation, periodical cost, etc affects the property/investment drastically.

in the case of the investor in the question above, gross rent multiplier will be used to determine what the future holds for the property.

Cheers

6 0
2 years ago
The Walking Dead Co. provides services on-account and in exchange for cash. All general ledger accounts are adjusted monthly. Fo
dolphi86 [110]

Answer:

See below

Explanation:

Given that,

Accounts receivables :

Beginning balance 1 September = $22,400

Services on account = $45,000

Cash collected = $34,400

Written off accounts = $2,000

Allowance for doubtful accounts:

Beginning balance 1 September = $4,400

Adjusted balance for Allowance for doubtful accounts on 30th September

= Beginning balance 1 September - Written off accounts + Bad debt expense

= $4,400 + $2,000 + ($45,000 × 8%)

= $4,400 + $2,000 + $3,600

= $6,000

6 0
2 years ago
A company issued 5-year, 7% bonds with a par value of $500,000. The market rate when the bonds were issued was 6.5%. The company
san4es73 [151]

Answer:

The correct answer is $17,000.

Explanation:

According to the scenario, the given data are as follows:

Bonds percent = 7%

Par value of bonds = $500,000

Market rate = 6.5%

Cash received = $505,000

So, we can calculate the amount of recorded interest for semiannual interest period by using following formula:

First we calculate the premium on bonds,

So, Premium on bonds = Cash received - Par value of bonds

= $505,000 - $500,000

= $5,000

So, straight line amortization = Premium on bonds ÷ years

= $5,000 ÷ 5

= $1,000

So, Amount of interest expense for first semiannual is as follows:

Amount of interest = ( Par value of bonds × Bonds percent ) ÷ 2 - (straight line amortization ÷ 2)

= ( $500,000 × 7% ) ÷ 2 - ( $1,000 ÷ 2 )

=  $17,500 - $500

= $17,000.

4 0
2 years ago
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