Answer: $117,000
Explanation:
So we are to calculate the Raw Materials purchased during the year.
Logically speaking the following should hold,
Raw materials purchased during the year + beginning raw materials = ending Raw materials + Raw materials used
Agreeing on that and rearranging the formula we will have,
Raw Material purchased during the year = Raw Material used during the year + Ending Raw Material Inventory - Opening Raw Material Inventory
Slotting in the figures we will then have,
Raw Material purchased during the year = 114,000 + 56,000 - 53,000
= $117,000
Raw materials purchased during the year amount to $117,000.
Answer:
Importer.
Explanation:
An importer is an individual or entity that brings in products from foreign countries for sale domestically. Importers buy products that are produced in other countries. To the other country this is an export.
Roberto's father and uncle started a company that buys bauxite, copper, and other minerals from Chile, and brings them into the U.S. So the company is involved in importing activity.
Roberto brokers the trades with the mines in Chile.
Answer:
D. $525,000
Explanation:
budgeted production = 15,000 units/month
unit production time required = 30 minutes => 0.5 hours
direct labor rate = $70 per hour
Budgeted cost of direct labor for the month = 15,000 * 0.5 * 70
= $525,000
Answer:
We will plant 165 of Crop A
Explanation:
We will compare the marginal contribution for each crop: A B
Profit: 170.00 210
cost of cultivating: 40.00 60
CM per constrain 4.25 3.50
Crop A is better regarding cultivating cost.
Now we analize the labor hours:
Profit: 170 210
Labor hours per crop 20 25
CM per constrain 8.50 8.40
Because Crop A is better at both constrain resource It will be better to plant only Crop A if possible. As assigning to Crop B will diminish the return on the scarce resourse.
We will see how much can we plant of Crop A
7400 / 40 = 185
3300 / 20 = 165
We will plant 165 of Crop A
which is the maximun we can plant at the given labor hours.
Answer:
$12,650,000.
Explanation:
Reserves is the total amount of a bank's deposit that is not given out as loans
Reserves = Deposits - outstanding loans
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
0.09 x 415 million = 37.35 million
Excess reserves is the difference between reserves and required reserves
50 million - 37.35 million = 12.65 million
