Business, 03.03.2020 03:26 Emiliano15
Carolina Plating Company reported a cost of goods manufactured of $520,000, with the firm's yearend
balance sheet revealing work in process and finished goods of $70,000 and $134,000, respectively.
If supplemental information disclosed raw materials used in production of $80,000, direct labor of
$140,000, and manufacturing overhead of $240,000, the company's beginning work in process must have
been:
A. $130,000.
B. $10,000.
C. $66,000.
D. $390,000.
E. some other amount.
Answers: 1
Business, 21.06.2019 18:20
Elon musk is the ceo of tesla motors. musk also serves as chairman of tesla's board. according to corporate governance theory, which of the following is a logical reason why musk should serve on the board? 1. he serves on many other boards, including that of a major client of tesla.2. his is an independent director who is well positioned to monitor the company's management.3. he can easily fire board members that are shirking their duties.4. he can provide the board with valuable inside information about the firm and the industry.
Answers: 1
Business, 22.06.2019 05:00
Which of the following are considered needs? check all that apply
Answers: 1
Business, 22.06.2019 06:30
Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances
Answers: 1
Business, 22.06.2019 08:30
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
Answers: 2
Carolina Plating Company reported a cost of goods manufactured of $520,000, with the firm's yearend<...
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