Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Fenwick Corporation's manufacturing and finished goods warehouse facilities burned to the ground on January 31. The loss was fully covered by insurance. The insurance company wanted to know the cost of the inventories destroyed in the fire. The company's accountants gathered the following information: Direct materials purchased in January $ 160,000 Work in Process Inventory, January 1 34,000 Materials Inventory, January 1 16,000 Finished Goods Inventory, January 1 30,000 Direct labor costs incurred in January 190,000 Prime costs charged to jobs in January 294,000 Cost of finished goods available for sale in January 450,000 Sales revenue earned in January 500,000 Gross profit as a percentage of January sales 25 % Manufacturing overhead applied to jobs in January as a percentage of total conversion costs 60 % Assume that actual manufacturing overhead was exactly equal to the amount applied to production at the time of the fire.
a. Compute the cost of materials inventory (assume materials inventory is comprised entirely of direct materials) lost in the fire. (Omit the "$" sign in your response.) Materials inventory $
b. Compute the cost of work in process inventory lost in the fire. (Omit the "$" sign in your response.) Work in process inventory $
c. Compute the cost of finished goods inventory lost in the fire. (Omit the "$" sign in your response.) Finished goods inventory $
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd