Chapter 3, Problem 1UJ

Wilson Industries manufactures a unique water filtration nozzle. The budgeted indirect total cost of assembling the nozzle is $120,000. The budgeted number of nozzles to be assembled is 40,000. What is the budgeted indirect cost allocation rate for this activity?

General accounting

A retail company purchased new display fixtures for $28,000. Old store equipment was sold for $2,500. A marketable security investment was sold for $45,000. Treasury stock was repurchased for $18,000, and dividends were paid to shareholders in the amount of $30,000. The company issued new bonds resulting in proceeds of $75,000. Calculate the net cash flow from investing activities.

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A manufacturing company uses the weighted-average method for inventory costing. At the end of the period, 20,500 units were in the ending Work-in-Process inventory and are 100% complete for materials and 68% complete for conversion. The equivalent costs per unit are materials $3.10 and conversion $2.45. Compute the cost that would be assigned to the ending Work-in-Process inventory for the period.

What is bayshore electronic net income? Financial accounting

At the end of the first year, ClearStream Supplies had net accounts receivable of $54,000, and at the end of the second year, the company had net accounts receivable of $60,000. If the company's net sales revenue during the second year was $720,000, what was the receivables turnover ratio for the second year? a) 12.86 b) 13.85 c) 11.48 d) 6.38