Grant, Inc. had beginning and ending raw materials inventory of $80,000 and $100,000, respectively. If the cost of raw materials purchased was $407,500, what was the amount of direct materials used

Answers

Answer 1

Based on the beginning and ending raw materials inventory and the cost of raw materials, the amount of direct materials used was $387,000.

What was the amount of direct materials used?

This can be found by the formula:
= Beginning raw materials + Purchases of new raw materials - Ending raw materials

Solving gives:

= 80,000 + 407,500 - 100,000

= $387,000

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Related Questions

How are passion, consciousness, and product quality part of the product management process at Justin's

Answers

The way that these factors are a part of the product management process is that: It brings about passion for better environmental practices, quality, innovation and love for natural food.

What is product management?

This is a broad term that is mostly concerned with the planning and the management of a given product or certain services.

The term, also has to do with the launching of the product till iot goes to the market.

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Giorgio had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals:

Answers

The inventory turnover for Giorgio whose cost of goods sold of $9,101 is  4.79 times

What is inventory turnover?

This Rreveals how many times a company sells its merchandise inventory during a period.

Inventory turnover is computed as:

= Cost of goods sold /  Average inventory

=  $9,101 million /  $1,900 million

= 4.79 times

Hence, the inventory turnover for Giorgio whose cost of goods sold of $9,101 is 4.79 times

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Hector, a manager at Roseland Corp., recently illustrated __________ by promoting two employees because their performance had greatly improved. Group of answer choices empowerment withholding punishment extinction positive reinforcement aversive consequence

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Hector illustrated Positive reinforcement by promoting two employees because of their great performance.

What is positive reinforcement?

Positive reinforcement is an act of rewarding good behavior to encourage it to happen again in the future, as Getting an A in the test was the good reinforcement I needed to keep learning.

For example, Giving positive reinforcement by giving the child extra rights or tangible rewards.

Thus, Positive reinforcement is the correct statement.

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If the money multiplier is 3 and the fed wants to increase the money supply by $900,000, it could:.

Answers

Answer:

buy $300,000 worth of bonds

Explanation:

Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

Compensation of executives has soared over the last forty plus years to more than 271 times the pay for average workers. Remedies to rein in executive compensation include all but:

Answers

Answer:

. Restrictions by the law as to the maximum total compensation allowable

When power or influence within an organization flow to individuals or leaders who have the ability to help an organization or group handle challenges, the leadership influence is one based on:

Answers

The leaders who have the ability to help an organization or group handle challenges, the leadership influence is one based on social or interpersonal influence.

What is social or interpersonal influence?

The process by which the presence or action of others influences an individual's attitudes, beliefs, or behavior is known as social influence.

Conformity, compliance and obedience, and minority influence are the four areas of social influence.

A person's adopted behavioral patterns can be affected by changes in their personal beliefs and thought processes.

Thus, the influence is social or interpersonal.

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What are 3 consequences of having low credit when trying to buy a car or home?

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When someone has a low credit score at the time of buying a car or a home, the credit facility for such purchase will be offered by any bank to such person with higher interest rates, affect his credit score further and will also lead to rejection of application for such loan.

What are the effects of a low credit score?

When a credit score is low, the creditability of such person is also lowered in the market and the financial institutions do not offer attractive terms of credit to such person.

When a person who tries to buy a house or a car with a lower credit score, the effects and consequences of the same will be;

Banks will charge higher interest rates on the loan or advance offered. The period of loan or advance will be lesser. In worse case scenario, banks will reject his loan application.

Hence, it can be stated that having a low credit score when purchasing a car or a home will lead to the consequences as aforementioned.

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Battle Drills involve ______________________________________. The MDMP Process Standardized 'collective actions' without the application of a deliberate decision making process Select Leaders A deliberate decision making processes

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Battle Drills involve "a collective action rapidly executed without applying a deliberate decision-making process."

What do you mean by decision-making process?

Decision-making is the process of making decisions by identifying a decision, gathering information, and evaluating other decisions.

Battle Drills involves "as a collective action that is carried out quickly without resorting to deliberate decision-making process." They require small orders of leader to carry out and are common throughout the Army.

Consecutive actions are essential to success in fighting or are essential to maintaining health.

Thus, Battle Drills involve "a collective action rapidly executed without applying a deliberate decision-making process."

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A four-bedroom, four-bath, 4,875-square-foot house was listed at $445,000. Andreas, the seller, accepted an offer that was 95% of the listing price. What price per square foot did he get for the house

Answers

The price per square foot available to Andreas on the listed cost of the house, that is, $445,000 with an area of 4,875 square feet is $86.71.

What is the price per square foot?

Price per square foot is the cost price of a house in terms of per square foot. It can be determined by dividing the cost of a household by the area of the house in square feet.

Given values:

Cost of house = $445,000

Area of house (in square foot) = 4,875

Accepted ratio of listing price = 95%

Computation of price per square foot:

[tex]\rm\ Price \rm\ per \rm\ square \rm\ foot=\rm\ \frac{\rm\ Cost \rm\ of \rm\ house}{\rm\ Area \rm\ of \rm\ house}\times \rm\ Accepted \rm\ ratio\\\rm\ Price \rm\ per \rm\ square \rm\ foot=\frac{\$445,000}{4,875}\times 95\%\\\rm\ Price \rm\ per \rm\ square \rm\ foot=\$91.20\times95\%\\\rm\ Price \rm\ per \rm\ square \rm\ foot=\$86.71[/tex]

Therefore, Andreas gets the price per square foot for the house is $86.71.

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PLEASE HELP

James Curry, marketing manager for the Smith Siding Company, is considering a new distribution system for the home siding his small company manufactures. Up until now, the siding was sold by first contacting ultimate consumers within a 100-mile radius by phone and then having a sales representative meet with the customers in their homes.

A number of current factors indicate that a new distribution channel needs to be created. More and more, local contractors are purchasing siding from the company for new houses they are building. Because of improved production techniques, a large inventory has been created, and the Smith warehouses are stocked with siding. Curry is considering changing the channel currently used.


What is the current channel being used for the siding?

Answers

The current channel being used for the siding by James Curry is selling through intermediaries.

What is a distribution channel?

A distribution channel simply means a chain of businesses through which a good will pass before reaching the consumers.

In this case, it should be noted that the current channel being used for the siding by James Curry is selling through intermediaries.

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How can advertising benefit our society?:​

Answers

Through the medium of advertising people get information regarding new products. As people use these new and latest goods, their standard of living gets a boost. Advertising is helpful in providing employment and increasing income of the people. Both have a positive effect on their standard of living

Answer: providing employment and increasing income of the people

Explanation:Through the medium of advertising people get information regarding new products. As people use these new and latest goods, their standard of living gets a boost. Advertising is helpful in providing employment and increasing income of the people. Both have a positive effect on their standard of living.

If LVT chooses to hedge its transaction exposure in the forward market, what rate will it pay for the euros and how many USD will be required to purchase the euros at the forward rate

Answers

When LVT chooses to hedge its transaction exposure in the forward market, a six month forward rate will be paid.

What is a transaction?

It should be noted that a transaction simply means a business deal that occurs between two parties.

In this case, when LVT chooses to hedge its transaction exposure in the forward market, a six month forward rate will be paid.

The amount required to make the purchase will be:

= 15000000 × 1.18

= $17700000

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If a company has four lots of products for sale, purchase 1 (earliest) for $17, purchase 2 (middle) for $15, purchase 3 (middle) for $12, and purchase 4 (latest) for $14, which cost would be assumed to be sold first using LIFO costing

Answers

Using the LIFO costing method, the cost that would be assumed to be sold first is $14.

What is the LIFO costing method?

The LIFO costing method is the inventory costing method that assumes that units sold first are from those that are newly purchased.

The LIFO (Last-in, First-out) method is different from the FIFO method which assumes that units sold first are those that are purchased at the beginning.

Thus, using the LIFO costing method, the cost that would be assumed to be sold first is $14.

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Contractionary monetary policy entails _____ the money supply, _____ interest rates, and _____ aggregate demand.Question 10 options:a) increasing; increasing; increasingb) decreasing; increasing; decreasingc) increasing; decreasing; decreasingd) decreasing; decreasing; decreasing

Answers

Contractionary monetary policy entails increasing the money supply, increasinginterest rates, and decreasing aggregate demand.

What is contractionary monetary policy?

A contractionary monetary policy serves as a type of monetary policy which do bring about reduction in the the rate of monetary expansion to fight inflation.

Therefore, Contractionary monetary policy entails increasing the money supply.

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How does inflation hurt your savings?

Answers

Answer:

have to spend more money

Explanation:

Which action illustrates citizen participation in an international organization?.

Answers

An action that illustrates citizen participation in an international organisation is volunteering

What is meant by the term volunteering?

Volunteering can be defined as a selfless service towards an act or service to the society without any incentives. A good example is the Red Cross.

It should be noted that one can volunteer to serve and in turn gain relevant work experience.

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Drake is applying for a business loan on behalf of its company. before applying for the said loan, he draws up a road map of the company. he highlights the prospects of the business and the ability of its management to follow the path to take the business forward. what is this document prepared by drake known as? the document prepared by drake is known as a plan.

Answers

The name of the document prepared by Drake that draw the road map of the company is known as a Business plan.

What is a Business plan?

This is aformal and written document which outlines the goals of the company, shows tasks to be performed and shows the financial plans to be use to accomplish the outlined goals.

Therefore, the business plan is the document that draws up a road map of the company and allows to highlights the prospects of the business

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S: In the space below, write a brief scenario (story) of a selling situation that illus-
trates at least three terms from the Word Bank above. You may select the prod-
uct of your choice. Circle the words from the Word Bank when they appear in
the story. Products you might want to consider using are a computer, a copier,
running shoes, a camera, luggage, or a CD player.

Answers

The answer is C I did it last year in class

Mr. Patel had an extremely successful early career, and he
was actually able to retire at 45. He wants to move his money
into a mutual fund that pays out a lot of cash, but he does not
care how much. He also wants to take some risk in hopes of
extra returns. Find an appropriate mutual fund and explain your
decision.

Answers

The appropriate mutual fund that is going to be helpful for Mr Patel would be the Equity Mutual funds.

What is the  Equity Mutual funds?

This is the type of investment that is overseen by a professional in the corporate money business.

Given that he said that he does not want to care much, this would be appropriate for him. Because he is not risk averse, he is going to have a higher return here.

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What percentage of jobs are found through networking? a. 0%-20% b. 20%-40% c. 40%-60% d. 60%-80%

Answers

Answer:

Your answer would be D. 60%-80%

Explanation:

Answer:

D. 60% - 80%

Explanation:

60% - 80% of jobs are found through networking.

I hope it helps! Have a great day!

pan~

Veronique and lily each bought a piece of luggage that had the same price in different stores. the table below shows how they will pay for the item. payment for purchases name payment type payment amount (including finance charges) number of months to pay for item veronique store financed $25 10 lily credit card $35 7 who made the better financial decision and why? veronique because her payments are lower. veronique because her final cost, including finance charges, is less than lily’s. lily because she is paying off her purchase sooner. lily because her final cost, including finance charges, is less than veronique’s.

Answers

According to the information in the Graph Veronique made a better decision than Lily because the final cost of her purchase is lower including finance charges (option B)

What is a finance charge?

A finance charge is an economic term that refers to additional charges made by finance companies (such as banks) to a transaction we make, such as a purchase.

In the case of Veronique and Lilly, they both bought the same suitcase with different prices. However, the better financial decision was Veronique's because she paid less ($25) for the same bag including finance charges.

While Lilly, despite having fewer fees, will have to pay $10 more than Veronique.

Note: This question is incomplete because the image is missing. Here is the image.

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Interactive voice response directs customers to use touch-tone phones or keywords to navigate or provide information.
A. True
B. False

Answers

Answer:

True

Explanation:

interactive voice response (IVR)directs customers to use touch tone phones or keywords to naviate to porvide information

List the 3 main credit bureaus and explain what information they collect.

Answers

The three main credit bureaus are Equifax, Experian, and TransUnion, which collect and research individual credit information sold to creditors.

What is a credit bureau?

A credit bureau provides the information that creditors and lenders use to make important lending decisions.

Principally, credit bureaus:

Collect credit information of individuals.Make the information available to third parties (lenders and creditors).Provide credit ratings and reports to individuals when requested.

Thus, a  credit bureau provides the information that creditors and lenders use to make important lending decisions.

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The _____ reflects the total market value of over 98 to 99% of all publicly traded stock in the United States.

Answers

The total market value of around 98 to 99% of publicly traded stock in the U.S. is shown on the Dow Jones Wilshire 5000 Index.

What is the Dow Jones Wilshire 5000 Index?

It is a market weighted index that shows almost all the total market value of  all the public stock traded in the United States.

Even though it claims to show the entire value of public stock in the U.S., it only shows about 98 to 99% of the stock.

In conclusion, the answer is Dow Jones Wilshire 5000 Index.

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After listening to both Caroline's forceful opinion and the CEO's advice about Rock Luster, what is the best plan of action moving forward

Answers

The context clues are important to know the best plan of action moving forward after listening to both Caroline's forceful opinion and the CEO's advice.

What are context clues?

Your information is incomplete as the excerpt isn't given. Therefore, an overview will be given.

Context clues are the hints that are given in a literary work by the author. In this case, it's important to read and understand the story.

Also, it's important to note that central idea that's illustrated by the author in the story. This is important to know the the best plan of action moving forward.

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From an environmental standpoint, refusing, reducing and reusing are preferred over recycling because they are ____ approaches that tackle the problem of waste production at the front end.

Answers

Refusing, reducing, and reusing are preferred over recycling because they are A. waste prevention approaches pre-tackling the problem of waste production.

What is waste prevention?

Waste Prevention (Source Reduction or Waste Minimization) includes practices that limit or reduce the amount and the toxicity of generated wastes.

Waste Prevention efforts are aimed at tackling waste production at the front end instead of managing already-generated waste.

Answer Options:

A. waste prevention

B. green

C. more feasible

D. management

E. integrated

Thus, from an environmental standpoint, refusing, reducing, and reusing are preferred over recycling because they are A. waste prevention approaches pre-tackling the problem of waste production at the front end.

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Question Number 5) UPS management feels that one of the main advantages ________ provides to the company is structure a union salting b the bargaining unit c the union d the right to work e arbitration

Answers

One of the main advantages of C. The Union in a workplace is that it helps to provide a structure.

What is a Labor Union?

This refers to a group that protects the rights and interests of workers to have better working conditions and remunerations.

Hence, we can see that the importance of labor unions cannot be overemphasized as according to UPS management, they believe that one of the main advantages of C. The Union in a workplace is that it helps to provide a structure

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The scandal at luckin coffee is being portrayed by the company as perpetrated by ________, whereas some analysts suspect it is more likely by a ________.

Answers

The scandal at luckin coffee is being portrayed by the company as perpetrated by stakeholders whereas some analysts suspect it is more likely by competitors.

What is scandal?

Scandals are series of events or happenings action about an individual or group of people which shocks people and bring about disapproval of such individual by the public or people.

Scandal can damage an individuals career and business. It can be perpertuated by colleagues, Competitors or Friend.

Therefore, the scandal at luckin coffee is being portrayed by the company as perpetrated by stakeholders whereas some analysts suspect it is more likely by competitors.

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A monopolist maximizes profits by a. producing an output level where marginal revenue equals marginal cost. b. charging a price that is greater than marginal revenue. c. earning a profit of (P - MC) x Q. d. Both a and b are correct.

Answers

A monopolist maximizes profits by a. producing an output level where marginal revenue equals marginal cost.

Who is a monopolist?

The monopolist is characterized by the following:

Market dominance and controlLack of competitionLack of substitute goods or servicesSets prices.

Thus, a monopolist maximizes profits by a. producing an output level where marginal revenue equals marginal cost.

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A(n) __________ price is internally charged by one organizational unit for a good or service that it supplies to another unit. Group of answer choices organizational department substitute transfer budget

Answers

A transfer price is internally charged by one organizational unit for a good or service that it supplies to another unit.

What is transfer price?

It is the price of a goods or service bought by a department in the same organization as the producer.

The price is what is paid to the department where purchase is made.

Therefore, A transfer price is internally charged by one organizational unit for a good or service

that it supplies to another unit.

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