# 2. In industries that process joint products, the costs of the raw materials inputs and the sales values of intermediate and final products are often volatile. Change the data area of your worksheet to match the following: If your formulas are correct, you should get the correct answers to the following questions. a. What is the overall profit if all intermediate products are processed into final products?

Explanation:

Please find the complete question in the attached file.

Profitability analysis of the total business:

The combined value for final sales

Low cost of manufacturing end products:

Wool's cost

Process cost of segregation

Combined dyeing cost s

Gain benefit

To determine the overall profit in industries that process joint products, calculate the difference between the sales value of the final products and the costs of the raw materials inputs.

### Explanation:

In industries that process joint products, the overall profit can be determined by calculating the difference between the sales value of the final products and the costs of the raw materials inputs. To find out the overall profit, follow these steps:

1. Calculate the total sales value of the final products by summing up the sales values of all the final products.
2. Calculate the total costs of the raw materials inputs by summing up the costs of all the raw materials.
3. Subtract the total costs of raw materials inputs from the total sales value of the final products.

The resulting value will be the overall profit if all intermediate products are processed into final products.

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## Related Questions

A university spent \$1.3 million to install solar panels atop a parking garage. These panels will have a capacity of 200 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 30%, that electricity can be purchased at \$0.30 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero.Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first.
Approximately how many hours per year will the solar panels need to operate to enable this project to break even?

It will take 6,534.31 hours per year for the solar panels to operate to enable this project to break even

Explanation:

Discount rate = 30% = 0.3

Looking at one hour of operation in each year = 200 kW x \$0.30 Kw/hr

= \$60 value of electricity per year

Compound interest factor for a discount rate of 30% = 3.3158

(taken from compound interest factor table or computed using formula ∑1/(1+r)^t , where r = 30%, and t = 1 to 30)

Present value of operating the solar panels for 1 hour per year = 60 × 3.3158 = \$ 198.95

For break even it would need to run = 1.3 million ÷ 198.95

= 6,534.31 hours per year

The solar panels need to operate for approximately 236,364 hours per year to enable this project to break even.

To determine the number of hours per year the solar panels need to operate to break even, we can calculate the present value of operating the solar panels for 1 hour per year over the 20-year lifespan of the panels.

The annual operating cost is \$0.30 per kWh, and the capacity of the solar panels is 200 kW. So, for each hour of operation, the cost is:

Cost per hour = 200 kW * \$0.30/kWh = \$60

Now, we'll calculate the present value of this cost over 20 years at a 30% discount rate:

PV Cost = \$60 / ≈ \$5.50

The university spent \$1.3 million upfront to install the panels. To break even, the present value of operating the panels should cover this cost:

\$1,300,000 = \$5.50 * X

Where X is the number of hours per year the panels need to operate. Solving for X:

X ≈ \$1,300,000 / \$5.50 ≈ 236,364 hours per year.

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Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of \$154,500, allowance for doubtful accounts of \$1,165 (credit) and sales of \$1,175,000. If uncollectible accounts are estimated to be 0.5% of sales, what is the amount of the bad debts expense adjusting entry?

\$4,710

Explanation:

Bad debts expense adjusting entry = Sales + Uncollectible allowances - Balance in allowance for doubtful accounts

= (\$1,175,000 × 0.5%) - \$1,165

= \$5,875 - \$1,165

= \$4,710

Therefore for computing the bad debts expense adjusting entry we simply applied the above formula.

The adjusting entry is shown below:-

To Allowance for Doubtful Debts \$4,710

(Being bad debt account is recorded)

Jay Inc. estimates uncollectible accounts using the percentage-of-receivables method and expects that 3.5% of outstanding receivables will be uncollectible for 2016. The balance in Accounts Receivable is \$243,000, and the Allowance for Doubtful Accounts has a credit balance of \$4,300 before adjustments at year-end. The Bad Debt Expense for 2016 will be:Select one:

a. \$8,505

b. \$5,423

c. \$4,205

d. \$4,300

c. \$ 4,205

Explanation:

Computation of Estimated uncollectible accounts

Accounts Receivable balance                                                         \$ 243,000

Percentage of outstanding receivable considered uncollectible        3.5 %

Uncollectible accounts balance = \$ 243,000 * 3.5 %                  \$    8,505

Existing balance in uncollectible account                                     \$  ( 4,300)

Bad debts expense for the year                                                      \$  4,205

The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some disagreement as to whether the government should attempt to stabilize the economy. Which of the following are arguments in favor of active stabilization policy by the government?a. Shifts in aggregate demand are often the result of waves of pessimism or optimism among consumers and businesses.
b. The current tax system acts as an automatic stabilizer.
d. The Fed can effectively respond to excessive pessimism by expanding the money supply and lowering interest rates.

I’m pretty sure it’s d
the answer is D. The Fed can effectively respond to excessive pessimism by expanding the money supply and lowering interest rates.

If the potential customers belong to the same segment, display comparable characteristics, and choose the same product qualities consistent with their segment, then which condition for the ideal market segment approach should be used

Explanation:

Since the potential customers belong to the same segment, display comparable characteristics, and choose the same product qualities that are consistent with their segment, then the condition for the ideal market segment approach which should be used is the internally homogeneous.

On the other hand, if the potential customers are in different segments, have different characteristics, and choose different product qualities, then the externally homogeneous will be ideal.

internally homogenous

This​ year, Druehl,​ Inc., will produce 60 comma 000 hot water heaters at its plant in​ Delaware, in order to meet expected global demand. To accomplish​ this, each laborer at the plant will work 160 hours per month. If the labor productivity at the plant is 0.15 hot water heaters per labor​ hour, how many laborers are employed at the​ plant?

Explanation:

Giving the following information we need to calculate the number of employees:

Total production= 60000

Hours per worker= 160 hours

labor productivity= 0,15

It takes to a single employee= 1/0,15= 6,67 hours to make a heater.

Each worker produces=160/6,67=24 heaters a year.

Now we can calculate the number of workers:

60000/24= 2500 employees