Assume that the following events occurred at a division of generic electric for march of the current year: 1. purchased $80 million in direct materials. 2. incurred direct labor costs of $55 million. 3. determined that manufacturing overhead was $79 million. 4. transferred 80 percent of the materials purchased to work-in-process. 5. completed work on 80 percent of the work-in-process. costs are assigned equally across all work-in-process. 6. the inventory accounts have no beginning balances. all costs incurred were debited to the appropriate account and credited to accounts payable. required: give the amounts for the following items in the work-in-process account: (do not round your intermediate calculations. enter your final answers in millions rounded to 2 decimal places.) transfers-in milliontransfers-out millionending balance million

If research reveals that a company has a large number of unresolved complaints and a poor business rating, which external source did you most likely use during this research? a. blogs b. better business bureau c. social media d. local chamber of commerce e. mint global

The u.s. stock market has returned an average of about 9% per year since 1900. this return works out to a real return (i.e., adjusted for inflation) of approximately 6% per year. if you invest $100,000 and you earn 6% a year on it, how much real purchasing power will you have in 30 years?

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.