Answer:
The equivalent units of production for the month is 12,150 units
Explanation:
The computation of the equivalent units of production for the month is shown below:
= Units completed and transferred × percentage of completion + ending units of work in progress inventory × percentage of completion
= 9,100 units × 100% + 6,100 units × 50%
= 9,100 units + 3,050 units
= 12,150 units
We consider both the units which are given in the question. The units completed and transferred is considered 100% while the ending work in progress units considered 50%
Answer:
$80,000
Explanation:
The calculation of the total amount of dividend for three years is given below
= Net loss for first-year - net income for the second year + net income for the third year - ending retained earning balance
= -$150,000 + $100,000 + $250,000 - $120,000
= $200,000 - $120,000
= $80,000
And,
As we know,
The ending balance of retained earning = Beginning balance of retained earnings + net income - cash dividend paid
So, we used the same formula to compute the dividend amount
Answer:
a.
Assets : Increases (Cash) $15,000
Liabilities : No Effect
Equity : Increases (Common Stock) $15,000
b.
Assets : Decrease (Cash) $500, Increase (Supplies) $500
Liabilities : No Effect
Equity : No Effect
c.
Assets : Increases (Equipment) $10,000
Liabilities : Increases (Note Payable) $15,000
Equity : No Effect
d.
Assets : Increases (Supplies) $15,000
Liabilities : Increases (Accounts Payable) $15,000
Equity : No Effect
e.
Assets : Increases (Land) $9,000, Decrease (Cash) $9,000
Liabilities : No Effect
Equity : No Effect
Explanation:
The Accounting Equation is : Assets = Equity + Liabilities
So first determine the accounts affected in each transaction and determine their category in the elements of Accounting Equation.
Finally indicate if the category is increasing or decreasing.
Answer:
Cierra should buy the chips
Explanation:
Buying the chips will eliminate $50,000 overhead cost she will incur if she makes it