Answer:
If the FIFO method is used, the equivalent units of production during the month equal:_________122,000
Explanation:
<u>FIFO Equivalent Units </u>
Particulars Units % Of Completion Equivalent Units
Materials Conversion Materials Conversion
Beginning Inventory 10,000 60 60 6000 6000
+Units Transferred 120,000 100 100 120,000 120,000
Less
<u>Ending Inventory 20,000 20 20 4000 4000</u>
<u>FIFO Equiv. Units 122,000 122,000</u>
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<em>FIFO method uses the beginning units and deducts the ending units. For this we add the beginning units and deduct the Ending units to get the First In First Out units. AS the name suggests it only deals with the beginning units First purchased or produced and leaves the ending units Last produced.</em>
Answer:
An affiliation
Explanation:
An affliation in management refered to act of associating, this could be a former agreement on a particular projects, whereby there is agreement between the partners to carry out a certain activities and how it's officially coordinated. It usually employed among organizations.
Therefore, from the question Formal agreement between separately owned and controlled facilities to officially coordinate is known as an affiliation
Answer:
the quick ratio is 1.4 times
Explanation:
The computation of the quick ratio is given below:
Quick ratio is
= (Cash + Accounts receivables) ÷Current liabilities
= ($120,000 + $80,000) ÷ $140,000
= 1.4 times
hence, the quick ratio is 1.4 times
The same should be considered and relevant
Answer:
Strategic planning
Explanation:
Strategic planning is a plan carried out at the top echelon of the management of an organisation, it defines the long term vision of an organisation, provides directions and deploy resources required to achieve the long term goals of the organisation.
Strategic planning has to do with defining the strategic business focus of the business, raising the required finance, and ensuring the plans are put into operation by the relevant level of management and it is consistent with the strategic plan.
Answer:
the exchange rate between two different currency is 6 pesos per dollar
Explanation:
The computation of the exchange rate between two different currency is
= Unit cost of spam in Wiknam ÷ unit cost of spam in Ectenia
= 24 pesos ÷ 4 dollars
= 6 pesos per dollar
hence, the exchange rate between two different currency is 6 pesos per dollar
We simply applied the above formula so that the currency rate could come
And, the same is to be applied