Answer:
Total total equivalent units for conversion are 17,000
Explanation:
Materials:
cost: 35,200
complete units 16,000
WIP 4,000 100%
BI 0
Total Units 20,000
Material Cost per unit : 1.76
<u>Conversion</u>
cost 37,400
<u>Equivalent Units</u>
The complete units count entirely. The WIP units work as much as process they receive. Finally there are no beginning inventory units
complete units 16,000
WIP 4,000 x 1/4 = 1,000
BI 0
Total equivalent units 17,000
37,400/17,000 = 2.2
Conversion cost per unit: 2.22
Equivalent unit cost: 1.76 + 2.22 = 3.98
Answer:
D) The Agency Problem
Explanation:
The agency problem refers to a conflict of interests between the principal and his/her agent. Agents have a fiduciary duty to act on the best interest of their principal, but sometimes agents place their own personal interest before the interests of their principal.
in this case, the brokers should act on behalf of their clients to make them earn the largest possible profits, but instead they focus on convincing them about transactions that increased the broker's profit and not the clients'.
Answer:
the gift shop must recognize 31 days of accrued interest payable, total interest = principal x interest rate x time passed
= $50,000 x 12% x 31/365 days = $509.59
the adjusting entry should be:
December 31, accrued interest on note payable
Dr Interest expense 509.59
Cr Interest payable 509.59
Answer:
C. $52,100
Explanation:
Account Receivables On December 31, 2016,
= $53,800
Estimate of receivables that will not be collected is an indication of receivables gone bad.
Such receivables are usually written off the books by Crediting account receivables and debiting bad debit expense.
If it is only probable that the receivables may not be collected, the entries would be credit to allowance for bad debt and a debit to bad debt.
In this instance, the debt will not be collected hence
Debit bad debt expense $1,700
Credit Trade receivables $1,700
Being entries to recognize receivables that will not be collected.
Account receivables adjusted balance = $53,800 - $1,700
= $52,100
To resolve difficult moral dilemmas, the better we understand the exact ramifications of the alternatives—the more likely we are to make a sound moral decision.
<h3>What is moral dilemmas?</h3>
Moral dilemmas are the situations in which the decision-maker must have to consider two or more moral values but he can only chose one of them.
In moral dilemmas, the individual will disobey at least one important moral concern, regardless of the decision.
The five main steps involved in the resolving moral dilemmas are Assessment, Alternative, Analysis, Application and Action.
Learn more about the moral dilemmas here:-
brainly.com/question/26929301
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