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1 year ago

Public debt includes debt that is held by:________

Business

1 answer:

ELEN [110]1 year ago

7 0

The answer is Public debt includes debt that is held by the social security Administration.

Public debt is the total amount, including total liabilities, borrowed by the government to meet its development budget.

What is Public debt?

Public debt has to be paid from the consolidated fund of India. It is also used to refer overall liabilities of central and state governments, but the union government clearly distinguishes its debt liabilities from the state.
The sources of public debt are dated government securities (G-Secs), treasury bills, external assistance, and short term borrowings.
However, if the public debt is calculated as government liabilities, which also includes the liabilities of states.

To learn more about Public debt

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Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory cos

Elenna [48]

Answer:

1. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods:

A. Last-in, first-out:

cost of goods available for sale = $20,230
cost of goods sold = $12,315
ending inventory = $7,915

B. Weighted average cost:

cost of goods available for sale = $20,230
cost of goods sold = $11,543
ending inventory = $8,687

C. First-in, first-out:

cost of goods available for sale = $20,230
cost of goods sold = $10,675
ending inventory = $9,555

D. Specific identification, assuming that the April 1 sale was selected one-fifth from the beginning inventory and four-fifths from the purchase of March 2. Assume that the sale of August 1 was selected from the purchase of June 30:

cost of goods available for sale = $20,230
cost of goods sold = $11,379
ending inventory = $8,851

2A. Of the four methods, which will result in the highest gross profit?

First-in, first-out , since COGS is lowest

2B. Of the four methods, which will result in the lowest income taxes?

Last-in, first-out , since COGS are highest

Explanation:

Beginning inventory, January 1 240 $21 = $5,040

A. Purchase on account, March 2 320 $23 = $ 7,360

C. Purchase on account, June 30 290 $27 = $7,830

total 850 units, $20,230

B. Cash sale, April 1 ($37 each) (390)

D. Cash sale, August 1 ($37 each) (95)

total units sold 485 units

COGS:

LIFO = (290 x $27) + (195 x $23) = $7,830 + $4,485 = $12,315

FIFO = (240 x $21) + (245 x $23) = $5,040 + $5,635 = $10,675

WA = ($20,230 / 850) x 485 = $11,543

SI = (78 x $21) + (312 x $23) + (95 x $27) = $1,638 + $7,176 + $2,565 = $11,379

5 0

3 years ago

Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

valentinak56 [21]

Answer:

a. What are the total equivalent units for direct materials?

152,400 units

b. What are the total equivalent units for conversion costs?

129,700 units

c. What is the cost per equivalent unit for direct materials?

Total Direct Materials Cost

$495,300

Cost per equivalent unit = Total Direct Materials Cost / total equivalent units for direct materials

$3.25

d. What is the cost per equivalent unit for conversion costs?

Total conversion costs

$324,250

Cost per equivalent unit = Total conversion costs / total equivalent units for conversion

$2.50

e. What is the total cost of units completed and transferred out?

$615,250

f. What is the total cost of units remaining in ending WIP?

$204,300

Explanation:

a. What are the total equivalent units for direct materials?

Completed and Transferred (107,000 × 100%) = 107,000 units

Ending Work In Process (45,400 × 100%) = 45,400 units

Total equivalent units = 152,400 units

b. What are the total equivalent units for conversion costs?

Completed and Transferred (107,000 × 100%) = 107,000 units

Ending Work In Process (45,400 × 50%) = 22,700 units

Total equivalent units = 129,700 units

c. What is the cost per equivalent unit for direct materials?

Total Direct Materials Cost

Beginning Work In Process $53,200

Added $442,100

Total Direct Materials $495,300

Cost per equivalent unit = Total Direct Materials Cost / total equivalent units for direct materials

= $495,300/ 152,400 units

= $3.25

d. What is the cost per equivalent unit for conversion costs?

Total conversion costs

Beginning Work In Process $19,600

Added $304,650

Total conversion costs $324,250

Cost per equivalent unit = Total conversion costs / total equivalent units for conversion

=$324,250/ 129,700 units

= $2.50

e. What is the total cost of units completed and transferred out?

Raw Materials ( $3.25 × 107000) = $347,750

Conversion($2.50 × 107000) = $267,500

Total $615,250

f. What is the total cost of units remaining in ending WIP?

Raw Materials ( $3.25 × 45,400) = $147,550

Conversion($2.50 × 22,700) = $56,750

Total $204,300

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3 years ago

Why are people engaged in business? Explain.

Crank

Answer:

The reason why people get engaged in business is because they become more productive and people engage in business to make money and get returns on investment.

Explanation: This is the answer I hope this helped you out.

3 0

2 years ago

Dditional Time Used: 07 minutes, 16 seconds.

Sedaia [141]

Answer:

the answer is c...employees need 2 b compensated 4 a job that is satisfactory 2 a company.., this position to workers, relays a feeling of "job well done"

4 0

3 years ago

What is the economic theory that is the opposite of capitalism? Answer command economy market economy socialism competition

Archy [21]

A command economy would be an economic system that is the opposite of capitalism. A command economy could exist in a socialist system as well, whereby the state controls major businesses in an economy and provides close economic planning for a country's industries rather than allowing private ownership and free markets under capitalism.

7 0

3 years ago