I have a lot to say about the president and president for
Answer:
$34,700
Explanation:
Calculation to determine what the cost of ending work in process inventory for the department would be:
Using this formula
Cost of ending work in process inventory=Beginning work in process inventory +Costs added to production-Units completed and transferred out
Let plug in the formula
Cost of ending work in process inventory=$12,700+$433,000- $411,000
Cost of ending work in process inventory=$34,700
Therefore the cost of ending work in process inventory for the department would be: $34,700
Answer:
Profit of $3000
Explanation:
The exchange rate of a future contract is usually fixed at the time when the contract is buy 100,000 euros at a futures contract price of $1.22.
The Value in dollars at the time is: $122,000
At the maturity spot rate of the euro is $1.25.
The value of the contract is: $125,000
The difference:
$125,000-122,000
=$3000.
Since the maturity spot rate is higher, there is a profit of $3000 from speculating with the futures contract.
Answer: $116.026
Explanation:
Given the following ;
Yearly hazard insurance = $350
Keisha is the buyer and the closing date of transaction is September 1 of the year.
January 1 till September 1 = 244days
Now Keisha will have to credit John from September 2 till December 31st of that year
Therefore,
September 2 till December 31 = 365 - 244 = 121 days
Daily hazard insurance = $350 ÷ 365 = $0.9589
Keisha's share = $0.9589 × 121 = $116.026
