Answer:
51,000
Explanation:
Beginning WIP 0
Started into Production (60,000+15,000)
Total Units 75,000
Transferred Out (60,000 – 15,000)
= 45,000 = 45,000 equivalent conversion units
Ending WIP 15,000
= 15,000 * .4 = 6,000
45,000+6000 =51,000
Total Units 75,000 = 51,000 conversion total equivalent units
Therefore the equivalent units of production for conversion costs for the month of July is 51,000
Answer:
total liabilities = $169,008
Explanation:
total liabilities:
- Accounts Payable: $19,207
- Discount on Bonds Payable: ($7,000) ⇒ contra liability account
- Sales Tax Payable: 3,512
- FICA Tax Payable: 3,200
- Bonds Payable: 100,000
- Note Payable, due in two years 1,709
- Unearned Service Revenue 30,500 ⇒ must be reported as a liability
- Salaries and Wages Payable 17,880
to determine the total liabilities we just have to add both current and long term liabilities, and subtract any contra liability accounts = $176,008 - $7,000 = $169,008
Answer:
Omar should get budgeting advice from a consumer credit counselor
Explanation:
It is apparent from the question that Omar is having a financial problems as he is finding it difficult to meet up with his student loan and credit cards repayment plan.
It is advisable at this point that he should engage the service of a consumer credit counselor for budgeting advice to improve on his situation.
Consumer credit counselling service is a form of service that help to proffer solution to financial problems through financial education , budgeting assistance and debt management.
Effective teamwork and high productivity are good indications of positive Productivity goals.
