All categories

4 years ago

The statement of owner’s equity contains the

Business

2 answers:

horsena [70]4 years ago

6 0

I rather forgot it but i guess its A

xeze [42]4 years ago

5 0

The answer to your question is A. Owner's capital for the beginning of the period.

You might be interested in

When money serves as a store of value, it ____ urchasing power.

Svetlanka [38]

Answer:

Explanation:

6 0

4 years ago

Seidman Company manufactures and sells 20,000 units of product X per month. Each unit of product X sells for $17 and has a contr

True [87]

Answer:

Effect on income= $115,000 decrease

Explanation:

Giving the following information:

Fixed costs= $45,000

Number of units= 20,000

Unitary contribution margin= $8

To calculate the effect on income, we need to use the following formula:

Effect on income= decrease in fixed costs - decrease in contribution margin

Effect on income= 45,000 - 20,000*8

Effect on income= $115,000 decrease

4 0

3 years ago

To manufacture protective cases and keep its operations running smoothly, Connie’s Case Creations makes purchases from a number

AnnZ [28]

Answer:

Purchase of large-scale machinery to mold each case.- Major Equipment

Major equipment are large scale type assets.

Purchase of cleaning fluids for maintaining manufacturing equipment - Supply

Supply goods are bought to enable the company maintain their equipment.

Purchase of accounting services for tax preparation - Business Service

They are services purchased to maintain the business.

Purchase of bulk plastics to be molded into cases - Raw Materials

These are the commodity goods that will be used to make finished products.

Purchase of multifunction laser printers for office use - Accessory Equipment

Accessory equipment are light in nature but are still needed to help in the operations of the business.

Purchase of leather straps to be fastened to finished cases - Component Part

Purchase of plastic glues to attach decorations to finished cases - Process Material

These are products that will be used in the production process.

8 0

4 years ago

Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following i

Alex Ar [27]

Answer:

Aaron Company

a. Weighted-average

Equivalent units of production Units Materials Conversion

Units transferred to Finishing 630,000 630,000 (100%) 630,000 (100%)

Work in process, March 31 120,000 0 (0%) 48,000 (40%)

Equivalent units 630,000 678,000

b. FIFO:

Equivalent units of production Units Materials Conversion

Work in process, March 1 150,000 0 60,000 (40%)

Units started and completed 480,000 480,000 (100%) 480,000 (100%)

Work in process, March 31 120,000 0 (0%) 48,000 (40%)

Equivalent units 480,000 588,000

c. The change will reduce the unit costs of units transferred to finished goods in March.

Explanation:

a) Data and Calculations:

Work in process, March 1 (60% complete as to conversion costs) 150,000

Units started in March 600,000

Units transferred to Finishing Department in March 630,000

Work in process, March 31 (40% complete as to conversion costs) 120,000

a. Weighted-average

Equivalent units of production Units Materials Conversion

Units transferred to Finishing 630,000 630,000 (100%) 630,000 (100%)

Work in process, March 31 120,000 0 (0%) 48,000 (40%)

Equivalent units 630,000 678,000

b. FIFO:

Equivalent units of production Units Materials Conversion

Work in process, March 1 150,000 0 60,000 (40%)

Units started and completed 480,000 480,000 (100%) 480,000 (100%)

Work in process, March 31 120,000 0 (0%) 48,000 (40%)

Equivalent units 480,000 588,000

c. If the estimated completion for ending work in process is changed to 60% from 40%, the equivalent units of production for materials will increase by 120,000. This increase will also increase the cost of ending work in process and reduce the unit costs transferred to finished goods in March.

4 0

3 years ago

Suppose that the Federal Reserve (the "Fed") sells $1.5 million of bonds to a bond dealer, who pays the Fed by writing a check a

GuDViN [60]

Answer:

C. Checkable deposits fall by $1.5 million, and the banking system's holdings of securities fall by $1.5 million.

Explanation:

Checkable deposits are a category of Custer deposit that allows a customer withdraw the amount in their accounts on demand.

Of the federal reserve sells $1.5 million worth of bonds and gets paid through a checking account, then the balance in the checking account will go down by $1.5 million.

Since the Federal reserve (central bank of the United States) is part of the banking system and they are giving out bonds, the banking system's holdings of securities fall by $1.5 million.

5 0

3 years ago