<span>You would receive a tax refund from the IRS if you paid too much in taxes versus what your net income was during the year. The taxes owed is less than what was paid to the IRS during the year. If you receive credits for what you are able to deduct from your net income, then you will be able to receive money back at the end of the year for over paying during the year.</span>
Answer and Explanation:
The computation of the equivalent units of productions for material and conversion is shown below:
Particulars Materials Conversion costs
Units transferred out 14100 14100
Add:
Ending work in process 4400 2640
(4,400 × 60%)
Total equivalent
units of production 18500 16740
Answer:
Average price = $16.56
Explanation:
The weighted average price is the average value of a group of shares bought and different points in time and at different prices.
It is the average value that considers the proportion of each share (weight) purchased at a particular price when computing the average price of a group of shares. The implication of this method of computing average is simply that shares with higher quantity (weight) will have their prices more represented than those with lower quantity.
This average price is useful to evaluate and track the performance of an investment that is made of series of transactions by comparing the average price to the market price.
To calculated the weighted average price, we multiply the quantities of shares purchased by their respective prices and sum all together and then divide by the total quantity of shares.
We can apply this to the question
Weighted average price = ( (1300× $17) +( 900× $12) + ( 800× $21))/3,000
= 49,700/3,000
= $16.56
Note 800 in bold is the balance of shares as stated in the question which is 3000 - (1300+ 900) = 3,000- 2,200 = 800.
Answer:
a) increased nominal GDP by $20,000, but left real GDP unchanged.
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
Nominal GDP is GDP calculated using current year prices.
Real GDP is GDP calculated using base year prices.
Nominal GDP = 1000 × $12 = $12,000
Nominal GDP increased by $12,000 but real GDP remained unchanged because the same amount of pizzas was produced both years.
I hope my answer helps you
Answer:
The correct answer is letter "D": cost advantage strategy.
Explanation:
Cost advantage strategy is a technique implemented by companies to provide equal benefits to consumers at a lower price than competitors. Firms achieve this practice by maximizing the utilization of technology, processes, and resources. If a company implements and sustains operations with a cost advantage strategy it is said it has obtained a comparative advantage.