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S_A_V [24]
3 years ago
8

At the beginning of the recent period, there were 900 units of product in a department, one-third completed. These units were fi

nished and an additional 5,000 units were started and completed during the period. 800 units were still in process at the end of the period, one-fourth completed. Using the Weighted Average valuation method, the equivalent units produced by the department were:
a. 6700 units
b. 5900 units
c. 5800 units
d. 6100 units
e. 8500 units
Business
1 answer:
otez555 [7]3 years ago
6 0

Answer:

5,500 units

Explanation:

Given that

Beginning units = 900 units out of one third is completed i.e = 300 units

Started and completed units = 5,000 units

Ending units = 800 units out of one fourth is completed = 200 units

So, according to the weighted average valuation method, the equivalent units is

= 300 units + 5,000 units + 200 units

= 5,500 units

This is the answer but the same is not provided in the given options

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Given the following information about the closed economy of Brittania, what is the level of investment spending and private savi
arlik [135]

Answer:

$270 million; $220 million; $50 million

Explanation:

Given that,

GDP = $ 1260.00 million

T = $ 320.00 million

C = $ 720.00 million

G = $ 270.00

Formula for calculating GDP by expenditure method is as follows:

GDP = Consumption + Investment spending + Government spending

$1,260 = $720 + Investment spending + $270

$1,260 = $990 + Investment spending

$1,260 - $990 = Investment spending

$270 million = Investment spending

Private savings refers to the savings of the households. It is calculated by  subtracting the taxes and consumption spending from the income level.

Private savings:

= GDP - Taxes - Consumption spending

= $1,260 - $320 - $720

= $220 million

Public savings refers to the savings done by the government. Public savings is calculated by subtracting the government expenditure from the taxes.

Public savings = Taxes - Government spending          

                        = $320 - $270

                        = $50 million

Therefore, a positive public savings indicates that there is a budget surplus.

6 0
3 years ago
How are issues such as customer theft and spoilage addressed at year-end?
forsale [732]
In accounting, the inventory is always done annually so inventory must always be accounted for at the year end. In order to address issues such as customer theft or spoilage, you have to minus (it's market value) from the beginning inventory. 
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3 years ago
Select the correct statement regarding managerial and financial accounting. Multiple Choice Timeliness is more important in fina
rusak2 [61]

Answer:

Financial accounting is more highly regulated than managerial accounting.

Explanation:

Financial accounting is highly regulated and follows laid down principles that must be followed. International Financial Reporting Standard (IFRS) and Generally Accepted Accounting Principles (GAAP) are two examples of regulatory guidelines for financial accounting.

On the other hand managerial accounting is flexible and tailored to the manager's needs.

It must not follow the strict guidelines of financial accounting. This is because managerial accounting is used internally by a company and is not subject to public scrutiny.

5 0
4 years ago
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Slide Corporation reported net income for the current year of $370,000 and paid cash dividends of $50,000. Power Company holds 4
expeople1 [14]

Answer:

$20,000

Explanation:

Since Slide Company does not have any controlling interest which is ability to influence the decision making.

In Power Company, it should recognize the amount of below as dividend income in the current year,

50,000 * 40% = $20,000  

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Sergeeva-Olga [200]
A public enterprise is an industrial or commercial undertaking which the government owns and manages. Also, the primary objective of such an enterprise is social welfare and upholding the interest of the general public
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