Answer: The correct answer is <u>".B. There is no beginning inventory.".</u>
Explanation:
The weighted average method produces the same cost of manufactured goods as the FIFO method (First in First out) when there is no beginning inventory because there are no units at the beginning that drag the cost.
Answer: E.53
Explanation:
From the above information, the formula for due date is given below.
DUE DATE = Expected Completion Time + (Z * Standard Deviation)
A confidence level refers to the percentage of all possible samples that can be expected to contain the true population parameter. It is computed according to a random sample from the population and most times always associated with a certain confidence level that is a probability, usually presented as a percentage. The 90% says that 90% will include the true mean but 10% won't.
A Z-score is referred to as a numerical measurement that is made use of in statistics of a value's relationship to the mean (that is average) of a group of values, measured in terms of standard deviations away from the mean.
Expected time = 40
Confidence interval = 90 = Z VALUE of 1.282
Standard Deviation= 10
DUE DATE = 40 + (1.282 * 10) = 53days
= 40+ 12.82
=52.82
Approximately 53
Therefore,the time in days is 53 days.
Answer:
No gain or loss.
Explanation:
Given:
Amount of spice mixture = 470 pound
Current price = $2.35 per pound
Future price = $2.73 per pound
Computation:
We know that, Future price of spice mixture is higher than current price of spices.
But contract price is fixed at $2.35.
Therefore, no gain or loss will be recognized.
In comparing money to a share of Microsoft stock held by an individual, we can say, only the money is a means of payment, but both are stores of value.
In order to serve as a medium of exchange, money is very widely accepted as a method of payment. When comparing money to a share of Microsoft stock which is held by an individual, it can be said that money is a means of payment, but here the stock and money both are stores of value.
As a store of value, money is not unique as there are many other stores of value exist, such as stocks, land, works of art etc. Money may not even be the best store of value because it depreciates with inflation.
Hence, money is a means of payment, but together with money, stocks can also be stores of value.
To learn more about stocks here:
brainly.com/question/12737015
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Answer:
Incremental income as scrap=$66,500
Incremental income when re-worked= $81,700
Explanation:
Unit contribution from selling as scrap is the equal to the scrap value = 3.50
Unit contribution when reworked and sold as scrap =Selling price - cost of re-work= $8.90-4.60= $4.3
Incremental income as scrap = $3.50×19,000= $66,500
Incremental income when re-worked= $4.3 × 19,000 = $81,700
Incremental income as scrap=$66,500
Incremental income when re-worked= $81,700
