Answer: $58600
Explanation:
The net income that would have been if the allowance method had been used, and the company estimated that 2.5% of sales would be uncollectible will be calculated thus:
= Reported net income + Uncollectible - (Sales × % Uncollectible)
= $63800 + $9300 - ($580000 × 2.5%)
= $63800 + $9300 - $14500
= $58600
Answer:
Cost per equivalent whole unit is a. $3.30
Cost to work in process b. $266,525
Explanation:
Cost per equivalent units is :
Direct Material Cost $70,500 * 100% =
Conversion Cost $34,050 * 40% = 13,620
Direct Material Added $342,000 * 100% =
Conversion Costs $352,950 * 20% = 70,590
Total Cost is $496,710
Equivalent units during February is 225,000
Cost per equivalent unit is $3.30
<span>The federal funds rate is the interest rate charged when</span> one bank lends reserves to another bank
<span>Arbitrage causes an equalization of the
rate of return of assets when assets are identical or nearly identical.
</span>
We can define arbitrage as it is the activity that generates
dependable profits by means of selling one asset and buying the same or nearly
same asset to advantage from temporary differences in fees or costs of return;
the exercise that equalizes expenses or returns on comparable financial gadgets
and hence removes further opportunities for without any risk economic advantage.
Answer:
A distribution of scores that is positively skewed will have a small number of scores that are very high.
Option C is correct.
Explanation:
A distribution is said to be normal if the value of skewness is equal to zero, this type of distribution is symmetric.
However, if the skewness value is less than zero, then the distribution is negatively skewed and if the skewness value is greater than zero then the distribution is positively skewed.
For a positively skewed distribution, the tail is elongated downward, and the mean value is greater compared with median and mode. Hence, the observations are extremely high and the mean is distributed upward.
