Answer:
c) 48,000
Explanation:
<em>Equivalent Units</em>
To apportion cost between work in progress and completed units in a particular period, we use equivalent units. Equivalents units are notional whole units which represent incomplete work and are used to apportion cost between completed units and work in progress
<em>Equivalent Units = Degree of Completion × Units of products</em>
<em />
<em>Item units workings E.U</em>
Finished products 45,000 100% × 45,000 = 45,000
Closing WIP 5000 3/5 × 5000 = 3,000
Total equivalent unit 48,000
Equivalent unit for the conversion cost= 45000 +3000= 48,000
Answer:
Current yield=5.6%
Explanation:
<em>The current yield is the proportion of the current price of a bond earned as annual interest payment.</em>
<em>Current yield = annual interest payment/bond price</em>
<em>Annual interest payment = coupon rate × face value</em>
= 5.44% × $2000
= $108.8
Current yield
= annual interest payment/price
= $(108.8/1,930.36) × 100
= 5.6%
Note we used the annual interest payment nothwithstanding that interests are paid semi-annually
Answer:
Explanation:
Bonds have some advantages over stocks, including relatively low volatility, high liquidity, legal protection, and a variety of term structures.
