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s2008m [1.1K]
3 years ago
15

Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding

Department, started the month with 18,400 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $17,200. An additional 86,000 units were started into production during the month. There were 19,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $838,880 in conversion costs were incurred in the department during the month.
The cost per equivalent unit for conversion costs for the month is closest to:

Business
1 answer:
MrRa [10]3 years ago
3 0

Answer:

$ 8.686

Explanation: the solution is shown in the attached picture

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Lance Brothers Enterprises acquired $515,000 of 3% bonds, dated July 1, on July 1, 2018, as a long-term investment. Management h
Dmitriy789 [7]

Answer:

1st July,2018  

investment in bond     $515,000 ( debit)

discount on bond investment   $80000 (credit)

Lance Brothers paid   $435,000 ( credit)

31st, December 2018

cash     $7725 (debit)

discount on bond   975 ( debit )

interest revenue is   $8700 (credit )

Explanation:

Given data

investment = $515,000

bond = 3%

interest rate = 4%

Lance Brothers paid = $435,000

to find out

investment in the bonds on July 1 and interest on December 31

solution

we know here

on 1st July,2018

investment in bond that is = $515,000 ( debit)

and we know Lance Brothers paid  =  $435,000 ( credit)

so discount on bond investment = 515000 - 435000 = $80000 (credit)

and

on 31st, December 2018

cash will be =  investment in bond ×  3% /2

cash = 515,000 ×  3% /2

cash =  15450 /2 = $7725 (debit)

interest revenue =  Lance Brothers paid × 4% / 2  

interest revenue = 435,000 × 4% / 2  

interest revenue is 17400 /2 = $8700 (credit )

so and discount on bond = interest - cash

discount on bond = 8700 - 7725 = 975 ( debit )

5 0
3 years ago
polska, incorporated, is obligated to pay its creditors $9,300 during the year. what is the value of the shareholders’ equity if
gizmo_the_mogwai [7]

Total assets=Total liabilities+ Total equity

=> Total equity= total asset - total liabilities

a. Share holders equity=(11100-9300)= $1800

b. Share holders equity=(8700-9300)= -600 ~ 0

Rounded -600 to nearest whole number, that is 0

<h3>What are shareholders?</h3>

A shareholder may be a individual or institution that has contributed cash in a enterprise in trade for a “share” of the possession. That proprietorship is spoken to by common or preferred offers issued by the company and held (i.e., claimed) by the shareholder. The shareholders are the proprietors of the company and give money related backing in return for potential profits over the lifetime of the company.

To learn more about shareholder, visit;

brainly.com/question/15186298

#SPJ4

6 0
2 years ago
Layla made a snide remark to her colleague that he "looks at the customer like henry ford probably did." what did she mean by su
Anarel [89]
She made a snide remark means she's looking to her colleague in a negative or insulting way. If her action is can be compared with how he looks at the customer like henry ford probably did.

Henry Ford is a well-known businessman. What Layla tried to show is that she collogue should treat well their customer because of the source of their money or company's income. 
8 0
3 years ago
Which of the following is an advantage of utilizing technology?
8090 [49]

Answer:

C. Productivity increases.

Explanation:

Technology is the application of skills, knowledge which could be scientifically in solving problems, it can be in production of good and services.

Technology brings about automation, it saves time and provide efficiency in operation.

It should be noted that Productivity increases is an advantage of utilizing technology all over the world.

7 0
3 years ago
Sommer Corporation began the year with cash of $130,000 and land that $55,000. During the year Sommer earned service revenue of
kirza4 [7]

Answer:

How much net income (or net loss) did Sommer experience for the year?

$11000

Explanation:

earning                  280000

Expenses salaries  159000

Expenses rent           85000

Expenses Utilities   25000

Net Income             11000

4 0
3 years ago
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