The practice of a message receiver giving back in his or her own words what he or she believes a sender said is called feedback.

Assuming beginning work in process is zero, the equivalent units of production computed using fifo versus weighted average will

Sloan [31]

Answer:

4. Weighted-average equivalent units will be equal to FIFO equivalent units.

Explanation:

Equivalent units of production is been applied to the work-in-process inventory when an accounting period comes to an end. It can be regarded as expression that gives amount of work done which was recorded by a manufacturer over a units of output which was partially completed after an accounting period. For instance, if there are 100 units that are in process, then 40% of processing cost is expended , then we can say there are 40 equivalent units of production. It should be noted that the if beginning work in process is zero, the equivalent units of production computed using fifo versus weighted average will have a relationship in such a way that Weighted-average equivalent units will be equal to FIFO equivalent units.

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4 0

3 years ago

The following information is available for Marin Inc. for three recent fiscal years. 2022 2021 2020 Inventory $565,000 $572,000

Nataly_w [17]

Answer:

Inventory turnover for 2022 = 1.25

Inventory turnover for 2021 = 1.3

Days Sales in Inventory for 2022= 145.10

Days Sales in Inventory for 2021= 180.044

Gross Profit Rate for 2022= 473750/1,895,000*100= 25%

Gross Profit Rate for 2021= 0.35 * 100= 35%

Explanation:

2022 2021 2020

Inventory $565,000 $572,000 $320,000

Net sales 1,895,000 1,784,000 1,360,000

Cost of goods sold 1,421,250 1,159,600 930,000

Inventory turnover= Cost Of Goods Sold/ Average Inventory

Inventory turnover for 2022 = 1,421,250/ $565,000 + $572,000

Inventory turnover for 2022 = 1,421,250/ 1137,000

Inventory turnover for 2022 = 1.25

Inventory turnover for 2021 = 1,159,600/$572,000 + $320,000

Inventory turnover for 2021 = 1,159,600/892,000

Inventory turnover for 2021 = 1.3

Days Sales in Inventory for 2022 = Ending Inventory/ Cost Of Goods Sold * 365

Days Sales in Inventory for 2022 =($565,000/1,421,250)*365

Days Sales in Inventory for 2022 =(0.3975)*365

Days Sales in Inventory for 2022= 145.10

Days Sales in Inventory for 2021 = Ending Inventory/ Cost Of Goods Sold * 365

Days Sales in Inventory for 2021 =$572,000 / 1,159,600 * 365

Days Sales in Inventory for 2021= 0.4933*365

Days Sales in Inventory for 2021= 180.044

Gross Profit Rate= Gross Profit/ Sales * 100

Gross Profit Rate= Sales - Cost Of Goods Sold / Sales * 100

Gross Profit Rate for 2022= 1,895,000-1,421,250/1,895,000* 100

Gross Profit Rate for 2022= 473750/1,895,000*100= 25%

Gross Profit Rate for 2021= 1,784,000 -1,159,600/ 1,784,000 * 100

Gross Profit Rate for 2021= 624,400/1,784,000 * 100

Gross Profit Rate for 2021= 0.35 * 100= 35%

6 0

3 years ago

Land improvements were put into service on January 1st. The cost was $80,000, and the estimated salvage value was $20,000. The c

pochemuha

Answer:

7

Explanation:

Depreciation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life

Useful life isn't given

Cost of asset = $80,0000

Salvage value = $20,000

Depreciation expense = $5,000

$5,000 = ($80,000 - $20,000) / x

$5,000 = $60,000 / x

X = 12

The useful life is 12 years

If accumulated depreciation is $25,000, the number of years so far would be $25,000 / $5,000 = 5 years

Remaining year = 12 - 5 = 7 years

I hope my answer helps you

8 0

3 years ago

The Hype Company's currently outstanding bonds have a 10 percent coupon and a 11 percent yield to maturity. Hype believes it cou

zavuch27 [327]

Answer:

After tax cost of debt is 6.82%

Explanation:

Currently the yield to maturity is the pre-tax cost of debt for Hype company, however the after tax cost of debt considers that the bonds are tax deductible , its actual is less than the pre-tax cost of debt , hence the after-tax cost of debt is shown below

After tax cost of debt=yield to maturity *(1-tax)

after tax cost of debt=11%*(1-0.38)

after tax cost of debt=11%*0.62

after tax cost of debt =6.82%

This confirms that cost of debt is usually lower than cost of equity , where shareholders would want an extra premium to compensate them for the increased risk taken by investing in the business.

5 0

3 years ago

A perfectly competitive firm facing a price of $10 decides to produce 100 widgets. If its marginal cost of producing the last wi

IrinaK [193]

Answer:

To maximize the profit the firm should produce fewer widgets because, as the number of widget production increases the marginal cost of producing widgets increases.

5 0

3 years ago