Answer:
d. Owners' Equity is $30
Explanation:
The owners equity is the amount of money that is own by the owner of the business or the business itself minus all of the debts that the business has, in this example, Lily just sold $100 in products, generating a profit of $30, because she bought that for $70, but she owns $70 of those $100 to the local bank, so eventhough she has $100, only $30 are actually owned by the business so Owner´s Equity equals $30.
Answer:
The cost per equivalent unit for materials is $25.76.
Explanation:
As the complete question is not given here, the question is as attached with the solution.
From the data
At the beginning, there are no units.
At the end 1,000 Completed while the total started units are 1400
Remaining units are 1400-1000=400
Now for these 400 units,
As 60% are complete regarding materials thus that is calculated as
400*60%= 400 × .6 = 240
Equivalent units for materials: 1,000 units completed + 60% of 400 (ending) = 1,240 units
$31,944 / 1,240 equivalent units per materials = $25.76
In the partnership, Olivia does not participate in, know about, or ratify, she would be liable for all of the obligations jointly and severally.
<h3>What is partnership?</h3>
It should be noted that partnership simply means a business agreement between two or more people to achieve a common goal.
In this case, in the partnership, Olivia does not participate in, know about, or ratify, she would be liable for all of the obligations jointly and severally.
Learn more about partnership on:
brainly.com/question/25012970
<u>Answer:</u> Option C
<u>Explanation:</u>
International expansion is a strategy where the organizations enter into global markets for the benefit of making quick profits and business development in new segments. Omega Inc can fix higher prices when their products provide a greater value to the customers in that foreign market.
In the other given situations the company cannot fix a higher price for the fitness products in foreign market. Other situations given are easily available products, low expected sales volume and low price of the competitors.
