Answer:
Physical Flow units 12000
Equivalent Units Materials 11000
Equivalent units Conversion 15000
Explanation:
The Finishing Department
First-in, First-out (FIFO) Process Costing
Equivalent Units
Particulars Units % of Completion Equivalent Units
Materials Conversion Materials Conversion
Units Received 15000 100 100 15000 15000
+Ending WIP 2000 50 30 1000 600
<u>Less Beg. Inv 5000 100 30 5000 600</u>
<u>Total units 12000 11000 15000</u>
The units started and completed are transferred out units. The Beginning Work in Process is deducted to ensure first in first out. The units moved first in are transferred out first.
The effective annual rate is 8.33%.
we can calculate the effective nominal annual rate by using this formula;
r = e∧i - 1
e is the constant = 2.718
i = compounded annual nominal rate = 8% = 0.08
r = 2.718∧ (0.08) - 1
= 1.0833 - 1
= 0.0833 = 0.0833 x 100 = 8.33%
Answer:
a. Outperform.
b. Gatekeepers.
c. Leveraging.
d. Value creation.
e. Producer.
Explanation:
A platform can be defined as a type of business model that creates value or focuses on assisting participants by facilitating exchanges and interactions between two or more interdependent groups of participants, who are mostly consumers and producers of finished goods and services.
This simply means that, a platform usually creates an effective and efficient market or community network with needed resources, for better interaction and transaction among various participants. Some examples of a platform business are brainly, airbnb, apple, microsoft, uber etc.
The notable characteristics and advantages of a platform business are;
a. Platform businesses tend to frequently outperform pipeline businesses.
b. Platforms scale more efficiently than pipelines by eliminating gatekeepers.
c. Platform businesses leveraging digital technology can grow much faster.
d. Platforms unlock new sources of value creation and supply.
e. Feedback loops from consumers to the producers allow platforms to fine-tune their offerings and to benefit from big data analytics.
Answer:
The correct word for the blank space is: primary.
Explanation:
Primary data collection takes place when data is collected by researchers from direct sources using for that purpose surveys or interviews. Typically, primary data collection gathers the questions formulated on <em>secondary data</em> research since that is the basic step carried out for the data collection process.
