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kvasek [131]
3 years ago
8

M Company manufactures tables. At the beginning of December, the beginning work in process inventory was 300 units, which were 4

0% complete for conversion. 5,000 units were started in December. At the end of December, the ending work in process is 500 units, which are 50% complete for conversion. Using the FIFO process costing method, what are the December equivalent units for conversion
Business
1 answer:
katrin2010 [14]3 years ago
6 0

Answer: Equivalent units for conversion = 4870 units

Explanation:

Given that,

Beginning work in process inventory = 300 units

Beginning work in process inventory for conversion = 40% of 300 units

                                                                                       = 120 units

5,000 units were started in December.

Ending work in process = 500 units

Ending work in process inventory for conversion = 50% of 500 units

                                                                                  = 250 units

Units started and completed = 5000 - 500

                                                = 4500 units

Equivalent units for conversion = 4870 units

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People will buy at places that are cheap and sell at more expensive prices because:

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Transactions cost simply mean the expenses that are incurred when one buys or sells a particular product.

In this case, the above options are the reasons why people are unlikely to buy Big Macs in the places where they are relatively cheap according to purchasing power parity.

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2 years ago
A health insurance provider has used market ________ to identify groups of businesses that have unique needs when providing insu
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8 0
3 years ago
Deployment Specialists pays a current (annual) dividend of $1 and is expected to grow at 22% for two years and then at 5% therea
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Answer:

The value of the stock = $19.64

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According to the dividend valuation model, <em>the value of a stock is the present value of the expected future cash flows from the stock discounted at the the required rate of return.</em>

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1                 $1 × (1.22)  × 1.11^(-1)  =                     1.10

2                 $1 × (1.22)^2 ×(1.11)^(-2) =                1.21

3                 $1 × ((1.22)^2 × (1.05))/0.11-0.05) = 21.35 ( PV in year 2 terms)

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<em>The value of the stock</em> = $1.10+ $1.21 + 17.3

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<em>Note the growth applied to year 3 dividend gives the PV in year 2 terms. So we need to re-discount again to year 0.</em>

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The value of the stock = $19.64

                                     

8 0
2 years ago
An end-of-aisle price promotion changes the price elasticity of a good from −2 to −3. Suppose the normal price is $34, which equ
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Answer:

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