Answer:
Option (B) is correct.
Explanation:
100% complete for conversion cost the units that are complete.
Units that produced during the period:
= Units sold + Units of finished Ending - Beginning units of Finished
= 300,000 + 60,000 - 75,000
= 285,000 units
And work in process at ending is 24,000 units but for conversion costs is 75% only.
For conversion Equivalent units:
= 75% of Ending Work in process + Units that produced during the period
= 75% × 24,000 + 285,000
= 18,000+285,000
= 303,000 units
Answer:
Determination of the following:
1a. Accounts receivable turnover _____ 30.4 x
b. Number of days' sales in receivables _____ 12 days
2a. Inventory turnover _____ 52.1x
b. Number of days' sales in inventory _____ 7 days
Explanation:
a) Data and Calculations:
Company A:
Net sales = $1,200,000
Average accounts receivable (net) = $100,000
Accounts receivable turnover = Net sales/Average accounts receivable
= $100,000/$1,200,000 * 365
= 30.4x
Number of days' sales in receivables = Number of days in the period/Accounts receivable turnover
= 365/30.4 = 12 days
Inventory Turnover = Average inventory /Cost of goods sold * 365
= $90,000/$630,000 * 365
= 52.1x
Number of days' sales in inventory = Number of days in the period/Inventory Turnover
= 365/52.1
= 7 days
Answer:
If the interest rate is 12% and the cash flow in year 1 is 500 and 800 in year 3 we will discount these 2 payments buy 12% and if the present value of these 2 payments is more than 900 than the investment is worthy
500/1.12=446.42+
800/1.12^3= 569.42
==1015.85
The present values of the cash flow (1015.85) are more than the initial investment (900) therefore the publisher should invest.
If the interest rate is 25% and the cash flows are 500 in year 1 and 800 in year 2 we need to discount these by 25% and see if the present value of the cash flows are more or less than 900 which is the initial investment.
500/1.25=400+
800/1.25^=512
=912
912 is the present value of cash flows which is more than the initial investment of 900 therefore the investment would have taken place.
Explanation:
Answer:
D) An adjusted trial balance is prepared before all transactions have been journalized
Explanation:
A Trial balance is a list or schedule that shows the list of balances extracted from the ledger in other to test the arithmetic accuracy of the account.
When a trial balance is not equal after its preparation, there would be a need to prepare an adjusted Trial balance.
Before preparing a trial balance, all transactions must have been journalized and posted to the ledger. Both cash transactions and credit transaction have their final destination in the ledger account and must be have been well prepared before a trial balance is prepared or adjusted as the case may be.
Hence D) An adjusted trial balance is prepared before all transactions have been journalized is the best answer