<span>when the sets are completely finished, the cost should be transferred to: </span>W<span>IP inventory-Finishing
WIP stands for work in progress, which is an account to placed all the amount of manufactured product that still not ready to be sold to the market.
Since the manufacter process is in finishing stage (coloring/packing), the appropriate account should be </span>WIP inventory-Finishing
Answer and Explanation:
The computation is shown below:
TC = 25 + q^2
Now
Marginal cost is
= dtc ÷ dQ
= 2q
Average variable cost (AVC) = q
We Assuming perfect competition so there is a free entry so no profits
Therefore
ATC = P
ATC = TC ÷ q
= q + 25 ÷ q
Now
MC = MR = P = ATC
2q = q + 25 ÷ q
q = 25 ÷ q
q^2 = 25
So, Quantity per firm = q = 5
Now
P = MC = MR = ATC
= q + 25 ÷ q
= 5 + 25 ÷ 5
= 5 + 5
= 10
hence, equilibrium price is 10
Now
Q = 35 - P
= 35 – 10
= 25
Hence, Market quantity (Q) = 25
And, the number of firms i.e n
N = Q ÷ q
= 25 ÷ 5
= 5
<span>In calculating the bank discount when discounting an interest bearing note, the one that is not used in calculation is: D. Discount period
Here is the equation that used in interest bearing note:
The Principle proceeds + bank discount = Maturity Value
Discount period only determines the amount of time vendor willing to pay for a product in cash.</span>
+ is you know what you are looking for in life, what are your goals and what you need to do to achieve them.
- is getting bored soon (changing your mind), and not enjoying your childhood.
I hope i helped :)
Answer:
$12,800
Explanation:
This can be calculated as follows:
November sales in unit = 64,000
Since Wisdom Toys requires that 20% of the next month’s sales in units are on hand at the end of each month, we have:
Number of video games in inventory at October 31 = November sales in unit * 20% = 64,000 * 20% = 12,800
Therefore, 12,800 video games in inventory at October 31.
