Answer: $36,000
Explanation:
First calculate the Equivalent Units of Production;
= 21,000 + (3,000 * 40%)
= 21,000 + 1,200
= 22,200 units
Then find the cost of each units.
= Total production cost/ Equivalent units of production
= 666,000/22,200
= $30 per unit
Then the cost of ending Goods in Process Inventory is:
= Equivalent ending process inventory units * cost per unit
= 1,200 * 30
= $36,000
Answer:
The appropriate solution is:
(a) $3150
(b) $4200
Explanation:
According to the question,
(a)
The exchange loss will be:
= 
= 
= 
($)
(b)
The exchange loss will be:
= 
= 
= 
($)
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Answer:
$11,230
Explanation:
The city of Springvale imposed a net income tax on all businesses
Each business will make a payment of 1% for any amount up to $100,000 and 1.5% for any amount above $100,000
The net income generated by Springvale Bar and Grill is
= $782,000- $100,000
= $682,000
Therefore, it's city income tax is calculated as follows
(1/100+100,000) + ( 1.5/100+682,000)
( 0.01+100,000) + ( 0.015+682,000)
= 1000 + 10,230
= $11,230
Hence, Springvale Bar and Grill will pay a net income tax of $11,230
There is no redemption period if the lender is not pursuing a deficiency judgment.
A judicial foreclosure permits the lender to get a deficiency judgment against the borrower. However, the homeowner has the “proper of redemption,” which lets him or her shop for the home returned from the hit bidder on the auction for 12 months after the sale.
In a judicial foreclosures state, the lender has to report a lawsuit in a courtroom in an effort to foreclose. In a nonjudicial foreclosure nation, the lender can foreclose without going through the court docket system. either way, the very last step within the foreclosure process is a foreclosure sale.
Redemption is a period after your home has already been sold at a foreclosure sale when you may nonetheless reclaim your private home. You may want to pay the high-quality mortgage stability and all fees incurred during the foreclosures system.
Learn more about foreclosures here brainly.com/question/15182362
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