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3 years ago

Which of the following accounts would be decreased by a credit entry?

1 answer:

6 0

A Bank account (if bad or good), A Welfare Account (If good, you will no longer receive services.) Card Bureau account can change due to unexpected reasons, can go down or go up.

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Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $13,400. Of

Rufina [12.5K]

Answer:

a.$3.35

Explanation:

The first step in determining conversion cost per unit is to calculate the Total Equivalent units of production for Conversion Costs.

Conversion Costs

Units Completed and transferred (15,000 × 100%) = 15,000

Units in Ending Work In Process (3,000 × 75%) = 2,250

Total Equivalent units of production = 17,250

The next step is to determine the total conversion cost of production incurred during the period.

Conversion Costs

Conversion Costs in Beginning Work In Process $4,800

Conversion Costs added during the period ($33,000 + $20,000) $53,000

Total Conversion Costs $57,800

Finally calculate the conversion cost per unit

Conversion cost per unit = Total Conversion Costs / Total Equivalent units of production

= $57,800 / 17,250

= $3.35 (to the nearest cent)

4 0

3 years ago

If a firm's average total cost decreases as the firm increases its output, the firm's marginal cost must be

Arlecino [84]

Answer:

Less than average total Cost

Explanation:

Average total cost can be estimated as

(total fixed cost as well as variable costs )/ ( total units produced). It has a great impact on how a business is going to set up the price of their products. Marginal cost is can be regarded as alteration in total cost as a result of increase in unit of quantity produced. It should be noted that If a firm's average total cost decreases as the firm increases its output, the firm's marginal cost must be Less than the average total cost

8 0

3 years ago

Which of the following is not considered a credit?

Serga [27]

Answer:

which of the following is not considered a credit?

overdraft fee

Explanation:

5 0

3 years ago

Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di

Gnom [1K]

Answer:

<u>December 31, 2018</u>

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.

Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

Dividend = 100,000 x $2.00 x $0.20 = $40,000

6 0

3 years ago

As the operations manager for American Airlines you have decided to invest in 10 new jets for the company's fleet. There are thr

3241004551 [841]

Answer:

0.17

Explanation:

The computation of the expected return on investment is shown below:

= (Expected return of the outcome 1 × Probability of the outcome 1) + (Expected return of the outcome 1 × Probability of the outcome 1) + (Expected return of the outcome 1 × Probability of the outcome 1)

= (0.15× 0.50) + (0.25 × 0.30) + (0.10 × 0.20)

= 0.075 + 0.075 + 0.02

= 0.17

5 0

3 years ago