Answer:
73,000 units
Explanation:
The computation of equivalent units for conversion costs is shown below:-
Equivalent units = Units transferred ÷ Finished goods + (Units in closing Work in progress × Percentage of completion)
= (8,000 + 69,000 - 5,000) + (5,000 × 20%)
= 72,000 + 1,000
= 73,000 units
Therefore for computing the Equivalent units we simply applied the above formula.
That’s like the quarantine lol but just a bit higher
Automated tasks
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Answer:
Yes
Explanation:
Yes, as long as Joe is able to recover the money that he has spent on advertising and still increase his profit, then he should advertise. In this scenario, he wants to spend a fixed $1000 monthly on ads. If these ads generate an increase monthly sales of $3,000 as expected, then this means that Joe's restaurant will increase their total profits by $2,000 after recovering what they spent on the ads. This is what ads are for.
Answer: 6.5%
The yield to maturity is 6.496% (approximated to 6.5% to nearest tenth)
Explanation:
Using the formula (semi annually YTM)
YTM = C + (fv - pv) /t ÷ (fv + pv)/2
C= coupon rate = 7%(1000)= $70
fv = face value = $1,000
pv = price value = $1,032
t = Time to maturity in years = 8years
C + (fv - pv) /t = 70 + (1000–1032)/8
= 70 – (32 /8) =66
(fv + pv) /2 = (1000 + 1032) /2
= 2032 / 2
= 1016
YTM = 66 / 1016
YTM = 0.06496
In % = (6496 / 100,000) × 100
= 6.496%
Approximately.... 6.5%
