Answer:
True
Explanation:
Equivalent units of production need to be calculated for Materials and Conversion costs separately as the work done (Percentage Completion) towards the outputs may be different in these input elements. This is applicable to Both the <em>weighted-average method</em> and the <em>first-in first-out method</em>.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
68.57%
Explanation:
Recall that rate of return is the net gain or net loss that an investment yield over a given period of time expressed as a percentage of the initial investment cost.
Given that
Initial investment cost = 5250
Total returns or revenue = cash flow (year 1 + year 2 + year 3 + year 4)
= 750 + 1000 + 850 + 6250
= 8850.
Therefore,
rate of returns = (current value - initial value) ÷ initial value
= 8850 - 5250 ÷ 5250
= 3600 ÷ 5250
= 0.6857
= 68.57%
Answer:
(C) the forces of supply and demand
Explanation:
In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.
Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.
