Answer:
Unit production is $4.9
Explanation:
Unit production per unit of materials=(materials WIP+cost of additional materials)/equivalent units of materials
materials WIP is $5100
cost of additional materials is $53000
equivalent units of materials is 23240
unit production cost per material=($5100+$53000)/23240
=$2.5
Unit production per unit of conversion costs=(Conversion WIP+additional conversion costs)/equivalent units of conversion costs
Conversion WIP is $3400
additional conversion costs $41000
equivalent units of conversion costs 18500
unit production cost per conversion cost =($3400+$41000)/18500
=$2.4
The unit production cost is $2.5+$2.4=$4.9
Answer:
Brazil has comparative advantage in Ethanol.
Both US & Ethanol can gain from trade, if they specialise in their good of comparative advantage & import the other at lower opportunity cost.
Explanation:
Comparative advantage is when an economy can produce a good with lesser opportunity cost than other economy.
Brazil can produce ethanol at lower opportunity cost, as it uses lesser resources to produce Ethanol, compared to US.
So, Brazil has comparative advantage in producing ethanol. Both US & Brazil can gain from specialisation : As, US can get more ethanol at lesser than domestic opportunity cost. And, Brazil can also gain from trade by importing the good in which US has better opportunity cost & comparative advantage, in exchange of exported ethanol. It would imply Brazil would get more of the other good at lesser than domestic opportunity cost.
Answer:
$525,000
Explanation:
Calculation to determine what amount would it have recorded the equipment for on 6/30/2021
First step is to calculate the total interest for 10 months;
Based on the information given since the amount of $15,000 was the interest for 6 months in the year 2021 in which the note lasted for 10 months the total interest will be:
Total Interest = 10months/6months x $15,000 Total Interest=$25,000
Now let calculate 6/30/2021 Equipment
6/30/2021 Equipment=$550,000-$25,000
6/30/2021 Equipment=$525,000
Therefore what amount would it have recorded the equipment for on 6/30/2021 is $525,000
This is an annual report.
An annual report is a report that is given or done yearly for the financial condition or progress of an organization.
