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-BARSIC- [3]
3 years ago
7

The average cost method of process costing differs from the FIFO method of process costing in that the average cost method: Grou

p of answer choices Requires that ending work in process inventory be stated in terms of equivalent units of production. b. Can be used under any cost-flow assumption. c. Does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production. d. Considers the ending work in process inventory only partially complete.
Business
1 answer:
pochemuha3 years ago
7 0

Answer:

c. Does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production.

Explanation:

The average cost method of process costing  differs from the FIFO method of process costing in that it does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production.

The average method Equivalent units of Production include goods transferred out and ending inventory  whereas FIFO method Equivalent units of Production include goods transferred out ,ending inventory and beginning inventories as well.

FIFO accounts only for the current period costs whereas average costs account for average cost on the whole.

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Which of the following is a disadvantage of the corporation form of ownership?
Hoochie [10]

Answer:

Option C, Double taxation on profits and individuals

Explanation:

The disadvantages of the corporation form of ownership are as follows -

a) It takes lot of time and hence is time consuming

b) The taxation gets double

c) Also, the formalities/protocols are very tough

Hence, the option C is correct

5 0
3 years ago
A medical group practice is considering offering a new service with risk that is greater than the current risk of the business.
zlopas [31]
Stick to the regular risk and not the new one
4 0
3 years ago
the​ risk-free rate is 3​% and you believe that the​ S&P 500's excess return will be 10​% over the next year. If you invest
horrorfan [7]

Answer:

The expected excess return will be 11.4%

Explanation:

The S&P 500's excess return is the market return (rM). Using the CAPM model or the SML approach, we can calculate the required/expected rate of return on the stock we are investing in.

The expected rate of return is,

r = rRF + β * (rM - rRF)

Thus, return on the invested stock will be:

r = 0.03 + 1.2 * (0.1 - 0.03)

r = 0.114 or 11.4%

7 0
3 years ago
At the beginning of July, CD City has a balance in inventory of $2,850. The following transactions occur during the month of Jul
erastova [34]

Answer:

Gross profit = $ 3950.

Explanation:

1.

July-3. Dr Merchandise Inventory   1750

                   Cr Accounts payable    1750

  ( To record purchase of inventory on account)

July-4. Dr Merchandise Inventory   120

                                              Cr Cash   120

  ( To record payment of freight charges)

July-9 Dr Accounts payable  400

                 Cr Merchandise Inventory   400

   ( To record return of inventory)

July-11 Dr Accounts payable  1750

                        Cr Cash                  1750

 ( To record payment from wholesale music in full)

July-12.a) Dr Cost of goods sold 2450

                         Cr  Merchandise inventory   2450

          b)  Dr Account receivable  4700

                         Cr   Sales revenue       4700

    (To record sales of goods to a customer)

July-15. Dr Cash  4700

                      Cr  Account receivable  4700

      ( To record receipt from sale of goods)

July-18 Dr Merchandise inventory 2550

                      Cr Accounts payable           2550

       (To record purchase of inventory on account)

July-22.a) Dr  Cost of goods sold  1950

                                 Cr merchandise inventory   1950

                 Dr Account receivable   3650

                                 Cr sales revenue     3650

           (To record sales of goods on account)

July-28 Dr Accounts payable 190

                  Cr Merchandise inventory   190

      (To record purchase return)

   

July-30. Dr Accounts payable  2550

                     Cr Cash                        2550

       (To record paid in full).

2.                                              Income statement

Sales (4700+3650)                                                                         = 8350

Less: Cost of goods sold (2450+1950)                                          =(<u>4400</u>)

                               Gross profit                                                         3950

7 0
3 years ago
When managers are flexible, creative and willing to learn from mistakes, they are addressing which aspect of emerging public iss
defon

Managers are handling complexity when they are adaptable, imaginative, and prepared to learn from mistakes.

Describe complexity.

According to the scientific theory of complexity, certain systems exhibit behavioral traits that are utterly outside the scope of any traditional examination of the system's component pieces. These phenomena, also known as emergent behavior, appear to be present in a variety of complex living organism-based systems, such as the stock market and the human brain. For instance, according to complexity theorists, a stock market crash is an emergent result of the activities of several individual investors on a complex financial system, just as human awareness is an emergent characteristic of a complex network of neurons in the brain.

to know more about complexity

brainly.com/question/4667958

#SPJ4

6 0
2 years ago
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