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Makovka662 [10]
3 years ago
13

Bake Co.'s trial balance included the following at December 31, Year 1:

Business
1 answer:
Dafna1 [17]3 years ago
5 1

Answer:

B. $390,000

Explanation:

On December 31, 20X6, Bake's current liabilities equal $390,000. Accounts payable are current; the bonds payable, due in 20X7, will mature in the next 12 months are current (minus the discount on the bonds payable); and the deferred tax liability will reverse in the next 12 months and is also current. ($80,000 + $300,000 - 15,000 + $25,000 = $390,000).

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Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme
e-lub [12.9K]

Answer:

Inacio Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to:

= $14.50

Explanation:

a) Data and Calculations:

                                                        Units    Materials    Conversion

Beginning work in process           2,300     $14,400      $6,500

Percentage of completion                              75%           20%

Units started during the month   11,000

Total units available                     13,300

Units transferred to the next       9,900      100%         100%

Ending work in process               3,400        90%          30%

Costs added during the month               $173,500    $243,500

Equivalent units of production:

                                                          Units    Materials        Conversion

Units transferred to the next       9,900      9,900 (100%)   9,900 (100%)

Ending work in process               3,400       3,060 (90%)     1,020 (30%)

Equivalent units of production                   12,960             10,920

Costs of production:                   Materials  Conversion

Beginning work in process           $14,400      $6,500

Costs added during the month    173,500    243,500

Total costs of production           $187,900  $250,000

Cost per equivalent unit:             Materials  Conversion

Total costs of production            $187,900  $250,000

Equivalent units of production       12,960        10,920

Cost per equivalent unit               $14.50       $22.89

7 0
3 years ago
Which occupation in the Education and Training cluster will have higher than average job growth?
jeka57 [31]
The principal duhhh dumb add jhit
4 0
2 years ago
Pls help!!! will give brainly!!!!
vovangra [49]
A company that makes and sells railway cars looking for a representative and I know this because it is the best fit for his skills
3 0
3 years ago
Read 2 more answers
Category Billions of Dollars Consumption 200 Depreciation 20 Retained earnings 12 Gross investment 30 Imports 50 Exports 40 Net
vagabundo [1.1K]

Answer:

GDP =  280 billion

Net investment = 10 billion

National income = 270 billion

Explanation:

given data

Consumption = 200

Depreciation = 20

Retained earnings = 12

Gross investment = 30

Imports = 50

Exports = 40

Net foreign factor income = 10

Government purchases = 60

solution

we get here GDP that is express as

GDP = Consumption + Gross investment + Government purchases + Net exports     ...................1

Net exports  = ( Exports - Imports)

so put here value

GDP = 200 + 30 + 60 + 40 - 50

GDP =  280 billion

and

Net investment will be as

Net investment = Gross investment - Depreciation    ...............2

Net investment = 30 -20

Net investment = 10 billion

and

National income = GDP - Depreciation + Net foreign factor income    ............3

National income = 280 - 20 + 10  

National income = 270 billion

7 0
3 years ago
Thermopolis, Inc. reported retained earnings of $490,953 on December 31, 2017. During the year, Thermopolis recorded net income
Rzqust [24]

Answer:

the Opening retained earning balance is $413,640

Explanation:

The computation of the retained earnings have been on December 31, 2016 is shown below:

As we know that

Ending retained earning balance = Opening retained earning balance + net income - dividend paid

$490,953 = Opening retained earning balance + $135,075 - $57,762

$490,953 = Opening retained earning balance + $77,313

So, the Opening retained earning balance is $413,640

4 0
3 years ago
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