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3 years ago

The overwhelming majority of existing businesses are

Business

2 answers:

JulijaS [17]3 years ago

8 0

The answer is C. sole proprietorships.

Elza [17]3 years ago

8 0

The overwhelming majority of existing businesses are sole proprietorships.

Answer is sole proprietorships.- C.

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Department G had 2,040 units 25% completed at the beginning of the period, 12,200 units were completed during the period, 1,700

Margarita [4]

Answer:

18261

Explanation:

The first key-point will be that materials are applied entirely at the begining of the production so this part of the cost is quite easy:

You have an ending inventory of 1,700 units and then you have a given data of $9 per unit for direct materials so mulitply those to get:

ending inventory $15,300 materials cost

Next part will be to calculate the conversion cost.

First step, will be to calculate the conversion cost for the period,

which is direct labor + factory overhead:

78,600 + 26,200 = 104,800

Remember conversion cost = labor + overhead

Second, calculate the equivalent units:

Here we have the data for completed units so we work it like this

Complete units 12200

(this are finished o they count entirely)

+ ending units x percent of completion 1700 x 20% = 340

(this are units we work during this period)

- beginning units x percent of completion (2040) x 5% = (510)

(this are units we don't work on this period,

they are from the previous month,

so we subtract them)

----------------------------------------------------------------

Equivalent units for conversion cost 12030

Third, we are almost there, we will divide this two to get the value of 1 unit of conversion cost

104,800 conversion cost / 12,030 equivalent units = 8.7115 CC per unit

Fourth, calculate the conversion cost for the ending inventory

conversion cost per unit x equivalent units of ending inventory

8.7115 x 340 = 2961

Last Step, we add the materials cost with the conversion cost

15,300 + 2,961 = 18261 VALUE OF ENDING INVENTORY

3 0

3 years ago

A cash equivalent is a short-term, highly liquid investment that is readily convertible into known amounts of cash and Group of

rewona [7]

Answer:

so near its maturity that it presents insignificant risk of changes in interest rates.

Explanation:

As we know that the cash equivalent i.e .short term and also classified as the highly liquid investment that is always ready to convert into the cash amount i.e. near to its maturity also at the same time it represent the non-significant changes risk with respective to the rate of interest

Therefore the last option is correct

8 0

3 years ago

If the number of potential workers in an economy increases while the size of the labor force remains unchanged, ________. A. th

galben [10]

Answer:

<h2>The answer here would be option C. from the answer list or options given in the question which is the labor force participation rate will fall.</h2>

Explanation:

Labor force participation rate basically reflects the total or overall number of people who are actively participating the labor or work force in the economy and are actually qualified and eligible to be officially part of the work or labor force.
Hence,even if the number of eligible and qualified people or workers in the economy potentially increases and the overall size of the work or labor force remains constant,it essentially implies that much of the eligible and qualified laborers or workers is either unemployed or has not been properly mobilized or utilized in the labor or work force in the economy.It can also indicate that majority of the people who are presently participating in the labor force are not eligible or fully qualified as per their occupational or professional designation.
Therefore,in this instance the labor force participation rate will decline as the overall proportion of employment of the eligible and qualified laborers or workers does not really increase in the economy.Therefore,even if the number of potential workers or the labor resource increase in the economy,it has not been properly or completely utilized or employed in the overall labor force.

6 0

3 years ago

Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,800 account of a customer

laila [671]

Explanation:

The Journal entry is shown below:-

On Jan 31

Allowance for doubtful accounts $2,800

To Accounts receivable - C. Green $2,800

(Being the uncollectible amount is recorded)

Mar 09

Accounts receivable - C. Green $2,300

To Allowance for doubtful accounts $2,300

(Being the written off amount is recorded

Mar 09

Cash $2,300

To Accounts receivable - C. Green $2,300

(Being the payment is received is recorded)

7 0

3 years ago

Read 2 more answers

Shirley’s and Son have a debt-equity ratio of .60 and a tax rate of 35 percent. The firm does not issue preferred stock. The cos

ikadub [295]

Answer:

d. 8.2%

Explanation:

The computation of the WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of common stock) × (cost of common stock)

where,

Weighted of debt = Debt ÷ total firm

= (0.60 ÷ 1.60)

= 0.375

And, the weighted of common stock = (Common stock ÷ total firm)

= 1 ÷ 1.60

= 0.625

The total firm is

= 0.60 + 1

= 1.60

Now put these values to the above formula

So, the value would equal to

= (0.375 × 8%) × ( 1 - 35%) + (0.625 × 10%)

= 1.95% + 6.25%

= 8.20%

8 0

3 years ago