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3 years ago

What is 8. Business entity

Business

2 answers:

Annette [7]3 years ago

4 0

. Your form of business determines which income tax return form you have to file.

Korvikt [17]3 years ago

3 0

Organization that exists independently of the owner’s personal finances

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Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All of the materia

ryzh [129]

Answer:

Determine the equivalent units for May for the first process is 363,000 units

Explanation:

Concept of Equivalent Units determines the number of units completed in terms of percentage in completion of inputs added into that process

In our case the Inputs in the process are Materials and Conversion.

Calculation of Equivalent Units in terms of Materials is as follows:

Units transferred to the next production department = 175,000×100% = 175,000

Ending Work in process inventory = 10000×100% = 10000

Total Equivalent Units in terms of Materials = 185000 (175000+10000)

Calculation of Equivalent Units in terms of Conversion is as follows:

Units transferred to the next production department = 175,000×100% = 175,000

Ending Work in process inventory = 10000×30% = 3000

Total Equivalent Units in terms of Conversion = 178000 (175000+3000)

Therefore Total equivalent units for May for the first process is as follows:

Total Equivalent Units in terms of Materials 185,000

Add Total Equivalent Units in terms of Conversion 178,000

Total equivalent units for May for the first process 363,000

7 0

3 years ago

In many European nations, the title to agricultural property is not known because there are no official records indicating who h

Montano1993 [528]

The cause of this lack of incentive to engage in economic activity is the lack of legalized property rights.

<h3>What are property rights?</h3>

Property rights establish the resources ownership and control. Generally, legalizing property rights recognize the the rights of:

Possession
Control
Exclusion
To derive income
Disposition.

Thus, having official records indicating agricultural property rights will encourage Europeans to engage in economic and agricultural activities.

Learn more about legalizing property rights at brainly.com/question/913138

7 0

2 years ago

Based on the net income of the shop, the sales staff at Francesca's Fashions receive performance bonuses. In periods of declinin

lana [24]

Answer:

B: LIFO

Explanation:

Based on the information provided it can be said that in this situation the costing method that would bring the most benefit would be LIFO costing method. This acronym refers to last-in-first-out and describes a method of assuming that the last items that enter an inventory are always the first ones to be sold during that accounting year. This method would provide the most benefit because it usually results in higher cost of goods sold and a lower overall inventory.

4 0

4 years ago

An author has signed a contract in which the publisher promises to pay her $10,000 plus 20 percent of gross receipts from the sa

andre [41]

Answer:

False. The author will NOT prefer a higher book price than will the publisher.

Explanation:

It is evident from the diagram -please check the attached image to the exercise- that the author wants to set a lower price than the publisher (to sell the higher quantity) .

4 0

3 years ago

Variable expenses are defined as those that vary with changes in volume. Examples include

In-s [12.5K]

Answer:

Electricity

Explanation:

8 0

3 years ago