The amount of the salvage may be calculated using various equations. We are given that the sound tracker is retired about some time and this was initially bought at $41,000. However, we are given that the accumulated depreciation is also equal to $41,000.
Since the initial payment is similar to the accumulated depreciation hence, the salvage value is zero.
Answer:
67,600 tons
Explanation:
Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.
According to this method the equivalent units formula is as follow
Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage
Conversion
Equivalent Units = 55,000 + 18,000 x 70% = 67,600 units
Answer:
Sell 33 contracts
Explanation:
According to the scenario, computation of the given data are as follows:
Price of yellow corn = 95% of red corn
Bushels grows = 156,750
So, yellow corn bushels = 156,750 × (1 ÷ 95%)
= 165,000
So, number of contracts sell = 165,000 ÷ 5,000
= 33 contracts.
Hence, the farmer Brown should sell 33 contracts to hedge his position.
Answer:
b. A market operating below equilibrium will transfer some consumer surplus to producers.
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<h3>What is marketing innovation?</h3>
Marketing innovation is a term used to refers to how the new products can be used to convince the consumer so they can buy it.
It is based on the organization can comes up with better idea to win heart of consumer.
Learn more about marketing at!
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