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yKpoI14uk [10]
3 years ago
6

Which of the following statements is most accurate? Select one: a. In process costing, estimating the degree of completion of un

its is usually more accurate for conversion costs than for direct materials. b. The FIFO method includes the cost of the beginning Work in Process inventory account in calculating cost per equivalent units. c. The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory. d. The FIFO method of calculating equivalent units of production merges the work and the costs of the beginning inventory with the work and the costs done during the current period. e. It is not possible for there to be a significant difference between the cost of completed units between the weighted average and the FIFO methods.
Business
1 answer:
Angelina_Jolie [31]3 years ago
3 0

Answer: The correct answer is "c. The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory.".

Explanation: Process Costing is a special accounting method to identify and accumulate direct costs and prorate indirect costs of the same manufacturing process.

The statement "The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory." is the most accurate.

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You want to buy an Audi A8 7 years from now. You have priced these cars and found that they currently sell for $83,800. You beli
lana [24]

Answer:

We to invest <em> $ 17,213 per year to buy the car in  seven years from now</em>

Explanation:

<u><em>First, we solve for the future value of the car:</em></u>

Principal \: (1+ r)^{time} = Amount

Principal 83,800.00

time 7.00

rate 0.10000

83800 \: (1+ 0.1)^{7} = Amount

Amount 163,302.49

<u><em>Then, for the PTM to achieve tham amount in 7 years:</em></u>

FV \div \frac{(1+r)^{time} -1}{rate} = C\\

FV 163,302

time 7

rate 0.1

163302.49298 \div \frac{(1+0.1)^{7} -1 }{0.1} = C\\

<em>C  $ 17,212.981 </em>

8 0
3 years ago
David is shopping for work supplies; he purchases 3 binders, 5 pens, and 2 reams of paper. The binders cost $3.50 each; the pens
AVprozaik [17]

Answer:

Im not 100% sure but the answer is C

Explanation:

7 0
3 years ago
The 2008 credit crunch occurred when banks reduced lending in response toa the loss of asset value for mortgage-backed securitie
rjkz [21]

Answer:

The correct answer is option a.

Explanation:

In 2007-2009 financial crisis occurred globally which originated in the US. It was triggered in the US because of the collapse of the housing bubble which caused the price of houses to decline.  

The housing bubble was backed by mortgages securities. The percentage of lower quality or subprime mortgages increase around 2004-06.  

This reduction in the asset value for mortgage securities caused the banks to reduce their lending as the debts on consumers and businesses were increasing.  

This caused the credit crunch in the year 2008.  

6 0
3 years ago
Your sister is in law school. She believes that laws that prohibit discrimination for potential LGBTQ employees best reflect wha
Marta_Voda [28]

Answer:

Sociological School of jurisprudence.

Explanation:

The Sociological School of Jurisprudence believes that both laws and societies are closely related to each other. It states that laws are social phenomenons, therefore they evolve as societies evolve. Laws have a major impact on how societies function, but the laws themselves originate from societies' needs.

For example, less than 100 years ago homosexuality was illegal in most of the world and homosexuals would be punished with jail time or even killed in some countries. Now western societies (North and South America, most of Europe and Australia + NZ) have changed and accept homosexuality as something normal. But there still exist societies where homosexuals are criminals and are still sent to jail or killed.

4 0
3 years ago
A. Jose's opportunity cost of producing and consuming one more orange is 2 melons. b. Alex's opportunity cost of producing and c
N76 [4]

Answer:

Since the question is incomplete, we could infer that you like to know how to calculate opportunity cost.

Explanation:

Opportunity cost is the value of the next best alternative or option.

Opportunity Cost= FO−CO

where:

FO=Return on best foregone option

CO=Return on chosen option

Let's take for example, Jose expected return on investment in producing one orange is 20 percent over the next year, and also expects the return of investment for melon to be 18 percent over the same period.

His opportunity cost of choosing the melon over the orange using the formula FO−CO = (20% - 18%), which equals two percentage points.

8 0
3 years ago
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