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alukav5142 [94]
3 years ago
7

he following production data were taken from the records of the Finishing Department for July: Inventory in process, July 1, 30%

completed 5,000 units Transferred to finished goods during July 40,500 units Ending work in process during July, 40% completed 4,000 units Determine the total equivalent units for conversion costs, assuming that the first-in, first-out method is used to cost inventories. Assume that all direct materials are placed in process at the beginning of production.
Business
1 answer:
natita [175]3 years ago
5 0

Answer:

The total equivalent units for conversion costs is 40,600.

Explanation:

Under the first-in, first-out method, units that were incomplete for last year are the first to be completed, followed by units started during the year.

<u>Calculation of the total equivalent units for conversion costs :</u>

To Finish Opening Work In Process (5,000 × 70%) =   3,500

Started and Completed ((40,500 - 5,000) × 100 %) = 35,500

Closing Work In Process ( 4,000 × 40%)                  =    1,600

Total equivalent units for conversion costs             = 40,600

Conclusion :

The total equivalent units for conversion costs is 40,600.

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American Bank quotes a bid rate of $0.026 and an ask rate of $0.028 for the Indian rupee (INR); National Bank quotes a bid rate
Vinvika [58]

Answer:

c. buying rupees from National Bank at the ask rate and selling them to American Bank at the bid rate.

Explanation:

  • Locational arbitrage is a strategy in which one seeks profits from the difference in exchange rates for the same currency at different banks.
  • In our case for locational arbitrage one will have to buy Indian rupee from National bank at the ask rate and then sell them to American bank at the bid rate to make profit.
3 0
3 years ago
The following table shows a portion of a three-year amortization schedule. A 3-year amortization schedule. The loan amount or pr
larisa [96]

The correct statement is that at the end of two years a total interest of 1246.10 has been paid  on a principal of $11940, where the interest rate is 7.45 percent. So, the correct option is B.

The calculation on monthly payment of interest can be done by ascertainment of the interest paid for two years and division of such amount by total number of months.

<h3>Calculation of Monthly Payment</h3>

We know that the interest to be paid for the first year will be close to $902 and that for the second year will be calculated as follows,

\rm Interest for\ Second\ Year= Monthly\ Payment\ x\ 12\\\\\rm Interest for\ Second\ Year= 28.69\ x\ 12\\\\\rm Interest for\ Second\ Year= \$344.28

So, the total interest paid at the end of the second year will be,

\rm Total\ Interest\ for\ Two\ Years= Interest\ for\ One\ Year+ Interest\ for\ Second\ Year\\\\\rm Total\ Interest\ for\ Two\ Years= 902+344.10\\\\\rm Total\ Interest\ for\ Two\ Years= \$1246.10

So, the total interest paid fully at the end of two years will be $1246.10

Hence, the correct option is B that the  total interest of 1246.10 has been paid  on a principal of $11940 at the end of two years upon monthly payments of such years.

Learn more about monthly payment here:

brainly.com/question/22891559

5 0
2 years ago
Ashton Woods has begun building new townhome communities in order to appeal to smaller families who would like a beautiful upsca
I am Lyosha [343]

Answer:

d) All of the above

Explanation:

Here are the options to this question :

a) Geographic

b) Demographic

c) Psychographic

d) All of the above

e) None of the above

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When Ashton Woods determines that homeowners are seeking locations convenient to good, local schools, he is segmenting by geography.

Demographic segmentation is the segmentation of people based on demographics such as age, income, gender, ethnicity.

When Ashton Woods profiles households based on the income they earn, he is doing demographic segmentation

Psychographic  segmentation is the segmentation of a group of people into groups based on certain psychological characteristics

When Ashton Woods determines that homeowners would want like a beautiful upscale home, without the cost of maintaining a large yard. He is segmenting based on  Psychography

4 0
3 years ago
On January 1, 2019, Oriole Company purchased the following two machines for use in its production process.
Zarrin [17]

Answer and Explanation:

The journal entries are shown below:

1  Equipment   $53,420

     To Cash  $53,420

(Being the equipment is purchased for cash is recorded)

The computation is given below:

= Cash price of machine + sales tax + shipping cost + insurance during shipping + installation and testing cost

= $49,500 + $3,650 + $100 + $60 + $110

=  $53,420

2. Depreciation expense $9,614

      To Accumulated Depreciation - Equipment  $9,614

(Being the depreciation expense is recorded)

The computation is shown below:

= ($53,420 - $5,350) ÷ ( 5 years)

= $9,614

5 0
3 years ago
Today, you borrowed $3,200 on a credit card that charges an interest rate of 12.9 percent, compounded monthly. How long will it
miskamm [114]

Answer:

<em>It will take me </em>= <em>30.99 years</em> to pay-off the borrowed amount paying $60.00 every month

Explanation:

SOLUTION:

Using the Formula: A = P(1+r/n){nt}

Where:

A= $60.00;

P = $3,200.00;

r = 12.9%;

n = 12

t =?

Substituting the values into the Formula =

$60 = $3,200(1 + 12.9%/12){12t}

= $60 = $3,200(1 + 12.9%/12){12t}

= $60.00 = $3,200.00 (1 + 0.129/12){12t}

= $60.00 = $3,200.00 (1 + 0.01075 ){12t}

= $60.00 = $3,200.00 (1.01075 ){12t}

= $60.00/$3,200.00 = $3,200.00 (1.01075 ){12t}/$3200.00

= 0.01875 = (1.01075)12t

= Using the law of logarithm

= logA^{N} = Nlog A

=12tlog(1.01075) = log0.01875

= 12log(1.01075)/(1.01075) = log0.01875/log(1.01075)

=  12t = log(0.01875)/log1.01075

= 12t = 1.7270/0.04644

Divide 12 by both sides

=12t/12 = 371.88774/12

t= 30.9898

<em>∴ 30.99 years</em>

<em>It will take me </em>= 30.99 years to pay-off the borrowed amount paying $60.00 every month

3 0
3 years ago
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