Answer:
7,727 units
Explanation:
According to the scenario, computation of the given data are as follows:
Department S beginning = 500 units
Completed % in process = 70%
Total completed during period = 7,600 units
End of period = 900 units 53 % completed
So, we can calculate the units of production using FIFO method.
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Its actually <em><u>A) Office Managers and Human Resource workers</u></em>
Answer: $13,580
Explanation:
The ending balance of the Work in Process:
= beginning Work in Process inventory + direct materials + direct labor + factory overhead - transferred out of the department
= $11,300 + $77,300 + $25,300 + $15,180 - $115,500
= $13,580
Therefore, the ending balance of the Work in Process Inventory account for the Fabricating Department is $13,580.
Answer:
4%
Explanation:
the growth rate (g) = retention rate (the amount of net income that the company keeps in order to grow, and therefore, does not distribute to stockholders) x ROI (return on investments)
- retention rate = ($3 - $2.25) / $3 = 0.25
- ROI = 16%
g = 0.25 x 16% = 4%
To display his present use of capital statements, the farmer will create simple financial accounts.
<h3>What exactly are financial statements?</h3>
Financial statements are official records of a person, business, or other entity's financial situation and actions. The presentation of pertinent financial data is organized and presented in an understandable style.
- The balance sheet,
- income statement, and
- cash flow statements
all provide distinct facts with associated data. The three statements are taken as a whole to offer a complete picture of the company's operational activity.
Thus,
Framer will make basic financial statements to showcase his assets and capital
Learn more about the financial statements:
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