1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrew [12]
4 years ago
11

Winkle Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing processing center consi

sted of 5,000 unites, 90% complete with respect to conversion costs. Ending work in process inventory consisted of 2,000 units, 60% complete with respect to conversion costs. If 10,000 units were transferred to the next processing center during the period, how many would the equivalent units for conversion costs be?
a. 10,000 units
b. 12,200 units
c. 12,000 units
d. 6,700 units
Business
1 answer:
Mice21 [21]4 years ago
6 0

Answer:

d. 6,700 units

Explanation:

The computation of the equivalent units for conversion cost by using the FIFO method is shown below:

= Beginning inventory units × remaining percentage + units started and completed + ending inventory units × completion percentage

= 5,000 × 10% + (10,000 - 5,000) + 2,000 × 60%

= 500 + 5,000 + 1,200

= 6,700 units

We simply applied the above formula

You might be interested in
Galloway, Inc. has an odd dividend policy. The company just paid a dividend of $6 per share and has announced that it will incre
anzhelika [568]

Answer:

the present value of the stock is 26.57

This will be the amount willing to pay per share today.

Explanation:

We have to calculate the present value of the future dividend

\left[\begin{array}{ccc}Year&Cashflow&Present \: Value\\0&6&\\1&7&6.3636\\2&8&6.6116\\3&9&6.7618\\4&10&6.8301\\total&9.7&26.5671\\\end{array}\right]

\frac{Dividend}{(1 + rate)^{time} } = PV

We will put each dividend and their year into the formula and solve for PV

First Year

\frac{7}{(1 + 0.1)^{1} } = PV

Second Year

\frac{8}{(1 + 0.1)^{2} } = PV

Third Year

\frac{9}{(1 + 0.1)^{3} } = PV

Fourth Year

\frac{10}{(1 + 0.1)^{4} } = PV

The value of the stock is the sum of the present value of their dividend

The sum for this firm is 26.5671 = 26.57

6 0
3 years ago
Employees who are paid to complete a task, such as build a house, are paid on a(n) _____ basis
Ghella [55]

I'm pretty sure it hourly

3 0
3 years ago
Liam is writing a request for a letter of recommendation. He is listing all the information the recipient would need to write th
GaryK [48]

Answer:

<em>The body</em>

Explanation:

The body is <em>the longest part of a document or letter</em> and is generally split into three  sub-categories: introduction, key material and description.  

The introductory section specifies the letter's purpose.  

The key material contains all the specific information needed and does not have any  fixed duration specifications.

The last section sums up the information given,  reaffirms the purpose of the document.

6 0
3 years ago
As a top manager, Joanna works with others within her team every day in making important corporate decisions. Her preferred deci
kati45 [8]

Answer:

Brainstorming

Explanation:

The brainstorming talks about the provision of number of alternative solutions that will be useful for the decision making process and helps in choosing the best option as the number of alternatives will be assessed on a set criteria. So the strategy here is talking about the consideration of number of alternatives for the decision making which is the job of Joanna. Hence Joanna is using the Brainstorming approach for better decision making.

4 0
3 years ago
Fredrick received a $1,400 loan from the bank for a new appliance. the bank is using the simple interest formula for this two-ye
7nadin3 [17]
His total interest should be $1,520
6 0
3 years ago
Other questions:
  • You’ve collected the following information from your favorite financial website.
    15·1 answer
  • When a company implements its monthly S&amp;OP process, the process should begin with: a. Developing and specifying the constrai
    7·1 answer
  • Barry, a solvent individual but a recovering alcoholic, embezzled $6,000 from his employer. In the same year that he embezzled t
    14·1 answer
  • Economy
    12·1 answer
  • If you have employees you’ll have to pay the ____ tax which is used to pay compensation to workers who lose their jobs
    12·2 answers
  • DeMilo, Inc., owns 100 percent of the 40,000 outstanding shares of Ricardo, Inc. DeMilo currently carries the Investment in Rica
    15·1 answer
  • The price index was 150 in the first year, 142.5 in the second year, and 138.2 in the third year. The economy experienced:______
    11·1 answer
  • If the cost of an item is $72 and it has a retail price of $89, what is the gross margin?
    9·1 answer
  • A company purchased $2,000 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $220 worth of merchandise. On
    9·1 answer
  • Since taxes are not a direct component of aggregate demand changes in taxes do not have multiplier effects on income.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!