Answer:
The total equivalent units for direct materials for October is 4,200
Explanation:
The Concept of Equivalent Units measures the number of units completed in terms of input element introduced in the process.
The Equivalent Units are Calculated on the units ending that is on the Units Completed and Units of Closing Work in Process
Note that materials are added at the beginning of the process
<u>Units Completed</u>
Are 100% complete in terms of Raw Materials
Equivalent units = 3900 × 100 % = 3900
<u>Units of Closing Work in Process</u>
Are 100% complete in terms of Raw Materials
Equivalent units = 30 × 100 % = 300
Total Equivalent Units = 3900+300 = 4,200
Answer:
C) Exports decrease, imports increase
Explanation:
If the US dollar appreciates, the US dollar has now more value per unit of foreign currency than before. For example, suppose that today 1 US dollar buys 0.8 Euro, and tomorrow, Europe is hit by a financial crisis, and the US dollar appreciates, and buys 1.2 Euro. The US dollar has appreciated, has become more expensive, becomes now more euros are needed to buy 1 US dollar.
When the US dollar gains value, domestic goods become more expensive compared to foreign goods, and this promotes imports, and reduces exports.
This is the reason why China keeps a depreciated currency: China is an export economy and the cheap Chinese currency makes exports cheaper, and imports more expensive.
Answer:
The answer is: A) The new machinery can be depreciated using the same method or different method than the previously purchased machinery
Explanation:
Their is no rule that requires a business to always use the same depreciation method for the assets they purchase.
The most common depreciation methods include:
- Straight-line.
- Double declining balance.
- Units of production.
- Sum of years digits.
Depending on the asset a business may consider one depreciation method that better suits it, and another depreciation method for their other assets.
Answer:
129 bracelets and 59 necklaces.
Explanation:
Kings departments store wants to maximize profit by making a combination of its two products necklaces and bracelets. The King store should use a strategy so that it can generate maximum profit with its available rubies, diamonds and emeralds.
$250a + $500b = Maximum Profit
For rubies : 2a + 5b = 625
For Diamonds : 3a + 7b = 800
For Emeralds: 4a + 3b = 700
Solving the equation we get maximum profit value of $61,750.The King departments stores should make 129 bracelets and 59 necklaces which will bring maximum profit to the store.
Answer:
Current liabilities: Accounts payable$130,000
Sales tax payable 8,800
Warranty Payable 4,000
Interest payable 667
Notes payable 50,000
Total current liabilities$193,467
Explanation:
