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
cestrela7 [59]
3 years ago
12

Haberdashery Company has a beginning Work-in-Process Inventory of 37,000 units (40% complete). During the period, 122,000 units

were started and the ending Work-in-Process Inventory consisted of 32,000 units (80% complete). What are the equivalent units for conversion costs using weighted-average process costing
Business
1 answer:
Nataly [62]3 years ago
5 0

Answer:

152,600 units

Explanation:

Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.

According to this method the equivalent units formula is as follow

Equivalent Units  = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage

Units Completed in the period = 37,000 + 122,000 - 32,000 = 127,000

Equivalent Units  = 127,000 + (32,000 x 80%) = 152,600 units

You might be interested in
How might a business learn about a proposed process improvement through a prototyping activity? What is the fundamental purpose
anyanavicka [17]

The fundamental purpose of a prototype is to help a company better understand its new product designs.

<h3 /><h3>What is prototyping?</h3>

It is the process of producing a sample of a product, which will serve as an initial representation that will later be produced on a large scale, helping to save time, costs and increasing learning about organizational projects.

Therefore, prototyping is a design process that helps an organization to gain more information to develop its business projects.

Find out more about prototyping here:

brainly.com/question/7509258

#SPJ1

6 0
2 years ago
Sol purchased land as an investment on February 12, 2018 for $85,000. On January 31, 2019, Sol sold the land for $90,000 cash. W
photoshop1234 [79]

Answer:

c)Short term capital gain.

Explanation:

Since in the question it is mentioned that the land is purchased by Sol as on Feb 12,2018 for $85,000 and the land was sold by Sol as on Jan 31, 2019 for $90,000 in cash

So as we can see the difference in the purchase date and sale date would be less than one year and the transactions related to the capital assets would be termed as capital gain

Since it is less than one year so it is a short term capital gain

Hence, the correct option is c.

7 0
3 years ago
Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance?a. Your basement floods,
VladimirAG [237]

Answer:

C

Explanation:

The answer is a tree branch breaks your bedroom window during a storm because this is covered by the homeowners insurance and not by the renters insurance

Renter’s insurance does not cover building or Structure on sites

7 0
3 years ago
Vital Silence Corp. has just issued a 30-year callable, convertible bond with a coupon rate of 6.4 percent and annual coupon pay
Aleks04 [339]

Answer:

a. $880.74

b. 13 years

Explanation:

a.  Conversion ratio = Current Value of bond / Conversion price  = 1,000 / 93.4 = 10.71

Conversion price of bond = 10.71 × 28.60  = $306.31

Coupon = Par value of bond * Coupon rate  = $1,000 * 6.4% = $64

Present value of straight debt is calculated below:

Present Value = $64 × [1-(1+7.4%)^-30 / 7.4%] + [$1,000 / (1+7.4%)^30]

= $64*11.93 + $117.46

= $763.28 + $117.46

= $880.74 .

Therefore, the minimum value of bond is $880.74

b. Conversion ratio = 10.71

Current stock price = $28.6

Suppose number of year the stock will take to reach above $1,140 is t.

Conversion value = Current stock price * Conversion ratio*(1+10.8%)^t

$1,140 = $28.6 * 10.71 * (1.108)^t

(1.108)^t = 3.7218

t = 12.8145 year.

t = 13 years

8 0
3 years ago
Which overall message does this political cartoon convey? advertising on buses will raise money for schools. advertising on buse
Gennadij [26K]

The political cartoon referred to was by Jeff Parker, has been an editorial cartoonist for Florida Today since 1992. The overall message being conveyed by the referenced political cartoon is that advertising on school buses could have a negative affect on children.

Certain states in the U.S (e.g. New Jersey, Texas, Massachusetts among others) permit school districts to sell ad space on school buses in order to raise funds for school activities. Some have <span>argued that these ads unfairly target young, impressionable consumers, and as such should be stopped.</span>

7 0
3 years ago
Read 2 more answers
Other questions:
  • During January 2020 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 we
    8·1 answer
  • Here is an example of a positioning statement for Volvo:
    6·1 answer
  • Bobby consumes only chocolate and vanilla ice cream and he is spending all of his income. For the last scoop of chocolate and va
    9·1 answer
  • When new technology for the more efficient production of peanut butter was implemented, the supply curve for peanut butter
    13·2 answers
  • What type of object can ground static
    6·2 answers
  • Alfred, the director of a large company producing construction materials, is linked through a professional network to several ma
    8·1 answer
  • Question 10 (5 points)
    12·2 answers
  • Karen is a senior manager at the american bank. a good part of her workday is spent in meetings with clients, subordinates at th
    7·1 answer
  • Sole Purpose Shoe Company is owned and operated by Sarah Charles. The company manufactures casual shoes, with manufacturing faci
    5·1 answer
  • Define the word buffer in entrepreneurship ( business ) form .
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!