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Fofino [41]
3 years ago
10

The following information is available: Units in process, Dec. 1 (60 percent converted) 2,000 units Units in process, Dec. 31 (5

0 percent converted) 1,000 units Units started during the month 7,500 units Materials are added at the beginning of the process. How many equivalent units in process for conversion were there in December
Business
1 answer:
Veseljchak [2.6K]3 years ago
5 0

Answer:

Explanation:

<u>UNITS TO ACCOUNT FOR</u>:    

Beginning Work in Process units                                      2,000

Add: Units Started in Process                                      7,500

Total Units to account for:                                              9,500

<u>Equivalent Units</u>:    

                                                                UNITS                   Conversion cost

                                                                            % Completion      Units

Units completed                           8500 100%             8,500

Ending Work in Process                   1000 30%                        300

Total Equivalent units                           9500                      <u>8,800 </u>

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Answer:

SUPPLY

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Explanation:

Supply is the buyer's ability & willingness to sell at a given price, period of time.

Law of Supply states : Positive relationship between price & quantity demanded, other factors remaining constant. It implies higher price increases supply, lower price decreases supply (other factors same)

3 0
3 years ago
From the following ledger balances, prepare a trial balance for the Whispering Winds Corp. at June 30, 2022. All account balance
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Answer:

Realidades 2 WKBK page 109

Explanation:

Realidades 2 WKBK page 109

5 0
2 years ago
Peter Company acquired 75 percent of Sally Company on January 1, 2019 for $712,500. During 2019, Sally purchased inventory for $
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Answer:

Journal entry to eliminate Sale to Peter Company

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Credit : Cost of Sales (Peter Company) $50,000

Explanation:

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8 0
3 years ago
he Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket, and has an average of 433 riders a day. The
DedPeter [7]

Answer:

2.77

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Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

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Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

percentage change in price = 1.21 / 0.99 - 1 = 0.222 = 22%

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3 0
3 years ago
You have 40 years left until retirement and want to retire with $5 million. Your salary is paid annually, and you will receive $
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Answer:

16.67%

Explanation:

Calculation to determine what percentage of your salary must you save each year

First step is to calculate the Annual savings

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Proportion of savings=0.1667*100

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Therefore the percentage of your salary that you must save each year is 16.67%

5 0
3 years ago
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