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beks73 [17]
4 years ago
7

LO 5.3There were 1,000 units in ending inventory after transferring 16,000 units to finished goods inventory. If the beginning i

nventory was 2,000 units, how many units were started in process?
1,000
2,000
15,000
17,000
Business
1 answer:
Mamont248 [21]4 years ago
3 0

Answer:

Units started in process  = 15,000  units

so correct option is C. 15,000

Explanation:

given data

beginning inventory = 2,000 units

ending inventory = 1000 units

transferring = 16,000 units

to find out

how many unit  started in process

solution

we get here number of units that is express as

Units started in process = ending inventory + transferring  - beginning inventory   ........................1

put here value we get

Units started in process  = 16000 + 1000 - 2000

Units started in process  = 15,000  units

so correct option is C. 15,000

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Craig has a lot of reasons for wanting to start his own business. What is the main reason why he believes he’s ready to turn his
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Explanation:

3 0
3 years ago
Gomez runs a small pottery firm. He hires one helper at $11,500 per year, pays annual rent of $7,000 for his shop, and spends $2
madreJ [45]

Answer:

in this problem, we need to calculate Gomez's accounting and economic profit. To do this, let us first classify and list the explicit and implicit costs. Revenue: Sales: $85,000 Explicit costs: Cost of one helper: $18,000 Rent: $8,000 Materials: $24,000 These are the costs that require an outlay of cash. Implicit costs: Opportunity cost of funds invested in equipment: $7,000 Gomez could have invested the funds in another asset that could earn him $7,000 Opportunity cost of working as a potter in his own shop: $20,000 Gomez could have worked as a potter for a competitor that could earn him $20,000. This is the worth of Gomez's skill as a potter. Entrepreneurial talent: $4,000 This is the worth of Gomez's talent in running the business. These costs do not require an outlay of cash. These are the implicit costs. Now, we are ready to calculate both the accounting and economic profit of Gomez. a. Calculate the accounting profit for Gomez's pottery firm. $_ Accounting profit = Total Revenue − Total Explicit Costs Accounting profit = $ 85 , 000 − ( $ 18 , 000 + $ 8 , 000 + $ 24 , 000 ) Accounting profit = $ 85 , 000 − $ 50 , 000 Accounting profit = $ 35 , 000 The accounting profit is equal to $35,000. b. Now calculate Gomez's economic profit. $_ Economic profit = Total Revenue − Total Explicit and Implicit Costs Economic profit = $ 85 , 000 − ( $ 18 , 000 + $ 8 , 000 + $ 24 , 000 + $ 7 , 000 + $ 20 , 000 + $ 4 , 000 ) Economic profit = $ 85 , 000 − $ 81 , 000 Economic profit = $ 4 , 000 The economic profit is equal to $4,000.

8 0
3 years ago
Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a p
PSYCHO15rus [73]

Answer:

6.32%

Explanation:

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Therefore, the coupon rate on the bonds must be 6.32%.

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