By using the tables as experimental data, we derived that situation involving the service establishment has a probability 5.66% points higher than the situation involving the retail establishment.
<h3>What is a
service establishment?</h3>
This refers to any form of organization whose function involve personal contact with people who do not work in the office.
Based on the data, the computation gives that the situation involving the service establishment has a probability 5.66% points higher than the situation involving the retail establishment.
Therefore, the Option C is correct.
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C. at the end of the accounting period
Answer:
The correct answer is letter "C": At cash realizable value
.
Explanation:
Accounts Receivable in Accounting refers to the money that is owed to a company by its customers. The customers, who may be individual or corporations are the debtors since they owe money for the goods or services provided by the company on credit. Accounts receivable are reported as a <em>current asset</em> or <em>realizable value</em> on the balance sheet.
Answer:
43150 units
Explanation:
For computing the equivalent units of production for conversion costs, first, we have to find the sale units which is shown below:
= Production units for material - ending work in progress units
= 44,500 units - 4,500 units
= 40,000 units
Now the ending work in progress units for conversion would be
= Ending work in progress units × percentage of completion
= 4,500 units × 70%
= 3,150 units
So, the equivalent units of production for conversion costs would be
= Sale units + ending work in progress units for conversion
= 40,000 units + 3,150 units
= 43,150 units
Answer:
Contribution margin per unit = $180
Explanation:
The contribution margin per unit is the amount that each unit contributes towards covering the fixed costs of the company after the variable cost of each unit has been covered. It is calculated by deducting the variable cost per unit from the selling price per unit.
Contribution margin per unit = Selling price per unit - Variable cost per unit
Contribution margin per unit = 450 - 270
Contribution margin per unit = $180