Answer:
a.The ending work in process inventory is $ 146,575
Explanation:
To determine the ending work in process inventory, we need to do the following computations:
No of units in ending inventory 22,000 units
Material cost in ending inventory
22,000 units * 100 % (completion) * $ 2.65 $ 58,300
Conversion costs in ending inventory
22,000 units * 75 % (completion) * $ 5.35 <u> $ 88,275</u>
Total value of Ending work in process inventory <u> $ 146,575</u>
The amount of the payment on May 12 will be the full amount of $230.00
6/10 n/30 means a 6% discount <em>if </em>paid within 10 days and the net amount is due within 30 days. Since the payment was made after 10 days there would be no discount, just the full amount due.
Answer:
Decrease; Less
Explanation:
The producer surplus is the difference between the minimum price that a producer is willing to accept for a product and the price he actually receives.
When the market price of a product falls, the producer surplus will decrease as well.
The lower market price implies that there will be less area between the supply curve and the market price of the product.
Answer:
The correct answer is option b.
Explanation:
Inflation refers to the continuous and sustained growth in the general price level. As the price level rises, it reduces the purchasing power or value of cash balances held by the consumers to reduce. This causes real income to decline.
A certain level of inflation is desirable in an economy to promote growth but a high rate of inflation is harmful. Inflation can be of several types such as
- Demand-pull inflation
- Cost-push inflation
There are several measures used to calculate inflation, for instance, the consumer price index. To correct inflationary pressures, a government uses contractionary fiscal and monetary policy.
Exploding i’m pretty sure lol