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lutik1710 [3]
3 years ago
5

Information concerning Department A of Synergy Company for the month of June is as follows: Materials Units Costs Work in proces

s, beginning of the month 22,000 $15,675 Started in June 93,500 $73,260 Units completed in June 99,000 Work-in-process (WIP), end of the month 16,500 All materials are added at the beginning of the process. Using the first-in, first-out method, which of the following is the cost per equivalent unit with respect to materials? (Note: Round your answer to two decimal places.)
Business
1 answer:
vfiekz [6]3 years ago
8 0

Answer:

0.78

Explanation:

beginning 22,000 with a cost of 15,675

started and completed: completed - beginning

                                         99,000 - 22,000  =    77,000

equivalent units ending WIP 16,500 x100% =    16,500

equivalent units for materials 93,500

equivalent cost of materials: 73,260 / 93,500 = 0,78

for the equivalent cost we will calcualte only using the cost added during the period.

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Answer:

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Cash = Net Service revenue

Net Service revenue = $280 * ( 1 - 10%)

= 280 * 90%

= $252

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Which of the following is a valid interpretation of Say's law?
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E. A given amount of supply creates an equal value of demand somewhere in the economy
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When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by:
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A.selling common stock.

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A business raises capital through debt or equity. Debts represent borrowed funds, which include bonds and loans. Equity represents the owner's funds, which comprises of shares and retained earnings.

Should a business not have enough funds for its long term needs, it can sell more shares to the existing shareholders or the general public.  Shares represent ownership of the company. Selling common stock means that the company will receive the funds it requires in exchange for ownership rights.  Shareholder earns dividends as a reward for providing capital to businesses.

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The elements of the business environment include the:.
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Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common
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Answer and Explanation:

The Preparation of statement of stockholders’ equity is shown below:-

                  <u> Statement of Stockholder's Equity</u>

<u>                          Power Drive Corporation</u>

<u>                For the year ended December 31, 2018</u>

<u>Particulars      Common   Additional    Retained   Treasury   Total</u>

<u>                           stock        paid in          Earning       Stock    Stockholder</u>

<u>                                            capital                                                equity</u>

Jan 1 Balance  100,000  $4,800,000 $2,300,000   0       $7,200,000

Issued common

stock                58,000    $3,132,000      0                 0       $3,190,000

                (58,000 × $1) (58,000 × $54)

Purchase treasury

stock                                                                    -$307,400 -$307,400

                                                                               (5,300 × $58)

Dividends                                              -$251,955                -$251,955

                                        ((100,000 + 58,000 - 5,300) × $1.65)

Sale of Treasury

stock                                  $13,250                       $153,700   $166,950

                                     (2,650 × $5)                   (2,650 × $58)

Net Income                                              $630,000                $630,000

Balance,

December

31            158,000    $7,945,250   $2,678,045  -$153,700 $10,627,595

Total Stockholder's equity  is

= Common stock + Additional paid in capital + Retained earnings - Treasury stock

= 158,000  + $7,945,250  + $2,678,045  - $153,700

= $10,627,595

8 0
3 years ago
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